The UAE-based, Grandweld Shipyards, has delivered four crew boats to Kuwait Oil Company (KOC). As per the contractual agreement signed in May 2017, Grandweld would build six Pilot Boats and four Crew Boats for KOC. Five boats have been delivered and the remaining will be delivered in June 2019.
OPPO—a leading global smartphone brand—has officially launched its newest smartphone series, Reno, in the Middle East. The company selected Dubai as the location for the premium series’ first international launch, emphasising the strategic importance of the region to OPPO’s global brand strategy.
Economic activity in the UAE is set to accelerate to 2.2 per cent in 2019, up from an estimated 1.7 per cent in 2018, according to ICAEW’s latest Economic Insight report. This will be buoyed by a pick-up in non-oil activity, rising public spending at the Federal and Emirate levels, higher investment ahead of the highly anticipated Expo 2020 and continued regional economic recovery.
In his capacity as Ruler of Abu Dhabi, President His Highness Sheikh Khalifa Bin Zayed Al Nahyan, has issued a law amending provisions of Law No. 19 of 2005 concerning real estate sector in Abu Dhabi.
The global plastics and rubber industry has continued to achieve annual growth rates of between 4 per cent and 5 per cent since the turn of the millennium, with the Middle East witnessing phenomenal expansion in its polymerisation capacities along with the Asia-Pacific region.
Etihad Credit Insurance (ECI), the UAE Federal credit insurance company, has signed a Memorandum of Understanding (MoU) with Italy-based Joint Italian Arab Chamber of Commerce (JIACC) to boost Arab-Italian economic and trade relations by focusing on the halal industry through the access to ECI’s Shariah-compliant insurance and financial solutions.
The role of Internal Audit (IA) has been changing due to business complexity and the introduction of new technologies. Digitisation and technological advancements are posing significant challenges to IA functions at organisations, His Excellency Hamad Al Hurr Al Suwaidi, Chairman of Abu Dhabi Accountability Authority, said.
The Sharjah Research, Technology and Innovation Park (SRTI Park) collaborated with American University of Sharjah (AUS) to host the Future of Smart Manufacturing in the emirate. The seminar was attended by a number of scientists, leading industry leaders and specialists from universities in the region.
The Dubai Islamic Economy Development Centre (DIEDC) has signed a Memorandum of Understanding (MoU) with the Hong Kong Trade Development Council (HKTDC) to exchange knowledge, experience, and best practices in Islamic economy, as well as boost bilateral relations between Dubai and Hong Kong.
The Middle East Facility Management Association (MEFMA) has recently convened a group of facilities management (FM) leaders and stakeholders in Abu Dhabi in a high-level networking event organised to push for an all-encompassing regulatory framework to govern the region’s entire FM industry.
Hesham Abdulla Al Qassim, Vice Chairman and Managing Director of Emirates (NBD) rang the market-opening bell on Tuesday at Nasdaq Dubai to celebrate the listing of $1 billion conventional bond. The capital raised by the issue supports Emirates NBD’s regional and international business across diverse services including retail, wholesale and investment banking, private banking, asset management, global markets, treasury, brokerage operations and Islamic banking.