Abu Dhabi / WAM Hameed Mohammed bin Salem, Secretary-General of the Federation of UAE Chambers of Commerce and Industry, has stressed the importance of developing investment and trade ties between the UAE and Brazilian private sectors in light of potential investment opportunities in both countries. Salem said the idea of establishing a UAE-Brazilian Business Council or an Arab-Latin Chamber of …

  Dubai / WAM Mattar Al Tayer, Director General and Chairman of the Board of Executive Directors of Roads and Transport Authority (RTA), has announced that the RTA had accomplished 29 initiatives as part of the Smart City project. This number includes 7 additional initiatives to the roadmap announced by RTA at the time of releasing the Smart City in March …

  Sharjah / WAM The Sharjah Commerce and Tourism Development Authority (SCTDA) participated in the Outbound Travel Mart (OTM) Mumbai 2017 travel trade show. The exhibition, one of the largest travel and tourism shows in India, attracted a large number of participants from the tourism and travel industry from the region and the world. Khalid Jasim Al Midfa, Chairman of SCTDA, …

  Dubai / WAM The 25th Annual Middle East Petroleum & Gas Conference (MPGC 2017) will convene under the theme “The Turbulent Path to an Oil Market Recovery: The Challenge of Reaching a Balanced and Sustainable Price,” providing the framework of opportunities for the oil and gas markets despite the turbulence as well as the new and ongoing strategies for the …

  Dubai / Emirates Business MAG 5 Property Development (MAG 5 PD), the leading property developer of luxury mid-range developments and pioneering affordable housing initiatives, launched MAG 5; the third phase of its MAG 5 Boulevard community. The launch of MAG 5 comes in response to increasing investor demand for studios and both one and two bedroom apartments at the …

  ABU DHABI / Emirates Business The UAE won an award for best pavilion at Outbound Travel Mart (OTM) 2017, the latest edition of India’s biggest travel trade show held recently in the city of Mumbai. The pavilion organized under the theme ‘Visit UAE’ scored the highest marks for decoration and design. The UAE delegation to this year’s OTM included representatives …

  Dubai / Emirates Business For the fifth year in a row, and with consistently-increasing scores, Ducab, the leading cable manufacturing company owned equally by Investment Corporation Dubai (ICD) and Abu Dhabi’s Senaat, has been awarded the Dubai Chamber CSR Label, with a high score of 84 percent in recognition of initiatives and communications around Corporate Social Responsibility (CSR). The …

  Dubai / Emirates Business Dubai-headquartered hospitality company, TIME Hotels, added a fourth TIME Residence to its expanding UAE portfolio of serviced apartments, by launching the first of two properties in Ajman, Palm 1 TIME Residence. Launching in March 2017, the property will host 16 apartments for long-stay guests, each with state-of-the-art interior features and fittings and a range of …

  Bloomberg Deutsche Bank AG cut its 2016 bonus pool by almost 80 percent, a figure unmatched in the bank’s recent history as it tries to recover from legal expenses that wiped out profit and eroded capital levels. The lender is reducing payouts with an eye toward shareholders and is aware it will be ‘frustrating’ for employees, Chief Administrative Officer …

  Bloomberg Barclays Africa Group Ltd. said it will receive about $1.1 billion for costs associated with splitting from its U.K. parent and the setting up of a black economic-empowerment program. The UK bank will contribute about 2.1 billion rand ($163 million) towards the inclusion of black shareholders, the Johannesburg-based lender, which trades under the name Absa in South Africa, …