April, 2016

• 28 April

  UAE gears up for big bite of US$140bn Halal sector

    RITIKA SHARMA / Emirates Business With global Halal industry growing, UAE-based hotels are gearing up to grow their share in the segment. Halal sector was worth US$140 billion in 2014, representing around 13 percent of global travel expenditure, and this figure is expected to reach US$233 billion by the year 2020. Glenn Nobbs, General Manager, Copthorne Hotel Dubai, one ...

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• 28 April

  Tabreed’s Q1 net profit rises by 4%

  

    SUNAINA RANA / Emirates Business Abu Dhabi-based National Central Cooling Company, Tabreed has announced an increase in its 2016 first quarter results. Tabreed has witnessed a robust growth of 4 percent and posted AED63 million in their quarterly financial results. Considering the financial performance of the company, it seems to continue its drive towards strong and effective operations across the ...

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• 28 April

  10 years of green innovation

  

    Abu Dhabi / WAM On Thursday, Masdar employees and alumni gathered in Masdar City to mark ten years of achievement in advancing the clean energy industry in Abu Dhabi and around the world. Under the banner “Seizing the Next Decade,” participants were invited to reflect on Masdar’s significant and widespread impact to date and the promise of the next ten ...

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• 28 April

  Sharjah Public Finance Award established

    Sharjah / WAM HH Sheikh Dr Sultan bin Mohammed Al Qasimi, Supreme Council Member and Ruler of Sharjah, issued an Emiri Decree No. 31 for the year 2016 on the establishment of the Sharjah Public Finance Award. Under Article 2 of this Decree, a periodic award shall be set up in the emirate called the Sharjah Public Finance Award, which ...

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• 28 April

  S&P rates TAQA’s credit rating as stable

  

    Dubai / WAM Abu Dhabi National Energy Company PJSC (TAQA), on Thursday announced that Standard & Poor’s Ratings Services (S&P) has affirmed TAQA’s credit rating at ‘A’ (outlook stable). “We are pleased that S&P affirmed TAQA’s investment-grade credit rating,” said Grant Gillon, TAQA CFO. “The rating demonstrates that we have a strong credit story and speaks of the progress TAQA ...

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• 28 April

  New appointments in GAC management team

  

    Dubai / Emirates Business Global shipping, logistics and marine service provider GAC has announced two new appointments within its Group Management team. HÃ¥kan Wester takes on the new role of Group Vice President – Strategy & Planning, and is charged with coordination and supporting the implementation of GAC strategy throughout the Group’s operations in more than 50 countries around ...

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• 28 April

  Dubai Tourism opens up holiday home regulations

  Dubai / Emirates Business Dubai’s Department of Tourism & Commerce Marketing (Dubai Tourism) has updated its regulations surrounding holiday homes to become more competitive, with the most significant amendments positively impacting individual owners and better enhancing the emirate’s holiday home segment through greater transparency, safety, standardisation and competitiveness. Under the new resolution, private home owners can apply for a holiday ...

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• 28 April

  EPAA honours Sharjah Sustainability Award winners

  

    Sharjah / Emirates Business Under the patronage of His Highness Sheikh Dr Sultan bin Muhammad Al Qasimi, Member of the UAE Supreme Council and Ruler of Sharjah, the Environment and Protected Areas Authority in Sharjah (EPAA) honoured the winners of the 4th Sharjah Sustainability Award 2016. The award ceremony was held at the Sharjah Cultural Palace, on Thursday, and ...

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• 28 April

  Umm Al Quwain, Sobha ink JV on resort

  

    Umm Al Quwain / Emirates Business The Government of Umm Al Quwain and Sobha Group, a leading luxury real estate developer, announced the launch of “Firdous Sobha”, an integrated world-class resort and residential island development in Umm Al Quwain. Aimed at setting new heights in destination living, the agreement will see the two parties collaborate to develop an island ...

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• 28 April

  Tabreed posts AED63mn profit in Q1

  

    Sunaina Rana / Emirates Business Abu Dhabi-based National Central Cooling Company, Tabreed announced an increase in its 2016 first quarter results. Tabreed has witnessed a robust growth of 4 percent and posted AED63 million in their quarterly financial results. Considering the financial performance of the company, it seems to continue its drive towards strong and effective operations across the ...

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