Thursday 20 June 2019

Abu Dhabi issues 4,813 new economic licences in Q1

A total of 4,813 new economic licences were issued in the first quarter of this year in Abu Dhabi’s business sector, with an increase of 63.9 per cent compared to the same period last year where only 2,935 licenses were issued, according to the Business Activity Report of Q1 2019 issued b


Top UAE trade delegation to attend African event

A high-level trade and investment delegation organised by the Ministry of Economy under the chairmanship of Engineer Sultan bin Saeed Al Mansoori, UAE Minister of Economy, will participate at the Africa Trade Week, next week, in South Africa. The event will take place from June 2


Qatar Airways to buy 5 Boeing 777 freighters

Qatar Airways,a leading air cargo carrier, has entered into an agreement to purchase five additional 777 Freighters valued at $1.8 billion at list prices from Boeing. The deal was unveiled at the Paris Air Show and signed in the presence of Jassim Saif Ahmed Al-Sulaiti, Qatari Mi


Dubai Internet City launches Russian centre for digital innovations

Dubai Internet City (DIC), the Middle East’s leading technology business community, has launched the first Russian Centre for Digital Innovations and Information and Communication Technologies. The centre, facilitated by the Russian Export Centre (REC), is one of the larges


Dubai FDI hosts talks on investment

UAE government officials, key global investors and other private sector entities recently discussed the latest achievements and regulations within Dubai’s investment community at an event recently held in Dubai, UAE. In line with Dubai’s economic vision to further enh


DAE leases 3 new Boeing 777 freighters to Russian firm

Dubai Aerospace Enterprise (DAE), one of the largest aircraft leasing companies in the world, said that its leasing division DAE Capital and Moscow-based cargo airline AirBridgeCargo have entered into a purchase and leaseback agreement for freighter aircraft. The agreement is for


Epicor summit highlights cloud, Industry 4.0

Epicor Software Corporation, a global provider of industry-specific enterprise software to promote business growth, this week hosted its annual Mena Customer Summit, which concentrated on how the cloud can enable enterprises to reinvent themselves amid the Fourth Industrial Revolution.


L3 Technologies, Sami enter into JV for key projects

US-based L3 Technologies has signed a joint venture agreement with Saudi Arabian Military Industries (Sami) to collaborate on electro-optical and infrared (EO/IR) and special mission systems projects within Saudi Arabia. The contract was signed on June 18 in the Sami Chalet durin


Mammoet barge to help with projects in Gulf region

Mammoet, a global service provider specialising in engineered heavy lifting and transport, said that Mammoet 331, a sea-going deck cargo barge, has returned to the UAE to be utilised for the upcoming projects in the Gulf region. The barge, loaded with cargo, has arrived at Ras Al


CFOs need to embrace changes quickly, says Sage survey

Successful chief financial officers (CFOs) are likely to be those that are able to adapt quickly to their expanded role and understand the strategic implication of their companies for embracing new technologies, according to a recent survey. Sage, a market leader in cloud busines

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