Expo 2020 Dubai will award 47 construction contracts worth AED 11 billion (3.0 billion USD) in 2017 as preparations for the first World Expo in the Middle East, Africa and South Asia continue to gather pace.
A further 98 non-construction contracts totalling more than AED 360 million (98 million USD) will also be distributed before the end of the year. These will range from legal advisory services to event management and merchandising.
The construction contracts for 2017, which are open to local, regional and international businesses, include the third and final infrastructure package for the event’s support areas, including car parking.
Other key awards for the [...]
The Roads and Transport Authority, in collaboration with Dubai Properties, announced the extension of the trial run of the autonomous vehicle deployed in the Business Bay by another month ending in Feb 22nd. The decision has been taken in response to the encouraging number of users of the vehicle, which is 1500 persons. The 10-seater vehicle has been deployed to shuttle over a 600 meter-long track in the Business Bay following the successes of the initial two phases of the trial operation at the Dubai World Trade Center and the Mohammed bin Rashid Boulevard.
“The trial run of the driverless vehicle in the Business Bay marks the third phase of the trial operation following the [...]
The company was recognized for its commitment to delivering a variety of innovative client cloud transformations using Oracle’s CX Cloud.
TransSys Solutions, a leading regional IT services and solution provider, announced that it has won the ‘Oracle CX Cloud Partner of the Year’ award for 2016 at the recently held Oracle Partner Day Event in Dubai. TransSys was recognized for its commitment to delivering a variety of innovative client cloud transformations solutions using Oracle’s CX (Customer eXperience) Cloud in the GCC region.
“Cloud and digital transformation are at the center of any business’ corporate strategy to jump start from where they are today. [...]
Retailers remain in the early phases of digital transformation; missing out on $187 billion opportunity
Analysts are hailing 2016 as the best year for holiday sales growth since 2005. However, this growth is not coming from the traditional brick and mortar channel. Instead, Internet shoppers saved the holiday season by setting new records for online sales during Black Friday, Cyber Monday and Bounceback Tuesday. This has huge implications for the industry and for retailers’ 2017 technology plans.
The multi-channel shopper is fueling a wave of digital disruption that threatens to put nearly half of retailer leaders out of business if they don’t transform themselves [...]
Dubai International has retained its title as the world’s number one airport for international passengers after near record numbers in December propelled the hub’s annual traffic to 83.6 million passengers in 2016, according to the annual traffic report issued by operator Dubai Airports today.
With monthly passenger traffic breaching the 7-million mark six times during the year, including the historic 7.72 million traffic in August, DXB’s annual traffic in 2016 totalled 83,654,250 passengers, compared to 78,014,838 in 2015, a robust growth of 7.2 per cent. The surge of travellers during the holiday season boosted monthly traffic in December to 7,706,351, up 9.3 per cent [...]
HE Mattar Al Tayer, Director General and Chairman of the Board of Executive Directors of Roads and Transport Authority (RTA), has approved seven initiatives to be undertaken by RTA in response to the declaration of HH Sheikh Khalifa bin Zayed Al Nahyan, President of the UAE, of the Year 2017 as The Year of Giving in the UAE.
“The UAE’s designation of 2017 as The Year of Giving complements the benevolent drive initiated by the late Sheikh Zayed bin Sultan Al Nahyan, whose generous hands had reached out to the needy across the globe. Giving and charity have become a firm tradition and practice of the UAE under the leadership of HH Sheikh Khalifa bin Zayed Al Nahyan, President of [...]
The Euromoney Award for “Five Star Cash Manager” was granted to Abu Dhabi Commercial Bank (ADCB) today after conducting the annual Cash Management Survey for the United Arab Emirates. ADCB is recognised for its unfailing efforts in maintaining an excellent level of cash management for its customers.
ADCB Cash Management services focus on a far-reaching knowledge of the market to help deliver quality solutions. This is achieved through guiding organisations on how to restructure their operational functions and promoting their effective practices to reduce costs. Concentrating mainly on clients’ concerns and needs to help provide up to par solutions [...]
December data highlighted a robust improvement in business conditions across Dubai’s private sector economy, underpinned by faster rates of output and new order growth. The seasonally adjusted Emirates NBD Dubai Economy Tracker Index registered 55.9, up from 55.2 in November and the highest reading since July. The index has now posted above the 50.0 no-change mark for ten months running and the latest upturn was broad-based across the three key sectors monitored by the survey.
Travel & tourism remained the best performing sub-category in December (headline index at 56.9), followed by wholesale & retail (56.4). Nonetheless, construction firms recorded a positive shift [...]