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5701 - 5710 from 16553 . In "BUSINESS"
 Majid Saif Al Ghurair
Partnership to promote sustainability in region
DUBAI — Several multinational companies based in the UAE have announced their support for a public-private-engagement model to promote sustainability and spearhead the country’s efforts to deliver its Sustainable Development endeavors. Speaking at the inaugural Multinational Companies Business Group (MCBG) sustainability conference recently held at Dubai Chamber of Commerce and Industry’s headquarters, a host of international business executives and government and NGO leaders underscored the need to identify areas of common interest and foster collaboration to deliver the UAE’s ambitious sustainability commitments.Addressing participants during his opening remarks, Majid Saif Al Ghurair, Chairman of Dubai Chamber, said: “Multinational companies have an important role to play in...
October 21, 2019

Partnership to promote sustainability in region

T. Madhavadas
L&T showcases its EPC edge at WETEX 2019 in Dubai
DUBAI — Larsen & Toubro (L&T), an Indian multinational conglomerate and a leader in engineering, technology, construction and financial services, is showcasing its EPC capabilities and expertise in infrastructure development at WETEX 2019 that opened Monday at the Dubai International Convention and Exhibition Centre.L&T has established its successful execution track record in several core sectors of the GCC region and Africa like construction, power transmission and distribution, solar energy, heavy civil infrastructure, transportation infrastructure, hydrocarbon engineering, water and smart world communication and buildings and factories.The company has been winning several major contracts and executing milestone projects across the region, while successfully completing various mega...
October 21, 2019

L&T showcases its EPC edge at WETEX 2019 in Dubai

Mary Jennifer Dingal, center, the Consul of the Republic of the Philippines to Jeddah, is seen at LuLu Hypermarket, Amir fawaz in the presence of LuLu officials. — Courtesy photo
LuLu launches Pinoy Fiesta: A festival of Filipino flavors
JEDDAH — LuLu, the largest hypermarket chain in the region, launched its annual Filipino Food Festival “Pinoy Fiesta 2019”, 7 Days of Fun and Food. The week-long fest from Oct. 20 to Oct. 26 offers a wide variety of food products imported from the Philippines. The launch event was inaugurated by Mary Jennifer Dingal, the Consul of the Republic of the Philippines to Jeddah, at LuLu Hypermarket, Amir fawaz in the presence of LuLu officials.The festival highlights the culinary heritage and food and health hygiene in the Philippines. Moreover, the promotion features the best-quality agriculture produce and Filipino food products from local communities.Exclusive price-buster offers are made available on a wide variety of imported products with the brands including Mama Sita’s, Del...
October 21, 2019

LuLu launches Pinoy Fiesta: A festival of Filipino flavors

Dubai's Burj Khalifa, the world’s tallest building is illuminated during festivities marking the one-year countdown to Expo 2020, on Sunday. Fireworks exploded over the glitzy Dubai skyline today, marking the one-year countdown to Expo 2020, with the city's rulers hoping the big-budget global trade fair will end with a bang, not a fizzle. — AFP
High hopes as Dubai marks one-year countdown to Expo 2020
DUBAI — Fireworks exploded over Dubai's skyline on Sunday to mark the one-year countdown to Expo 2020, a big-budget global trade fair the glitzy emirate's rulers hope will restore its flagging fortunes.Megastar Mariah Carey headlined at a concert underneath the illuminated Burj Khalifa, the world's tallest building, where thousands gathered for the centerpiece of festivities across the United Arab Emirates.At exactly 20:20 local time, the skyscraper was lit up with "1 year to go" and "the world's greatest show" in both English and Arabic."These spectacular nationwide celebrations will usher in the final leg of a historic journey," said Reem Al-Hashimy, a government minister and also director general of Expo 2020."The next 12 months will...
October 20, 2019

High hopes as Dubai marks one-year countdown to Expo 2020

Property demand in Abu Dhabi Investment Zones rises
ABU DHABI — Abu Dhabi real estate market offers healthy conditions for home buyers/investors after the opening of key investments zones for freehold expat property ownership. Sales prices in the capital have taken a positive turn with the prices either holding steady or slightly increasing.In Q3 of 2019, neighbourhoods like Al Reem Island, Al Raha Beach, Al Reef and Saadiyat Island dominate the investment sector while established suburbs such as Mohammed Bin Zayed City (MBZ City), Khalifa City A, and Al Muroor remain a popular choice for rentals in Abu Dhabi.In terms of popularity, Bayut’s report shows that Al Reem Island takes the crown as the most preferred area to buy and rent apartments in Abu Dhabi. For villas in Abu Dhabi, Al Reef continues to be the most popular with...
October 20, 2019

