Local News

Abu Dhabi / Emirates Business Aiming to diversify its funding base and tenors, Al Hilal Bank has issued a $100 million private placement Sukuk. This is the third issuance under Al Hilal Bank’s $2.5 billion Euro Medium Term Note (EMTN) programme. The two-year $100 million RegS floating rate Sukuk was priced at three-month LIBOR + 90 bps. The deal was ...

Dubai / Emirates Business With the Middle East continuing to be a region that enjoys relatively healthy rates of growth, economic expansion and diversification, the region is attracting fresh attention from logistics, transport, warehousing and materials handling providers from across the world. Materials Handling Middle East 2017, the region’s premier dedicated trade and networking platform for the intralogistics, warehousing, freight ...

Dubai / WAM Middle East Food Forum, the UAE’s hub for all food service business owners and operators, is set to host the Restaurant Development Conference alongside the International Centre for Culinary Arts (ICCA), at the Dubai World Trade Centre, from September 18-20. With over 20 panelists participating at the 50,000 delegate-strong conference, the 3-day event by GulfHost ’17 will ...

Beijing / WAM The 6th session of the UAE-China Joint Economic Committee held in China’s capital of Beijing, has concluded with the two sides reporting their achievements in the development of cooperative frameworks in several vital areas of common interest. The UAE delegation was headed by Sultan bin Saeed Al Mansouri, Minister of Economy, while the Chinese side was led ...

Abu Dhabi / WAM The UAE’s Federal Authority for Nuclear Regulation (FANR), board of management has convened to review current progress of the country’s lead nuclear regulator in terms of nuclear safety, security and safeguards. The meeting, presided over by Abdulla Nasser Al Suwaidi, Chairman of FANR, reviewed an update on the status of operating license application for Units 1 ...

Abu Dhabi / WAM The Global Reporting Initiative (GRI), an international independent organisation that has pioneered corporate sustainability reporting since 1997, will hold the regional launch of the new GRI Standards in Abu Dhabi on September 19. The launch event is being hosted by Abu Dhabi’s renewable energy company, Masdar, is sponsored by Union National Bank, and has been organised ...

Abu Dhabi / WAM As hundreds of thousands of pupils across the UAE returned back to school on Sunday to start the 2017-2018 academic year, His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, on Sunday toured Hamdan Bin Zayed School in Abu Dhabi, reiterating the central ...

Abu Dhabi / WAM Abu Dhabi National Oil Company (ADNOC), has shown its determination to harness the creativity and potential of its high achieving young employees, and provide them with greater leadership opportunities, as it continues to deliver its integrated smart growth strategy. Dr Sultan bin Ahmad Sultan Al Jaber, Minister of State and CEO of the ADNOC Group, met ...

Abu Dhabi / WAM The United Arab Emirates and South Korea have reached a mutual recognition agreement of the application of the Authorised Economic Operator (AEO). The AEO program is a federal programme that connects the UAE with the rest of the world in terms of trade and customs. It recognizes traders as trusted operators and provides them with exclusive ...

Dubai / WAM The Dubai Multi Commodities Centre (DMCC), signed a Memorandum of Understanding, MoU, with the China Chamber of International Commerce (CCoIC). The agreement, which was signed at the China-Arab States Business Summit 2017 in Yinchuan, China, aims to explore the possibility of establishing a joint business council, organising cross-border trade delegations, as well as enhancing collaboration in the ...