Middle East

Date
2019-09-24

The Sharjah Investment and Development Authority (Shurooq), a government body that seeks to attract foreign investment into the Emirate of Sharjah, completed on 19 September 2019, a week-long mission organized by the U.S.-U.A.E. Business Council to Pittsburgh and Raleigh-Durham, North Carolina. The mission was led by H.E. Marwan Al Sarkal, Executive Chairman of Shurooq, and included representatives from Sharjah FDI O…


2019-09-24

In a continuous effort to improve business efficiency and ensure ease of doing business, the Abu Dhabi Global Market (ADGM) Registration Authority has launched an instant licence renewal service for entities registered at ADGM. The new instant licence renewal service will allow registered entities to efficiently complete licence renewals through the Online Registry Solution, once the renewal form is submitted. Entities will also be able to c…


2019-09-24

Retailers need to adopt digital transformation strategies and keep pace with the rising customer demands to stay ahead of the competition. Customers now demand a more engaging and personalised in-store experience, pushing retailers to consider new digital transformation and Artificial Intelligence tools that can help them acquire, engage and retain their customers efficiently, said Esam Mahmoud, Senior Vice President, Small and Medium Business, E…


2019-09-24

Dubai Chamber of Commerce and Industry recently hosted its Exporter of the Month ceremony at its head office where 8 member companies were recognised for outstanding export performance during the first 8 months of 2019. GTCS Trading DMCC and DBMSC Steel FZCO were both recognised as companies reaching the highest export value, while Hitech Industries FZE and Bericap Middle East FZE received the honour for having the highest number of export market…


2019-09-24

Supporting the Dubai government’s Smart City vision, Mastercard, a technology leader in the global payments industry, has entered a partnership with the Dubai Roads and Transport Authority (RTA). The partnership will enhance Mastercard support for RTA in enabling frictionless, faster and more secure public transport tariff payment and simplify the journey for commuters as part of its global digital payments economy and City Possible initiat…


While the digital media landscape can be seen as quite a cluttered and crowded one, Waqar points toward The Tempest's offerings as having enabled it to stand out in this field Mashal Waqar is today known as the co-founder and COO of the 2016-founded global media startup,The Tempest- but her role at the company didn’t start out like that. She joined the enterprise as an editorial fellow when she was still a senior in college studying compute…


Abu Dhabi-based Mubadala Investment Company on Monday announced that it has signed an agreement to invest up to $500 million in Cologix, the data centre company, subject to regulatory approvals. The company said the transaction will provide significant investment for Cologix for growth in both the United States and Canada. It added that Cologix has built a leading position for hyperscale and colocation data centre services in its markets. The inv…


Emaar Properties has announced its entry into the coffee chain market with the opening of the first Emaar Café, located in the Fashion Avenue of The Dubai Mall. A new concept from Emaar, the café offers an environment for visitors to network, socialise and relax in a casual setting, the company said in a statement. It added that Emaar Café is set to "redefine the notions of the welcoming Arab coffee house culture to the next …


The Expo 2020 Dubai Higher Committee, led by Sheikh Ahmed bin Saeed Al Maktoum, has announced that it is on scheduled to deliver the "world's greatest show". Sheikh Ahmed, also chairman of Dubai Civil Aviation Authority, chairman Dubai Airports and chairman and chief executive of Emirates Airline and Group, convened the meeting to hear the latest updates in preparing to host the Expo next year. The high level taskforce, entrusted with steering pr…


Al-Jouf in Saudi Arabia, known as the land of olives, is an area deep-rooted in history and biodiversity. Due to its moderate climate and fertile land, it has become known as “The Kingdom’s food basket.” Al-Jouf is an area steeped in civilizational, cultural and archaeological heritage and historical diversity. Signs of stability in the region in the prehistory era can be found at the most ancient archaeological site, Al-Shouweh…


A beach cleanup program targeting marine waste has been launched by the Red Sea Development Co. (TRSDC), the Saudi Press Agency reported.The firm, which is behind the development of a luxury seafront tourism destination in Saudi Arabia, is already developing a range of environment-friendly policies such as zero-waste-to-landfill, zero-discharge-to-the-sea, zero-single-use plastics, and achieving 100 percent carbon neutrality. On Saturday it launc…


Two young women are using the power of art to improve the lives of young people in Cairo. The Doodle Factory, founded by Yasmin Khamis and Farah El-Masry, is an Egyptian brand that collaborates with different stakeholders to help vulnerable children through their personal drawings. It uses children’s designs to decorate everyday lifestyle products for consumers, such as handbags, pencil cases and place mats. Proceeds from product sales go t…


