Bloomberg At the entrance of Bergdorf Goodman, one of the world’s glitziest department stores, the morning after Thanksgiving, a store associate puts a few Saint Laurent handbags on top a glass case. He pauses and looks at the dozen or so people gathered. “Up to 40 percent off,” he announces to the early birds. They gasp and start analysing the …

Dubai / Emirates Business The combined value of the 22,680 active construction projects in the GCC has exceeded $2.43 trillion (AED8.91 trillion) in November 2017, according to latest GCC Construction Analytics report issued by BNC Network, the largest and most comprehensive project research and intelligence provider in the Middle East and North Africa (MENA) region. Of these the urban construction …

DUBAI / WAM Jafza, the Dubai flagship logistics hub of global trade enabler DP World, announced that trade in steel and building materials reached AED13.5 billion during 2016 with further increases expected as the free zone continues to develop services for companies in the sector. Announcing Jafza’s participation in the Big 5 exhibition being held at the Dubai World Trade …

DUBAI / Emirates Business The value of annual land sales in Dubai has risen by AED30 billion over the last five years, one of the emirate’s biggest real estate brokerages revealed, identifying Business Bay as a key area for further growth. Firas Al Msaddi, CEO of fäm Properties, said that as of November 9, land sales for this year had …

ABU DHABI / WAM Abu Dhabi Ports, the Port of Fujairah, and Khalifa Industrial Zone Abu Dhabi (KIZAD) announced the opening of eight Abu Dhabi Government representative offices at KIZAD’s business bentre in Taweelah. The offices are of the Department of Economic Development, Department of Urban Planning and Municipalities, Ministry of Interior representing the General Command of Civil Defence and …

ABU DHABI / Emirates Business Brazil’s total exports to Arab countries’ construction sector reached $40.24 million in 2017. Brazil’s exports to region’s construction industry included plywood, veneered panels, granite, glazed ceramic flags, wooden furniture, appliances for pipes, boiler shells, and tanks and other machines and mechanical appliances. Machinery exports to Arab nations including Egypt, Kuwait, Saudi, the UAE, Oman and …

Sydney / WAM The UAE and Australia have affirmed their commitment to the free trade agreement between Australia and the GCC, being an efficient mechanism conducive to broadening economic ties. This came during the maiden session of the joint UAE- Australia Economic Committee, which convened in Sydney under the chairmanship of Sultan bin Saeed Al Mansouri, Minister of Economy, and …

Sharjah / WAM HH Sheikha Jawaher bint Mohammed Al Qasimi, Chairperson of NAMA Women Advancement Establishment (NAMA), and wife of His Highness the Ruler of Sharjah, has called on governments, business communities and civil societies across the world to adopt more effective policies for the economic empowerment of women and an enhancement of their role in sustainable development. Sheikha Jawaher …

Dubai / WAM The AED1.3 billion comprehensive developmental of the Hatta Region is going according to plan to uphold the prominent cultural and environmental position of the region as one of the emirate’s key tourist attractions and business destinations, according to the Dubai Executive Council. A number of state departments are engaging in the developmental plan launched by the Vice …

Abu Dhabi / WAM A number of ministers and senior space and science officials from the UAE have visited Washington D.C., to meet with senior space officials and representatives from the public and private sector in the United States, further strengthening UAE-US collaborative efforts in space science, education and exploration. Led by Dr. Ahmad Belhoul Al Falasi, Minister of State …