March, 2019

• 4 March

  UAE bourses see AED4.45b in realty deals in 2 months

  

  ABU DHABI / WAM The realty sector attracted the largest share of liquidity on the country’s two main bourses during the first two months of the current year. Up to AED4.45 billion of real estate transactions were conducted in January and February, accounting for 24.4 percent of the total trades, valued at AED18.2 billion, according to official figures obtained by ...

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• 4 March

  UAE, US keen to boost banking, finance ties

  

  ABU DHABI / WAM AbdulAziz Al-Ghurair, Chairman of UAE Banks Federation, together with CEOs of leading UAE banks, received Sigal Mandelker, the US Under Secretary of the Treasury, and Paul Khuri, the recently-appointed US Treasury Attache to the UAE and the Sultanate of Oman, along with other high-level delegates from the US Treasury. The meeting addressed ways of increasing consultations, ...

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• 4 March

  Oil rises as US, China near trade deal

  

  Bloomberg Oil climbed as the US and China were said to near a deal on trade that would underpin the outlook for crude demand, while supplies around the world showed signs of tightening. Futures in New York rose as much as 1.1 percent after a drop of 2.6 percent last week. The world’s two biggest economies are approaching an accord ...

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• 4 March

  33 firms, entities awarded Dubai Chamber CSR label

  

  Dubai / Emirates Business Dubai Chamber of Commerce and Industry honoured 33 companies for their corporate social responsibility and sustainability efforts in the second half of 2018 during a recognition ceremony recently held at its premises. The Dubai Chamber CSR Label was presented to Landmark Group and United Engineering Construction Company for the first time. Congratulating the awardees for their ...

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• 4 March

  Forward trading at DME grows by 160 percent

  

  Dubai / WAM Dubai Mercantile Exchange (DME), on Monday announced a 160 percent increase year-on-year in trading activity on the exchange’s forward curve. The forward curve represents the value of Oman Blend Crude Oil in future months. Activity in the forward curve happens when customers want to protect themselves against the risk that the price of Oman crude oil will ...

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• 4 March

  dnata Travel voted favourite travel agent

  

  Dubai / Emirates Business dnata Travel has been named “Favourite Travel Agent” at the annual Condé Nast Traveller Middle East Readers’ Choice Awards. The awards were presented at a gala dinner in Dubai, in front of the region’s leading travel and hospitality operators. “We are proud to be voted the most preferred travel agent by the readers of Condé Nast ...

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• 4 March

  Mohammed allocates AED1.5b for ‘new generation’ of schools

  

  DUBAI / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, on Monday visited educational institutions in Fujairah and Kalbaa in Sharjah. During the visit, His Highness Sheikh Mohammed announced the allocation of AED1.5 billion to build the first group of a ‘new generation’ of Emirati schools. He ...

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• 4 March

  Dubai Tourism launches B2B attractions marketplace

  

  DUBAI / Emirates Business Dubai’s Department of Tourism and Commerce Marketing (Dubai Tourism) officially launched its B2B Attractions Marketplace to the industry as a powerful online platform that connects attractions and experiences across the city with global audiences and relevant channel partners. Creating a seamless technological framework to stimulate industry cohesion, the initiative has been designed to help attractions access ...

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• 4 March

  Abu Dhabi to showcase tourist attractions at ITB Berlin

  

  Abu Dhabi / WAM The Department of Culture and Tourism – Abu Dhabi, DCT Abu Dhabi, is set to lead a delegation of the Emirate’s leading hotels, attractions, tour operators, and destination companies to ITB Berlin – one of the world’s largest tourism trade fairs. The event will take place from March 6-10 at the Berlin Exhibition Grounds. The delegation ...

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• 4 March

  Ducab marks 40 years of remarkable growth

  

  Dubai / WAM As the UAE moves to widen its industrial capabilities, Ducab is celebrating a remarkable 40 years of growth and business expansion as one of the UAE’s leading manufacturers. Founded in 1979, Ducab now serves global customers in energy, construction, transport, defence, mining, and many other sectors. Today Ducab exports around 60 percent of its products and has ...

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