News

  Manama / TNS Bahrain has attracted $110 million in investments and created 1,200 jobs since the beginning of the year, a top official has revealed. However, the aim is to attract double that amount by the end of the year, said Economic Development Board chief executive Khalid Al Rumaihi. “We think we’ll achieve that,” he said at a media ...

  Abu Dhabi / Emirates Business Etihad Cargo, the freight division of Etihad Airways, has been successful at the Air Cargo Week Awards in Shanghai winning the coveted ‘Cargo Airline of the Year’ award. This is the second successive year that the airline has won the award, having collected it in Munich in 2015. The annual awards are voted by ...

  Dubai / WAM In his capacity as Ruler of Dubai, Vice President and Prime Minister of UAE, His Highness Sheikh Mohammed bin Rashid Al Maktoum, issued Resolution No (8) of 2016, adding new land plots to the freehold area in Dubai World Central available for non-UAE nationals in Dubai. The decision grants non-UAE nationals the rights to absolute ownership, without ...

  Dubai / Emirates Business The UAE Ministry of Economy organized on Monday an inspection of the Emirates Cooperative Society-Al Twar branch in Dubai as part of its ongoing program of declared visits to various markets in the UAE during the Holy Month of Ramadan. The inspection was led by Dr. Hashim Al Nuaimi, Director of the Ministry’s Consumer Protection ...

  Dubai / WAM The Dubai Chamber of Commerce and Industry has unveiled its newly-redesigned website, which they say is business-friendly, innovative, accessible and smart. The upgraded website supports browsing via all smart devices. It is more user friendly, and offers value-added services and much faster browsing for Dubai and the region’s business community as all the content can be shared ...

  Abu Dhabi / WAM Sheikha Lubna bint Khalid Al Qasimi, Minister of State for Tolerance, stressed the UAE leadership’s keenness to make the UAE a global model and cradle of humanitarian co-existence, culture and communication. She said this has been confirmed by the annual Global Competitiveness Report, where the UAE is ranked third globally in 2016 and eighth in 2015, ...

  Dubai / Emirates Business Honeywell (NYSE: HON) on Monday announced the results of a first of a kind thermostat pilot program in Sharjah, United Arab Emirates, that indicates mosques in the Middle East have the potential to cut their energy consumption by more than one-third through the use of “smart” thermostats. Honeywell’s VisionPRO 8000 thermostat for mosques, designed with ...

  Abu Dhabi / Emirates Business As the region’s 2015/2016 cruise season has come to a close, Abu Dhabi Ports, (ADP) the master developer, operator and manager of ports and the Khalifa Industrial Zone in the Emirate, released its best ever Cruise Terminal performance figures. With an increase of 16% in passengers and 20% increase in vessel calls, the state-of-the-art Abu ...

  Abu Dhabi / Emirates Business Gulf Islamic Investments LLC (‘GII’), a UAE based Islamic financial services company, on Monday announced that it advised/ acquired on behalf of its Investors, a Class A Commercial Building ‘3501 Corporate Parkway’ situated in Center Valley (Allentown) Pennsylvania, United States of America. The building was constructed in 2006, on approximately 60,000 square feet plot ...

  Dubai / Emirates Business Ramadan is known as the holy month of giving – a fact echoed by 69% of UAE expatriates who spend more on charitable acts during the month. The results come from a GCC survey conducted on expatriate behaviour and spending habits during Ramadan by Xpress Money, one of the most dependable money transfer brands in ...