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Luxembourg to participate in Expo 2020 Dubai

  Dubai / WAM Expo 2020 Dubai announced on Monday Luxembourg as one of the first countries to formally confirm its participation, raising to 70 the national commitments received from countries from all around the world. The agreement was made at a meeting with HH Sheikh Ahmed bin Saeed Al Maktoum, Chairman of the Expo 2020 Dubai Higher Committee, during a ...

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‘UAE-India foreign investment sees sharp rise’

  Dubai / Emirates Business A high profile delegation comprising 25 delegates from Thrissur Chamber of Commerce, India, under the leadership of its President TS Pattabhiraman, Chairman and Managing Director, Kalyan Silks held a high level discussion with officials from Dubai Chamber of Commerce on Monday in Dubai. Announcing this in a press release, Pattabhiraman said that the team from ...

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Region’s retail industry poised to grow 7-12 percent annually

  Dubai / Emirates Business Despite a softening in some markets of the GCC construction sector, and slow global oil price recovery, retail industry in the region is expected to see yearly growth between 7 to 12 percent, this on the back of expansions in leisure facilities like theme parks, new malls, as well as mega events like Expo 2020, ...

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Seaborne oil trade grows 4.7% despite low oil prices

  Dubai / Emirates Business The eighth edition of the biennial Seatrade Maritime Middle East (SMME) exhibition and conference, which takes place in Dubai from October 31 to November 2, at the Dubai World Trade Centre, is organising a conference dedicated to the dynamic and rapidly growing tanker sector. Part of the Dubai Maritime Week, Seatrade Tanker Middle East, takes ...

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Migrants stream out of ‘Calais Jungle’ before demolition

  Aleppo / AFP Migrants lugging meagre belongings boarded buses on Monday taking them away from Calais’ “Jungle” under a French plan to raze the notorious camp and symbol of Europe’s refugee crisis. “Bye bye, Jungle!” a group of migrants shouted as they hauled luggage through the muddy lanes of the shantytown where thousands from Africa and the Middle East had ...

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Pavilion Gas, Shell among LNG importers for S’pore

  Bloomberg Singapore, which is vying to become a regional center for the trading of liquefied natural gas in Asia, picked Royal Dutch Shell Plc and Pavilion Gas Pte Ltd. as its next suppliers of the fuel. The companies will have exclusive rights to sell 1 million metric tons of LNG annually for up to 3 years, with imports beginning ...

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Samsung Note 7 buyers in South Korea file class-action suit

  Bloomberg The number of Samsung Galaxy Note 7 owners demanding compensation for being inconvenienced by the smartphone’s troubles is starting to rise. In what may be the first Note 7 related class-action lawsuit filed in South Korea, 527 smartphone buyers are demanding Samsung Electronics Co. pay each plaintiff about 500,000 won (about $440) for time and effort lost when ...

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UAE takes part in Global Investors Summit

  Abu Dhabi / Emirates Business The UAE has participated in the opening of the Global Investors Summit, which kicked off recently in Indore City, the capital of Madhya Pradesh in central India. HE Abdullah Bin Ahmed Al Saleh, Undersecretary for Foreign Trade and Industry, Ministry of Economy, led the UAE delegation with the presence of Dr. Ahmed Abdul Rahman ...

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‘Dubai FDI Capacity’ to drive investment, support services

  Dubai / Emirates Business The Dubai Investment Development Agency (Dubai FDI), an agency of the Department of Economic Development (DED), in partnership with the Conway Advisory and Global FDI Association, has launched the region’s first specialised programme to qualify leaders in the public and private sectors to successfully pursue foreign investment and support investors. Named ‘Dubai FDI Capacity,’ the ...

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GCC healthcare sector growth faces staff shortage challenge

  Abu Dhabi / Emirates Business The outlook for the healthcare sector remains bright with experts forecasting investments to reach $133 billion by 2018, which will mostly be poured into building new healthcare facilities. “However, many challenges need to be addressed, notably the shortage of healthcare staff which is why we’ve organised this event to provide companies and healthcare professionals ...

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