Author: cairosun.com

The Danish Government has confirmed its official participation in Expo 2020 Dubai, partnering the Danish Business Council at the six-month global gathering. The participation was confirmed by Danish Ambassador Franz-Michael Mellbin, who has been appointed Commissioner General for Denmark at Expo 2020, at the end of last week’s International Participants Meeting (IPM) in Dubai.The Denmark Pavilion will showcase the country’s export and investment potential alongside the strength of its relationship with the UAE, during a six-month global gathering that will welcome more than 190 nations and millions of visitors from across the planet.With less than five months to go until…

At the invitation of the President of the European Council Charles Michel, Indian Prime Minister Narendra Modi participated in the India-EU Leaders’ Meeting. The meeting was held in a hybrid format with the participation of leaders of all the 27 EU Member States as well as the President of the European Council and the European Commission. This is the first time that the EU hosted a meeting with India in the EU+27 format. The meeting was the initiative of the Portuguese Presidency of the Council of the European Union.During the meeting, the leaders expressed their desire to further strengthen the…

The Mohammed bin Rashid Aerospace Hub (MBRAH) at Dubai South announced that private jet movements continued their impressive growth in 2021 with a 336 percent increase in Q1 2021, reaching 4,904 compared to 1,460 in Q1 2020 and 1,676 in Q1 2019. Aircraft movements include the four FBOs operating at MBRAH, which are Jetex Executive Aviation, Jet Aviation, DC Aviation and ExecuJet Middle East.Tahnoon Saif, CEO of Mohammed Bin Rashid Aerospace Hub, said, “Our private jet movements at the VIP Terminal in the MBRAH have been increasing steadily since last July, which is a testament to the successful national vaccination…

Bahrain Chamber of Commerce and Industry revealed its members are anticipating a $2.9 billion surge in spending once the King Fahd Causeway re-opens on 17 May based on tourist spending habits from 2019. This comes after Saudi Arabia announced it will lift its suspension on citizens traveling abroad, and open land, sea and air borders on May 17. Bahrain welcomed more than 12 million visitors in 2019, predominantly from the Kingdom of Saudi Arabia and neighboring GCC countries.Commenting on the announcement, Ali Al-Mudaifa, Executive Director at the Bahrain Economic Development Board said: “Deep economic, political and cultural connections between Bahrain…

The Dubai Opera will host its first hologram event of the late celebrated Egyptian singer Abdel Halim Hafez who will take to the stage on 13 and 14 May during Dubai’s Eid al-Fitr festivities. Dubai Festivals and Retail Establishment announced in cooperation with New Dimension Productions (NDP) and MBC Group as the organizers, that the 90-minute show will feature some of the singer’s most popular songs during what promises to be an exhilarating evening of music and nostalgia.Hailed as one of the greatest Egyptian musicians, along with Umm Kulthum, Mohamed Abdel Wahab, Mohamed Fawzi and Shadia, Abdel Halim Hafez was a prolific…

Renewable & Clean Energy will debut as the theme for Middle East Energy’s inaugural virtual focus week on 17 May 2021, as research from Informa Markets revealed 83 GW of renewable and clean energy capacity, mainly solar and wind power, is planned across the Middle East and North Africa (MENA) region within the next 20 years, and more than AED55 billion of solar power projects are expected to become operational by 2026.The figures were highlighted as the Middle East is set to become a market leader in renewable and clean energy due to well-designed auctions, favorable financing conditions, and declining…

Arabian Travel Market (ATM) 2021 has reconfirmed that Dubai will host the largest in-person travel & tourism event in the world, since the onset of the pandemic last year. Now in its 28th year, ATM 2021 will go-ahead at the Dubai World Trade Centre (DWTC) on Sunday 16 to Wednesday 19 May, as final preparations are being put in place. ATM 2021 will be spread across nine halls. Consistent with the existing density restrictions and social distancing guidelines and regulations, there will be 11,000 people in the halls at any given time. “The theme of this year’s show is ‘A new…

Abu Dhabi Islamic Bank (ADIB) said its Q1 2021 net profit surged by 125 percent to AED608 million compared to AED 270 million in Q1 2020, and up 26 percent against Q4 2020. The growth in net profits reflects the strong underlying performance across the business, the bank said in a statement. Revenue increased 3.3 percent to AED1,336 million from AED1,292 million in the same period last year with non-funding income growing by 30 percent offsetting the impact of low rate environment.Operating Expenses were reduced by 7 percent year-on year due to the successful implementation of technology-led initiatives that helped…

His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, today received at Al Shati Palace Democratic Party Senator Chris Coons, who was accompanied by US Senator Chris Van Hollen, to deliberate the prospects of solidifying the strategic alliance between the two nations at the political, economic and defense levels. The two sides reviewed a number of issues related to regional security and joint action to establish stability, peace and cooperation in confronting underlying reasons of tension and conflict in the Middle East and the Horn of Africa…

His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of UAE and Ruler of Dubai, has launched the ‘Food Tech Valley’ a new initiative that seeks to triple the UAE’s food production. The launch event was attended by members of the royalty, senior ministers and other dignitaries.The initiative aims to create an integrated modern city that will serve as a hub for future clean tech-based food and agricultural products and an incubator for researchers, entrepreneurs, startups and industry experts involved in developing solutions that have the potential to shape the future of the food industry. The…