Dubai / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of UAE and Ruler of Dubai, on Monday inaugurated the Phase 2 of the Mohammed bin Rashid Al Maktoum Solar Part at Seih Al Dahal in Dubai. HH Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of Dubai Executive …
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Abu Dhabi /Â WAM Senaat, one of the largest industrial investment holding companies in the UAE, announced that it has successfully entered into an agreement with 11 financial institutions to receive a revolving credit facility of US$400 million. The facility, split between 3-year and 5-year tranches, will be utilised in lieu of the existing $750 million Revolving Credit Facility, which …
Read More »Dubai / WAM Shaheen Al Ghanem, Chief Executive of Warba Bank, one of Kuwait’s leading banks, on Monday rang the market-opening bell to celebrate the listing on Nasdaq Dubai of a US$250 million Perpetual Tier 1 Basel III compliant Capital Sukuk, Islamic bond. The ceremony took place in the presence of Essa Kazim, Governor of Dubai International Financial Centre (DIFC) …
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DUBAI / Emirates Business Dubai Properties (DP), a leading Dubai-based real estate master developer and asset manager of renowned destinations across the Emirate, announced its continued Strategic Partnership with the International Property Show (IPS) taking place from April, 2-4 at the Dubai World Trade Centre (DWTC), Dubai. This marks the third year that the real estate developer partnered with …
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DUBAI / WAM The Netherlands, one of the world’s most innovative economies, will take part in Expo 2020 Dubai, it was announced on Monday. The Dutch were last year ranked ninth on the Global Innovation Index, which lists world economies based on their capability for innovation and results. The UAE has set an objective of joining the Netherlands in …
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BEIRUT / AP Syrian government forces on Monday regained control of parts of Damascus that were attacked and captured by rebels and militants the previous day, with dozens killed on both sides during the fighting, the military and an activist group said. The surprise rebel incursion, in which fighters sneaked into the city through hidden tunnels and set off …
Read More »LONDON / AP Britain will begin divorce proceedings from the European Union on March 29, starting the clock on two years of intense political and economic negotiations that will fundamentally change both the nation and its European neighbors. Britain’s ambassador to the EU, Tim Barrow, informed European Council President Donald Tusk of the exact start date on Monday morning. …
Read More »WASHINGTON / AP President Donald Trump on Monday accused Democrats of making up allegations that Russia interfered in last year’s election, and said Congress and the FBI should be going after media leaks instead. His tweets came just hours before a potentially politically damaging hearing in which FBI Director James Comey and National Security Agency Director Michael Rogers planned …
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Among the memorabilia in Air Force Chief of Staff General David Goldfein’s office is a fragment of the Wright brothers’ first airplane. But the most intriguing items may be two small plastic satellites on sticks that can be maneuvered to simulate a dogfight in space. Space is now a potential battle zone, Goldfein explains in an interview. The Air …
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Coming soon to a portfolio near you: Chinese bonds. Like it or not, fixed-income securities from the mainland’s vast, opaque and increasingly default-prone debt market are about to go more global. The good news is that Beijing has been paying attention to international investor concerns over the way the notes are sold and traded. Premier Li Keqiang said that …
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