News

  Bloomberg SLM Solutions AG has hired Lazard Ltd. to help it explore strategic options six months after General Electric Co. withdrew a 680 million-euro ($737 million) offer for the 3-D printing company, according to people familiar with the matter. The review could lead to the sale of a stake in the Luebeck, Germany-based company or even a complete takeover, ...

  ABU DHABI / WAM The total value of 1,153 hospitality projects in the six members of the Gulf Co-operation Council (GCC) exceeded US$148.4 billion (AED544.62 billion) in the first quarter of 2017, according to a new report by project research and intelligence provider BNC Network. The GCC’s hospitality industry constitutes 7 per cent of all active projects in the ...

  ABU DHABI / WAM The sixth session of the UAE-Azerbaijan Joint Economic Committee, held at the Grand Hyatt Hotel in Dubai, and co-chaired by Sultan bin Saeed Al Mansouri, Minister of Economy, and his counterpart, Shahin Mustafayev, Minister of Economic Development in Azerbaijan, concluded on a high note. Those at the committee’s meeting discussed economic co-operation and enhancing bilateral ...

  LONDON / WAM Embassy of the UAE in London has hosted a lunch banquet in honour of a delegation from the UAE Ministry of Economy and private organisations and British investors participating in the UK-GCC Public Private Partnership Conference in London, to bolster ties among the business communities in both countries. In remarks delivered at the banquet, UAE Ambassador ...

  SHARJAH / WAM Sharjah Chamber of Commerce and Industry (SCCI) has signed an agreement with Dubai Chamber of Commerce and Industry (DCCI), in its capacity as the representative of the International Certificates of Origin Council (CO), according to which COs issued by Sharjah Chamber will be awarded an international recognition. The agreement aims to allow scaling of international commercial ...

  DUBAI / Emirates Business The UAE continues to be an increasingly important destination for travellers from both China and India, according to InterContinental Hotels Group (IHG), one of the world’s leading global hotel companies. IHG’s data trends show that, the hotel market in the Emirates can expect to see an increase in inbound business from these two powerful markets ...

  Abu Dhabi / WAM Musabbah Mubarak Al Murar, Acting General Manager of Abu Dhabi City Municipality (ADM), signed two agreements with Emak Investment Group for the construction of two slipways for boats at Al Bahya and Al Sadr cities on the closing day of Cityscape 2017. He also signed a third agreement with Corner Stone Property Management LLC for building ...

  Socotra / WAM Emirates Red Crescent (ERC) delegation, currently visiting Yemen’s Archipelago of Socotra, has launched the first phase of its development projects there. The move follows the directives of President His Highness Sheikh Khalifa bin Zayed Al Nahyan, Vice President, Prime Minister and Ruler of Dubai, His Highness Sheikh Mohammed bin Rashid Al Maktoum, and His Highness Sheikh Mohamed ...

  Sharjah / WAM Sharjah Charity International donated AED4 million for the relief campaign targeting vulnerable people in Somalia, under the slogan “For You Somalia”, which aims to eliminate suffering caused by the drought crisis affecting large areas of the country. The campaign is an implementation of the directives of President His Highness Sheikh Khalifa bin Zayed Al Nahyan, in co-operation ...

  Dubai / Emirates Business Travel trade professionals from across the world’s hospitality industry will descend upon Dubai on Monday for the opening of Arabian Travel Market (ATM) 2017, the region’s leading travel industry showcase. Simon Press, Senior Exhibition Director, ATM, said: “We have visitors registered from all corners of the globe and all facets of the hospitality industry for ...