April, 2016

• 25 April

  Fostering the next phase in F1 evolution

  

    Sunaina Rana / Emirates Business F1 races are all about micro-second details and it’s the data connectivity that shapes the fate of the race in terms of decisive factors to declare the winners. Tata Communications is the backbone behind this network at the Bahrain Grand Prix. Similar to this, Tata Comms enables various regional enterprises ranging from financial, media ...

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• 25 April

  Aiming to deliver state-of-the-art projects

  

    Our Correspondent / EMIRATES BUSINESS Since its inception, Cayan Group has evolved into one of the Middle East´s leading Real Estate Developers. With solid financial backing, the company has earned a reputation for developing projects that invariably receive international acclaim. Cayan Group is an international leading property developers and real estate investment group with offices in Riyadh, Saudi Arabia ...

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• 24 April

  Mohammed approves Dubai Future Agenda to shape city

  

    DUBAI / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, approved the Dubai Future Agenda as a strategic framework for the Dubai Future Foundation. His Highness said, “Today we have launched ‘Dubai Future Foundation’ and we look forward to a new phase in which the Foundation ...

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• 24 April

  DED to boost ties with business community

  

    DUBAI / WAM Under the patronage of HH Sheikh Ahmed bin Saeed Al Maktoum, Chairman of Dubai Airports; President of the Dubai Civil Aviation Authority; Chairman and CEO of Emirates Group, the Department of Economic Development (DED), Government of Dubai, launched a new initiative—the Business Community Engagement (BCE) to deepen and strengthen DED’s relationship with the business community. The ...

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• 24 April

  ADM launches crackdown against outlawed lodging

    ABU DHABI / WAM The Abu Dhabi City Municipality launched an extensive campaign aimed at combating disorderly accommodation as well as condensed bachelors accommodation in areas falling within the realms of authorities of Al Wathba Municipal Centre. The campaign is intended to confronting this phenomenon, and enforcing the environmental and health standards by organising awareness and educational campaigns targeting ...

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• 24 April

  Abu Dhabi’s annual inflation for Q1 rises to 3.2%: SCAD

    ABU DHABI / WAM The inflation rate in the Consumer Price Index (CPI) in the Emirate of Abu Dhabi for the first quarter of 2016 was up 3.2%, compared with the same period of 2015, according to a report released by Statistics Centre – Abu Dhabi (SCAD). The annual inflation rate for the first quarter of 2016 was 3.2%, ...

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• 24 April

  ATM 2016 opens today

    DUBAI / EMIRATES BUSINESS Arabian Travel Market (ATM) 2016, the region’s leading travel industry showcase, opens its doors on Monday for four days of business networking opportunities, insightful seminar sessions, leadership forums, and recognition of 12 months of industry achievement. It takes place at the Dubai International Convention & Exhibition Centre from April 25-28.

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• 24 April

  Noor Bank’s record profit

    DUBAI / WAM Noor Bank on Sunday announced its financial results for the year ending 31st December 2015, with the bank reporting a net operating profit of AED561 million. The increase in profitability was fuelled by a 73% surge in fee and commission income and supported by a 35% rise in net income from financing.

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• 24 April

  ADSB’s AED791mn revenue

    ABU DHABI / WAM Abu Dhabi Ship Building, ADSB, announced key business highlights for 2015 at their Annual General Meeting held in Abu Dhabi last week, registering a consolidated revenue of AED 791 million, while its net profit rose to AED 87 million. In addition, members of the General Assembly approved the distribution of the cash dividends amounting to ...

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• 24 April

  ARTAR’s Mada Residences achieves 15% completion

    Sunaina Rana / EMIRATES BUSINESS UAE-based ARTAR Real Estate Development announced that it has achieved a 15% completion rate of Mada Residences. The new upcoming project is situated in Downtown Dubai and this exclusive residential property development is ARTAR’s first project in the UAE. Sulaiman Abdulrahman Al Rashid, CEO of ARTAR Real Estate Development LLC, said, “We have witnessed ...

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