Ritika Sharma / EMIRATES BUSINESS People familiar with the beauty industry and the celebrity make-up artists, need no introduction about who he is. Whether you are from West or East, from Middle East or Asia pacific, a Bollywood fan or a Hollywood one, this Dubai-based Malaysian entrepreneur has styled celebrities and made his presence felt in the industry across the ...

Frankfurt / AFP The European Central Bank (ECB) on Thursday fired off a new volley of shots in its ongoing battle to avert deflation in the euro area and jumpstart economic recovery in the region. The ECB slashed already record-low interest rates, said it would pump massive new sums into the banking system and, for the first time, would start ...

ABU DHABI / WAM Etisalat announced on Thursday its consolidated financial statements for the 12 months ending December 31st 2015. The board proposed a final dividend payout of 40 fils per share for 2015, representing a total dividend payout of 80 fils for the full year. Etisalat Group’s consolidated revenue for the fourth quarter of 2015 amounted to AED12.7 billion ...

Dubai / WAM Dubai Gold and Commodities Exchange (DGCX) has announced the appointment of the Bank of China, BOC, as a Settlement Bank for Dubai Commodities Clearing Corporation (DCCC) which is a wholly owned subsidiary of DGCX. With the addition of Bank of China, DCCC has expanded its network of Settlement Banks to five with Emirates NBD, Standard Chartered, HSBC ...

Dubai / WAM Total air traffic movements in UAE airspace reached 72,510 last month, according to the Sheikh Zayed Air Navigation Centre’s latest report. The UAE General Civil Aviation Authority, GCAA, announced that air traffic movements in the UAE witnessed an increase of 4.8 percent in February 2016 compared with the same period last year. February report indicates that Dubai ...

AMSTERDAM / WAM A delegation from Dubai Electricity and Water Authority (DEWA) has met Dutch officials from the Kingdom of the Netherlands while making an official visit. The delegation, headed by Saeed Mohammed Al Tayer, MD and CEO of DEWA, met officials from the public and private sectors in both Rotterdam and Amsterdam. The visit supports DEWA’s efforts to exchange ...

Dubai / WAM Dubai Properties (DP), a Dubai-based real estate master developer and asset manager, has reported the successful implementation of the highest standards of Health, Safety, and the Environment (HSE) in all its communities to ensure the safety of its residents following the unpredicted thunderstorm and rainfalls in the UAE. Dubai Properties, in close coordination with TAZIZ and Ejadah, ...

ALKESH SHARMA EMIRATES BUSINESS Reducing the Emirate’s energy, electricity and water consumption by upto 30 percent by 2030 is a huge task. And Dubai’s Demand Side Management Strategy has taken up the Herculean challenge to make this happen. The organization is set to host the much-awaited annual event ‘Outdoor Lighting Projects UAE’, scheduled for March 14-15, that will see the ...

BERLIN / WAM The prominent place the UAE occupies in the region and the world at large as one of the best tourism destinations is owed to the country’s diverse cultural, heritage and entertainment offerings which offer a memorable recreational experience, UAE Ambassador to Germany, Juma Mubarak Al Junaibi, said during a reception he hosted on the occasion of the ...

Ritika Sharma EMIRATES BUSINESS Middle East has the youngest fleet of business jets when compared with the world’s average, Embraer Executive Jets market analysis indicates. The region holds a business jet convoy of nearly 400 aircraft, where Saudi Arabia and UAE account for more than half of the Middle East’s active fleet. For the next 10 years, the Embraer forecasts ...