News

Dubai / WAM Dubai Land Department (DLD) announced launch of an awareness campaign for its ‘Dubai Brokers’ application, the first of its kind in the world. ‘Dubai Brokers’ is the most important application issued by DLD for providing accurate and up-to-date information on licensed Dubai real estate brokers and real estate companies that have been approved by the department. Yousef ...

Sharjah / WAM ADNOC Distribution, the sole distributor of petroleum products in the Emirate of Sharjah through its comprehensive service station network, has announced the further consolidation of its presence in the Emirate with the opening of Al Meedan Service Station. Located on Al Zahra Street adjacent to Government House Square in Sharjah, the new facility is part of the ...

Dubai / Emirates Business The new season of Modhesh World — one of the most popular indoor edutainment destinations in the region — is staying true to its tradition of providing a holistic family-friendly entertainment option to a global audience in Dubai. With food and unique gastronomical concepts becoming an integral component of social outings, the theme park has unveiled ...

Dubai / Emirates Business Small businesses in the UAE seem to be defying economic odds, as 104 of the best performing SMEs in the country reported an average growth rate of slightly over 150% in 2016. These high-octane growth businesses were recently shortlisted as finalists of the 2017 Gulf Capital SME Awards; a programme launched 5 years ago by MEED, ...

ABU DHABI / WAM AlBayt Mitwahid, an initiative established by the staff of the Abu Dhabi Crown Prince’s Court has joined hands with Sandooq Al Watan, a nationwide initiative by leading Emirati entrepreneurs to support sustainable advancement and prepare for the post-oil era, and Al Khayarat Foundation, to launch the ‘Jousoor’ initiative aimed at developing the skills of Emirati students ...

DUBAI / WAM Dubai Electricity and Water Authority (DEWA) has awar-ded a AED 46 million contract for the first phase of the construction of its new headquarters, called Al-Sheraa, to Dutco Balfour Beatty, who offered the lowest bid and competed with 10 leading international companies. The contract for Phase 1 includes shoring, dewatering, excavation, piling, fencing and associated works. Al-Sheraa ...

AJMAN / WAM The Ajman Chamber of Commerce and Industry (ACCI) signed an agreement with the Smart Solution Marketing, for the sixth edition of Ajman Education and Training Exhibition (AETEX) that will be held in 2018. The move is in line with the chamber’s keenness to support the educational sector and foster its sustainability and growth in Ajman and the ...

DUBAI / WAM The Telecommunications Regulatory Authority (TRA) has announced the launch of ‘TRA Innovation Camp’ in its third edition, starting from tomorrow, until August 10. The camp aims to orient the younger generation towards future technological horizons, support exploration, innovation, future shaping and develop self-technical skills of the youth, in line with the country’s approach in the Information Communication ...

Bloomberg The trillion-dollar global shipping industry may soon be forced to curb greenhouse gas emissions under new rules backed by the European Union and China. Over 200 representatives convened this week at the International Maritime Organization, the United Nations shipping supervisor based in London, to discuss regulation that could turn their industry, currently responsible for as much as 3 percent ...

Bloomberg Oil prices declined for the week, as expanded US drilling activity and added production offset a larger-than-expected drop in stockpiles. Futures fell 3.9 percent, even after US data showed the nation’s crude stockpiles dropped by 6.3 million barrels, three times as much as expected. US drillers went back to adding rigs this week, after breaking a record streak of ...