CNN International, which reaches more than 400 million households around the world, has announced plans to add another hour of programming from its Abu Dhabi production centre. The broadcaster said it is also launching two new evening programmes from its London bureau from September 23. CNN International said it is expanding Connect the World with Becky Anderson, the network’s flagship daily programme anchored live from CNN Abu Dhabi, by an…


Prime Minister Saad Al-Hariri spoke to the Saudi finance minister on Saturday about support for the Lebanese economy and preparations for the first meeting of a bilateral council, his media office said. Saudi Finance Minister Mohammed Al-Jadaan said on Wednesday that Riyadh was in discussions with the Lebanese government about providing financial support, lifting Lebanon’s dollar-denominated government bonds. Lebanon, one of the world&rsquo…


Flydubai plans to grow its fleet to 236 aircraft over the next 10 years, up from 57 today, according to a senior executive. The fleet expansion will allow the Dubai-based carrier to extend its operations to more destinations in the Middle East and further afield, Sudhir Sreedharan, Flydubai’s vice president, commercial operations told Arabian Business. “This will continue to support further network growth.” Sreedharan did not di…


Saudi Aramco has added banks including Barclays Plc, BNP Paribas SA, Deutsche Bank AG and UBS Group AG as bookrunners on its planned initial public offering as it pushes ahead with plans for the blockbuster deal, people with knowledge of the matter said. The energy giant also picked Credit Agricole SA, Gulf International Bank BSC and Societe Generale SA, the people said, asking not to be identified because the information is private. Aramco is pl…


2019-09-22

Gulf Air, the national airline of the Kingdom of Bahrain, and Etihad Airways, the national airline of the United Arab Emirates, have added four airports in the United States of America to the list of cities served by the existing codeshare agreement for travel commencing 23 September 2019. The addition of the new destinations further strengthen the solid ties between the two countries and carriers by continuing to enjoy a strong and robust relati…


2019-09-22

HE Saeed Mohammed Al Tayer, MD & CEO of Dubai Electricity and Water Authority (DEWA), has inspected the construction of the 4th phase of the Mohammed bin Rashid Al Maktoum Solar Park, which is the largest single-site Concentrated Solar Power (CSP) project in the world. Based on the Independent Power Producer (IPP) model, the fourth phase will generate 950 megawatts (MW) with an investment of AED 15.78 billion. During the visit, Al Tayer was a…


2019-09-22

Preliminary rounds held on 17-18 September 2019 at DMCC Coffee Centre Over 700 coffee enthusiasts watched professional baristas compete over two days Finals to be held on 22 September for a coveted spot at World AeroPress Championships DMCC’s involvement in the project underlines its commitment to growing the speciality coffee scene in Dubai and the UAE   DMCC – the world’s flagship Free Zone and Government of Dubai Author…


2019-09-22

The Board of Directors of Roads and Transport Authority (RTA) has awarded a contract for constructing two bus stations at Oud Metha and Al Satwa in a session chaired by HE Mattar Al Tayer, Director-General and Chairman of the Board of Executive Directors of RTA. The stations accommodate integrated facilities for bus riders including parking spaces, pick-up and drop-off points, retail outlets, restaurants and offices.  “The construction…


The experience one gains in a first job can be a critical factor in success or failure in starting a business From the United Nations Sustainable Development Goals (SDGs), to municipal government policies, youth employment is recognized as one of the most pressing issues facing the Middle East and North Africa (MENA) today. With a youth unemployment rate of 30%, the MENA region continues to be the hardest place in the world for young pe…


The co-founder and Managing Director of the Dubai-headquartered Solutions Leisure Group relives a few moments from his childhood in the UK, when he, as a dyslexic child, found his entrepreneurial kicks This is an edited excerpt from When I Woke Up – The True Story of Paul Evans as told by Carolyn Coe, one man’s inspiring story of starting rough, making mistakes, personal suffering, and the raw grit it takes to get back …


Saudi Aramco has emerged from attacks on its oil facilities “stronger than ever,” Chief Executive Amin Nasser told employees in a message, adding that full oil production would resume by the end of this month.The Sept. 14 attacks on the Abqaiq and Khurais plants, some of the kingdom’s biggest, caused raging fires and significant damage that halved the crude output of the world’s top oil exporter, by shutting down 5.7 milli…


  Berlin-based Circ is the first regulator-approved to deploy e-scooters in the UAE and broader Middle East as Abu Dhabi seeks to diversify transport options in the city. Abu Dhabi’s Integrated Transport Centre (ITC), which last month said it was piloting e-scooter rentals for use on pedestrian and cycle paths in a bid to reduce traffic, revealed that Circ has now been licensed. Abdullah Alaryani, director of Traffic Studies Departmen…


