Emirates Business The 2016 edition of the annual Young Entrepreneur Competition, held under the patronage of His Highness Sheikh Hamdan Bin Mohammed Bin Rashid Al Maktoum, Crown Prince and Chairman of the Executive Council of Dubai, will begin at Dubai Festival City Mall on the March 30. Organised by Dubai SME, the agency of the Department of Economic Development mandated ...
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An app that gives tech-vision to the blind
Alkesh Sharma / Emirates Business Imagine a day with low-vision or totally blind. How would you pair your outfit, choose your coffee brand at the supermarket or check the change at the grocery store? For 285 million people suffering from vision problems worldwide (as per the International Agency for the Prevention of Blindness), these everyday tasks are really gruelling. This ...
Read More »GCC could become world’s 6th largest economy by 2030
Emirates Business According to EY’s latest Growth Drivers report ‘Strength in unity’, if the GCC were to become one single market instead of six separate ones today, it would be the ninth largest economy in the world today – similar in size to Canada and Russia and not far from India. If it is able to keep growing at an ...
Read More »GCC banks’ revenue growth rate plunges in 2015
Emirates Business According to a new study by The Boston Consulting Group (BCG), the banking industry in the GCC grew at a lower rate in 2015 than it did in 2014 with just a 7.2 percent increase, stemming almost exclusively from major customer segments such as retail and corporate banking. Based on the banks’ 2015 annual results released in the ...
Read More »Drake & Scull Rail bags Doha Metro Phase 1 contract
Emirates Business Drake & Scull International PJSC (DSI) — a regional market leader in the integrated design, engineering and construction disciplines of General Contracting, Mechanical, Electrical and Plumbing (MEP), Water and Power, Rail, and Oil and Gas, and Water and Wastewater Treatment — has announced that the Fujita Corporation has awarded Drake & Scull Rail (DSR) a QR 340 Million ...
Read More »UAE, Russia to boost trade ties
Moscow / WAM His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, on Thursday discussed with President of Russia Vladimir Putin ties of friendship and co-operation between the two countries. They also tackled overall regional and international issues of mutual interest. Putin welcomed Sheikh Mohamed, expressing his ...
Read More »Dubai Tourism, DED tie up to safeguard Dubai logo
Dubai / Emirates Business Dubai’s Department of Tourism and Commerce Marketing (Dubai Tourism) is collaborating with the Department of Economic Development (DED) in Dubai to officially implement and regulate the terms of use for the Dubai brand logo. The use of the Dubai brand logo across any activity must be approved by Dubai Tourism, through the application of a consent ...
Read More »Call to use new tech for biz efficiency
Dubai / WAM The 5th Dubai Hamburg Business Forum organised in Dubai by Dubai Chamber of Commerce and Industry on March 22, concluded with a call to make use of the latest developments in technology and innovation to enhance efficiency of business in various sectors. Organised under the theme, ‘The Internet of Things – Innovation to Connect’, the forum was ...
Read More »Etihad launches ‘accounting centre of excellence’ in Al Ain
ABU DHABI / WAM Etihad Airways, the national airline of the United Arab Emirates, announced the official opening of its dedicated Revenue Accounting Centre of Excellence in Al Ain. The centre, known as Global Business Service Solutions (GBSS), aims to become a pioneer in revenue accounting whilst creating long-term economic value for Al Ain and the emirate of Abu Dhabi. ...
Read More »Sharjah Tourism at ‘Moscow Exhibition’
SHARJAH / WAM The Sharjah Commerce and Tourism Development Authority (SCTDA) is participating for the seventh year in a row in the Moscow International Travel and Tourism Exhibition (MITT) from March 23-26, at the Expocentre Fairgrounds in Moscow, Russia. The SCTDA is leading the Sharjah delegation which includes representatives from each of the Sharjah Airport Travel Agency, Sharjah International Airport ...
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