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    UAE-Caribbean Renewable Energy Fund announces major projects in five countries

    The UAE today announced the first five projects under the US$50 million UAE-Caribbean Renewable Energy Fund across Antigua and Barbuda, Bahamas, Barbados, Dominica, and St. Vincent and the Grenadines. The projects will significantly reduce energy costs in the region, as well as improve resilience to natural disasters, such as Hurricane Irma.

    Announced in January 2017, the fund is a partnership between the UAE Ministry of Foreign Affairs and International Cooperation, MOFAIC, which leads the"...

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    Daimler honours 11 Actros Mileage MillionairesSeptember 26, 2017

    Daimler Commercial Vehicles (DCV) Mena FZE has honoured 11 winners of its 'Actros Mileage Millionaire' campaign with the highest mileage of Actros Trucks in UAE, Kuwait, Oman and Saudi Arabia with a combined 16 million km travelled.

    The campaign was launched last November to mark the occasion of ‘20 years of Actros’ in the Mena region.

    While the total mileage covered was an equivalent of 389 trips around the world or 20 round trips to the moon, the highest record was 2.3 million km without an engine overhaul.

    Roland Schneider, president & CEO of Daimler Commercial Vehicles (DCV) Mena commented: “After celebrating the Actros’s 20th anniversary, this"...

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    UAE central bank withdrawal of excess cash from banking system signals recovery, analysts saySeptember 26, 2017

    The UAE Central Bank reduced banking sector liquidity for a second consecutive month in August, a move analysts believe signifies an easing of pressure on lenders.

    The central bank removed Dh3.1 billion of excess liquidity from the banking system in August, taking the total withdrawals to Dh11.3bn in two months, WAM, the UAE's official news agency reported on Sunday. The bank has pumped Dh31.6bn into the banking system since the beginning of the year.

    'Liquidity support from the UAE central"...

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    Welcome the winter with 6 beauty trends

    Texture, not tone

    Texture is actually where it's at with fall makeup. Unlike summer, when glossy lids, lips and shimmer are favourites of the season, during fall and winter, metallic and holographic textures and looks make a comeback. A lot of metal -- thickly under the eye, bright and deep on the lids, metal texture lips, the works! Think 90's Back-to-the-future vibe. Huda Beauty's Desert Dusk Eyeshadow Palette or Stila's Magnificent Metals Glitter & Glow Liquid Eye Shadow fit this statement.

    I can see your halo

    Another trend that makes a strong comeback is the halo look. Halo eyes typically mean a smoky eye with deep shadows accenting the inner and outer corners"...

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    No plans for 100% electric car from Ferrari, says MidEast chief

    Italian sports car manufacturer Ferrari will not be launching electric or autonomous cars, according to chief executive of the Far and Middle East, Dieter Knechtel.

    Speaking to Arabian Business at the launch of the brand’s 70th anniversary limited edition models in Dubai, Knechtel said electric and self-driving cars are “not fitting with the brand.”

    “To be honest with you, I don’t see our clients [being interested] in a self-driving, autonomous Ferrari. Electrification is very important for us, but there will not be any 100 percent electric"...

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    Costa Coffee tests drone delivery service in Dubai

    Costa Coffee has successfully tested its drone delivery service in Dubai.

    Following a survey that showed 82 percent of its UAE customers would like to receive drinks or beverages using the technology, the London-based brand undertook a one-day trial of its ‘coffee-copter’ in its Jumeirah Beach Road drive thru store.

    Orders were made by phone and delivered to beach-goers with 15 minutes, according to the coffeehouse company.

    The refreshments were sent straight to customers using Costa's"...

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    Passenger traffic up 6% at Dubai International Airport

    Dubai International Airport (DXB) saw a record 8.2 million passengers in August – a 6.6 percent increase compared to the same month last year, it said.

    DXB’s latest monthly traffic report suggested a seasonal traveller rush that boosted figures to 8,233,311, compared to 7,727,105 last August.

    Year-to-date cumulative traffic was also up 6.3 percent from 2016, with 59,353,368 recorded during the first eight months of 2016 compared to 55,851,148.

    DXB noted that 2016 figures for passenger"...

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