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Dubai Customs seizes AED72.6mn goods in H1

Dubai / WAM In H1 of 2017, Dubai Customs conducted 133 seizures of goods worth up to AED72.584 million that were found to have infringed intellectual property rights. Dubai Customs firmly acted against IPR infringements to protect society and the economy from counterfeit goods, and to support a compe- titive investment environment in Dubai by enabling producers to avoid losses ...

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VP approves new building permit procedures development strategy

DUBAI / WAM Vice President and Prime Minister of UAE and Ruler of Dubai His Highness Sheikh Mohammed bin Rashid Al Maktoum approved the new strategy for Building Permit Procedures Development in Dubai. The strategy will ensure speeding up the process of acquiring building permits from concerned government entities to assist investors in the real estate sector. The new strategy, ...

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Watania reports AED2.7mn Q2 profit

DUBAI / WAM On the announcement of the biannual results, His Excellency Ali Bin Harmel Al Dhaheri, Chairman of the Board of Directors of National Takaful Company (Watania), emphasized that in the year 2016, the company’s performance received support and reinforcement. Watania stopped some of its operations that caused it to incur loss in some sectors, and also developed a ...

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TRA completes FEDNet security systems upgrade

DUBAI / WAM The Telecommunications Regulatory Authority (TRA) announced the completion the Federal Network (FEDNet) security systems upgrade in a step aimed at protecting more than 35 federal entities against ‘advanced persistent threats’ in their various forms, whether through e-mail or internet browsing. This step comes in line with TRA’s efforts to enhance protection against cyber-breaches, as well as protecting ...

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RTA awards contract to procure 125 school buses

DUBAI / WAM The Board of Executive Directors of Roads and Transport Authority (RTA), chaired by Mattar Al Tayer, Director-General and Chairman of the Board, has endorsed the awarding of a contract for procuring 125 new school buses. The new buses will add to the fleet of the Dubai Taxi Corporation (DTC) to cope with the growing school transport activity. ...

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Dhofar Global signs deal with AccorHotels

Dubai / Emirates Business Dhofar Global, a leading supplier of hygiene products in the Middle East, announced that it has signed an agreement with AccorHotels, the world’s leading travel & lifestyle group. Through the agreement, Dhofar Global will supply world-class cleaning and hygiene products for the hotels the Group operates in the UAE, Oman, Bahrain and the Seychelles. The deal ...

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Uber CEO search, IPO timing stymied by benchmark lawsuit

­­­­­­­­­­­Bloomberg At a crucial time when Uber Technologies Inc. is looking to fill a leadership void, repair a foul corporate culture, salvage morale, fend off rivals worldwide, prove it didn’t benefit from stolen trade secrets and deal with a host of other issues, the ride-hailing company is forced to hit the pause button. Benchmark, a major shareholder, declared what is ...

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US not good for UK for post-Brexit deal

Bloomberg The US may not be the best country for Britain to start its post-Brexit trade agreements with, according to Adam Marshall, director general of the British Chambers of Commerce. “I wouldn’t want to go up against them, early on, when I’m just getting on my feet again as a country going into free trade agreements,” Marshall said in an ...

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London Mayor’s ‘solar initiatives’ to make the city greenest on earth

Bloomberg London Mayor Sadiq Khan said he wanted to try city-wide auctions as part of an environment strategy proposed to more than double the capital’s solar energy generation capacity by 2030. The reverse auctions would be similar to the Solarize NYC model already used in New York, where multiple buyers pool together and panel sellers compete for one single contract, ...

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