Abu Dhabi / WAM His Highness Sheikh Theyab bin Mohamed bin Zayed Al Nahyan, Chairman of Abu Dhabi Crown Prince’s Court and Chairman of Etihad Rail, has supervised a board meeting during which he approved a AED 4.6 billion ($1.25 billion) tender for the civil works and construction of Package D of Stage Two of the UAE’s national railway. Package D ...

Abu Dhabi / WAM Fujairah Terminals, wholly-owned by Abu Dhabi Ports, celebrated the official start of the 2019-2020’s cruise season with the first-ever cruise turnaround conducted at Fujairah Port. The recent call by the Marella Discovery, a cruise liner operated by TUI UK, at Fujairah Terminals marked the first time a visiting vessel dropped off arriving guests and welcomed new ...

Dubai / WAM Etihad Credit Insurance (ECI), signed a Memorandum of Understanding (MoU) with HSBC to help UAE businesses and exporters access global markets, which will give them a platform for sustainable growth and development over the long-term. The MoU was signed by Massimo Falcioni, CEO of Etihad Credit Insurance, and Abdulfattah Sharaf, Chief Executive Officer, UAE and Head of ...

Abu Dhabi / Emirates Business Adnoc Distribution, UAE’s largest fuel and convenience retailer, unveiled its next-generation Oasis store at the Corniche Road station, Abu Dhabi. The contemporary refreshed look and feel will be the start of an extensive refurbishment plan. Following the Adnoc Distribution Board of Directors meeting, the Board visited the store. The newly designed space features a range ...

Abu Dhabi / WAM Dr Nawal Al Hosany, Permanent Representative of the UAE to the International Renewable Energy Agency (Irena), said that the UAE’s contributions to the renewable energy sector have made it a model to follow, with investments worth $12 billion covering 49 renewable energy projects across 25 countries, producing some 4GW of energy supplies to communities. Al Hosany noted ...

Fujairah / WAM His Highnesss Sheikh Hamad bin Mohammed Al Sharqi, Supreme Council Member and Ruler of Fujairah, stated that fulfilling the needs of Emiratis is one of the UAE’s leading priorities and is part of its strategic plans. He also noted the country’s keenness to implement development projects to support UAE citizens and improve their living standards. Sheikh Hamad ...

Bloomberg China’s government-bond investors will soon be looking for reassurance from the central bank that there’s plenty of cash in the financial system. The country will see a “liquidity hole” of 2.8 trillion yuan ($400 billion) in January, in large part because people across the nation will withdraw cash for the Lunar New Year holiday, according to Guotai Junan Securities ...

Bloomberg The European Central Bank’s (ECB) Single Supervisory Mechanism will likely lift the ceiling on Greek banks’ holdings of the country’s sovereign bonds, people familiar with the situation said. The supervisory ceiling set in 2015 is expected to be lifted in February, according to the people, who asked not to be named discussing ongoing deliberations. European and national authorities warned ...

Bloomberg The Bank of Thailand held its benchmark interest rate steady at an all-time low and cut its forecasts for economic growth, saying it was gauging whether further efforts were needed to restrain the local currency. The central bank kept its policy rate at 1.25% on Wednesday in a unanimous decision. All 23 economists in a Bloomberg survey predicted a ...

Bloomberg Togo and the World Bank have agreed a $150 million loan to refinance its more expensive debt after the global lender failed to guarantee the initial 300 million euros that the country is seeking. “Due to the refusal of the new board of the World Bank to guarantee the syndicated loans,” Togo has held discussions on a cheaper loan,” ...