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Month: April 2018

Posted on 23/04/2018

World Earth Day: Middle East’s solar projects are growing

READ: What is leading UAE’s $820bn constructions? In one of its latest initiatives, Saudi Arabia has signed a memorandum of understanding with Softbank, Japanese multinational, to construct a sprawling solar power unit of 200 GW by 2030. Pegged as world …
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Posted on 23/04/2018

UAE poised to benefit from China’s Belt & Road Initiative: HSBC

“It is fitting that a dialogue on the New Global Trade Order is happening here in the UAE, which is the gateway to growth in the Middle East and beyond and which World Bank data shows is a crucial meeting point for two-way trade worth $570 billion (Dh2 …
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Posted on 22/04/2018

Sharjah Airport plans construction of new terminal

Dubai: The head of the Sharjah Airport Authority on Sunday said there are plans … director of the authority. In an interview with Gulf News at the Arabian Travel Market exhibition, Al Qasimi said the authority is currently working on the design of …
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Posted on 22/04/2018

DED Dubai and Free Zones council in pact to facilitate business for free zone entities

Dubai: The Department of Economic Development (DED) in Dubai has signed a memorandum of understanding (MoU) with the Dubai Free Zones (DFZ) Council to facilitate business operations for free zone based companies. The collaboration is driven by the shared …
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Posted on 22/04/2018

Dubai ArtBank to use cryptocurrency instead of cash

Dubai: The Dubai ArtBank, the world’s first digital bank for art, has established the emirate as a technology pioneer in the global creative economy. The art bank was launched by the Dubai Culture & Arts Authority (Dubai Culture) during the 12 edition of …
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Posted on 22/04/2018

High-rise tower in Dubai catches fire

DUBAI, United Arab Emirates — A fire broke out Sunday at a prominent skyscraper in Dubai, sending smoke billowing from its roof and those inside fleeing into the streets. An Associated Press journalist saw firefighters and police on the scene of the blaze …
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Posted on 22/04/2018

High-rise tower in Dubai catches fire; no injuries reported

DUBAI, United Arab Emirates (AP) — A fire broke out Sunday atop a prominent skyscraper in Dubai, sending smoke billowing from its roof and those inside fleeing into the streets before firefighters extinguished the blaze. No injuries were reported. An …
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Posted on 22/04/2018

Boy, 7, drowns off Abu Dhabi beach

Abu Dhabi: A seven-year-old boy from the Gulf died after drowning in Abu Dhabi beach on Saturday evening, said police. The victim’s eight-year-old brother, who was also swimming at the beach, sustained moderate injuries and was treated at Al Rahba Hospital.
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Posted on 22/04/2018

Dubai Airports and Dubai Parks and Resorts Sign Exclusive Agreement to Feature the Theme Park Destination in DXB

DUBAI , United Arab Emirates–(BUSINESS WIRE)–Dubai Airports, operator of the world’s busiest international airport Dubai International, and DXB Entertainments PJSC (DFM:DXBE) owner of Dubai Parks and Resorts the Middle East’s largest integrated theme …
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Posted on 22/04/2018

Dubai SME to Support Women’s Summit Aimed at Steminism, Feminisation and Entrepreneurism

Dubai SME has been an official partner of the Summit since the inaugural edition along with the Dubai Business Women Council (DBWC), CEO Clubs Network, American Chamber of Commerce Abu Dhabi (AMCHAM Abu Dhabi) and Young Arab Leaders (YAL). Boeing keeps its …
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Posted on 22/04/2018

Dubai economy slows in 2017

This year Dubai’s government departments have been asked to propose a series of reforms designed to boost business confidence and economic growth. These include the rationalisation of government fees and a new mortgage law.
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Posted on 22/04/2018

Demand for business loans picked up as retail credit lagged in the first quarter

Dubai: Appetite for business loans has moderately increased across the board, with the exception of the Emirate of Abu Dhabi, according to the Credit Sentiment Survey of the Central Bank of UAE for the first quarter of 2018. The survey is a quarterly …
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Posted on 22/04/2018

Business Relationship Management – Functions (Managerial Role) – Corporate – Dubai Jobs

This person is responsible for building strategic business relationships, surfacing and shaping demands to realize value in alignment with the business strategies and within agreed timelines. The purpose of Business Relationship Manager is to evaluate …
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Posted on 22/04/2018

Aviation drives rise in Dubai’s real GDP to $105bn

In 2017, the number of visitors to Dubai reached almost 16 million, growing by 6 percent compared to 2016. Subscribe to Arabian Business’ newsletter to receive the latest breaking news and business stories in Dubai,the UAE and the GCC straight to your inbox.
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Posted on 22/04/2018

Abraaj said to delay IPO of North African hospitals

The Dubai-based firm plans to sell the school stake back to CIRA … Abraaj hired Citigroup and EFG-Hermes Holding SAE to run the sale or IPO of its North African hospitals business, people familiar with the matter said in January. The business, which …
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Posted on 22/04/2018

UAE home to six of region’s top 10 valuable brands

It is a real testament to the region’s economic growth that we are seeing more world class brands emerging from the UAE,” said Andrew Campbell, Managing Director, Brand Finance Middle East. Dubai’s Emirates NBD still sits firmly as the UAE’s most …
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Posted on 22/04/2018

Boy, 7, drowns in Abu Dhabi beach

Abu Dhabi: A seven-year-old boy from the Gulf died after drowning in Abu Dhabi beach on Saturday evening, said police. The victim’s eight-year-old brother, who was also swimming at the beach, sustained moderate injuries and was treated at Al Rahba Hospital.
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