News

Bloomberg Of all the things the UK economy needs, more uncertainty isn’t one of them. Prime Minister Theresa May’s loss of her majority in Parliament after an election gamble has muddied the outlook for oncoming Brexit negotiations and the economy. After a campaign largely devoid of economic arguments, the new government faces a slew of policy challenges and threats to ...

DUBAI / Emirates Business The e-commerce industry in the UAE is expected to hit the US$10 billion (AED36.7 billion) mark by the year 2018, regional retailers are in the process of consolidating their online presence in a bid to remain competitive and profitable. With the UAE’s current ecommerce value estimated to be around US$2.5 billion (AED9.2 billion), analysts are optimistic ...

DUBAI / WAM The UAE Ministry of Health and Prevention and Jafza, a DP World company, have signed a Memorandum of Understanding for the development of the healthcare and pharmaceutical sector in the country. The memorandum was signed at Jafza head office by Dr Amin Hussein Al Amiri, Assistant Under-secretary of Public Health and Licensing Policy at the Ministry and ...

ABU DHABI / WAM The Department of Economic Development’s Competitiveness Office of Abu Dhabi (COAD) held a coordination meeting for the Steering Committee on the ‘Doing Business In the Emirates of Abu Dhabi’ report, which comprises representatives of relevant government entities in Abu Dhabi. The meeting covered the latest updates on the proposed initiatives and reviewed efforts made by competent ...

Abu Dhabi / WAM Abu Dhabi Fund for Development (ADFD), in a bid to enhance civic responsibilities, and instil a spirit of social solidarity and volunteerism within the community, on Wednesday launched its ‘My Community’ programme, as part of the Fund’s corporate social responsibility (CSR) mandate. In addition to strengthening the principles and values of volunteerism across the Fund’s departments, ...

Dubai / Emirates Business Dubai Ladies Club (DLC) is set to host the fourth edition of its successful charity fashion exhibition, ‘Designs of Hope’, from June 13 to 15. The event is being held in support of the Al Manal Humanitarian Initiative’s ‘teacHER’ campaign, launched in collaboration with Dubai Cares to increase children’s access to quality education in Nepal, Senegal and ...

Dubai / Emirates Business Enova – the regional leader in integrated energy and multi-technical services – will supply solar power to four Majid Al Futtaim malls, delivering expected savings of AED 80 million. Enova’s first solar power deal with Majid Al Futtaim Properties was signed on World Environment Day, the United Nations’ annual initiative to promote sustainability. The deal is ...

Abu Dhabi / WAM The Federal National Council (FNC), held the 18th session of the second ordinary session of the 16th legislative chapter which was chaired by Dr Amal Abdullah Al Qubaisi, Speaker of the FNC. During the meeting, discussions revolved around a report from the Financial, Economic and Industrial Affairs Committee on the reservations of President His Highness Sheikh ...

Dubai / WAM Guo You, Chairman of the Board of Supervisors of China Construction Bank (CCB), on Wednesday rang the market-opening bell to celebrate the listing of a US$1.2 billion bond on Nasdaq Dubai, the region’s international financial exchange. The listing by the Hong Kong Branch of CCB, one of China’s leading banks, underlines the country’s growing financial activities in the ...

Sharjah / WAM Sharjah Chamber of Commerce and Industry (SCCI) revealed that the number of its registered members has reached a new record of 66,295, after registering 1,607 new companies in the first quarter of 2017. Total number of new and renewed memberships reached 16,799 by the end of the quarter, compared to 16,132 year-on-year, recording a growth rate of 4 ...