May, 2016

• 31 May

  ‘Dubai to play host to 1 million cruise passengers by 2020’

  

    Dubai / Emirates Business Dubai’s strategic vision for cruise tourism targets one million cruise passengers to visit the emirate per year starting 2020, revealed Sultan Ahmed bin Sulayem, Chairman and CEO of DP World and Chairman of Ports, Customs and Free Zone Corporation. The strategy was the focus at a meeting that brought together Sultan Ahmed bin Sulayem, Major ...

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• 31 May

  Mergers and acquisitions new mantra for corporate success

  

    OUR CORRESPONDENT / Emirates Business Mergers and acquisitions have been dominating the business ecosystem in UAE. At a time when financial institutions are shying away from giving easy loans and big lenders are becoming more cautious while releasing funds, mergers and acquisitions is emerging as a clear-cut mantra for corporate success. One such recent merger has seen the creation ...

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• 31 May

  Bayt.com, Udemy partner to bridge the skills gap in ME

    Dubai / Emirates Business Bayt.com, the Middle East’s number one job site, has partnered with Udemy — a global marketplace for learning and teaching online — to provide job seekers in the Middle East with hundreds of courses to boost their employability and help them gain a competitive edge by mastering new skills. Bayt.com’s 25 million users can now ...

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• 31 May

  Live tech demos dominate Cards and Payments ME

  

    RITIKA SHARMA / Emirates Business Cutting-edge latest technology in payments saw the light of day at the 2016 edition of Cards & Payments Middle East — the region’s largest payment and banking solutions gathering, which opened at the Dubai International Convention & Exhibition Centre. While on one hand, visitors explored how to recharge from a fuel station, on the ...

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• 31 May

  Ajman sees 20% rise in visitors

  

    Ajman / WAM The number of guest arrivals into the Emirate of Ajman during the first quarter of the year has increased by 20 percent, generating total tourism revenue of AED108million, according to tourism statistics released today by the Ajman Tourism Development Department (ATDD). The total guests from January to March 2016 was reported at 142,404 and delivered 313,724 ...

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• 31 May

  Masdar collaboration suggests feasibility of carbon capture

  

    Abu Dhabi / Emirates Business Findings from a study conducted by the Masdar Institute of Science and Technology reveal that the novel carbon capture and utilization technology developed by UAE-based ENGSL Minerals DMCC (the technology partner of EnPro) could capture up to 1.3 million tons of carbon dioxide (CO2) annually, or 85% of total CO2 emitted by a typical ...

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• 31 May

  RAK free zone recognised for innovative progress

  

    RAS AL KHAIMAH / Emirates Business Ras Al Khaimah Free Trade Zone (RAK FTZ) has been honoured by the Emirates and Europe Economic Forum with an Innovation Award, winning the category of “Innovative Development of Free Zones”. The event took place in Warsaw, Poland, from May 17-18. “Being named as the most innovative free zone gives us great honour ...

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• 31 May

  Canon Middle East bags award for CSR efforts

    Dubai / Emirates Business Canon Middle East, a leader in imaging solutions, won the first prize in the Best Environmental Sustainability Programme/Initiative Category of the recently concluded Ta’atheer Awards 2016 in Dubai, an award that measures the social impact of organisations’ CSR efforts. Canon was recognised for its holistic view as it strives to conduct business in a responsible ...

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• 31 May

  Rehabilitation for offenders through reading

  

    Sharjah / Emirates Business A delegation from Knowledge without Borders (KwB), the Sharjah based cultural project, recently visited the Department of Punitive and Reformatory Establishments in Sharjah. On the agenda for the meeting was the effective rehabilitation of criminals through the habit of reading, with the aim being to successfully reintroduce them into society as model citizens. Headed by ...

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• 31 May

  Middle East funds more cautious on equities, bonds

  

    Reuters Middle East fund managers have grown more cautious about building positions in both equities and fixed income, partly because of the risk of a U.S. interest rate hike as soon as June, a monthly Reuters poll showed. The poll of 14 leading fund managers, conducted over the last 10 days, shows 21 percent anticipate reducing allocations to Middle ...

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