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 ...
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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 ...
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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 ...
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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 ...
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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 »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 ...
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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. ...
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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 ...
Read More »SARAJEVO, SHARJAH / WAM Air Arabia launched its inaugural flight from Sharjah to Sarajevo, capital of Bosnia and Herzegovina. The delegation on the inaugural flight was led by the Chairman of Air Arabia, Sheikh Abdullah bin Mohamed Al Thani. Flights to Sarajevo, the capital and largest city of Bosnia and Herzegovina, operate thrice weekly on Wednesdays, Fridays and Sundays, departing ...
Read More »DUBAI / WAM The Department of Oil Affairs in the Government of Dubai announced that it had notified its customers that the official price of Dubai crude oil to be delivered next June will be US$0.20 less than the average daily settlement price of the Oman Crude Oil Financial Contract in Dubai Mercantile Exchange contracts traded over the next month. ...
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