Geneva / WAM The UAE, represented by the Telecommunications Regulatory Authority (TRA), chaired the preparatory workshop for the World Radiocommunication Conference (WRC-2019), held at the International Telecommunication Union (ITU), headquarters in Geneva, Switzerland. The workshop was attended by more than 300 delegates from the 193 member states of the ITU, in addition to representatives of international and regional organisations, manufacturers ...
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Phase one of AED21bn Royal Pearls makes steady progress
Dubai / Emirates Business Offering smart, networked and ultra-modern living spaces in a pristine, upscale location within easy reach of key urban hotspots and centrally located in a serene residential setting, Royal Pearls, the prestige new development from Oriental Pearls Real Estate Developers, is a chance at a unique lifestyle experience. Construction on the inimitable project valued at AED 21 ...
Read More »DP World chairman, Ecuador’s trade minister discuss ties
DUBAI / WAM DP World Group Chairman and CEO, Sultan Ahmed bin Sulayem, met Ecuador’s Minister of Foreign Trade, Pablo Campana, at the global trade enabler’s flagship Jebel Ali Port and Free Zone in Dubai. The visit follows the ground-breaking ceremony held in September this year to mark the start of DP World’s construction of a greenfield multi-purpose port project ...
Read More »DP World raises stake in Brazil port to 100%
Dubai / WAM DP World has announced that it completed the acquisition of an additional 66.67% stake in Empresa Brasileira de Terminais Portuarios (Embraport) in Brazil from Odebrecht Transport (OTP). This transaction increases DP World’s shareholding to 100% and the terminal will be rebranded to DP World Santos. The purchase consideration is below 5% of DP World’s net asset value ...
Read More »ADGM, Daman partner to boost fintech ecosystem in Abu Dhabi
Abu Dhabi / WAM Abu Dhabi Global Market (ADGM) signed a Memorandum of Understanding with the National Health Insurance Company, Daman, to collaborate and consult on initiatives to promote the growth and development of the insurance-related FinTech ecosystem, InsurTech, in Abu Dhabi and the UAE. The MoU was signed by Dr Michael Bitzer, CEO of Daman, and Richard Teng, CEO ...
Read More »Central Bank gold holdings reach AED1.13bn in Oct
ABU DHABI / WAM The UAE Central Bank’s reserve of gold bars amounted to AED1.129 billion by the end of October, a growth of 11.2% from AED1.015 billion by the end of 2016. The month of April saw the CB resuming gold holdings after eight years during which the banks’ reserves were confined to a foreign currency basket, primarily US ...
Read More »UAE has become a force for shaping the future: Hamdan
Dubai / WAM His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, has said that the 46th National Day is testimony to the fact that no matter what the challenges are, the determination of honest leaders to prioritise the wellbeing and prosperity of citizens over everything else always prevails. In a statement issued through the ...
Read More »Scotland appoints first trade envoy to UAE
Abu Dhabi / WAM The Scottish government has appointed its first Scottish trade envoy to the UAE and in the MENA region, reflecting the significance of the UAE to Scotland and the UK. Nick Maclean will serve in the position as part of Scotland’s plans to extend its worldwide business reach with the appointment of a team of trade envoys ...
Read More »UAE-Saudi set up joint cooperation committee
Abu Dhabi / WAM President His Highness Sheikh Khalifa bin Zayed Al Nahyan, has issued a Resolution forming a Joint Cooperation Committee between the United Arab Emirates and Saudi Arabia. In its first article, the Resolution stipulates the establishment of a joint committee for cooperation and coordination between the UAE and the Kingdom of Saudi Arabia, to be jointly chaired ...
Read More »Women’s empowerment summit opens in Sharjah
SHARJAH / WAM The first Women’s Economic Empowerment Global Summit (WEEGS 2017) was inaugurated on Monday in the presence of His Highness Dr Sheikh Sultan bin Mohammed Al Qasimi, Supreme Council Member and Ruler of Sharjah, his wife, Her Highness Sheikha Jawaher bint Mohammed Al Qasimi, Chairperson of NAMA and Honorary Patron for Global Women’s Inclusion, and several high-ranking government ...
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