2019-09-21

Emirates is once again pushing the boundaries of technology, becoming the first airline outside America to receive approval for biometric boarding from the U.S. Customs Border Protection (CBP). Soon, customers flying from Dubai to any of Emirates’ 12 destinations in the U.S. will be able to choose facial recognition technology at the departure gates, reducing the time taken for identity checks to two seconds or less. No pre-registration is …


2019-09-21

 In recognition of the remarkable status of the UAE and its national leadership capabilities, the UAE won membership of International Standardisation Organisation- ISO council (group 3) for 2020/2022, as the UAE garnered 64 votes out of 108 in the vote at the ISO meeting. The Emirates Authority for Standardisation and Metrology, ESMA, obtained most of the ISO members states’ votes during the ISO General Assembly meetings held Friday, i…


2019-09-21

The inaugural edition of the EuroTier Middle East 2019 that concluded at the Abu Dhabi National Exhibition Center recently facilitated trade deals worth AED100 million, and attracted over 10,892 visitors during its three-day run, the event organising committee announced. Held under the patronage of H.H. Sheikh Mansour bin Zayed Al Nahyan, Deputy Prime Minister and Minister of Presidential Affairs, and Chairman of Abu Dhabi Agriculture and Food Sa…


2019-09-21

 The Sharjah Research, Technology and Innovation Park, SRTI Park, has received a delegation of Polish businesswomen representing various sectors including technology and smart industries. The visit is aimed at exploring business opportunities and services offered by the Park to investors and ways to enhance economic cooperation between SRTI Park and the Polish business community. Hussain Al Mahmoudi, CEO of SRTI Park, expressed his delight a…


Petroliam Nasional Bhd (Petronas) president and chief executive officer Tan Sri Wan Zulkiflee Wan Ariffin will be visiting Abu Dhabi next month to form a joint working committee to explore viable commercial opportunity with Abu Dhabi National Oil Company (Adnoc). This confirms a NST Business report of a maiden collaboration between the two oil giants. “We are looking at opportunities for the time being. Next month, I am going to Abu Dhabi a…


2019-09-21

he much-awaited GCC PropTech Time Summit 2019 held on 17th September saw industry experts from around the world convening for carefully curated and power-packed sessions about proptech.    The event was organised by Bahrain Economic Development Board and HexGn, with sponsorship support of Diyar Al Muharraq and in partnership with JLL, RICS, and Arabnet.   The event was kicked off with a keynote address by Ahmed Alammadi, the CEO of…


2019-09-21

The Conservation Team at Dubai Electricity and Water Authority (DEWA) organised 14 visits to government schools in Dubai as part of its annual participation in the Marhaba Madrasati (Welcome my School) initiative, organised by Dubai Education Zone during the new academic year. The visits are part of DEWA’s efforts to establish a culture of responsible use of resources among society members, especially students. The initiative targeted 5,000…


2019-09-21

Emirates is serving its guests Bavarian specialties on board and in its airport lounges to celebrate Oktoberfest this year. From 21 September to 6 October 2019, customers between Dubai and Germany will be able to enjoy regional food and drinks in all classes of travel on board. Bavarian snacks in the Onboard Lounge First Class and Business Class customers will once again have the opportunity to clink their glasses with original Oktoberfest beer i…


2019-09-21

Dubai’s Roads and Transport Authority is offering 100 exclusive car registration plates encompassing two, three, four and five-digits in its forthcoming 102nd Open Auction. Plates on offer bear (H-I-K-L-M-N-O-P-Q-R-S-T-U-V-W-X-Z) codes. The auction will include 20 plates coded EXPO offered for the first time in recognition of Expo 2020 Dubai, which opens on October 20, 2020 year.  Registration for the auction starts on Sunday 22 Septem…


Mövenpick Hotel & Apartments Bur Dubai has renovated its property for an estimated US$12 million. The refurbished rooms are now more spacious and the hotel also includes a Korean spa. As part of its refurbishment, the five-star property renovated its 256 guestrooms, suites. The rooms now have a new colour scheme when it comes to furniture, spacious re-designed bathrooms and hi-tech in room equipment. The spa, which saw an investment…


The prospecting and remaining resource assessment study was conducted by CGG Geoscience’s Houston team and, importantly, involved KGOC experts embedded in the team for the duration of the project CGG announced today that its Geoscience division has completed, five months early, the multi-year integrated geoscience study awarded by Kuwait Gulf Oil Company (KGOC) in early 2017. The study’s main objective was to identify resource gr…


Joining the world of on-demand services is UAE startup CAFU, which offers an on-demand fuel delivery service If you ever find yourself too busy or impatient to wait in line to get fuel at the gas station, here’s one venture that you should perhaps be looking into. Joining the world of on-demand services is UAE startup CAFU, which offers an on-demand fuel delivery service, thereby saving time queuing up at fuel stations, reducing c…


