News

  Dubai / Emirates Business Danube Properties, UAE’s leading property developer, announced the launch of their new AED 400 million project ‘Miraclz’ located at Dubai’s Arjaan neighborhood close to Miracle Garden. The project was announced at a press conference held at the Danube Properties Headquarters, where the residential tower was unveiled by the Founder and Chairman of Danube Group, Rizwan ...

  Dubai / Emirates Business Joyalukkas is all set to open its first showroom in the USA. This will now be the 12th country to have the presence of the world’s favourite jeweller thereby giving Joyalukkas a truly global presence. The opening of the new Joyalukkas showroom in Hilcroft, Houston is a sparkling example of a well planned and successful ...

  Dubai / Emirates Business The first Investment Attraction Desk in the UAE was launched in Dubai on Wednesday during the ‘Invest in Italy 2016’ roadshow attended by Ivan Scalfarotto MP, Italian Secretary of State, International Trade & Investment Attraction and HE Liborio Stellino, Italian Ambassador to the UAE. The launch was successfully attended by more than 100 investors, businessmen ...

  Dubai / Emirates Business The key to DP World’s success in Latin America will be the replication of the model it uses in Dubai, the company’s Group Chairman and Chief Executive Officer, His Excellency Sultan Ahmed Bin Sulayem said. Addressing delegates at the inaugural Global Business Forum on Latin America at the Atlantis the Palm hotel in Dubai on ...

  Dubai / WAM Emirates NBD Dubai Economy Tracker has shown that October data signalled a further improvement in business conditions across Dubai’s private sector economy, underpinned by strong rises in output and incoming new work. At 53.2 in October, the seasonally adjusted Emirates NBD Dubai Economy Tracker Index registered above the crucial 50.0 no-change value for the eighth month running. ...

  Abu Dhabi / WAM Abu Dhabi National Energy Company (TAQA) on Wednesday announced its financial and operating results for the first nine months of 2016. “During the period, we delivered strong operational performance and further reduced our capex and costs base consistent with our plan, while maintaining our focus on safety,” said Saeed Al Dhaheri, TAQA’s Acting Chief Operating Officer. ...

  Abu Dhabi / WAM The UAE leadership has empowered Emirati women, including those in business, to play a more effective role and become key partners in development, innovation, creativity and spreading happiness in society, said HH Sheikha Fatima bint Mubarak, Chairwoman of the General Women’s Union, Supreme President of the Family Development Foundation and Head of the Supreme Council for ...

  Abu Dhabi / Emirates Business Oil companies that invest during the current downturn in oil prices stand to profit the most when supply and demand comes back into balance, according to the UAE’s Energy Minister, His Excellency Suhail Mohamed Faraj Al Mazrouei. Speaking on the sidelines of His Excellency’s Q&A discussion at ADIPEC’S VIP Programme on the UAE’s future ...

  Abu Dhabi / WAM Germany’s oil and gas producer Wintershall has spudded the first offshore well at Abu Dhabi’s sour gas and condensate field Shuwaihat, it said. Wintershall successfully completed the first onshore drilling at Shuwaihat together with its partner ADNOC and the Austrian OMV in July, 2015. After compiling and analyzing the data from the onshore field SH-5, Wintershall ...

  Abu Dhabi / WAM Turbine Services & Solutions Industrial, TS&S Industrial, today announced it has expanded new capabilities for the repair and overhaul of the Siemens Industrial Trent 60 WLE variant. The new services have established TS&S Industrial as the first independently owned, specialised and independent maintenance, repair and overhaul (MRO) provider with the capability to support the Industrial Trent ...