News

Dubai / Emirates Business LBC Express Inc., the Philippines’ leading courier and cargo solutions provider, is planning to further expand to the UAE and across the Gulf Cooperation Council (GCC) region after the opening of its new and bigger warehouse in Dubai. The company has opened an 11,700 square feet warehouse in Al Qouz, Dubai to serve one of the ...

ABU DHABI / Emirates Business A major retail development on Al Reem Island has been granted detailed approval by the Abu Dhabi Urban Planning Council (UPC) in Q4 2015. The 27 projects and master plans approved in Q4 brings the total number awarded detailed approval in 2015 to 101, with a gross floor area (GFA) of 13.58 million meter-square — ...

Dubai / Emirates Business The Annual Dealer Meet organised by Total Marketing Middle East (TMME) — a subsidiary of Total — saw more than 150 dealers from across the UAE participating. The meet began with a warm welcome message from David Kalife, the Managing Director of TMME, in which he reiterated Total’s trust in its partners and thanked them for ...

Abu Dhabi / Emirates Business Middle East and Africa (MEA) PC market suffered a 28.7 percent year-on-year slump in shipments in the final quarter of 2015, according to the latest insights from global technology research and consulting firm International Data Corporation (IDC). Shipments fell for the third consecutive quarter in Q4 2015, with the decline representing the steepest ever recorded ...

Dubai / WAM Vice President and Prime Minister of UAE and Ruler of Dubai, His Highness Sheikh Mohammed bin Rashid Al Maktoum, on Monday inaugurated the Annual Investment Meeting, AIM 2016, at the Dubai International Convention and Exhibition Centre. The event was attended by representatives of official delegations from more than 140 countries, reaffirming the robustness of the UAE economy ...

ABU DHABI / WAM Estimates of 2015 total direct foreign investment(FDI) in the Emirates of Abu Dhabi showed a growth of 8.9% to reach AED 88.324 billion against AED 81.112 billion in 2014. 18.9% or AED 16.710 billion of these direct foreign investments went to the manufacturing industries in 2015, with a 7.8% growth rate, against AED 15.502 billion and ...

ABU DHABI / wam Aldar Properties, in response to strong demand for a villa development that is available for purchase by all nationalities, is delighted to announce the launch of Yas Acres. This golf and waterfront development which will add 1,315 villas to Yas Island, is one of the most significant new residential developments to be launched in Abu Dhabi ...

ABU DHABI / WAM Airbus, manufacturer of the flagship A380 aircraft, presented Etihad Airways, the national airline of the United Arab Emirates, with the prestigious award for the best ‘Operational Reliability Performance’ in the first year of A380 operations. The Etihad Airways A380 fleet recorded an extraordinary 99.8 per cent operational reliability between January and December 2015. This is the ...

ABU DHABI / WAM Scientists at the Masdar Institute of Science and Technology and the Massachusetts Institute of Technology, MIT, have built a new tool that may give a critical boost to the development of sustainable infrastructure in Abu Dhabi – an important topic that will be highlighted by a group of industry experts, developers, investors and government officials who ...

Alkesh Sharma / Emirates Business Unaffected by the recurrent economy fluctuations, residential sales market remained largely muted during the first quarter of 2016 in Abu Dhabi. Realtors in the Emirates capital experienced weak appetite for property purchases that was in tandem with overall market sentiment in the region. These startling findings have been revealed by CBRC Group in its recent ...