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DUBAI NEWS

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Daewoo Engineering & Construction Signs US$ 200 Million Syndicated Conventional And Islamic Term Financing Facilities
Emirates NBD Capital Limited ("EMCAP"), Emirates NBD’s investment banking arm, acted as sole Mandated Lead Arranger and Bookrunner ("MLAB") for the transaction that included eight other regional and international banks.

MoU With Skyway Greentech To Develop Sky Pod Network
Dubai’s Roads and Transport Authority (RTA) has signed a Memorandum of Understanding (MoU) with Skyway Greentech Company; one of the pioneering developers of Sky Pod worldwide.

Dubai 2040 plan will be shaped by technologists, artists and innovators
Dawood Al Hajiri, Director-General of Dubai Municipality, today provided a view of Dubai’s sustainable future where the emirates will be proactively shaped by innovators, technologists, artists and the public

Emirates Islamic’s Kunooz Savings Account Named Best Banking Product By Global Banking & Finance Review
Emirates Islamic, one of the leading Islamic financial institutions in the UAE, has won the prestigious Best Banking Product award from Global Banking & Finance Review for its flagship Kunooz Savings Account.

Emirates NBD Dubai Economy Tracker
Overall growth of Dubai’s non-oil private sector economy quickened in January. Moreover, firms were at their most optimistic regarding future growth prospects since at least 2012.

Brokerage House Securities leads Nasdaq Dubai equity futures market activity
BHS has also been the most active broker in trading Saudi single stock equity futures since the exchange launched these one month ago on January 9th, 2019, with a share of more than 90% by value excluding liquidity provision.

Mohammed Bin Rashid Reviews Sky Pod Models
HH Sheikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai, has reviewed two models of the Sky Pods, a mobility system being tested by the Roads and Transport Authority (RTA) in conjunction with Skyway Greentech Co.

Dubai’s non-oil growth strengthens at start of 2019
Emirates NBD Dubai Economy Tracker has shown that that the overall growth of Dubai’s non-oil private sector economy quickened in January.

Our Leaders Made An Early Start To Shape The Future, And Mobilised Resources To Cope With The Fourth Industrial Revolution
HE Mattar Al Tayer, Director-General and Chairman of the Board of Executive Directors of the Roads and Transport Authority (RTA), stated that the UAE had committed all its resources to cope with the technological & industrial breakthrough.

Swyp Sponsors Beach Canteen At Dubai Food Festival 2019
Millennial mobile digital platform swyp today announced its sponsorship of the Beach Canteen at Sunset Beach during this year’s Dubai Food Festival.

DMCC signs MOU with Government of West Bengal to boost UAE-India trade through Dubai
DMCC has signed a Memorandum of Understanding with West Bengal Industrial Development Corporation Ltd, Government of West Bengal.

"Preparing For The Next Decade." - Emirates NBD Announces Investment Outlook For 2019
Themed, "Preparing for the Next Decade", the 2019 outlook was revealed to media by Maurice Gravier, Chief Investment Officer, Emirates NBD Group.

Starting Trial Run Of Online Applications For ’Right-Of-Way’ Permits
The Roads and Transport Authority (RTA) has embarked on the trial run of issuing permits for right-of-way services online. Permits include diverting main & subsidiary roads, occupying parts of the right-of-way, protecting utility lines, and moving heavy vehicles during prohibited times.

Sharjah Witnesses The Launch Of The Second Stage Of UAE Hackathon 2019
Sharjah Hackathon follows the success of Abu Dhabi Hackathon, which received tens of competing teams that worked over 3 days to study and analyze data provided by concerned entities.

ICONS Coffee Couture now open at Dubai’s new iconic waterfront destination, The Pointe
Icons Coffee Couture, a fashionable lifestyle coffee chain with German heritage, inaugurates its 11th UAE outlet at Dubai’s new iconic destination The Pointe, Palm Jumeirah.

Upgrades To Ras Al Khor Street And Entrances To International City Construction Hits 83% Completion
The improvement of Al Manama Street-Sheikh Mohammed bin Zayed Road includes widening the flyover above Sheikh Mohammed bin Zayed Road from three to four lanes in each direction to increase its capacity from 4500 to 6000 vehicles per hour.

Dubai Investments acquires stake in Globalpharma for 100% ownership
In 2014, Dubai Investments divested a 66% stake and had continued to hold a minority 34% equity in the subsidiary.

Al Tayer Honours Second Batch Of ’Tamkeen With RTA’ Graduates
HE Mattar Al Tayer, Director-General and Chairman of the Board of Executive Directors of the Roads and Transport Authority (RTA) honoured the second batch of ’Tamkeen with RTA’ graduates comprising 25 Emirati university graduates (23 females and 2 males).

Dubai Cares celebrates 10th Anniversary of ’Walk for Education’
Dubai Cares, part of Mohammed bin Rashid Al Maktoum Global Initiatives, has announced a spectacular line-up to mark the 10th anniversary of its annual Walk for Education.

MENA Centre For Transport Excellence Holds Diverse Events In 2018
The MENA Centre for Transport Excellence held a variety of events and activities in 2018 including training sessions and workshops covering diverse public transport issues in the region and beyond.

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