News

  Dubai / Emirates Business Under the patronage of Her Highness Sheikha Latifa Bint Mohammed Bin Rashid Al Maktoum, Vice Chairman of the Board of Directors, Dubai Culture & Arts Authority, TECOM Group, part of Dubai Holding, the leading global investment group, and Dubai Creative Clusters Authority announced the establishment of Dubai Institute of Design and Innovation (DIDI). Considered a ...

  Dubai / Emirates Business Dubai Electricity and Water Authority (DEWA) organised a number of innovative and interactive activities at Festival City Mall for three consecutive days, in conjunction with World Energy Day, endorsed by HH Sheikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai, along with representatives of 54 countries, in ...

  Dubai / Emirates Business Despite a softening in some markets of the GCC construction sector, and slow global oil price recovery, retail industry in the region is expected to see yearly growth between 7 to 12 percent, this on the back of expansions in leisure facilities like theme parks, new malls, as well as mega events like Expo 2020, ...

  Fujairah / Emirates Business Danube Home, the retail wing of UAE-based Danube Group, announced the opening of a newly refurbished store in Fujairah, UAE. The new addition to the diverse Danube Group portfolio is in line with its aggressive expansion plan undertaken to meet the increased demands of customers and to strengthen its foothold in the GCC Market. The ...

  Abu Dhabi / Emirates Business Abu Dhabi National Exhibition Centre (ADNEC) is set to host the second Pakistan Property Exhibition at the eighth edition of the International Real Estate & Investment Show (IREIS 2016), highlighting key real estate investment opportunities in Pakistan and facilitating the investment of the UAE-based non-resident Pakistanis (NRPs) in the bourgeoning real estate market back ...

  Dubai / WAM Dubai Financial Market (DFM) announced on Monday that the rights issue of “Al Ramz Corporation Investment and Development” is due to be tradable on the exchange between October 25, and November 7. Trading of the rights issue enables existing shareholders of the company who do not wish to subscribe to the new shares, which the company plans ...

  Dubai / Emirates Business Emirates NBD, a leading bank in the region has been ranked the ‘Strongest Bank in the UAE’ by the prestigious Asian Banker’s ‘AB 500 Strongest Banks in 2016.’ The bank, the largest in the UAE, was rated highly for its sound growth record and its giant leaps in the digitisation of banking over the past ...

  Dubai / Emirates Business The eighth edition of the biennial Seatrade Maritime Middle East (SMME) exhibition and conference, which takes place in Dubai from October 31 to November 2, at the Dubai World Trade Centre, is organising a conference dedicated to the dynamic and rapidly growing tanker sector. Part of the Dubai Maritime Week, Seatrade Tanker Middle East, takes ...

  AFP Political stalemate and the conflict rocking Libya are preventing the North African country from taking advantage of its vast oil resources and pushing the economy towards collapse, experts say. When the 2011 uprising toppled the regime of dictator Moamer Kadhafi, Libyans dreamt of transforming their country into another Dubai. Today, they have somewhat lower expectations. “To live in ...

  Reuters Oman’s government is covering between 60 and 70 percent of this year’s budget deficit via international borrowing such as eurobond issues, direct placements of debt and other instruments, the central bank’s executive president said. The rest of the deficit will be financed locally by drawing down financial reserves, such as money held by the State General Reserve Fund, ...