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DUBAI / Reuters Dubai’s DP World won a 50-year concession to develop Posorja port project in Ecuador that will require initial investment of $500 million, the ports operator said in a bourse statement on Tuesday. The initial investment “will include the purchase of land, dredging of a new access channel, a 20 km access road and a 400 metre berth ...

  ALKESH SHARMA / Emirates Business UAE’s commercial fit-out sector — which is the leading the market in the entire GCC region — is bombarded with bespoke designs that meet the discerning requirements of millennial generation. New trends have marked an end to the cubical structures donning the office corridors, and open spaces that allow free access of ideas, communications ...

  Dubai / Emirates Business Mohammed Bin Rashid Al Maktoum Foundation (MBRF) – a member of the Mohammed Bin Rashid Al Maktoum Global Initiatives – concluded the activities of the second Nobel Museum Exhibition, which was organised over nearly three months from February 21 to May 30 at Children’s City in Dubai Creek Park under the theme, ‘Exploring life: the ...

  SUNAINA RANA / Emirates Business Automotive companies are gearing up to sweep you off your feet this Holy month. Firms have come up with some of the most attractive offers as the season usually accounts for the highest percentage of sales throughout the year. Hussam Baghdadi, Sales General Manager at Infiniti of Arabian Automobiles Infiniti told Emirates Business, “The ...

  Dubai / WAM The Telecommunications Regulatory Authority’s (TRA), Computer Emergency Readiness Team, aeCERT, and the Dubai Financial Services Authority (DFSA) have signed an agreement to jointly promote information security at the DFSA and provide companies with measures to avert all forms of attacks in cyberspace. TRA will provide guidance, education and awareness about online threats, as well as assist ...

  ABU DHABI / Emirates Business Following the Ministry of Economy’s recent announcement of its plan to monitor markets and open channels of communication with consumers during the Holy Month of Ramadan, the Ministry conducted an inspection of the Al Jubail Market in Sharjah on Tuesday. The visit was led by Dr Hashim Al Nuaimi, Director of the Ministry’s Consumer ...

  DUBAI / WAM The Dubai Chamber of Commerce and Industry (DCCI) in partnership with global e-commerce platform for SMEs, Alibaba, recently conducted two workshops to emphasise the importance of business-to-business (B2B) e-commerce and to elaborate on Chamber’s role in facilitating e-commerce activities in the MENA region. The workshops, held at the Dubai Chamber headquarters, provided information about the sector ...

  Dubai / Emirates Business As part of Mashreq’s commitment to support SMEs and provide them with the state of the art banking facilities and innovation, the bank announced the launch of a new and exclusive mobile banking app for SMEs called ‘SnappBiz’. The aim of the app is to provide easier, more efficient and accessible services for SME customers ...

  DUBAI / WAM The Expo 2020 Dubai, the Mohammed bin Rashid Establishment for Small and Medium Enterprises Development (Dubai SME) and Tejari, the strategic procurement company, have signed a Memorandum of Understanding (MoU) that will broaden access for thousands of Small and Medium Enterprises (SMEs) in the emirate to tender for opportunities offered by the AED 25 billion mega-event. ...

  ALKESH SHARMA / Emirates Business Moving at a fast pace towards ensuring food security and long-term sustainability in the farm industry, UAE has taken firm strides towards organic farming. This smart switch from the traditional farming practices to organic way of cultivating is being seen as a move aimed towards devising solutions to adversities including harsh climatic conditions, saline ...