News

  Al Ain / WAM Abu Dhabi General Services Company, Musanada, has so far completed 32 percent of Al Ain Hospital, which will be handed over to Abu Dhabi Health Services Company – (SEHA). This forms part of Musanada’s efforts to realize the vision of President His Highness Sheikh Khalifa bin Zayed Al Nahyan, and to carry out the projects that ...

  Dubai / Emirates Business The Sovereign Art Foundation launched its coveted Art Prize in the MENA region, the most prestigious art prize for contemporary artists, in association with START. Having executed 12 successful years of Art Prize events in Asia, most notably Hong Kong, this year the competition will arrive in the UAE for the very first time, culminating ...

  Abu Dhabi / WAM A new decree has been set by the Ministry of Human resources and Emiratisation to exempt small and medium-sized enterprises (SMEs) from bank guarantees by the beginning of October 2016. The new decree supports the initiation of fresh projects and classifies them within the ministry’s first category, according to the stipulated conditions. Saqr Ghobash, Minister of ...

  RITIKA SHARMA / Emirates Business Smart machines are set to change the DNA of global workplaces and the UAE will lead the game, IT whizzes believe. After driverless cars, virtual offices and the Museum of Future leading global digital trends, the country is soon expected to become home to robo-bosses. You read it right! Don’t be surprised anymore if ...

  ALKESH SHARMA / Emirates Business Bring Your Own Device (BYOD) is one of the most innovative success mantras that smart enterprises are currently following in the UAE region. Aimed at empowering the workforce through the so-called ‘consumerisation of IT’, BYOD concept gives a freedom to employees to access latest technology and apps. The upcoming ‘BYOD Forum UAE’, in Dubai, ...

  ALKESH SHARMA / Emirates Business The recent pact between online payments network giant ‘PayPal Holdings Inc.’ and leading global financial service provider ‘Visa Inc.’ is likely to reap rich benefits for both multinationals in the UAE. The agreement, which is expected to end the history of animosity between the digital payments company and Visa Inc., was announced this week. ...

  Jeddah / TNS A Saudi-British agreement on free trade will see the light if both countries’ governments agree on its terms. This was stated by Chris Innes-Hopkins, executive director of the Saudi British Joint Business Council, in an interview with Asharq Al-Awsat newspaper. Hopkins said the council was encouraging British investments in Saudi Arabia in particular, with the adoption of ...

  Reuters Libya’s Petroleum Facilities Guard (PFG) will start lifting a blockade on eastern oil terminals over the next three days, though a resumption of exports will depend on the state of the ports, a spokesman said. The PFG, which protects Libya’s oil terminals and fields, has blockaded the major eastern terminals of Ras Lanuf, Es Sider and Zueitina for ...

  Reuters The Saudi Industrial Property Authority (MODON) has inked more than 6,000 industrial, logistic and services contracts for investments that exceed SR600 billion ($160 billion) and provide job opportunities for more than 520,000 employees. Sami Al-Hussaini, official spokesperson of MODON, told Asharq Al-Awsat that factories in the industrial zones have registered a remarkable rise during 2015, in addition to ...

  Jeddah / TNS The Ministry of Environment, Water and Agriculture is planning to establish five agricultural companies in Sudan that specialize in fish farming, grain and fodder trade, animal farming and agricultural production. Sudan has allocated around one million acres for Saudi investment next to the Atbara Agricultural River, according to an executive agreement between the Saudi Ministry of Environment, ...