Business

$9 million for a plate numer

$9 million for a plate numer

03 Nov 2016

Indian businessman Balwinder Sahani paid 33 million dirhams ($9 million) for a Dubai license plate for one of his Rolls Royces. Plate ‘D5’ was sold at a government auction on Saturday, according to local media reports. Sahani, who owns a property management company, also purchased another plate for 1 million dirhams. He bought the number O9 last year at an auction for 25 million dirhams, reporting Independent.Auctions of license plate numbers are a big draw in the United Arab Emirates where... Read More

First UAE Edition of World Rafting Championship takes off today at Al Ain’s Wadi Adventure!

First UAE Edition of World Rafting Championship takes off today at Al Ain’s Wadi Adventure!

02 Nov 2016

The first-ever UAE edition of the World Rafting Championship (WRC) organized by the International Rafting Federation begins today (Tuesday, November 1, 2016) at Al Ain’s Wadi Adventure, the Middle East's pioneering whitewater rafting, kayaking and surfing destination. The 87 competing teams from 28 countries are all set to show off their skills in the R4 (four-man) -class tournament which will pit them against each other in the Sprint, Head-to-Head (H2H), Slalom and Downriver disciplines for... Read More

DDF signs MOU’s with CTRIP and  UnionPay International during Dubai Week in China

DDF signs MOU’s with CTRIP and UnionPay International during Dubai Week in China

02 Nov 2016

Dubai Duty Free (DDF) joined a number of Dubai’s leading entities for the “Dubai Week in China: Shanghai” (27th-29th October), a Falcon and Associates initiative supported by the Shanghai Municipal Commission of Commerce (SMCC), at The Langham Hotel and The House in the bustling Xintiandi district.

 Aimed at celebrating the thriving bilateral relationship that exists between Dubai and China, the event creates connections for future mutual growth among government officials, business... Read More

UAE Vice President receives Belarusian President

UAE Vice President receives Belarusian President

02 Nov 2016

WAM -- The UAE opens its doors to friends and brothers from other countries because it believes in the importance of communicating and holding talks with their governments, Vice President and Prime Minister of the UAE and Ruler of Dubai His Highness Sheikh Mohammed bin Rashid Al Maktoum, said on Tuesday while receiving President of Belarus Alexander Lukashenko at Zabeel Palace.

The country also believes in shortening distances between peoples of the UAE and other countries as well as... Read More

Govt. of Dubai sponsors US$3 bn airports finance deal

Govt. of Dubai sponsors US$3 bn airports finance deal

02 Nov 2016

WAM -- Dubai’s two international airports are set for a capacity-boosting, capex-fueled expansion that will enable them to serve up to 146 million passengers by 2025, due in large part to a proposed initial US$ 3bn financing transaction announced on Tuesday by the government of Dubai.

Already, Dubai International Airport (DXB) is the world’s largest international airport at 78m passengers in 2015, with a 13 percent average compound annual growth rate since 2000. The new Al Maktoum... Read More

12th Council meeting of IRENA begins in Abu Dhabi on 1st Nov.

12th Council meeting of IRENA begins in Abu Dhabi on 1st Nov.

02 Nov 2016

ABU DHABI, 1st November 2016 (WAM) - More than 300 high-level government representatives from 100 countries – the largest number ever represented at an IRENA Council meeting – gathered today in Abu Dhabi to attend the 12th Council of the International Renewable Energy Agency (IRENA).

At the outset of the meeting, IRENA’s Director-General Adnan Z. Amin, presented the annual report of the Agency’s work.

"When we started out just over five years ago, many were not convinced of the... Read More

Heavyweight Russian Quartet Powers Into Gulfood Manufacturing

Heavyweight Russian Quartet Powers Into Gulfood Manufacturing

01 Nov 2016

A quartet of Russian food manufacturing machinery heavyweights will debut the expertise they hope will transform them from major equipment importers to exporters at next week’s Gulfood Manufacturing, which runs 7-9 November at Dubai World Trade Centre (DWTC).

The four: Dito Group; Kropotkin Plant; Shokolend Co. and Unity Food Machinery will go out to demonstrate their standing at the vanguard of a Russian domestic food manufacturing revolution that is evolving the Federation from a... Read More

Dubai Chamber briefing highlights Kazakhstan’s investment potential

Dubai Chamber briefing highlights Kazakhstan’s investment potential

01 Nov 2016

As part of its efforts to explore investment opportunities in promising markets, the Dubai Chamber of Commerce and Industry in cooperation with Kazakhstan’s National Agency for Export and Investment (KAZNEX INVEST) and the Embassy of the Republic of Kazakhstan to the UAE, hosted the Kazakhstan Export Briefing today in Dubai.

The event was attended by H.E. Kairat Lama Sharif, Ambassador of Kazakhstan to the UAE, H.E. Sergey Karplyuk, Deputy Mayor of Kazakhstan’s Kostanay Region, and H.... Read More

It’s ‘A New World Everyday’ as the 21st Global Village opens today and runs up to 8th April 2017!

It’s ‘A New World Everyday’ as the 21st Global Village opens today and runs up to 8th April 2017!

01 Nov 2016

The region’s first multicultural festival park Global Village unfurls a unique fusion of exciting shopping options, an amazing range of delicious street food experiences as well unique entertainment events offering an enriching cultural experience. In short, it’s a happiness destination by itself aimed at every member of the family and every strata of society.   

 The 21st edition features over 75 countries across 30 pavillions where guests can buy authentic souvenirs from across the... Read More

Dubai Customs streamlines operations at the Dubai Creek employing smart technology, drones and The Customs Umanned Submarine

Dubai Customs streamlines operations at the Dubai Creek employing smart technology, drones and The Customs Umanned Submarine

01 Nov 2016

The Dubai Creek, situated in the centre of Dubai and flowing between Bur Dubai and Deira, is where trade with the outside world began for the emirate more than a century ago. Dubai Creek has always boasted both historical and economic significance. As a commercial hub and a tourist attraction, the creek has remained the very "heart" of the city.

Dubai Customs pays great attention to the harbour and works towards enhancing the waterway’s contribution to streamlining trade flow in... Read More

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