News

Etisalat to offer prepaid customers free data for outgoing calls

Abu Dhabi / Emirates Business Etisalat on Saturday announced a new promotion, providing its Wasel prepaid customers 1 MB free data for every minute of their mobile voice call. Addressing the growing demand for data among all segments in the UAE, the new offer gives customers 1 MB of free data for every minute of outgoing local or international voice ...

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ADX campaign to attract foreign investment ends on a high note

Abu Dhabi / WAM As part of its efforts that are geared toward achieving one of its main strategic objectives, and in support of Abu Dhabi Government’s Economic Vision 2030 that aim to attract foreign investment, Abu Dhabi Securities Exchange (ADX) has concluded its annual promotion campaign for the current year of 2016. The campaign was held for two days ...

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‘75% registered labour contracts are non-fixed term’ : Bin Deemas

Abu Dhabi / WAM The Ministry of Human Resources and Emiratisation announced recently a vast diversion towards non-fixed term contracts between both production parties hitting 75.53 percent of the total number of newly issued and renewed contracts for the past two months. This came following a recent study issued by the Ministry to follow-up on the three new decrees issues ...

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EBWC, ADBWC sign MoU to train, rehabilitate women entrepreneurs

Abu Dhabi / Emirates Business The Abu Dhabi Businesswomen Council (ADBWC) and the Emirates Businesswomen Council (EBWC) signed an agreement with Van Cleef & Arpels at the Chamber’s Tower in Abu Dhabi to provide training and rehabilitation programs for Emirati women entrepreneurs at Van Cleef & Arpels in France and its main branches across the globe. Her Excellency Mariam Mohamed ...

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10th edition of Almas Bazar Exhibition begins in Dubai

Dubai / WAM Sheikha Fatima Bint Hasher bin Dalmouk, President of Sawaed Al Khair Foundation, opened the 10th edition of Almas Bazar Exhibition. The special annual women’s exhibition took place at The Address Dubai Mall hotel, and will continue till March 13. The exhibition, which was graced by many social representatives, celebrities, wives of consuls, designers, and artists, celebrated ten ...

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YPO’s annual EDGE conference concludes in Dubai

Dubai / Emirates Business Young Presidents’ Organization (YPO), the world’s premier network of chief executives and business leaders, concluded its flagship event, YPO EDGE, in Dubai, where it hosted more than 2,400 senior business leaders from more than 90 countries. Change agents and industry disruptors from different fields shared innovative ideas and business models at the 2016 YPO EDGE. From ...

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Battle for Aman Resorts spills over to NY

Bloomberg A battle over 27 of the world’s most luxurious resorts spilled over into a Manhattan bankruptcy court the day after a U.K. court approved a settlement involving two former business partners — American entrepreneur Omar Amanat and Russian-born real estate developer Vladislav Doronin. British Virgin Islands-based Aman Resorts Group Ltd., or ARGL, filed a lawsuit in New York blaming ...

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Shanghai authorities discuss ways to cool property

Bloomberg Shanghai authorities held a meeting to discuss measures to cool a surge in property prices after recent frenzied residential homebuying, according to people familiar with the matter. The municipal government’s National Development and Reform Commission held discussions with regional authorities from the People’s Bank of China (PBOC) and the China Banking Regulatory Commission (CBRC) , said the people, who ...

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Manhattan luxury rental prices fall as condo buyers seek tenants

Bloomberg At One Riverside Park, a new luxury-condo tower on Manhattan’s Upper West Side, a never-lived-in four-bedroom apartment is available for rent at $22,995 a month, about $2,000 less than the owner was seeking in January. The 2,830-square-foot (260-square-meter) dwelling, with floor-to-ceiling windows and panoramic views of the Hudson River, has competition for tenants. Forty-five percent of the 161 units ...

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New pact to drive Abu Dhabi Desert Challenge

Dubai / Emirates Business Makers of luxury superyachts must change the way they do business in order to survive in today’s challenging economic environment, according to Gulf Craft CEO Erwin Bamps. Speaking on the sidelines of the Dubai International Boat Show (DIBS), Bamps said superyacht businesses must redirect their focus from one that is product oriented and focused on acquiring ...

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