News

DUBAI / Emirates Business Prepaid card demand and usage in the UAE is expected to rise as increased number of consumers seek cost-effective electronic payment solutions, with a low-risk of fraud, and flexibility of usage. According to a Research and Markets report on UAE Prepaid Cards Business and Investment Opportunities, the country is expected to record a 15.9 per cent ...

Abu Dhabi / WAM Abu Dhabi Securities Exchange (ADX) distributed around AED22.1 billion in cash dividends to investors during the first six months of 2016 on behalf of its listed companies. ADX Chief Executive, Rashed Al Blooshi, said, “The distributed cash dividends were sent via direct bank transfers to the accounts of investors who have updated their bank account details ...

ABU DHABI / WAM A total of 24 venture capital funds have been incorporated by the Securities and Commodities Authority (SCA) by the end of 2016, running assets of more than AED2.4 billion, according to SCA statistics. Most of these funds are affiliated to local banks and a number of other financial institutions, investing their assets in the UAE capital ...

DUBAI / Emirates Business The Dubai Airport Freezone Authority (DAFZA) participated at the 19th International Logistics and Material Handling Exhibition (SIL) in Barcelona, Spain. DAFZA’s participation in the event aimed to help increase foreign direct investment (FDI) opportunities between the Freezone and investors from Spain and the other participating countries.

Dubai / Emirates Business Sandooq Al Watan, a national initiative launched by prominent Emirati businessmen to support research projects, has announced an unprecedented initiative titled “Our Future”. The initiative aims to prepare the UAE for a post-oil era by supporting the establishment world-class Emirati start-ups and growing them into global companies that generate massive economic and social returns to the ...

Dubai / Emirates Business Rove Hotels, the contemporary lifestyle brand by Emaar Hospitality Group, has unveiled its fourth hotel, with a focus on the fast-growing meetings, incentives, conferences and exhibitions (MICE) tourism sector of Dubai. The home-grown Dubai hotel brand continues to offer strong value for business and leisure travellers, as Rove Trade Centre joins the portfolio of three other ...

Dubai / Emirates Business Abu Dhabi National Exhibitions Company (ADNEC) has scooped two prestigious Association of Event Organisers (AEO) Awards at a special ceremony held in London. The award recognised Abu Dhabi National Exhibitions Centre as the ‘Most Sustainable Exhibition and Conference Venue’ and ExCeL London as the ‘Venue of the Year’, confirming ADNEC Group’s growing industry recognition as an ...

Dubai / Emirates Business Under the patronage of His Highness Sheikh Mansour bin Ahmed bin Ali Al Thani, the Chairman of Dubai Investment Properties LLC, Sunset Mall in Jumeirah 3 launches its latest ‘Do Good at Sunset’ campaign in partnership with social services organisation Smartlife Foundation. In the spirit of Dubai’s ‘Year Of Giving’, Sunset Mall has organised a charity ...

Abu Dhabi / Emirates Business The Yahsat Space Lab at Masdar Institute of Science and Technology hosted a workshop on how to build a lunar rover capable of exploring the moon’s rocky terrain, led by TeamIndus ‒one of five teams competing for the Google Lunar XPRIZE. The workshop was held at Masdar Institute, which is part of the Khalifa University ...

Sharjah / WAM Sharjah Media City, Shams, the world-class free zone hub for innovation, has signed an agreement with leading property consultancy Cluttons, to conduct market feasibility and analysis studies on relevant real estate products and options for Shams. The company is also assigned to develop innovative, high quality real estate solutions. “We are delighted to welcome our strategic partner, ...