Coca Cola inks deal with Meraas to name new arena

Dubai: The new 17,000-seat Dubai Arena, set to open in City Walk this June, will be named the Coca-Cola Arena after its owner Meraas struck a 10-year sponsorship deal with the soft drinks giant on Monday morning. While the commercial terms of the deal were not disclosed, Meraas said in a statement that the agreement […]

Digital future depends on investment in education and infrastructure now

Dubai: A digital revolution is sweeping across the world, changing all aspects of economic activities and no countries can afford to be left behind, said speakers at a plenary session ‘Shaping Digital Future of Foreign Direct Investment’ at the Annual Investment Summit. “Going digital is no longer an option. To get ready for a digital […]

UAE says changing oil trading currency can’t be done overnight

Dubai: The UAE energy and industry minister said on Monday that the use of the US dollar as the main oil trading currency could not be changed overnight. “Trading with the US dollar is something you don’t change overnight … Let’s not jump into some of those ideas,” Suhail Mohammad Faraj Al Mazroui said when […]