Dubai / Emirates Business Dubai private sector companies indicated a sustained recovery in growth momentum from the survey-record low experienced in February. At 52.7 in April, up slightly from 52.5 in March, the seasonally adjusted Emirates NBD Dubai Economy Tracker Index highlighted the fastest improvement in overall business conditions since November 2015. The headline index has now posted above ...

  SHARJAH / WAM Air Arabia on Monday reported a net profit of AED114 million for the three months ending March 31, 2016, which is 34 percent higher than the corresponding 2015 figure of AED85 million. In the same period, the airline posted a turnover of AED946 million, an increase of 7 percent on AED886 million in the first quarter ...

  ABU DHABI / WAM Ahmed Mohammed Al Kaabi, Energy Ministry’s Assistant under-secretary for Oil, Gas and Mineral Resources, has been named as the UAE’s Governor for the Organisation of Petroleum Exporting Countries (OPEC). Al Kaabi enjoys a vast experience in oil market economics and OPEC operations. Prior to joining the Energy Ministry, Al Kaabi worked as Director of ADNOC’s office ...

  ABU DHABI / WAM The Federal Authority for Nuclear Regulation, FANR, held a workshop on Monday to review progress towards establishing a present-day measurement of environmental radiation in the UAE. The 6th UAE National Workshop on ‘Baseline Environmental Radiation Mapping in the UAE’, was held at Zayed University in Abu Dhabi and was attended by representatives of the UAE agencies.

  MELBOURNE / WAM Etihad Airways on Monday officially opened its new Premium Lounge at Melbourne Airport, offering guests an environment in which they can relax, re-energise, dine, work or be entertained pre-flight. At more than 800m2 with seating capacity for up to 133 guests, it is the airline’s largest Premium Lounge outside Abu Dhabi.

  Dubai / Emirates Business In a significant development that boosts the efforts of Dubai Islamic Economy Development Centre (DIEDC) to articulate Dubai’s ambition of emerging as a global capital of Islamic economy, representatives of 10 countries recently signed a memorandum of understanding (MoU) in Dubai on for the establishment of the International Halal Accreditation Forum (IHAF) to be based ...

  DUBAI / WAM The Emirates Central Cooling Systems Corporation, EMPOWER, on Monday said that its district cooling transmission pipeline has crossed the 223 kilometres mark in Dubai. The company has attributed this expansion to its aggressive strategy to expand its operations across the Emirate. Speaking on the occasion, Ahmad Bin Shafar, Chief Executive Officer of Empower, said, “Empower was ...

  Dubai / Emirates Business In a significant development that boosts the efforts of Dubai Islamic Economy Development Centre (DIEDC) to articulate Dubai’s ambition of emerging as a global capital of Islamic economy, representatives of 10 countries recently signed a memorandum of understanding (MoU) in Dubai for the establishment of the International Halal Accreditation Forum (IHAF) to be based in ...

  Dubai / WAM Dubai Land Department (DLD) has announced that it is the main sponsor with the Dubai Property Show, a major UK real estate exhibition, which is taking place in London for the second year from May 13-16. Organised in conjunction with DLD’s Investment Management and Promotion Centre, the three-day event is recognizing the importance of London, and DLD’s ...

  Dubai / Emirates Business According to the recent Bayt.com “Skills Gap in the Middle East and North Africa” survey, conducted by Bayt.com – the Middle East’s leading job site – and YouGov – a research and consulting agency – among the 352 UAE employers surveyed, respondents are experiencing difficulty filling open positions as they struggle to find employees with ...