News

  Abu Dhabi / Emirates Business The Abu Dhabi National Exhibitions Company (ADNEC) announced that the newly appointed Board of Directors will focus on supporting the company’s core business activities and future programmes, enhancing the venue’s competitiveness and ability to attract more leading regional and international events to Abu Dhabi. The announcement was made following a resolution issued by His ...

  DUBAI / Emirates Business The Ministry of Climate Change and Environment signed a Memorandum of Understanding (MoU) with the Dubai Land Department (DLD) on the development of customer services. The signing took place while His Excellency Dr Thani Ahmed Alzeyoudi, Minister of Climate Change and Environment visited the DLD headquarters, and met His Excellency Sultan Butti Bin Mejren, Director ...

  Dubai / Emirates Business The UAE Water Aid Foundation (Suqia)’s board of trustees held its 7th meeting at Dubai Electricity and Water Authority (DEWA)’s headquarters. Suqia is one of the Mohammed bin Rashid Al Maktoum Global Initiatives. The meeting was chaired by HE Saeed Mohammed Al Tayer, Chairman of the board of trustees of Suqia, and attended by HE ...

  Abu Dhabi / Emirates Business Reem Mall, Abu Dhabi’s new up and coming entertainment, dining and shopping destination, has announced Carrefour as the Hypermarket operator in the US$ 1 billion project located on Abu Dhabi’s master planned development Reem Island. Carrefour, operated by Majid Al Futtaim Retail, the retail arm of Majid Al Futtaim, the leading shopping mall, retail ...

  Bloomberg Britain’s referendum on EU membership entered its final day of campaigning with opinion polls and financial markets at odds about the likely outcome. Money has piled into bets on “Remain” winning over the past week. The pound has surged to a five-month high and an index of betting flows compiled by Oddschecker shows the chance of Brexit has ...

  Bloomberg Paintings by Pablo Picasso and Amedeo Modigliani gave the auction market a much-needed boost on Tuesday when they fetched the highest prices for Sotheby’s in London since 2010. Picasso’s 1909 Cubist painting “Femme Assise” sold for £43.3 million ($63.5 million), surpassing the estimated target of £30 million. Moments later, Modigliani’s “ Jeanne Hebuterne (au Foulard)” took £38.5 million, ...

  London / AFP Bosses from more than half of Britain’s biggest companies on Wednesday urged Britons to vote Remain on the eve of a critical EU membership referendum. Almost 1,300 business executives — including those from 51 of London’s top FTSE 100 listed companies —wrote in a letter to The Times newspaper that Britain leaving the EU could cause ...

  Bloomberg The U.K. could find itself hard pressed to replicate access to Asia’s lucrative markets — from New Zealand to India — should voters in the world’s fifth-biggest economy opt to leave the EU. With Asia accounting for two-thirds of global growth, the U.K.’s trade ties with the region are crucial for it. While some politicians such as Boris ...

  ALKESH SHARMA / Emirates Business Cloud computing is the new means for companies to ensure success and beat the throat-cut competition in UAE’s burgeoning business ecosystem. Not only big enterprises but SMEs (small and medium enterprises) and start-ups also are harnessing wonders of the clouds to optimum levels in order to scale new heights. “There are many secure platforms ...

  Sunaina Rana / Emirates Business With the UAE rapidly progressing towards smarter cities, smart transportation has become an innovative platform which could enhance safe riding and smooth traffic flow. In a similar move, Dubai Government is all set to adapt the latest technology and promote smart buses and smarter transport system in the Emirate. Safder Nazir, vice president of ...