News

  Bloomberg Hon Hai Precision Industry Co., the main assembler of Apple Inc.’s iPhones, recorded its first annual revenue decline after the global smartphone market went through its worst year on record. The company, also known as Foxconn, posted a 2.8 percent fall in 2016 sales to NT$4.36 trillion ($136.5 billion), it said in a filing to Taiwan’s stock exchange, ...

  Emirates Business Over the past decade, the GCC region has witnessed rapid economic development and demographic changes, including the influx of expatriates, which in turn has increased the region’s overall population. This coupled with rise in per capita income has fuelled the demand for residential units in the GCC region, said Al Masah Capital, region’s leading investment firm, in ...

  ABU DHABI / Emirates Business The Middle East and North Africa’s leading shopping mall, retail and leisure pioneer, Majid Al Futtaim, continues its expansion and announced a new AED 300 million project in Abu Dhabi – “My City Centre Masdar”. The new mall will be located in the heart of Masdar City, one of the world’s most sustainable urban ...

  Abu Dhabi / WAM Abu Dhabi is set to play a leading role in coordinating efforts to meet the pressures of feeding 520 million people by 2030, by hosting MENA Food Production 2030, which will take place on March 20 and 21during the Global Forum for Innovations in Agriculture (GFIA) and will drive a critical dialogue between government, food ...

  DUBAI / WAM Dubai Business Events (DBE) recorded its most successful year to date, winning 129 bids and proposals for upcoming conferences, meetings and incentive trips in partnership with local stakeholders. The number of future business events secured by Dubai Business Events increased by 79% in 2016, compared to 2015, consolidating Dubai’s position as a leading destination for business ...

  Dubai / WAM Dubai International Financial Centre (DIFC) the financial hub of the Middle East, Africa and South Asia (MEASA) region, announced on Tuesday the launch of the region’s first fintech accelerator in Dubai. Set to be operational in the first quarter of 2017, the FinTech Hive at DIFC will introduce cutting-edge financial services technologies to the MEASA markets while ...

  Dubai / WAM Jebel Ali Free Zone (Jafza), a DP World Company, issued a new set of guidelines for the Jebel Ali Free Zone Companies Implementing Regulations 2016 that enable foreign companies to transfer and continue operations in the free zone without the need to open a branch or establish a new company. For the first time, Jafza has brought ...

  Abu Dhabi / WAM The Food and Agriculture Organisation (FAO) of the United Nations lauded the decision of Vice President and Prime Minister and Ruler of Dubai, His Highness Sheikh Mohammed bin Rashid Al Maktoum, to institutionalise the efforts to fight hunger and food waste by launching the UAE Food Bank initiative. Nabil Gangi, FAO Representative to the UAE and ...

  Abu Dhabi / WAM More than 500,000 fake auto spare parts, with a market value of AED15 million, were confiscated from a store in Al Ain city. The Abu Dhabi Department of Economic Development (ADDED) described it as a major hit against trading in fake and counterfeit items, saying it is the biggest confiscation across the Emirate of Abu Dhabi. ...

  Dubai / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of UAE and Ruler of Dubai, unveiled the UAE energy strategy for the next three decades. The new energy strategy, announced in the presence of HH Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, aims to increase the contribution of clean ...