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Month: April 2018

Posted on 04/04/2018

Sixth Turkish Airlines World Golf Cup played in Dubai

and will fly Business Class in Turkish Airlines and stay at the five-star Titanic Golf Deluxe Hotel. Abdul Moiz Khan will represent Dubai there after winning the competition with 43 points, while Marghoob Ali Khan was runner-up, Baris Saysel was third.
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Posted on 04/04/2018

France’s Accor to open first SO/ luxury hotel in Dubai

board room and business centre, pre-function space and 1,400sqm fitness centre and health club witha gym, pool and spa. It will form part of the Uptown Dubai district, under development by free zone operator Dubai Multi Commodities Centre (DMCC …
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Posted on 04/04/2018

GCC bank profits showed resilience in 2017 even as revenues fall sharply

BCG Banking Performance Index measures 44 banks across the GCC, representing 80 per cent of the regional banking market. Banks in the UAE were the most profitable in the GCC, netting in $20.4 billion in 2017 compared to $20.3bn in 2016, a 0.5 per cent …
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Posted on 03/04/2018

AP Interview: Somaliland president defends UAE military deal

The lease for the base is for 25 years. “Yes, we are allied to the United Arab Emirates and to Saudi (Arabia),” Abdi said. “All our business, main assets, are in Dubai. All our imports depend on United Arab Emirates, their ports,” he said. “We have …
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Posted on 03/04/2018

Smart system to detect vehicles with expired registration in Abu Dhabi

Abu Dhabi: Abu Dhabi Police will activate a new smart detection system to catch motorists with expired vehicle registration in the capital from April 15, the police announced on Tuesday. The new system will detect vehicles with expired registration and …
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Posted on 03/04/2018

Swiss power firm wins $90m deal for Dubai solar project

Swiss-based ABB has won an order worth more than $90 million from Dubai Electricity and Water Authority (DEWA) to build a substation that will integrate solar power from upcoming phases of the Mohammed bin Rashid Al Maktoum solar park into the city’s …
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Posted on 03/04/2018

UAE’s non-oil private sector growth eases in March

Dubai: Growth momentum in the non-oil private sector continued … Some clients linked the rise to new project wins. Incoming new business remained in sharp growth territory, posting above the long-run average in March. The rate of expansion was at a …
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Posted on 03/04/2018

‘Isaaf’ is new brand name for Dubai ambulance products

Dubai: Dubai Corporation for Ambulance Services (DCAS) has started branding its products like first aid kits under the new ‘Isaaf’ brand name, with plans to brand equipment and vehicles in ambulatory services in the future, officials announced on …
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Posted on 03/04/2018

SHUAA to act as liquidity provider to Bank of Sharjah

Dubai: Bank of Sharjah said it has engaged SHUAA Capital International as liquidity providers for its shares and will commence the activity from April 4. SHUAA Capital International shall not hold more than 5 per cent stake in the bank at any point …
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Posted on 03/04/2018

Societe Generale sets eyes on more Saudi deals as bank expands in MidEast

The Paris-based lender on Monday said it created four new positions in its Middle East hub in Dubai. Amine Jaoui will lead public sector coverage focusing on the bank’s relationships with governments, central banks and sovereign wealth funds, while …
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Posted on 03/04/2018

Sharjah Ruler mourns Ahmad Bin Mohammad

Sharjah: The Court of His Highness Dr Shaikh Sultan Bin Mohammad Al Qasimi, Supreme Council Member and Ruler of Sharjah, on Tuesday mourned Shaikh Ahmad Bin Mohammad Bin Sultan Al Qasimi, who passed away in the morning. Shaikh Ahmad was the brother of …
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Posted on 03/04/2018

‘No minimum wage policy in UAE’

Abu Dhabi: The Ministry of Human Resources and Emiratisation today (Tuesday) said the government has no plans to implement a minimum wage policy. The ministry said in a statement, received by Gulf News, that wages – including for domestic workers …
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Posted on 03/04/2018

ABB technologies to enable expansion of solar park in Dubai

ABB has won an order worth more than $90 million from Dubai Electricity and Water Authority (DEWA), the leading power utility in United Arab Emirates (UAE), to build the Shams 400 kV substation that will integrate solar power from upcoming phases of the …
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Posted on 03/04/2018

UAE industrial giant posts 18% jump in revenues

In addition, the financial results of Abu Dhabi-based Senaat confirmed … 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 03/04/2018

Sharjah helps restore African library destroyed by fire

Sharjah: A well-loved library in West Africa destroyed by fire in 2012 has been restored thanks to the generous support of His Highness Dr Shaikh Sultan Bin Mohammad Al Qasimi, Member of the Supreme Council of the UAE and Ruler of Sharjah. The Government …
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Posted on 03/04/2018

Dubai-bound flyers stranded for 6 hours after bird hits plane

Dubai: A number of Dubai-bound passengers were stranded for … may have caused to their travel schedules,” the airline said in a statement sent to Gulf News. According to reports, the plane managed to land at past 7am in Sri Lanka and was cleared …
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Posted on 03/04/2018

Filipino talk show launched in Dubai

Dubai: A high-spirited, colourful talk show geared towards the Filipino community has been launched by Gulf News on April 4. The show forms part of the publisher’s aim to reach out to different communities in the UAE. “Halo-halong Kwento”, Tagalog for …
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