News

Dubai / WAM The Mohammed bin Rashid Fund (MBRF), the financial arm of Dubai SME, an agency of Dubai Economy mandated to develop the small and medium enterprise (SME) sector, and Beehive, the first and only regulated peer-to-peer lending platform in the MENA region, providing innovative online financing solutions for SMEs, have signed an MoU to facilitate SME financing and ...

DUBAI / Reuters Abu Dhabi’s Dana Gas said it would propose restructuring $700 million of outstanding Islamic bonds on Tuesday to a committee of holders of the sukuk, which it said was not sharia-compliant. “The company has recently received legal advice that the sukuk in its present form is not sharia-compliant and is therefore unlawful under United Arab Emirates law,” ...

Dubai / Emirates Business Businesses across the UAE are scrambling to hire new talent for their rapidly changing IT needs, brought about by the consumer shift to mobile, evolving web technologies and increasing cyber threats, according to a study of the UAE’s IT job market just released by GulfTalent, one of the largest online recruitment portals in the Middle East. ...

SHARJAH / WAM Sharjah Commerce and Tourism Development Authority (SCTDA) has launched the first Sharjah Summer, an array of entertainment, arts and cultural events and shows aimed at boosting the emirate’s tourism. Organised by 28 public and private sectors entities across the emirate, the fair will run from June 27 to September 8, and includes a package of world-class events ...

Dubai / Emirates Business Dubai has emerged as one of the top 10 destinations for international meetings, according to the latest edition of the International Meetings Statistics Report published last week by Union of International Associations (UIA). The report ranked 1,157 cities globally based on the total number of international meetings that took place during the year. Previously ranked 14th ...

Dubai / WAM Dubai Investments Real Estate Company (DIRC), a subsidiary of Dubai Investments, has announced the completion of preparation work, including excavation and shoring works, for the first phase of its AED3 billion Mirdif Hills project, currently under construction in the Mirdif area of Dubai. The first phase of Mirdif Hills includes 1,054 apartments in its three components, Janayen ...

Abu Dhabi / Emirates Business Tadweer (The Centre of Waste Management – Abu Dhabi) organized a Ramadan evening to highlight the importance of leadership in Occupational Health and Safety (OHS), as well as a two-way consultation workshop for Tadweer’s top management, contractors and waste sector entities. The event aimed to underline the challenges the companies are facing with respect to ...

Abu Dhabi / WAM In support of the 2017 #Year of Giving initiative, launched by President His Highness Sheikh Khalifa bin Zayed Al Nahyan, the Federal Authority for Nuclear Regulation (FANR), has launched its “Give-Back” initiative which aims to support the pillars of the Year of Giving which include corporate social responsibility (CSR), volunteering, and serving the nation. FANR’s Give-Back Initiative ...

Dubai / Emirates Business Global leaders will descend on Dubai for the Africa Legal Network’s (ALN) 4th Annual International Conference on October 4-5 at the Park Hyatt, Dubai, UAE. The invite-only event will bring together high-calibre and relevant business professionals and government representatives to discuss opportunities for foreign investment in Africa. The African continent is expected to grow to a ...

Dubai / Emirates Business The Dubai Chamber of Commerce and Industry (DCCI) signed a memorandum of understanding (MoU) with Souq.com in a move designed to facilitate cooperation between the two entities and expand Chamber members’ access to the region’s e-commerce. Under the terms of the agreement, Dubai Chamber members can avail exclusive benefits offered by Souq.com, including free access to ...