Open for business and growing

When Dubai declared its higher educational institutes would nurture student entrepreneurs with last month’s launch of the University Free Zones Strategy, it showed yet again just how these special economic areas have helped the UAE diversify its economy. Since the launch of the Jebel Ali Free Zone in 1985, these business enclaves have become integral […]

Adnoc’s Murban crude listing good for oil sector: Al Mazrouei

Abu Dhabi: Speaking on the sidelines of the UNIDO conference, UAE’s Minister of Energy and Industry, Suhail Al Mazrouei, said that this week’s announcement by Adnoc on its planned listing of Murban crude on futures exchange markets would be a positive development for the country’s oil sector. “I said that we’re very happy with this […]

UAE and Bulgaria to strengthen bilateral ties

SOFIA: A high-level UAE delegation has concluded a successful trip to Bulgaria, with both nations agreeing to further advance bilateral relations. UAE Minister of State Ahmad Ali Al Sayegh led the high-level delegation to the Bulgarian capital Sofia in a bid to further develop bilateral cooperation in a number of fields. In meetings with Bulgarian […]

Emirates Reit sees gains for first nine months

Dubai: Emirates REIT managed to pull in higher profits for the first nine months, thus compensating for a less than stellar show in the first-half of the year. Net profit was Dh21.83 million against the Dh4 million recorded in the first six months. This was brought on by “lower revaluation losses” and are seen by […]