Hainan signs deal with Dubai worth Dh540m

Dubai: Officials from the Chinese province Hainan signed three deals with Dubai this week at the Special Symposium on Tourism Exchange and Cooperation in the UAE, according to state news agency WAM. The strategic agreements will support and incentivise the two-way tourism exchange between the Chinese province and the emirate, in addition to offering a […]

Enoc, IOC sign alliance deal

Dubai: Enoc Group, the Dubai-based oil and gas firm, on Wednesday announced an alliance with Indian Oil Company that will enable Enoc to expand its global footprint. The deal will see Enoc help build on the Indian Oil Company’s research and development infrastructure to mitigate future manufacturing challenges. The partnership between the two companies includes […]

Bosnia and Herzegovina eyes defence markets in Gulf

Abu Dhabi: Bosnia and Herzegovina, one of the smallest countries to take part in the International Defence Exhibition (Idex) 2019 in Abu Dhabi, is eyeing markets in the gulf region to boost exports of its defence products. Currently, the former Yugoslavian republic exports ammunition worth €25 to 30 million to the UAE and Saudi Arabia. […]

Samsung unveils Galaxy Fold phone for $1,980

San Francisco: Seeking to rev up demand in the slumping smartphone market, Samsung on Wednesday unveiled a folding handset, becoming the first major manufacturer to offer the feature. The South Korean giant also appeared to get the jump on rivals by announcing the first device for fifth-generation, or 5G wireless networks, one of four versions […]

UAE signs deals of Dh2.7 billion on the fourth day of Idex

Abu Dhabi: The UAE Armed Forces signed 29 contracts worth Dh2.7 billion on the fourth day of the International Defence Exhibition in Abu Dhabi, organisers announced during a media briefing on Wednesday. Twenty local firms won Dh787 million worth of deals, whereas international deals amounted to Dh2 billion. Seven global companies including from Russia, US, […]