News

  ABU DHABI / Emirates Business The World Trade Organization (WTO) commended the important role played by the UAE in global trade and its commitment to the principles of the multilateral trading system, as well as the adoption of economic policies for promoting efficient trade movement locally, regionally and internationally which have made the country an important global trade hub. ...

  DUBAI / Emirates Business Artistic, inspiring and impressively modern, the first-ever ‘She’s Mercedes’ event in the region was hosted by Gargash Enterprises at the Leila Heller Gallery recently, devoted to encourage, connect and empower local women to unleash their best. Bringing together various communities of professionals, She’s Mercedes celebrates exceptional personalities who share exclusive insights and pioneer pushing the ...

  ABU DHABI / WAM Etihad Airways, the national airline of the United Arab Emirates, appointed UAE nationals as Airport Managers in South Korea, Seychelles, and Saudi Arabia. This brings to eight the number of Etihad Airways’ Emirati Airport Managers across the world. Fatima Al Hashemi has been appointed Airport Manager for Incheon, South Korea (ICN). Yousuf Mohammed has been ...

  OUR CORRESPONDENT / Emirates Business Cyber threats have emerged as one of the main maladies that UAE’s enterprises are facing at this moment. Not only IT companies but also conventional industries like retail, logistics and even manufacturing are bearing the brunt of cyber threats. In one of its recent cyber security poll, DarkMatter, a leading IT-giant of the region, ...

  ALKESH SHARMA / Emirates Business Enthused with many positive stimuli, the Muslim Travel market is estimated to grow to 150 million visitors by 2020 with an expenditure projected to surge to $200 million. Travel industry pundits predict that the whopping growth of Muslim travel market is significantly contributing to the enhanced demand from this segment in other sectors including ...

Dubai / Emirates Business The World Environment Day was marked by the introduction of an online sustainability self-assessment tool. The tool by Dubai Carbon aims to enable entities to understand their current sustainability efforts, economically, socially and environmentally, and from there, use this knowledge to benchmark against peers and achieve better environmental credentials. It covers a multitude of sectors and ...

  Dubai / Emirates Business Dubai Culture and Arts Authority (Dubai Culture) recently organised an educational workshop dedicated to work towards both understanding and implementation of the Fourth Generation of the Government Excellence System. This is in line with His Highness Sheikh Mohammed bin Rashid Al Maktoum, UAE Vice-President and Prime Minister and Ruler of Dubai’s vision to Excellency in ...

  ALKESH SHARMA / Emirates Business The Middle East remains a key market for the growth of global yacht industry. According to well-placed survey reports, nearly 55 percent of region’s ultra-wealthy buy superyachts, and it is the highest proportion of any global market. “The 55 percent ‘propensity to buy’ for the Middle East is the highest of all regions,” said ...

  RITIKA SHARMA / Emirates Business As the Small and Medium Enterprise (SME) industry takes center-stage in the economy of the UAE, entrepreneurs are looking for fresh territories to venture into and start their businesses. According to a recent report that accessed the industries explored by budding entrepreneurs in the GCC region, Finance and Technology (Fintech) and e-commerce have emerged ...

  Bloomberg Federal Reserve Bank of Boston President Eric Rosengren said he expects U.S. economic conditions to continue improving, making further rate increases appropriate, although it will be important to see whether a weak employment report for May proves to be an anomaly. “Lately the economic data have been choppy,” Rosengren said in the text of a speech prepared for ...