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ADNEC adds AED3.47bn to UAE economy

ABU DHABI / WAM Abu Dhabi National Exhibitions Company (ADNEC) has announced that its impact on the Abu Dhabi economy in 2015 surged by 26% to AED3.47 billion from AED2.76 billion in 2014. This follows a 13% growth in the number of events hosted by Abu Dhabi National Exhibition Centre and Al Ain Convention Centre (AACC), which collectively hosted a ...

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Twin blasts kill 57 in Homs

Beirut/ AFP A double bombing killed at least 57 people in Syria’s Homs on Sunday, as US Secretary of State John Kerry said a provisional deal had been reached on the terms of a ceasefire. World powers have been pushing for a break in fighting that was meant to go into effect by Friday, but have struggled to agree how ...

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UAE gives push to SMEs to shore up economy

Alkesh Sharma Emirates Business Small and Medium Enterprises (SMEs) are emerging as the lifeline of UAE economy. In 2014-15, the country registered its best economic performance in 44 years by growing its Gross Domestic Product (GDP) to AED1.47 trillion, thanks to 60 percent contribution from the SME sector. Giving a major boost to SMEs, Emirates’ financial institutions, including the major ...

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