News

Abu Dhabi / WAM HH Sheikh Hazza bin Zayed Al Nahyan, Deputy Chairman of Abu Dhabi Executive Council, today opened the 10th edition of the Cityscape Abu Dhabi at the Abu Dhabi National Exhibition Centre (ADNEC). Held under the patronage of His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE ...

DUBAI / WAM Dubai Electricity and Water Authority (DEWA) signed a Memorandum of Understanding, MoU, with SAP, the German multinational software corporation that makes enterprise software, at the Dubai International Government Achievements Exhibition (DIGAE) 2016, held from April 11-13 at the Dubai International Convention and Exhibition Centre under the patronage of Vice President and Prime Minister and Ruler of Dubai ...

DUBAI / Emirates Business The second and final day of the 11th annual World Takaful Conference (WTC) built on Monday’s highly impactful critical discussions on the state and future of the global Takaful industry. Convened by Middle East Global Advisors and in strategic partnership with the Dubai International Financial Centre (DIFC) Authority, WTC is held under the theme “Prudent Practices ...

Dubai / WAM Retailing in the UAE is expected to reach AED 200 billion by 2017, growing by a 5% on average each year, according to an analysis by the Dubai Chamber of Commerce and Industry. Consumer spending is also expected to continue rising in the medium-term, with growth rates projected to stabilize at about 4% on average per year ...

Sunaina Rana / Emirates Business As the Emirates is heading to the new high-tech world with smart cities, smart homes and now new ViP (Vehicle Identification Pass) technology gas stations. The new innovative technology comes with secured electronic chip that will be placed on top of the fuel tank gasket of the vehicle. After the chip is installed and activated, ...

CAIRO / WAM Emirates NBD affirmed its commitment to supporting mega national projects and securing the necessary financing, thus contributing to the Egyptian economy’s development and boosting production in light of the bank’s expansion plan in the Egyptian market. Emirates NBD Egypt signed a EGP2 billion (AED287mn) facility contract with the Egyptian Electricity Holding company during a signing ceremony at ...

Sharjah / Emirates Business Sharjah Commerce and Tourism Development Authority (SCTDA) is participating in the China Outbound Travel and Tourism Market (COTTM) for the third consecutive year. The leading exhibition, now in its 12th year, starts in the Chinese capital Beijing on April 12, and will run until April 14. SCTDA’s presence at COTTM 2016 comes as part of the ...

Beijing / Bloomberg Alibaba Group Holding Ltd. is making its largest overseas investment with a $1 billion deal for control of Lazada Group SA, taking the Chinese e-commerce giant to Southeast Asia and closer to a goal of shedding its home-market reliance. China’s largest online emporium will pay $500 million for new shares in the closely held company and purchase ...

HONG KONG / AP Industry data show that Chinese auto sales rose by nearly 10 percent last month, led by strong demand for SUVs that more than offset slipping passenger car sales. The China Association of Automobile Manufacturers said Tuesday that 2.06 million sedans, SUVs and minivans were sold in March in the world’s biggest auto market. That’s 9.8 percent ...

Singapore / AFP Crude prices dipped in Asia on Tuesday but held above $40 as traders awaited a summit of key oil producers next week to discuss freezing output and easing the supply glut. Analysts said prices were expected to see-saw before Sunday’s meeting in the Qatari capital Doha that will bring together both OPEC producers led by Saudi Arabia ...