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Dubai / Emirates Business du has delighted customers by expanding its retail footprint in the capital, Abu Dhabi, where it currently has 15 stores. du hosted the Grand Opening of its 76th retail store in the UAE at the popular Yas Mall, which has attracted over 40 million visitors since opening in 2014. du’s existing presence in Yas Island includes ...

Dubai / Emirates Business The market for drones in the GCC is expected to reach $1.5 billion by 2022, presenting a massive opportunity for regional telecom operators, according to Strategy&, formerly Booz & Company, and part of PwC network. By leveraging their capabilities and resources, these companies can play a central role in the development of regional drone industry. Originally ...

Abu Dhabi / WAM The Abu Dhabi General Services Company, Musanada, has revealed that work is progressing as planned across four infrastructure projects in Mohammed Bin Zayed city, as part of its efforts to achieve the objectives of the Abu Dhabi Plan, aiming to provide sustainable infrastructure for the community and economy of the emirate, in line with the best ...

DUBAI / WAM Dubai’s economy is expected to expand further over the next two years after having outperformed global economic growth and defied downward trends that prevailed worldwide in 2016, said HH Sheikh Ahmed bin Saeed Al Maktoum, Second Deputy Chairman of the Executive Council and Chairman of Economic Development Committee. The results of Dubai Plan 2021 Annual Report ‘Dubai ...

Dubai / WAM The Dubai Chamber members’ exports and re-exports surged to AED146.7 billion during 2017 H1, a growth of 6.1 percent from AED138.3 billion in the corresponding period last year, with the chamber’s total membership hitting 210,000 by the end of the same period, rendering it one of the world’s largest membership-based chambers of commerce. A total of 8897 ...

DUBAI / WAM The Senior Management of Dubai Electricity and Water Authority (DEWA) has got firsthand experience of the progress of work at the Research & Development (R&D) Centre, at the Mohammed bin Rashid Al Maktoum Solar Park, in Seih Al-Dahal, Dubai as part of a regular follow-up of DEWA’s essential projects. Saeed Mohammed Al Tayer, MD & CEO, DEWA, ...

DUBAI / WAM Driven by gains held by banking and investment sectors as well as some property companies, Dubai Financial Market (DFM) initiated week’s trades on an improvement note after experiencing a regular profit-booking spree on Thursday, closing 0.64% up at 3596 points, with Abu Dhabi Securities Exchange edging slightly down 0.39% to 4534 points amid overall stable trading conditions. ...

Bloomberg Donald Trump’s allies in the oil industry are warning the president that his bid to boost US steelmakers could backfire against their efforts to achieve his goal of “American energy dominance.” The intense lobbying effort comes as the Commerce Department faces a deadline to give the president a plan to require oil and gas pipelines use American-made steel, an ...

Bloomberg India approved the sale of a stake in state-run refiner Hindustan Petroleum Corp. to the country’s biggest oil and gas explorer, according to a person with knowledge of the decision. The move fulfills a plan, first outlined in February, to create an Indian oil giant through consolidation and mergers, forming a company comparable with international rivals that could weather ...

Bloomberg Almost two years after the biggest gas leak in US history sprung from a Sempra Energy natural gas storage field in Southern California, the state is ready for the complex to reopen. Sempra Energy’s Aliso Canyon field near Los Angeles is safe to operate at about 28 percent of capacity, with the ability to store as much as 23.6 ...