Dubai / Emirates Business ENBD REIT (CEIC) Limited, the Shari’a-compliant real estate investment trust managed by Emirates NBD Asset Management, announced its acquisition of The Edge office building in Dubai Internet City from developer SWEID & SWEID at a transaction value of AED 280 million. The premier 92,000-square foot office building, is home to global tech outfit Oracle, social media ...

Dubai / WAM The Higher Committee of the Arab Reading Challenge announced that this year’s competition has seen a whopping 108 percent increase in participation among Arab students living in non-Arab countries. The numbers are testimony to the initiative’s success in transcending the borders of the Arab world. In total, students from 11 countries – the UK, Denmark, France, Indonesia, ...

Abu Dhabi / Emirates Business The Abu Dhabi Department of Urban Planning and Municipalities (DPM) will showcase its latest digital development projects in the Abu Dhabi digital government pavilion at GITEX 2017. The DPM has been invited to attend the event due to its impressive achievements in developing and implementing digital enhancements to its processes and customer services. During the ...

Abu Dhabi / Emirates Business An expanded and restructured strategic conference programme at the world’s leading annual meeting for senior oil and gas decision makers, the Abu Dhabi International Petroleum Exhibition and Conference (ADIPEC), will play a vital role in driving strategic investment decisions across the industry’s full value chain, organisers said today. Investment in refining and selling the oil ...

Bloomberg President Donald Trump is weighing a new strategy to confront Iran’s nuclear ambitions that would leave a 2015 agreement intact for now but ask Congress to toughen a law overseeing the Islamic Republic’s compliance with the accord, according to three administration officials. The goal behind the strategy, which Trump is expected to announce next week, would be to present ...

Bloomberg US lawmakers pledged to back Puerto Rico’s recovery as Governor Ricardo Rossello prepares to request a multibillion dollar Congressional aid package to help rebuild from the devastation caused by Hurricane Maria. Rossello said his government would make a request to Congress by January for long-term assistance. The US territory continues to dig out after the Category 5 storm left ...

Bloomberg Scottish First Minister Nicola Sturgeon appealed across the political divide to help keep Britain in the single market after it leaves the European Union. Speaking as her Scottish National Party begins its annual conference in Glasgow, Sturgeon said the British government’s plan to leave the single market would inflict “monumental damage” on all parts of the UK. “Let’s stay ...

Bloomberg North Korean leader Kim Jong Un has promoted his 28-year-old sister to the ruling party’s political wing, bringing her closer to the center of power and tightening the family’s control on the regime. The promotion of Kim Yo Jong took place at a Workers’ Party convention in Pyongyang, where Kim Jong Un called for continuing nuclear-arms development to defend ...

Bloomberg Rodrigo Duterte’s popularity fell last month by the most since he became Philippine president in June 2016 after minors were killed in his deadly drug war and allegations surfaced of hidden wealth. Duterte’s net satisfaction rating fell 18 percentage points to 48 percent, according to a Social Weather Stations survey of 1,500 adults from Sept. 23 to 27. His ...

Bloomberg Talks to form New Zealand’s next government have begun in earnest after final election results showed both main parties could form viable coalitions. The ruling National Party and Labour opposition started separate negotiations on Sunday in Wellington with the nationalist New Zealand First Party, whose support both require to reach a majority in parliament. New Zealand First leader Winston ...