Property demand in Abu Dhabi Investment Zones rises

UAE aviation sector open to investors from outside
DUBAI — Investors are keen to capitalize on the increasing opportunities in the aviation sector globally, according to industry experts.“Over the past decade, as the global economy has improved, airlines have grown in profitability, matured in terms of employing better capacity management and cost controls, and have benefitted from the explosion in demand for passenger air travel,” according to Aviation Industry Report released by KPMG.Talking about the investment environment prevailing in the UAE, Saif Mohammed Al Suwaidi, Director-General of General Authority of Civil Aviation (GCAA), said “being one of the biggest aviation industries in the world, UAE is open to attract investments from outside the country to our aviation sector, and we welcome any investor to establish their...
October 20, 2019

UAE aviation sector open to investors from outside

Ownership, strategy can impact NOC ratings
JEDDAH — National oil companies (NOCs) have some of the world's strongest credit ratings, but politics and strategy mean they also appear across the credit spectrum. NOCs typically have a privileged position in terms of access to reserves, and the lifting costs for many are also among the lowest globally. Nevertheless, this doesn't necessarily translate into a strong financial or credit profile for every NOC, S&PGlobal Ratings said over the weekend on its report on NOCs.The travails and default of PDVSA — in spite of Venezuela reporting the world's largest oil reserves — show this all too clearly. It signals that NOCs' strategies and social mandates—as well as geopolitics—can be very important. For several NOCs, the 2014-2016 oil price crash actually improved...
October 20, 2019

Ownership, strategy can impact NOC ratings

Flight data analytics enhance predictive safety in aviation
DUBAI— The impact of increasing flight data analytics and digitalization will be a key topic of debate at the World Aviation Safety Summit (WASS) 2019. The event, which is being hosted by the Dubai Civil Aviation Authority, is returning to Dubai this year for its seventh edition. Taking place on Dec. 9-10, WASS 2019 will advise how use of data is vital in real-time and how data management has moved from a responsive function into being a core planning and prevention tool - transforming the way safety is approached by airlines and aircraft manufacturers.Industry leaders will showcase trends on the collection, analysis and sharing of safety data and how this is evolving across the world. They will look at how analysis of millions of data points on board aircraft leads to the successful...
October 20, 2019

Flight data analytics enhance predictive safety in aviation

ADIBS ’19 ends on a high note
ABU DHABI – The second edition of the Abu Dhabi International Boat Show (ADIBS), which ran from October 16 to 19 under the patronage of Sheikh Nahyan bin Zayed Al Nahyan, Chairman of the Board of Trustees of Zayed bin Sultan Al Nahyan Charitable and Humanitarian Foundation and Chairman of Abu Dhabi Sports Council, concluded yesterday at the Abu Dhabi National Exhibition Centre (ADNEC). The event drew the participation of 26,000 visitors and 284 exhibiting companies from 27 countries.Commenting on the event’s success, Humaid Matar Al Dhaheri, Group CEO, ADNEC, said: “We are proud of the unprecedented turnout of visitors and exhibitors at the second edition of ADIBS 2019. We thank all those who participated and contributed to the high-level organization of the event.”“ADIBS 2019...
October 20, 2019

ADIBS ’19 ends on a high note

BICSI Tech Roadshow in Riyadh
BICSI successfully concludes Tech Roadshow in Saudi Arabia
DUBAI — BICSI, the association advancing the information and communications technology (ICT) and extra low-voltage (ELV) communities, successfully concluded its Technical Roadshow across key cities in the Kingdom of Saudi Arabia.The Saudi Tech Roadshow that was held in Jeddah, Riyadh and Al-Khobar on Oct. 13-17 attracted ICT/ELV professionals including architects, consultants and engineers to network and share experiences and expertise.Overall spending on information and communication technology (ICT) in Saudi Arabia is expected to reach $34.5 billion this year. That’s according to the latest insights, trends, and predictions presented by International Data Corporation (IDC).Paul Weintraub, RCDD, ESS, RTPM, TECH, CAE, BICSI Vice President of Global Development and Support, said: “We...
October 20, 2019

BICSI successfully concludes Tech Roadshow in Saudi Arabia

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