ENOC Group launches new compact station to support fuelling needs in DAFZA
ENOC Group today announced the launch of its compact station in the Dubai Airport Freezone (DAFZA), offering customers accessible and convenient refuelling services. The station is designed to cater to fuelling needs for the entire DAFZA region where major logistics offices are located. The economic zone is home to over 1,600 international firms from […]
Egypt’s PM follows up on strengthening industrial cooperation with UAE, Jordan
Egyptian Prime Minister Mostafa Madbouly followed up on the government’s efforts to strengthen cooperation with the UAE and Jordan in the industrial sector. The meeting was held on Sunday and attended by Minister of Trade and Industry, Nevine Gamea; Randa El-Minshawy, First Assistant to the Prime Minister; Mohamed Abdel Karim, CEO of Industrial Modernization Center; […]
Dubai’s Drake & Scull swings to $14mln Q1 net loss
based contractor Drake & Scull International (DSI) said on Monday it swung to a Q1 2022 loss, attributable to shareholders, of 52 million dirhams ($14 million) versus a profit of 115.4 million dirhams in the year-ago period. Revenue for the period dropped to 23.9 million dirhams from 45.9 million dirhams in the year-ago quarter. In […]
UAE: Gold prices rise as US dollar weakens
In the UAE, 24K gold price rose Dh0.75 per gram at the opening of the market on Monday to trade at Dh224.5 per gram as compared to last week’s close of Dh223.75. Among the other variants of the yellow metal, 22K opened at Dh211.0 per gram, 21K at Dh201.25 and 18K at Dh172.5. “The […]
CBRE named leasing partner for Jubail Island retail projects
Global real estate advisor CBRE has been exclusively appointed by Jubail Island Investment Company (JIIC) to support the leasing strategy and day-to-day leasing of the retail component within the Phase 1 of Abu Dhabi’s new megaproject – Jubail Island. Developed by JIIC, the Jubail Island development will be an idyllic collection of villages located between […]
Abu Dhabi: UK comedian Jimmy Carr to perform in January 2023
Popular UK Comedian Jimmy Carr will headline the Etihad Arena in January 2023, GME Events, in conjunction with Yas Island, announced today. Known for being the hardest working comedian in the industry, Jimmy brings his ‘Terribly Funny 2.0’ World Tour to the Island on Saturday, January 7, 2023, for an exclusive UAE performance. Regularly appearing […]
Fitch affirms Bank of Sharjah’s ‘BBB+’ rating; outlook stable
Fitch Ratings has affirmed Bank of Sharjah’s long-term issuer default rating (IDR) at ‘BBB+’ for the second year in a row, with a stable outlook. Affirming Bank of Sharjah’s rating reflects the bank’s strong market position and franchise that is supported by access to Sharjah-government businesses and projects, according to a press release on Sunday. […]
UAE: Visa cancellation process after job loss or resignation explained
I might lose my job. If I have my family here in the UAE under my sponsorship, how does the company go about cancelling my visa? How long can I stay here? At the end of that period, how can my family and I continue staying here legally? Pursuant to your queries, it is assumed […]
UAE: Breaks during work hours mandatory under employment law
Question: I recently read about an employment rule in the UAE that mandates breaks for employees during work. Can you explain this to me? Is it a mandatory requirement? Where and how can I complain if my employer refuses to give me this option? Response: Pursuant to your queries, it is assumed that you are […]
Airports, airlines and ANSPs urged to team up for growth
International air navigation service providers, airports and airlines must reunite and explore ways to stay resilient in the post-pandemic era, said a top official at the Global Airport Leaders’ Forum at the recent Airport Show in Dubai. “It is important that international air navigation service providers, airports and airlines reunite and open a new dialogue […]