August, 2017

• 6 August

  Ajman Free Zone eyes investments from five new global markets

  

  Ajman / Emirates Business In a significant enhancement of its initiatives to attract investments into the UAE from global markets, Ajman Free Zone (AFZ), said that it has identified five new key markets where it will set up hub offices this year as part of its global investor outreach strategy. In a statement, AFZ said the expansion of the free ...

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• 6 August

  Abu Dhabi Ports gets ISO certification for business continuity management

  ABU DHABI / WAM Abu Dhabi Ports, the master developer, operator and manager of commercial and community ports within the emirate of Abu Dhabi, in addition to the Port of Fujairah and the Khalifa Industrial Zone Abu Dhabi, has been awarded the ISO 22301 certification for its Business Continuity Management System (BCMS). The certification is a business continuity management benchmark, ...

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• 6 August

  Lootah Real Estate inks deal to build 1mn sqft of homes at Dubai South

  

  DUBAI / WAM Lootah Real Estate has signed a deal with Dubai South to develop more than one million square foot of housing units at the site’s residential district. The agreement, which is a joint venture between Lootah Real Estate and Dubai South, will result in the construction of 1,150,548 sq ft of residential units over a number of phases. ...

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• 6 August

  Empower to showcase district cooling at green economy summit

  DUBAI / WAM Emirates Central Cooling Systems Corporation (Empower), the world’s largest district cooling services provider, is to participate in the fourth edition of World Green Economy Summit (WGES 2017), organised under the patronage of HH Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, set to be held on October ...

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• 6 August

  Etisalat’s goodwill amounts to AED14.65bn in first half

  

  Abu Dhabi / WAM Etisalat’s goodwill amounted to AED14.65 billion during the H1 of 2017 from AED14.09 billion during the corresponding period in 2016. The growth translates the company’s resounding success in keeping its eminent position as a leading entity at the communications sector, not only in the UAE only but also in the Arabian Gulf and Middle East region ...

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• 6 August

  DEWA calls for entries to Dubai solar show

  

  DUBAI / WAM Dubai Electricity and Water Authority (DEWA) has invited companies involved in solar photovoltaic (PV) technology to participate in the second Dubai Solar Show; the region’s largest solar energy exhibition, organised by DEWA, in conjunction with the 19th Water, Energy, Technology, and Environment Exhibition (WETEX) 2017. Both events are organised under the directives of Vice President and Prime ...

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• 6 August

  Gulf Capital signs strategic partnership with EWS-WWF

  

  ABU DHABI / WAM Gulf Capital, an Abu-Dhabi based alternative asset management company, announced a long-term ‘platinum’ corporate membership with Emirates Wildlife Society in association with WWF (EWS-WWF), the local environmental NGO which is committed to protecting the UAE’s natural heritage. As a platinum member, Gulf Capital will support EWS-WWF’s initiatives in the UAE, including marine and terrestrial conservation, environmental ...

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• 6 August

  Shams, Shurooq explore opportunities for growth

  

  Sharjah / Emirates Business In the presence of Sheikh Sultan bin Ahmed Al Qasimi, Chairman of the Sharjah Media Council; HE Dr Khalid Omar Al Midfa, Chairman of the Sharjah Media City (Shams) met HE Marwan Bin Jassim Al Sarkal, CEO of Sharjah Investment and Development Authority (Shurooq), at the interim premises of Shams. The meeting was an occasion to ...

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• 6 August

  Next phase of FAB brand roll-out in H2

  ABU DHABI / WAM First Abu Dhabi Bank (FAB), the UAE’s largest bank and one of the world’s largest financial institutions, has confirmed that the next phase of its brand roll-out will be launched during the second half of the year. During the coming months, the bank will start to install new FAB signage across First Gulf Bank and National ...

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• 6 August

  More residents turn to Abu Dhabi’s affordable housing market

  

  ABU DHABI / Emirates Business Employment uncertainty and the rising cost of living continues to build deflationary pressures in the residential leasing market. As a result, residents are becoming increasingly cautious with their spending and gravitating towards affordable housing options, according to the latest Abu Dhabi MarketView by global real estate consultancy firm CBRE. As of Q2 2017, average rentals ...

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