ABU DHABI / WAM His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces and Chairman of Abu Dhabi Executive Council, has issued a resolution reshuffling the board of directors of Abu Dhabi Airports Company and appointing Awaida Murshed Ali Murshed Al Marar chair of the new board. ...

  Bloomberg A group of investors led by Emaar Properties PJSC Chairman Mohamed Alabbar and Saudi Arabia’s sovereign wealth fund will each contribute $500 million to an e-commerce venture to tap the Middle East’s fast-growing online retail market. E-commerce firm Noon will go live in January and provide 20 million items for customers, Alabbar said at a news conference in ...

  ABU DHABI / WAM The Department of Economic Development – Abu Dhabi (ADDED) has signed separate service level agreements concerning investor services with a number of government departments. ADDED signed agreements with Abu Dhabi National Oil Company, the Department of Municipal Affairs and Transport, Abu Dhabi Securities Exchange, Mubadala Development Company, the Emirates Nuclear Energy Corporation, the Media Zone ...

  DUBAI / WAM The issues and challenges facing the region’s banking industry were under the spotlight at the Middle East Banking Forum 2016, which took place on Monday at The St Regis Corniche Abu Dhabi. Hosted by the UAE Banks Federation (UBF) in association with The Banker, and held under the theme, “Transforming the Customer Experience”, the forum brought ...

  DUBAI / WAM Dubai’s non-oil trade with Belgium nearly doubled over the past six years to reach US$8.5 billion in 2015, accounting for the majority of the country’s non-oil trade with the UAE, it was revealed in a business meeting organised by Dubai Chamber of Commerce and Industry (DCCI) in collaboration with the Chamber of Commerce and Industry of ...

  Abu Dhabi / WAM The UAE seeks to attract more than US$70 billion in industrial investments by 2025 in response to directives from Vice President and Prime Minister and Ruler of Dubai His Highness Sheikh Mohammed bin Rashid Al Maktoum, a senior government official said on Monday. This will help increase the share of the industrial sector in the country’s ...

  Dubai / Bloomberg United Arab Emirates’ production giant Image Nation Abu Dhabi signed a new long-term partnership with the state-backed China Intercontinental Communication Center (CICC) to invest in film and TV. The newly announced Culture China – Image Nation Content Fund will start with an initial capital base of $100 million, split between the two parties, but is expected ...

  Dubai / WAM Hussain bin Ibrahim Al Hammadi, Minister of Education, and the visiting Irish Minister for Foreign Affairs and Trade Charles Flanagan have discussed ways to enhance co-operation between the two countries in education. The meeting comes in the context of the ministry’s keenness to boost co-operation and extend communication with various pioneering countries that have unique and distinguished ...

  Dubai / Emirates Business Indonesia, Southeast Asia’s most populous nation, announced its commitment to participate in Expo 2020 Dubai, building on strong links between the two countries. Expo 2020 Dubai on Monday announced that Indonesia has confirmed its official participation in Expo 2020 in a letter from the President of Indonesia, His Excellency Joko Widodo, addressed to His Highness ...

  Dubai / WAM Dubai SME, the agency of the Department of Economic Development (DED) in Dubai mandated to develop the small and medium enterprise (SME) sector, and ‘aswaaq,’ have signed a memorandum of understanding (MoU) under which entrepreneurs registered with Dubai SME will be allowed to operate franchised retail outlets under the brand name ‘aswaaq mart.’ The initiative is part ...