News

  Sharjah / Emirates Business Bank of Sharjah has announced its financial results for the three months ended on March 31, 2016. During the period, the Bank of Sharjah continued to grow its loan book while maintaining the solid structure of the balance sheet, with high levels of both liquidity and capital. Total assets reached AED27,651 million, an increase of ...

  Sunaina Rana / Emirates Business UAE-based automobile company, Swaidan Trading, also the exclusive distributor for Peugeot, has announced a new addition to its passenger vehicle portfolio of HAVAL SUVs. The automotive company has opened an exclusive HAVAL showroom on Sheikh Zayed Road, Dubai. Ajit Kumar, CEO of Swaidan Trading, told Emirates Business, “At Swaidan Trading, we are looking at ...

  Abu Dhabi / Emirates Business Organisers of Cityscape Abu Dhabi have reported that more than 15,000 visitors attended the three-day real estate showcase, which saw numerous property development launches, hundreds of units sold and a record turnout at the Cityscape Abu Dhabi Conference. The exhibition, held under the patronage of His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown ...

  Dubai / Emirates Business The World Bank Group’s Migration and Development April 2016 Report has positioned the GCC as a global hub of outward remittances, particularly to non-GCC Arab countries. The report, which highlights the movement of people as well as remittance flows, presents data that dovetails with internal research of UAE Exchange, the leading global remittance, foreign exchange ...

  Abu Dhabi / Emirates Business Etihad Airways, the national airline of the UAE, has announced a comprehensive new global agreement with WME | IMG to become a major long-term partner to the fashion industry by supporting 17 fashion week events around the world annually. Under the agreement, which is the first multinational, multi-year airline sponsorship supporting the fashion industry, ...

  DUBAI / WAM In his capacity as Ruler of Dubai, Vice President and Prime Minister of UAE, His Highness Sheikh Mohammed bin Rashid Al Maktoum, on Thursday issued decree No (17) of 2016 forming the Board of Directors of Meydan City Corporation. Pursuant to the decree, the new Board has been formed with Saeed Humaid Al Tayer as Chairman, ...

  SHANGHAI / WAM A delegation from Dubai Electricity and Water Authority (DEWA), headed by Saeed Mohammed Al Tayer, MD & CEO of DEWA, has begun meetings with Chinese public and private organisations. The delegation to China is building stronger ties and developing partnerships with China’s public and private sectors. This supports the Dubai Clean Energy Strategy 2050, which gives ...

  ABU DHABI / WAM On Thursday, Masdar employees and alumni gathered in Masdar City to mark ten years of achievement in advancing the clean energy industry in Abu Dhabi and around the world. Under the banner “Seizing the Next Decade,” participants were invited to reflect on Masdar’s significant and widespread impact to date and the promise of the next ...

  HANNOVER / WAM Mohammed Hilal Al Muhairi, Director- General of the Abu Dhabi Chamber of Commerce and Industry, has confirmed that the Chamber participation in the 2016 Hannover Messe International Industrial Fair in Hannover, comes as part of its strategy to promote and attract more industrial investments to the Emirate of Abu Dhabi. He said that the participation also ...

  Dubai / WAM DP World Limited handled 15.5 million TEU (twenty-foot equivalent units) across its global portfolio of container terminals during the first quarter of 2016, with gross container volumes growing by 3.7% on a reported basis, and up 2.4% on a like-for-like1 basis, DP World Chairman, Sultan Ahmed Bin Sulayem, said today during a meeting the Annual General ...