Dubai / WAM Growing momentum behind regional integration, economic reforms, technological advances and infrastructure development are among the key factors fuelling business growth in sub-Sahara Africa, according to a new whitepaper released by Dubai Chamber of Commerce and Industry in cooperation with the Economist Intelligence Unit (EIU). The report, entitled Promise and Perils: Scaling up businesses in sub-Sahara Africa, was ...

ABU DHABI / WAM As part of their ongoing commitment to enable the UAE’s defense and security industry, Tawazun Economic Council, (Tawazun), announced plans to establish four new regional centers, bringing to nine the total number of projects announced under the new policy for Tawazun Economic Programmne during Idex 2019. Matar Ali Al Romaithi, Chief Economic Development Officer at Tawazun ...

Abu Dhabi / WAM Abu Dhabi Securities Exchange (ADX), issued a paper titled ‘Crypto Assets: Moving from theory to practice’. The paper was prepared in cooperation with global Central Securities Depositories, asset managers and custodians, and under the patronage of the International Securities Service Association, ISSA, in which ADX is an active member, said a press release issued by ADX ...

Ajman / Emirates Business Ajman Free Zone (AFZ) has confirmed the effectiveness of the new insurance umbrella launched several months ago in cooperation with Dubai Insurance to protect workers’ rights and reduce the burden on investors of the free zone, as well as contribute to the government’s efforts to protect the rights of this category. Ajman Free Zone pointed out that ...

DUBAI / Emirates Business Emirates will operate a historic one-off A380 flight on November 29 in an unprecedented effort to bring together and celebrate the vibrant multicultural communities of the UAE onto one flight. The airline will attempt to welcome as many nationalities as possible onto flight EK2019, for a special flight journey around the UAE. The A380 commissioned for ...

ABU DHABI / WAM The number of hotel guests staying in Abu Dhabi emirate during the third quarter of 2019 exceeded 1.3 million, an increase of 1.7 percent compared to the same period in 2018, according to the figures released by the Department of Culture and Tourism – Abu Dhabi, DCT Abu Dhabi. In the year-to-date in 2019 there have ...

Dubai / Emirates Business Dubai Airport Freezone Authority (Dafza) will showcase its integrated portfolio of services and solutions for the aviation industry at Dubai Airshow 2019. Held at the Dubai World Central, the event will take place from November 17-21. Participating in one of the world’s biggest events of its kind falls in line with Dafza’s strategic objectives, which includes ...

MOCHA / WAM The Emirates Red Crescent (ERC), organised the 20th mass wedding in Yemen under the directives of His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces; and guidance of H.H. Sheikh Hamdan bin Zayed Al Nahyan, Ruler’s Representative in Al Dhafra Region and Chairman of ...

Bloomberg Amazon.com Inc has given notice that it will file a lawsuit challenging the Defense Department’s decision to award Microsoft Corp a cloud computing contract valued at as much as $10 billion over a decade. The e-commerce giant plans to lodge its complaint against the contract in the US Court of Federal Claims, Seattle-based Amazon confirmed. The company’s challenge was ...

Bloomberg Orange SA, France’s dominant phone company, is starting preparations for a potential initial public offering of its Africa and Middle East unit, people familiar with the matter said. The firm has been interviewing advisers for the planned share sale, according to the people, who asked not to be identified because the information is private. Orange is weighing potential listing ...