News

  Abu Dhabi / Emirates Business Young ADIPEC, the annual youth outreach initiative by the Abu Dhabi International Petroleum Exhibition and Conference (ADIPEC), has announced it is partnership with the Abu Dhabi Education Council (ADEC) as part of government efforts to cultivate the next generation of home-grown energy professionals. The first-time cooperation between the two entities will enable Young ADIPEC ...

  Sunaina Rana / Emirates Business The UAE, with its rapidly-growing infrastructure and socio-economical factors, has been ranked among the most attractive retail markets around the globe. Tourism in the country also plays a vital role in promoting its retail sector, say experts. A surge in the number of high-end retail malls has also proved lucrative, bringing in foreign investors. ...

  Dubai / Emirates Business Arabian Falcon Holidays (AFH), the largest independent timeshare player in the Middle East, has recently hosted a delegation from the African travel industry at The Bonnington Jumeirah Lakes Towers as part of the mega familiarisation trip organised by Dubai’s Department of Tourism and Commerce Marketing (DTCM). AFH extended a site visit of the accommodation options ...

  Dubai / Emirates Business Abu Dhabi Airports has announced that it has completed the final de-propping of the last arch in the roof of the new Midfield Terminal Building (MTB), meaning that the structure is now completely self-supporting. The de-propping took three days and 90 jacking points were used around the building for support while the process was underway. ...

  Dubai / Emirates Business Dubai and Abu Dhabi have been ranked the most expensive cities to live in across the Middle East, according to Mercer’s 2016 Cost of Living Survey. The global rankings see Dubai as the 21st most expensive city in the world, a rise of two places in comparison to last year, with Abu Dhabi, 25th in ...

  Dubai / Emirates Business Following a string of recent awards for its funding activities and treasury practice, Etihad Airways swept top honours at the Treasury Today Adam Smith Awards in London. Etihad Airways’ treasury team collected the highest honour, winning the Top Treasury Team Award for overall excellence. The team also picked up the awards for Best Financing Solution ...

  Beijing / Bloomberg Tencent Holdings Ltd. will lead an $8.6 billion acquisition of gamemaker Supercell Oy, getting its hands on some of the industry’s most popular mobile titles through potentially its largest-ever overseas deal. China’s largest internet company is leading a group that will buy 84 percent of Supercell, including shares held by SoftBank Group Corp. and current and ...

  Sydney / AFP A huge cattle station that pours sediment into the Great Barrier Reef was bought on Wednesday by the government as efforts are stepped up to help the World Heritage site bounce back from mass bleaching. Global warming has been wreaking havoc on the reef, contributing to an unprecedented bleaching event this year that saw much of ...

  Singapore / AP Singapore’s central bank said Wednesday it will make financial investments in the Chinese yuan as part of its official foreign reserves from June, reflecting the currency’s increasing international acceptance. The Monetary Authority of Singapore (MAS) said its decision “recognises the steady and calibrated liberalisation of China’s financial markets, and the growing acceptance of (yuan) assets in the ...

  New Delhi / AFP The gleaming glass atriums and blue-clad “geniuses” that herald the arrival of an Apple store could soon be landing in India, after the government cleared the way for it to open in the rapidly growing smartphone market. Before now, the Silicon Valley giant has been just a bit-player in the country of 1.2 billion, selling ...