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UAE’s retail market to reach AED200bn

Dubai / WAM Retailing in the UAE is expected to reach AED 200 billion by 2017, growing by a 5% on average each year, according to an analysis by the Dubai Chamber of Commerce and Industry. Consumer spending is also expected to continue rising in the medium-term, with growth rates projected to stabilize at about 4% on average per year ...

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ViP technology to make gas stations more safe and swift in Emirates

Sunaina Rana / Emirates Business As the Emirates is heading to the new high-tech world with smart cities, smart homes and now new ViP (Vehicle Identification Pass) technology gas stations. The new innovative technology comes with secured electronic chip that will be placed on top of the fuel tank gasket of the vehicle. After the chip is installed and activated, ...

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Emirates NBD to fund AED827mn Egyptian power plants

CAIRO / WAM Emirates NBD affirmed its commitment to supporting mega national projects and securing the necessary financing, thus contributing to the Egyptian economy’s development and boosting production in light of the bank’s expansion plan in the Egyptian market. Emirates NBD Egypt signed a EGP2 billion (AED287mn) facility contract with the Egyptian Electricity Holding company during a signing ceremony at ...

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