News

OUR CORRESPONDENT / Emirates Business Bahrain’s Al Abraaj group, a leading investor operating in global growth markets, announced their first venture in the UAE, with YaSalam! Restaurant in Jumeirah Lake Tower, Dubai. As the economy of F&B industry in the UAE is undergoing a significant growth, it has been estimated that the industry is to witness 1,600 new F&B outlets by ...

Abu Dhabi / EMIRATES BUSINESS Khalifa University and the Global Education Energy Environment (Global EEE), in cooperation with Launchpad, announced the 2016 Global Hybrid-Electric Challenge, which will debut to feature electric cars built by students on April 7 to 9 at the Al Forsan International Resort in Abu Dhabi. In two Grand Prix races, 17 teams from universities around the ...

Abu Dhabi / Emirates Business Abu Dhabi Tourism and Culture Authority (TCA Abu Dhabi) will be joined by key attractions and hotels at the World Travel Market Africa 2016 (WTM Africa) to capitalise on the surging growth in visitor numbers from the country into the emirate. Since TCA Abu Dhabi opened an office in Johannesburg, South Africa, last year to ...

ABU DHABI / WAM Senaat General Holding Corporation (Senaat), a leading industrial holding company in Abu Dhabi, recorded a strong performance for the year, registering revenues of approximately AED 14.04 billion for FY 2015, a 5 per cent increase from AED 13.42 billion in revenues achieved in FY 2014. The increase in revenues reflects a stronger commercial performance across the ...

SHARJAH / WAM The most effective ways of enhancing business between Sharjah and Portugal were high on the agenda at a key meeting organised by Sharjah Investment and Development Authority (Shurooq) in collaboration with AICEP Portugal Global Trade and Investment Agency. More than 50 business stakeholders attended the premium roundtable event, which was held at Sharjah Chamber of Commerce and ...

ABU DHABI / WAM Masdar City in Abu Dhabi, one of the world’s most sustainable urban developments, will undergo significant expansion over the next five years driven by its emergence as a hub for R&D and the commercialisation of clean technologies. “Around 35% of the planned built-up area will be completed over the next five years – up from 5% ...

DUBAI / WAM Saeed Mohammed Al Tayer, MD and CEO of Dubai Electricity and Water Authority (DEWA), inaugurated one of the largest single-rooftop arrays in the Middle East and North Africa, a 1.5 megawatt direct current (MWdc) photovoltaic generation project at Jebel Ali Power Station (JAPS), and successfully connected it to DEWA’s grid. This supports the Shams Dubai initiative, which ...

PARIS / WAM Obaid bin Humaid Al Tayer, Minister of State for Financial Affairs, participated in the G20 high level seminar on international financial architecture held in Paris under the slogan “From Nanjing to Paris”, where speakers addressed the most important evolutions of the international monetary system, including the IMF’s recent decision to include official currency of the People’s Republic ...

Dubai / Emirates Business The Arab Bank for Investment and Foreign Trade (‘Al Masraf’), one of the UAE’s premier banking institutions, has announced that its Human Resources (HR) Department has been certified to ISO 9001:2015 by ABS Quality Evaluations-USA. The recognition affirms the department’s exceptional ability to consistently develop and manage Human Capital to achieve the bank’s Vision, Mission and ...

ABU DHABI / WAM Abu Dhabi City Municipality (ADM) unveiled the layout of 20 sites for children playgrounds to be constructed within parks during 2015-2016 at a cost of more than AED 30.542 million, spanning an area of over 14,000 square meters under the infrastructure projects in Abu Dhabi Mainland – North. These projects, which come as part of the ...