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    Brics Business Forum to be held for first time in UAE

    The Brics Business Forum will kick off on September 9th at the Dubai Multi Commodities Centre, which is dedicated to providing opportunities for greater economic collaboration between Brics nations.

    The event is organised by the Russian Business Council (RBC) in the UAE, along with the Indian Professional and Business Council, the Indian Trade and Exhibition Centre, the Chinese Business Council, the South African"...

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    88 m riders use Dubai Metro, 2 m riders use Dubai Tram in first half of 2015 August 3, 2015

    The Roads and Transport Authority (RTA) announced that the Dubai Metro, comprising both the Red and Green lines, has lifted more riders during the first half of this year compared with the corresponding number of riders who used the metro service during the same period last year.

    Recent metro ridership statistics revealed that 88,252,034 riders have used the metro service, and 1,854,055 riders have used the Tram service inn Dubai from January to June this year.


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    Dubai International Airport handles nearly six million passengers in JuneAugust 3, 2015

    Passenger traffic at Dubai International Airport rose by 16.7 per cent year on year in June 2015, with 5.9 million passengers passing through the facility.

    The numbers were issued by Dubai Airports – the company that operates Dubai International Airport – in its monthly traffic report, which adds that these figures bring the airport closer to it its projected target of receiving 79m passengers in 2015, reports UAE-based Aliqtisadi.

    The average"......

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    PENTAX Europe GmbH Appoints Rainer Burkard President of Europe, Middle East and Africa Region (EMEA)

    (ME NewsWire)-- PENTAX Europe GmbH, a division of HOYA Corporation, announced the appointment of Mr. Rainer Burkard to the position of President Europe, Middle East and Africa (EMEA) as of 1st August 2015. In this executive role, Rainer Burkard is responsible for leading all PENTAX Medical activities in the EMEA region.

    “Rainer joins PENTAX Medical with valuable expertise gained from various segments of the healthcare industry”, said Hiroshi Suzuki, CEO and President of HOYA Group. “He has the credentials and business leadership to oversee PENTAX Medical's operations throughout"...

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    Emaar profit up 12% at Dh2.2 billion

    Emaar Properties on Sunday said its first-half profit rose 12 per cent to Dh2.2 billion as its shopping malls, retail and hospitality units generated good business this year.

    The Dubai Financial Market-listed global property developer said recurring revenue from its high-performing businesses climbed 10 per cent to Dh2.9 billion during January-June period this year and gave a significant boost to the company's total revenues, which rose 13 per cent to Dh6.497 billion. International real estate revenue also surged 36 per cent to Dh1.171 billion.


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    UAE key player in Q2 GCC corporate bond issuance

    The GCC bond and sukuk markets activity remained relatively sound in the second quarter despite political uncertainty in some parts of the region, the debt crisis in Greece and volatility in oil prices.

    PricewaterhouseCoopers, or PwC, said the UAE emerged as a key player in terms of corporate bond issuances during the April-June 2015 quarter as the market witnessed first time issuers from the likes of Bank of Sharjah and Noor Bank amongst others, as market conditions become more favourable.


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    SCAD: Y-o-Y prices down for 13 groups of building materials in June

    Statistics Centre - Abu Dhabi (SCAD) issued today its monthly report on the prices of building materials for the month of June and the second quarter of 2015, with increases ranging between 0.7 percent for the ‘Steel’ group and 8.6 percent for ‘Construction labour costs", while decreases ranged from 0.2 percent for ‘Waterproofing products’ and 4.2 percent for ‘Power cables’.

    The average wages of ‘Construction labour’ grew by 8.6 percent in June 2015 compared with May 2015. Increases in this group ranged between"...

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