Category Archives: UAE Business News

UAE Business News: Abu Dhabi, Dubai, Ajman, Fujairah, Ras al-Khaimah, Sharjah, Umm al-Quwain

ADNOC Announces US $45 Billion Investment Plan to Become Leading Global Downstream Player

The Abu Dhabi National Oil Company (ADNOC) unveiled plans to invest US $45 billion alongside partners, over the next five years, to become a leading global downstream player. The plans were unveiled at the ADNOC Downstream Investment Forum, which took place today in Abu Dhabi, UAE. The event brought together more than 40 CEOs and 800 senior business leaders from the global oil and gas, energy, petrochemical and finance industries, as well as many other sectors. read more

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GAC’s Dubai South contract logistics facility opens

New temperature- and humidity-controlled facility brings total capacity in Dubai to over 170,000 pallet positions. read more

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“Buildeey” the First Integrated Online Platform for Construction-related Services in the UAE

Buildeey Tech – FZE, a Dubai-based company, has successfully launched the first and only integrated online platform for construction-related services in the UAE. This unique platform will provide a full range of building services both on their website (www.Buildeey.com) and through a free mobile app named “Buildeey” (available on iOS and Android devices). read more

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The United Arab Emirates Scraps VAT on precious metals

According to government news outlets, the government of United Arab Emirates has exempted the value-added tax (VAT) on gold, diamonds and precious metals. read more

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Latvia, UAE Initiates Strategic Ties in Trade Relations and Tourism

Latvia sets forth to promote its strong relations with the UAE. In an exclusive interview, Her Excellency Astra Kurme, Latvian Ambassador to the UAE marks Latvia’s centennial anniversary of independence, acknowledging 100 years of its tremendous progress, political stability and economic growth that mirrors the Year of Zayed commemoration, celebrating 100 years of the late Sheikh Zayed, the visionary and founding father of the UAE. read more

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ADCB becomes first local bank to operate in Abu Dhabi Global Market

ADCB Asset Management joins prestigious list of institutions based in the international financial centre to offer regulated products and asset management services to high-net-worth clients read more

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Sleep Fine eyes expansion of partnership with top hotel chains to secure larger market share in Middle East

The brand works with leading names in the hospitality industry such as IHG, Sheraton, Hilton, Marjan Island Resort and Spa & Al Barsha Castles in Dubai read more

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Al Kasir Group launches Diamond Trading on Blockchain

Members of the Private Office of H.H. Sheikh Ahmad Bin Obaid Al Maktoum L.L.C., AL KASIR JEWELLERY TRADING L.L.C. and AL KASIR PORTAL L.L.C. announced the launch of Diamond Trading on Blockchain with three Diamond-backed Blockchain-Assets. These Assets are stored in highly secure Digital Blockchain Wallets. read more

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GAC Dubai Wins FMCG Supply Chain Of The Year Award Again

FMCG supply chain of the year – GAC Dubai – Logistics Middle East Awards 2018 , Grosvenor House , Dubai , (photo by Ajith Narendra) ( ITP Images) read more

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Abu Dhabi Fund for Development Finances US$192 Million Sheikh Khalifa bin Zayed City in Afghanistan

His Excellency Mohammad Ashraf Ghani, President of Afghanistan, inaugurated the Abu Dhabi Fund for Development (ADFD) financed Sheikh Khalifa bin Zayed City Housing Complex in Afghanistan. Located in the Qasaba district of Afghanistan’s capital Kabul, ADFD contributed an estimated US$192 million to the social housing development project. read more

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Expert Says UAE is a Leading Healthcare Destination in the Region

Speaking on World Health Day, Dr Yehia El Gabbani, Hospital Director of Emirates Hospital-Jumeirah, said the UAE healthcare market’s innovative progress make it the leading healthcare destination in the MENA region. The country has seen a surge in new specialised services and treatments for residents and innovative products such as surgical robots, augmented reality systems, and artificial intelligence. read more

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Abu Dhabi Launches Six Historic Oil and Gas Licensing Opportunities

  • Major onshore and offshore blocks across the emirate opened for new competitive bidding round
  • Estimates suggest blocks contain substantial amounts of oil and gas
  • Successful bidders will have the opportunity to explore, and then develop and produce discoveries with ADNOC
  • Prospective partners invited to register interest for an invitation to international roadshow presentations on new blocks

 The Abu Dhabi National Oil Company (ADNOC) announced, today, as part of Abu Dhabi’s first ever block licensing strategy and on behalf of the Supreme Petroleum Council (SPC), the details of the initial round of six geographical oil and gas blocks open for bidding. This follows the announcement last month by His Excellency Dr Sultan Ahmed Al Jaber, UAE Minister of State and ADNOC Group CEO that Abu Dhabi was to launch its first ever competitive exploration and production bid round. read more

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Al Saja’a Industrial Oasis Wins Arabian Business Real Estate Award

Al Saja’a Industrial Oasis (ASIO) has been honoured with the ‘Best Industrial Project’ award at the Arabian Business Real Estate Awards. read more

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Emirates Development Bank Launches Emirates Movable Collateral Registry Corporation EMCR

A New Tool to Publicize Lenders’ Rights in Movable Assets read more

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Sleep Fine to open new factory in Sharjah in 2020 to increase production capacity

  • New facility to enable company to secure larger market share in UAE
  • Production of novel and innovative foam bed products also in the pipeline

Sleep Fine, a well-respected household brand under the family enterprise Three Stars Foam Factory, has announced that it will open its new state-of-the-art factory in Sharjah in 2020 to increase its production capacity. The soon-to-rise facility will enable Sleep Fine to secure a larger market share amid rising demand for high-quality and sophisticated foam bed products. read more

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Former Polish President Calls on Europe to Follow Example of Sharjah in Government Communication at IGCF

The 7th International Government Communication Forum (IGCF), organised by the International Government Communication Centre of Sharjah Government Media Bureau, opened its second day at Expo Centre Sharjah with speeches by the guest of honour Lech Wałęsa, former President of Poland, and HE Tariq Saeed Allay, Director of Sharjah Government Media Bureau. The opening session was moderated by Maqsoud Kruse, Executive Director of “Hedayah”. read more

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Dubai Insurance Co. psc Launches MaxMedical Shield in the UAE

A unique health solution for UAE expats at a reduced cost with flexible activation read more

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