News

Dubai / WAM In line with the UAE declaring 2017 as #Year of Giving, Dubai SME, a Dubai Economy agency, and International House for Real Estate Project Management (IHRPM), a property developer and real estate management company, is launching the ‘Unleash Your Inner Entrepreneur’ competition for promising entrepreneurs. The competition will give aspiring small businesses and entrepreneurs across the GCC, ...

Dubai / Emirates Business Dubai continues to be the key driver in the region’s trade in fragrances and cosmetics, even as the Middle East grows in prominence as an important global destination for beauty and wellness products. This was borne out by the latest trade figures released by Dubai Customs, at the ongoing Beautyworld Middle East 2017 – the leading ...

Abu Dhabi / WAM Dr Anwar bin Mohammed Gargash, Minister of State for Foreign Affairs and Chairman of the National Committee to Combat Human Trafficking, reiterated the UAE’s commitment to promote and protect human rights and to continue combatting human trafficking. This was said during a press conference this afternoon held at the Ministry of Foreign Affairs and International Cooperation ...

Dubai / Emirates Business Danube Properties, Dubai’s pioneers in affordable housing, has launched a new project called Bayz in Dubai’s upcoming Business Bay neighborhood. The announcement of the AED 450 million project was made at a press conference, which was addressed by Rizwan Sajan, Chairman and Founder of Danube Group in the presence of senior management as well as the ...

Ras Al Khaimah / Emirates Business Ras Al Khaimah Economic Zone (RAKEZ), the umbrella of RAK Free Trade Zone (RAK FTZ) and RAK Investment Authority (RAKIA), continues to make waves after its recent launch, now opening the doors of its Media Zone to the media business community. “The RAKEZ Media Zone provides a nurturing and synergistic environment for media firms ...

Abu Dhabi / Emirates Business Abu Dhabi National Exhibitions Company (ADNEC) is marking an emphatic participation at the 2017 edition of Worldwide Exhibition for Incentive Travel, Meetings and Events (IMEX), the largest European trade show for the international congress, conference and events sector, currently underway at Messe Frankfurt in Germany. The delegation from ADNEC is attending various co-located events including ...

Abu Dhabi / Emirates Business Abu Dhabi National Insurance Company (ADNIC), one of the leading regional multi-line insurance providers for corporates and individuals, has achieved its target for the UAE Government Accelerators program, by employing 10 Emirati talents during the first 100 days of the programme. Upon recruitment, ADNIC in coordination with Emirates Institute of Banking and Financial Studies, enrolled ...

Bloomberg Saudi Arabia and Russia said they favour prolonging oil-output cuts by global producers through the end of the first quarter of 2018, setting a firmer timeframe for a likely extension of the curbs into next year. Crude prices jumped. Extending the curbs at already agreed-upon volumes is needed to reach the goal of reducing global inventories to the 5-year ...

SINGAPORE / Reuters The commercial start-up of Vietnam’s new $7.5 billion Nghi Son oil refinery will be delayed to 2018, from an initial expected start-up in the third quarter of this year, according to a notice on a government website. The 200,000 barrels-per-day (bpd) oil refinery is now planning to start commercial operations in the first quarter of 2018, according ...

Bloomberg Just six months ago, Indian companies and policy makers were grappling with a record-low exchange rate. Now, the rupee’s unexpected rebound is causing fresh problems. While the currency’s 5.9 percent jump against the dollar so far this year will help tamp down inflation, it’s posing a challenge for the earnings of India’s exporters. For information technology and drug companies ...