News

  Abu Dhabi / WAM NIMR Automotive on Wednesday announced that two of its most advanced military vehicle models, designed and manufactured in the UAE, have formally entered into service with the UAE Armed Forces. The N35, a mine-protected multi-purpose fighting vehicle in both 4×4 and 6×6 configurations, and the AJBAN-class Special Operations Vehicle (SOV) were on display at the UAE’s ...

  Abu Dhabi / Emirates Business The seventh annual SIAL Middle East exhibition, the fastest growing event for the region’s food, drink and hospitality sectors, concluded yesterday at the Abu Dhabi National Exhibition Centre (ADNEC) with a record number of visitors and deals worth billions of dirhams conclude. Held under the patronage of HH Sheikh Mansour bin Zayed Al Nahyan, ...

  Ras Al Khaimah / Emirates Business RAK Properties PJSC, Ras Al Khaimah’s largest property developer listed on the Abu Dhabi Stock Exchange, signed a AED 30 million enabling works contract with Al Nuaimi Group for its upcoming Anantara Resort & Spa within the Mina Al Arab development. The contract between Al Nauimi Group and RAK Properties includes piling and ...

  Dubai / Emirates Business Mai Dubai, the Dubai-based bottled drinking water company, commissioned Swisslog to automate its storage and distribution logistics at its new mega expansion project in Dubai in order to reach its 2020 goals. The order value of the project amounts to 21 million US dollars. As Swisslog builds on its strengths in logistics in the food ...

  Sharjah / Emirates Business City Centre Sharjah—one of the emirate’s largest shopping destinations, owned and operated by Majid Al Futtaim, the leading shopping mall, retail and leisure pioneer across the Middle East and North Africa —will offer unparalleled shopping opportunities to residents and visitors in the Emirate, this holiday season. During the festive season, shoppers will have the chance ...

  Dubai / Emirates Business The 21st edition of the Middle East’s most influential jewellery show has opened its doors, unveiling thousands of unique, breath-taking jewellery pieces, offering visitors a one of a kind shopping opportunity. The show floor displays more than 10,000 glittering designs from across the globe and the four-day jewellery extravaganza will run until December 10 at ...

Bloomberg After half a decade of negative interest rates, Denmark’s economy is headed for an economic “boom” and risks running out of the labor resources needed to support sustainable growth, the central bank said on Wednesday. “The Danish economy is in a solid upswing, and as the signs of labor shortage are becoming still clearer, the structural government budget should ...

  Bloomberg Tesla Motors Inc. said it’s voluntarily recalling about 7,000 adapters for electric-vehicle charging after two reports of overheating that resulted in melted plastic on the plugs. The rarely used item is sold through the company’s online store. Two customers reported overheating in November, according to an e-mail the company sent to customers. No damage besides the melted plastic ...

  Bloomberg The US trade deficit widened to a four-month high in October as overseas sales weakened and American companies imported more equipment and consumer goods. The gap grew to $42.6 billion from the prior month’s revised $36.2 billion, Commerce Department figures showed. The 17.8 percent increase from September was the largest since March 2015. The Bloomberg survey median called ...

  Cairo/ AFP Egypt has an ambitious three-year reform plan that, with foreign help, can revive its struggling economy, the minister of international cooperation said. In an interview, Sahar Nasr said the “three-year strategy” will lead to a return of investments, boost industrial production and create jobs. It comes as Egypt faces not only falling growth and a currency crisis ...