News

Dubai / WAM Sultan bin Saeed Al Mansouri, UAE Minister of Economy, has hailed the UAE, as a safe and sought-after investment magnet, due to its security and safety elements and political stability, in the midst of the region’s political and economic tensions. He further said that the UAE’s advanced infrastructure and strong legislative system has boosted its position as ...

DUBAI / WAM Empower, the world’s largest district cooling services provider, has been awarded the Dubai Chamber CSR Label honoring its sustainable and responsible corporate operations and its role in serving society. The company was awarded the label at an event held at Dubai Chamber’s headquarters. “This achievement reflects the excellence of social practices at Empower and our focus on ...

ABU DHABI / WAM Etihad Airways, the national airline of the United Arab Emirates, has announced an enhanced agreement with Citi as its international cash management bank partner. The new mandate, covering Etihad Airways’ worldwide operations outside the GCC, will enable the airline to leverage Citi’s substantial investment in financial technology to further develop its cash management operations and help ...

DUBAI / WAM The World Organisation of Racing Drones (W.O.R.D) has announced the World Drone Prix Dubai 2016 will be held under the patronage of HH Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, on March 11-12 at Skydive Dubai. Sheikh Hamdan released a video on Instagram featuring a McLaren supercar competing against a racing drone ...

Dubai / WAM The Dubai Chamber of Commerce and Industry (DCCI) has announced on Sunday its collaboration with American computer giant, International Business Machines Corporation (IBM), to launch the ‘Dubai Digital Entrepreneurship Hub’, an online community that will support Dubai’s technology and startup ecosystem. The Dubai Digital Entrepreneurship Hub will connect startups, entrepreneurs, developers, venture capitalists and students so that ...

ABU DHABI / Emirates Business A Saudi-UAE alliance involving a group of companies has submitted a request to the Economic Commission of the Suez Canal to obtain 5 million square feet to establish a US$3bn industrial city, according to Saudi Arabian newspaper, the Arab News. The alliance’s representative, Ahmed Sabri, said the industrial city would have factories to manufacture various ...

Bloomberg Abu Dhabi stocks entered a bull market, leading Mideast gauges higher, as rising oil prices added to growing bullish sentiment across global equities. The ADX General Index climbed 3.1% at the close, extending the longest winning streak this year and taking gains since a Jan. 21 low to 22%. Dubai’s DFM General Index, which entered a bull market last ...

ABU DHABI / WAM A portfolio of leading hotels, resorts, tour operators and attractions representing Abu Dhabi’s tourism industry will travel to Berlin, Germany to showcase the best of the emirate at one of the world’s largest travel trade exhibitions. Led by Abu Dhabi Tourism and Culture Authority, TCA Abu Dhabi, more than 50 partners and stakeholders will join the ...

Abu Dhabi / WAM The Central Bank of the United Arab Emirates has announced that it will put a new AED200 denomination currency note into circulation on Monday, reprinted with tactile marks for the blind and sight impaired. The tactile feature on the AED200 note consists of a pair of two horizontal lines, separated by a recognisable distance, around the ...

SHARJAH / WAM Sharjah Airport International Free Zone, SAIF ZONE, has upgraded its website, allowing visitors to navigate the website in nine international languages, as part of its major investment into the free zone’s online marketing activities. The user and search engine friendly website is now available in Arabic, English, French, Spanish, German, Italian, Russian, Japanese and Chinese languages. “This ...