DUBAI / WAM Dubai’s industrial sector has seen significant progress this year, under a new strategy launched by the Vice President and Prime Minister of UAE and Ruler of Dubai, His Highness Sheikh Mohammed bin Rashid Al Maktoum. The Dubai Industrial Strategy, which entered the implementation phase earlier this year, aims to elevate the emirate into a global platform for …

Dubai / Emirates Business Forbes Middle East welcomed representatives of the region’s leading real estate companies at an exclusive event, held to unveil its Top 100 Real Estate Companies in the Arab World for the second year running. The top 40 listed real estate developers have a combined market value of $90.5 billion, revenues of $18.1 billion, profits of $5.1 …

Dubai / WAM The ‘third wave’ coffee movement is fuelling the growth of the Middle East’s coffee industry, which is expected to climb to $4.4 billion by 2021, according to Euromonitor International. The new movement has seen a shift in consumer appreciation of coffee as an artisan, specialist and quality experience, rather than a commodity. As a beverage with multi-cultural …

Dubai / Emirates Business Virtual reality concerts and matches, augmented reality apps, and immersive audiovisual will catalyze $44 billion in UAE tourism receipts by 2020, and transform the live entertainment and mega-event experience for millions of people across the Middle East and Africa. With the UAE enhancing its role as a global leisure, tourism, and entertainment hub, it is set …

Abu Dhabi / Emirates Business Aiming to diversify its funding base and tenors, Al Hilal Bank has issued a $100 million private placement Sukuk. This is the third issuance under Al Hilal Bank’s $2.5 billion Euro Medium Term Note (EMTN) programme. The two-year $100 million RegS floating rate Sukuk was priced at three-month LIBOR + 90 bps. The deal was …

Dubai / Emirates Business With the Middle East continuing to be a region that enjoys relatively healthy rates of growth, economic expansion and diversification, the region is attracting fresh attention from logistics, transport, warehousing and materials handling providers from across the world. Materials Handling Middle East 2017, the region’s premier dedicated trade and networking platform for the intralogistics, warehousing, freight …

Dubai / WAM Middle East Food Forum, the UAE’s hub for all food service business owners and operators, is set to host the Restaurant Development Conference alongside the International Centre for Culinary Arts (ICCA), at the Dubai World Trade Centre, from September 18-20. With over 20 panelists participating at the 50,000 delegate-strong conference, the 3-day event by GulfHost ’17 will …

Beijing / WAM The 6th session of the UAE-China Joint Economic Committee held in China’s capital of Beijing, has concluded with the two sides reporting their achievements in the development of cooperative frameworks in several vital areas of common interest. The UAE delegation was headed by Sultan bin Saeed Al Mansouri, Minister of Economy, while the Chinese side was led …

Abu Dhabi / WAM The UAE’s Federal Authority for Nuclear Regulation (FANR), board of management has convened to review current progress of the country’s lead nuclear regulator in terms of nuclear safety, security and safeguards. The meeting, presided over by Abdulla Nasser Al Suwaidi, Chairman of FANR, reviewed an update on the status of operating license application for Units 1 …

Abu Dhabi / WAM The Global Reporting Initiative (GRI), an international independent organisation that has pioneered corporate sustainability reporting since 1997, will hold the regional launch of the new GRI Standards in Abu Dhabi on September 19. The launch event is being hosted by Abu Dhabi’s renewable energy company, Masdar, is sponsored by Union National Bank, and has been organised …