Monday , May 22 2017
Breaking News


Abu Dhabi Ports conducts exercise to handle crisis involving 12 Abu Dhabi government entities

abu dhabi ports

ABU DHABI: Abu Dhabi Ports has successfully completed a detailed crisis practice scenario, in co-operation with the Emergency, Crisis and Disasters Management Team in Abu Dhabi and with the participation of 12 government entities. The exercise included the National Emergency Crisis and Disaster Management Authority, NCEMA, the Crisis Response Office-Abu Dhabi, Abu Dhabi Police, the Critical Infrastructure and Coastline Protection ... Read More »

Dubai Chamber announces winners of Dubai Smartpreneur Competition


DUBAI: The Dubai Chamber of Commerce and Industry announced on Wednesday the top three winners of the 2nd cycle of the Dubai Smartpreneur Competition during the closing ceremony for the 5th ArabNet Digital Summit in Dubai. FriendyCar, a marketplace for borrowing and lending cars, claimed the first-place prize, while second place went to CorporateStack, a web-based solution for managing business ... Read More »

Dubai Customs honors winners of IPR Awards at CIFF 2017

dubai customs

DUBAI: “Piracy Full Stop” won the best international movie in the latest version of the Children’s International Film Festival (CIFF) 2017 which concluded recently at the Higher Technology College in the academic city. Yousef Ozair Mubarak, Director of IPR Department at Dubai Customs, awarded the winners in the presence of Ahmed Mahboob Musabih, Director of Dubai Customs. Winchester School’s “Ctrl ... Read More »

Dubai’s trade with Qatar grew 92% between 2011-2016


DUBAI: Dubai’s trade with Qatar grew 92 per cent in the period from 2011 to 2016, reaching AED15 billion last year, according to Sultan bin Sulayem, DP World Group Chairman and CEO and Chairman of Ports, Customs and Free Zone Corporation, PCFC. “The GCC customs union is moving steadily towards a full integration between the GCC countries by supporting trade ... Read More »

Nestlé opens $158m manufacturing plant in Dubai


DUBAI: Global food giant Nestlé has announced the opening of its 18th factory in the Middle East region at Al Maha area in Dubai South (the rebranded Dubai World Central), which will produce its coffee and Maggi cooking aids for the regional market. The plant, which was built at an investment of Dh580 million ($158 million), in Dubai South was ... Read More »

Dubai Chamber, CII in talks to set up skill centre

dubai chamber

DUBAI: The Dubai Chamber of Commerce and the Confederation of Indian Industry (CII) are in discussions for launching a joint skill development centre to train Emirati youth. The CII, which announced on Sunday its plan to open its 10th overseas office in Dubai within three months, said the move would help further boost the two-way trade, investment and business engagement ... Read More »

Dubai’s perfumes, cosmetics trade reaches AED 21 bn in 2016


DUBAI: Dubai Customs organized a workshop on Dubai external trade in perfumes and cosmetics in 2016. The workshop targeted the local, regional and international companies that took part in the Beautyworld Middle East Exhibition held on 15 and 16 May at the Dubai International Convention & Exhibition Centre (DICEC). Dubai external trade in perfumes and cosmetics in 2016 reached around ... Read More »

Abu Dhabi Ports plans ‘emergency response’ event


ABU DHABI: Abu Dhabi Ports in conjunction with Abu Dhabi Emergency, Crisis and Disasters Management Team is preparing to conduct an “emergency response for maritime transport accidents” exercise at Zayed Port on May 17. Abu Dhabi Ports is the master developer, operator and manager of the emirate’s commercial and community ports as well as Khalifa Industrial Zone. The exercise aims ... Read More »

Dubai Customs receives delegation from Qatari General Authority of Customs

dubai customs

DUBAI: Dubai Customs received a delegation from the Qatari General Authority of Customs. Ahmed Mahboob Musabih, Director of Dubai Customs met with his Qatari counterpart Ahmed Abdullah Al-Jamal, Chairman of Qatar Customs Authority who was accompanied by a number of senior customs officials. The meeting was attended by Abdullah Mohammed Al Khaja, Executive Director of Clients Management Division, Faisal Eissa ... Read More »

