Dubai / Emirates Business Emirates NBD, a leading bank in the region, on Sunday announced that it is the first UAE-based financial institution to obtain General Clearing Member approval from the Securities and Commodities Authority (SCA), UAE. As a General Clearing Member, Emirates NBD can now provide clearing and settlement services to trading participants of the UAE’s equity markets. The ...

Dubai / Emirates Business In line with the initiative of the Year of Giving and its social responsibility, Mohammed bin Rashid Space Centre (MBRSC) employees and engineers visited the Pediatric Department at Dubai Hospital, aiming to bring happiness to children with critical illnesses and provide support to overcome the disease. During the visit, the Centre’s staff held interactive space workshops and ...

Dubai / Emirates Business The Dubai Chamber of Commerce and Industry (DCCI) hosted its annual Dubai Dialogue conference at its premises which focused on the UAE’s Year of Giving and highlighted the important role that public-private partnerships can play in achieving the objectives of the national initiative. The event, organised by the Chamber’s Centre for Responsible Business, was attended by 150 ...

Dubai / Emirates Business The Internet of Things (IoT) continues to gain a strong footing in the GCC across different sectors ranging from manufacturing and transportation to energy. The vulnerability of IoT to external cyber threats remains high – in fact even higher than traditional IT – a Booz Allen Hamilton report highlighted. The Booz Allen Hamilton IoT Field Guide ...

Dubai / Emirates Business The Dubai-based Najibi Investments announced on Sunday that its Australian development arm, SANAD Capital, revealed the brand of its AED 1 billion active lifestyle destination, which has so far been code named ACTVE. ACTVENTURE, will become the first and largest active lifestyle destination in Australia, bringing families and active sports enthusiast together in one extraordinary location. ...

Dubai / Emirates Business Dubai Properties, a leading Dubai-based real estate master developer and asset manager, announced the launch of sales of Casa Viva, marking phase 3 of its family-friendly Serena community at Dubailand from Monday at the newly opened Dubai Properties Sales Gallery on the 9th floor in Vision Tower, Business Bay. The launch of the well-appointed and affordable ...

Dubai/ WAM Dubai Electricity and Water Authority (DEWA), awarded the AED 58 million consultancy contract for the pumped-storage hydroelectric power station at Hatta Dam to France’s EDF. The project is the first of its kind in the Arabian Gulf, with a total capacity of 250MW, and is expected to last between 60 and 80 years. The consultancy contract covers design, ...

Dubai / Emirates Business Eagle Hills has announced plans to build its second 5-star hotel in Fujairah in a bid to attract tourists and investment into the Northern Emirates. Located centrally in ‘Eagle Hills Fujairah Beach,’ the master-planned development by Eagle Hills in the city, the new ‘Palace Fujairah Beach,’ is a premium luxury hotel to be managed by Address ...

Dubai / WAM UAE markets are free from salmonella contaminated chocolate products, and not affected by the latest recall by chocolate maker Mars of certain batches of Galaxy, Maltesers Teasers and bags of Minstrels, the Ministry of Climate Change and Environment, MOCCAE, on Sunday said in a statement. Majd Mohamed Al Herbawi, Director of Food Safety Department at MOCCAE, said, “In ...

Bloomberg A boom in natural gas exports from the US Gulf Coast is raising the prospect of traffic jams at one of America’s busiest ports. Weather delays from fog and storms are nothing new at the Houston Ship Channel, which links the prolific oil and gas fields of Texas and Louisiana to the rest of the world. But as more ...