February, 2018

• 6 February

  Unilever turns to new shower foams, lotions amid price squeeze

  

  Bloomberg Unilever is rolling out new products such as Dove shower foam to boost sales as it struggles to raise prices on longtime mainstays like Hellmann’s mayonnaise. The Anglo-Dutch consumer-product giant introduced five new brands in its personal-care division in 2017, including Hijab Fresh, a hand and body lotion aimed at Muslim consumers, and soaps formulated for babies. That helped ...

  Read More »
• 5 February

  UAE outsourcing sector revenue to hit $1bn by 2020

  

  DUBAI / WAM The outsourcing sector is an important pillar of the UAE’s economic diversification and among the fastest-growing sectors in the country with a compound annual growth rate (CAGR) of 11.2 percent, according to the ‘UAE Outsourcing Market Outlook 2016-2020’, a report by International Data Corporation (IDC). The report estimates that operational management revenues of business process outsourcing (BPO) ...

  Read More »
• 5 February

  Dubai Holding picks new CEO to run $35bn firm

  Bloomberg Dubai Holding LLC appointed Amit Kaushal as chief executive officer, replacing Edris Alrafi who left the investment firm after less than a year. Kaushal was previously chief financial officer at the conglomerate that manages about $35 billion of assets, according to an emailed statement. He was also senior vice president of funding and treasury management at property developer Meraas ...

  Read More »
• 5 February

  Damac in talks with banks for dollar sukuk issue

  DUBAI / Reuters Damac Properties is in talks with banks about a possible issue of US dollar-denominated Islamic bonds, sources familiar with the matter said on Monday. Discussions about a new issue are at an early stage, said the sources. A spokesman at Damac said: “We are continuously in talks with many bodies on funding possibilities and options. We always ...

  Read More »
• 5 February

  Abu Dhabi launches start-up incubator

  ABU DHABI / WAM A group of key departments and institution came together in Abu Dhabi on Monday to announce the launch of Fikra Labs, described as an Acceleration Programme for Entrepreneurs. In the belief that research and development (R&D) can contribute to employment creation, national development, tourist promotion and economic growth, the concept of the Fikra Labs Acceleration Programme ...

  Read More »
• 5 February

  UAE-Saudi ties ‘unique model of cooperation’

  

  ABU DHABI / WAM Sultan bin Saeed Al Mansouri, Minister of Economy, has said that the UAE enjoys solid bilateral relations with Saudi Arabia, and that the two countries are brought together by strong ties based on shared cultures, history and noble Islamic and Arab values. He went on to say that the relations between the two countries represent a ...

  Read More »
• 5 February

  Mohammed directs launch of ‘UAE Cultural Development Fund’

  

  Dubai / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, has directed the launch of the ‘UAE Cultural Development Fund’, which will be overseen by the Ministry of Culture and Knowledge Development. The Fund’s key objectives include providing necessary funds to support cultural activity within the country ...

  Read More »
• 5 February

  Khalifa issues decrees on ratifying bilateral pacts

  Abu Dhabi / WAM President His Highness Sheikh Khalifa bin Zayed Al Nahyan issued a range of federal decrees to ratify bilateral agreements between the UAE and several friendly countries, and the establishment of a UAE Consulate in Nigeria. His Highness Sheikh Khalifa also issued a federal decree to appoint two Emirati diplomats. The Official Gazette shall publish these decrees ...

  Read More »
• 5 February

  VP sets digital certification, electronic connectivity fees

  Abu Dhabi / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of UAE and Ruler of Dubai, issued Cabinet Decree No. 62 of 2017 concerning developing fees for Electronic Connectivity Project and Digital Certification Portal services provided by the Federal Authority for Identity and Citizenship. The Decree sets a fee of AED5 per transaction for ...

  Read More »
• 5 February

  UAE a leading nation in safe use of internet, says Sheikha Fatima

  Abu Dhabi / WAM HH Sheikha Fatima bint Mubarak, Chairwoman of the General Women’s Union, President of the Supreme Council for Motherhood and Childhood, and Supreme Chairwoman of the Family Development Foundation, has stated that the UAE is a leading country in the safe use of the Internet, and is always working to raise the public’s awareness, especially among young ...

  Read More »