News

Dubai / EMIRATES BUSINESS AIG has won both ‘North Africa’ and ‘SME’ Insurer of the Year at the annual MENA Insurance Review Awards, the top awards ceremony for the regional industry. The MENA Insurance Review Awards recognise insurers, reinsurers and brokers that have demonstrated exceptional customer service and innovative product development over the previous year. Michael Jensen, AIG’s regional Managing ...

RITIKA SHARMA / EMIRATES BUSINESS Fine dining or full service shares a huge 70 percent share in the overall UAE food and beverages (F&B) market. The F&B sector is set to grow by around 4-6 percent annually to US$13.2 billion in 2018 according to reports. A KPMG report says the market, valued at US$11.7 billion in 2015, is predicted to ...

Sharjah / WAM A 27-member Japanese trade delegation recently visited Sharjah Airport International Free Zone – SAIF Zone- to explore the investment opportunities in the region and to strengthen economic relations between SAIF Zone and Japan traders. The delegation consisted of members from The RUM Alliance (Re-Use Motorization Alliance) was led by Norihiko Kondo and held discussions with Raed Bukhatir, ...

ALKESH SHARMA / EMIRATES BUSINESS Technology is developing fast in the Emirates, offering one or the other novel marvel to mankind with each passing day. This certainly calls for maintaining an equal pace with rapidly-emerging technology and for an immediate need to look beyond the existing thresholds. It is also of utmost importance to find out more innovative discoveries from ...

DUBAI / EMIRATES BUSINESS With 33,516 BMW and MINI cars sold across 12 countries and an increase of 11 percent in sale over 2-14, the BMW Group is looking forward to another positive year in the Middle East. The UAE market has been on a roll in terms of sales with 20,090 cars delivered to customers across all the Emirates ...

Dubai / Emirates Business Emirates Integrated Telecommunications Company’s (du) share hit the highest level in one year and a half, amid expectations the company would raise foreign ownership ceiling to be listed onthe MSCI Emerging Markets Index. The share rose 6.54%, the best performance since late June 2014 when it Jumped 7.6%. Arqaam Capital expected du to be the next ...

Dubai / Emirates Business du has announced that during this year’s Special Numbers Auction, which is being organised in collaboration with Online Auctions, a total of 50 exclusive packages in four different categories will be up for grabs. These categories include Auction Gold, Auction Diamond, Auction Platinum and Auction Platinum Plus. The event takes place on February 6, 2016 at ...

Abu Dhabi / WAM The Ministry of Economy and the Mohammed bin Rashid Al Maktoum Foundation have signed a Memorandum of Understanding that will see the two sides cooperate in supporting research and development, publishing, translation, and developing public awareness by issuing books and organising cultural events mutually beneficial to both sides. Under the MoU, entitled, ‘Reading is a Catalyst ...

Abu Dhabi / EMIRATES BUSINESS ’Pakistan-based JS Bank has officially opened its first branch office outside of its home country, in the Kingdom of Bahrain, targeting the GCC, and eventually the wider Middle East and North Africa (MENA). The announcement follows the awarding of a wholesale conventional banking license to JS Bank by the Central Bank of Bahrain (CBB) last ...

Abu Dhabi / EMIRATES BUSINESS The Abu Dhabi Education Council (ADEC) and Mubadala Development Company (Mubadala), the Abu Dhabi-based investment and development company, has announced the commencement of Live Science, a joint initiative to bring together aspiring engineers, scientists and curious UAE youth. Live Science launched at Mushrif Central Park in Abu Dhabi. The event welcomes Abu Dhabi’s youth to ...