Sunglasses required Nothing like a little bit of shine to grab our attention, especially when it looks this decadent. Alexander McQueen is treating it’s Dubai fans to a collection of four gold handbags, which will be available at the Dubai Mall flagship boutique. Dazzle your next outfit with one of the two Spider Jewelled satchels, or with one of the beautifully crafted Box Clutches. Drawing inspiration from the natural world, the bag&rsquo…


The UAE's Ministry of Climate Change and Environment (MOCCAE) has revealed how it is using artificial intelligence (AI) to tackle food waste. A new AI-enabled product, called Vision, allows kitchens to automatically track food wastage by leveraging AI, state news agency WAM reported. Food tech company Winnow launched the product that aims to help chefs easily identify what items are routinely wasted and adjust their purchasing lists and menus to …


The first activities of the Saudi General Authority for Entertainment (GAE) kicked off on Thursday evening in celebration of the kingdom’s National Day on September 23 in the province of Jeddah. The festivities were held on Prince Mohammed Bin Abdulaziz Street and Corniche Road with performances of national songs and fashion shows representing Saudi cultural heritage, the Saudi Press Agency reported. The events also included workshops for c…


 Indonesia’s ambassador to Yemen discussed investment opportunities in the country with Yemeni officials in Hadhramout on Thursday, Saba News reported. Hadhramout Local Authority and Leaders of Industrial and Commercial Chamber of Hadramout met with Ambassador Mustafa Tawfiq to discuss ways to strengthen trade exchange between the two countries. The ambassador expressed Indonesia’s interest in various fields including scholarship…


A first-of-its-kind in the UAE, Crossfire explores a range of contrasting views on some of the region’s key issues, tapping into some of the everyday conversations generating heated debate across the region’s offices and social platforms A weekly show from ABTV, the online television arm of Arabian Business, the format features two speakers with opposing views on a key topic, with the debate running for around 20 minutes. The discussi…


National Payments Corporation of India, developer of the RuPay card brought to the UAE last month by Prime Minister Narendra Modi, plans to introduce its UPI digital payment system in the Emirates next year. “I don't think there's any doubt in anyone's mind that the UAE is one of the most important corridors for India,” said Praveena Rai, chief operating officer of NPCI, at a press conference in Dubai on Thursday. “India is the …


2019-09-20

On the sidelines of His Royal Highness Prince Salman bin Hamad Al Khalifa, Crown Prince, Deputy Supreme Commander and First Deputy Prime Minister’s official visit to the United States of America, Gulf Air, the national carrier of the Kingdom of Bahrain, received yesterday its seventh Boeing 787-9 Dreamliner at Dulles International Airport in Washington DC. The event, which took place ahead of Gulf Air’s 70th anniversary, was attended …


2019-09-20

- "The perfect 10" promotion offers a significant 10% discount on unit prices and a 2% waiver on registration fees - Buyers to enjoy 10-year long benefits of waiver on service charges, free home maintenance, and free membership to Yas Island's theme parks Aldar Properties PJSC ('Aldar') announced today a set of exceptional promotions that are offered for the first time on 10 of its leading residential developments in Abu Dhabi. Custome…


2019-09-20

Air Arabia, the Middle East and North Africa’s first and largest low-cost carrier, now offers direct flights between Sharjah and Vienna. The non-stop six-hour flight to Vienna, will operate four times a week, on Sundays, Wednesdays, Fridays and Saturdays, and will be expanded to daily flight service as of mid-December. Adel Al Ali, Group Chief Executive Officer of Air Arabia and Julian Jäger, Joint CEO and COO of Vienna Airport offic…


2019-09-20

Hailing a taxi is now something you can do inside the airport, as well as outside, thanks to the new taxiDXB service available in DXB’s Concourse B. The only difference is that taxiDXB is free. Launched with the aim of making the customer journey through DXB’s linear concourses easier, the fleet of 15 eight-seater buggies are now readily available at pick-up points around the arrivals and departures level of concourse B, or to ju…


2019-09-20

Dubai’s Roads and Transport Authority (RTA) has briefed a visiting delegation from the Kingdom of Saudi Arabia about RTA’s asset management models and practices. The visit was coordinated with the Ministry of Infrastructure Development together with entities concerned with roads and transport in the UAE.  The briefing covered the planning for asset procurement, numbering, monitoring performance, stocktaking and replacement. Discu…


EMBATTLED water firm Hyflux and three of its subsidiaries on Thursday applied to the court for a further two-month extension of their debt moratorium, until November. The applications for this extension will be heard at a court hearing on Sept 30, when its previous extension will expire, Hyflux said in a bourse filing late on Thursday night. Last month, the company rebutted an assertion by potential white knight Utico that they had struck a rescu…