Dubai Economy new licenses up 12% in Q1


DUBAI: Dubai Economy saw a 12 per cent increase in business licenses issued during the first three months (Q1) of 2017 compared to the same period in 2016, indicating remarkable optimism among investors and stability across industry sectors. Total number of licenses issued in Q1 2017 was 5,387 as against 4,808 in Q1 2016 while new businesses that took off ... Read More »

Dubai Customs carries out 2.33m transactions in 1st Q 2017

dubai customs

DUBAI: Dubai Customs carried out 2.329 customs transactions during the first quarter of 2017 compared to 2.241 customs transactions in the same period in 2016. This reflects a healthy continuity of growth and a better performance of external non-oil trade sectors. The growth supports the diverse national economy and helps the UAE better advance towards a post-oil stage. Dubai Customs ... Read More »

Dubai Chamber meets with Paraguay president to discuss bilateral relations


DUBAI: Paraguay President Horacio Cartes recently announced plans to open the country’s first commercial representative office in the United Arab Emirates (UAE) later this year. Cartes met with a delegation from Dubai Chamber of Commerce and Industry and spoke of his intention to grow trade and investment between the two nations, according to an announcement. This meeting was held on ... Read More »

Abu Dhabi Customs foils attempt to smuggle 3kg of narcotics


ABU DHABI: Inspectors from the General Administration of Customs – Abu Dhabi have foiled an attempt to smuggle three kilograms of narcotics at the Al Ghuwaifat Border. Working in coordination with the Drug Enforcement Section at Abu Dhabi Police, the customs officers found the narcotic substances hidden in the roof of a truck’s interior. After initial suspicion, inspectors subjected the ... Read More »

Dubai Customs launches a sign language training program


DUBAI: Dubai Customs’ training center launched a sign language training program exclusive for customs use. This comes as a response to the directives of Crown Prince of Dubai His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum and the guidelines of “My Community…A City for Everyone” initiative. The initiative aims at turning Dubai into a disability-friendly city by the ... Read More »

Dubai Customs develops smart valuation system

dubai customs

DUBAI: Dubai Customs has updated its valuation system to the new “Smart Customs Valuation Project”, which will deliver the most accurate valuation for imported goods using smart applications and artificial intelligence. Fareeda Fadhil, director – Customs Valuation Department pointed out that Dubai Customs always keeps abreast of the latest technologies to regularly update its systems and processes.  Striking the balance ... Read More »

Dubai gold price continues to fall


DUBAI: Gold edged up on Wednesday from an eight-week low hit the session before, with the dollar slipping after US President Donald Trump abruptly dismissed FBI Director James Comey. Spot gold was up 0.1 percent at $1,222.21 per ounce at 0312 GMT. On Tuesday, it dropped below its 100-day moving average to its lowest since March 15 at $1,213.81. From ... Read More »

Duo caught attempting to traffic 190kg drugs


DUBAI: The Dubai Criminal Court looked into the case of two visitors from the Gulf accused of possessing narcotic substances for trafficking purposes. According to case details, the General Directorate of the Drug Control Department received information that the first defendant was abusing and possessing narcotic substances, and that he was a member of an international gang. After search and ... Read More »

UAE produces 208 mln barrels of crude during Q1 2017

crude oil

ABU DHABI: In compliance with OPEC’s oil-output cut decision during the first six months of the year, the UAE produced 208 million barrels of crude oil during the Q1 2017, compared with 211,73 million barrels during the same period last year, according to the UAE Central Bank, CB, statistics. According to the CB’s quarterly review of economic performance indexes, the ... Read More »

UAE, France bilateral trade set for boost with new French president


ABU DHABI: Bilateral trade between France and the UAE is expected to get a further boost with the election of Emmanuel Macron as the new president of France, according to economic experts. Macron who is known for pro-business and pro-globalisation policies beat far right candidate Marine Le Pen in this week’s French presidential elections to become France’s youngest leader since ... Read More »

DP World signs MOU to develop India logistics infrastructure


DUBAI: Dubai’s DP World and the National Investment and Infrastructure Fund (NIIF) will collaborate to develop logistics infrastructure in India, as per a MoU that the two organisations have signed. The MoU was signed during the recent India Integrated Transport and Logistics Summit 2017. His Highness Sheikh Mohammed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme ... Read More »