News

  Dubai / Emirates Business The Department of Economic Development (DED) in Dubai and the Dubai World Trade Centre Authority (DWTCA) havesigned a memorandum of understanding (MoU) to facilitate business licensing and operations within their respective territories. The agreement will allow DWTCA to have access to the Trade Name Reservation System of DED, while companies licensed by DED will be ...

  Abu Dhabi / Emirates Business Abu Dhabi Tourism & Culture Authority (TCA Abu Dhabi) is inviting visitors to the last race of the Formula 1 season to step into the past of Abu Dhabi while at the Yas Marina Circuit. With racing taking place between November, 25 -27 and more than 60,000 fans expected on Yas Island from across ...

  Dubai / Emirates Business Emirates National Oil Company (ENOC) honoured 15 strategic suppliers, selected from 158 shortlisted vendors, for their exceptional performance and value addition to ENOC’s business through innovation. The suppliers were awarded based on their performance and contribution to strengthening ENOC’s operational business at the recently held ‘Strategic Suppliers Recognition Award’ ceremony. The recognition ceremony is part ...

  Abu Dhabi / Emirates Business Al Yah Satellite Communications Company (Yahsat) and EMEA Satellite Operator’s Association (ESOA) hosted a gala dinner to discuss opportunities for the satellite industry and identify ways of future collaboration. Prominent industry leaders from organisations including UAE Space Agency, Thuraya, Arabsat, SES, Arianespace, Telespazio, Inmarsat exchanged ideas and explored prospects. “Historically, satellite services have been ...

  Abu Dhabi / Emirates Business ADNOC Distribution on Thursday announced the opening of Al Hadeetha service station at Al Hamra area in the emirate of Umm Al Qawain (UAQ). The new service station takes the total number of stations operating within the ADNOC Distribution network in Umm Al Qawain to 13. Open round-the-clock, the new service station comprising four ...

  Dubai / Emirates Business DAMAC Properties on Thursday announced the launch of AKOYA Manarola, a unique collection of colourful villas directly facing the international golf course and nestled within AKOYA Oxygen. Inspired by the charming village of Manarola on the Italian Riviera, this vibrant community is where creative and passionate individuals find inspiration in the very place they call ...

  Bloomberg Egypt may seek to raise as much as $6 billion from international bond sales through 2017, though the first issuance may be delayed due to market “volatility” after the election of Donald Trump, Finance Minister Amr El-Garhy said. The government is still weighing whether to tap markets next week, El-Garhy said in an interview with Bloomberg Television in ...

  Abu Dhabi / NEW DELHI / WAM The UAE reviewed the steps it has taken so far to further promote entrepreneurship environment and highlight opportunities of building economic and business partnerships that support small and medium entrepreneurs (SME) to penetrate into new markets at regional and international levels. This came during the panel discussion themed ‘Global Partnership Opportunities for ...

  DUBAI / Reuters Etihad Airways has set its planned five-year sukuk at $1.5 billion, the upper end of an expected range of $1.25 billion to $1.5 billion, banks leading the transaction said on Wednesday. The UAE airline set the final spread for its debut Islamic debt issuance at 210 basis points over midswaps, after one bank involved said on ...

ABU DHABI / WAM UAE-based satellite operator Yahsat said on Wednesday the company had entered into a strategic partnership with Talia, a market-leading teleport, satellite and terrestrial network operator. Under the agreement, Talia is committed to capacity on Yahsat’s upcoming Ka-band Al Yah 3 satellite, located at 20 degree W, to be launched in 2017, alongside existing services on the ...