News

  ABU DHABI / WAM Agthia Group PJSC, one of the region’s leading food and beverage companies, on Thursday held its General Assembly Meeting virtually. During the meeting, the shareholders approved the board’s proposal for an interim cash dividend payment at a value of 8.25 fils per share, with a total value of AED 65.31 million for the 6 months ...

  ABU DHABI / WAM e&, formerly known as Etisalat Group, on Thursday announced a multi-year strategic partnership with Abu Dhabi Motorsports Management as a founding partner of Formula 1 Etihad Airways Abu Dhabi Grand Prix, the biggest sporting event in the Middle East. As a founding partner for the signature event, e& will work closely with Abu Dhabi Motorsports ...

  DUBAI / Gulf Time Welcome Residency is a new project by Al Seeb Real Estate Development LLC, located in Arjan Dubai Land, a desirable location of Dubai’s most exclusive area near the Miracle Garden. The project is about 50% complete, with ready mock up apartment and will be launching very soon. Comprising of two and three bedroom apartments providing ...

  DUBAI / WAM Seatrade Maritime will bring its flagship Middle East conference and exhibition, now titled “Seatrade Maritime and Logistics Middle East”, back to Dubai in May 2023, under the patronage of the Ministry of Energy and Infrastructure, as part of UAE Maritime Week. The maritime exhibition and conference, including Logistics for the first time, has been a firm ...

ABU DHABI / WAM The United Arab Emirates has been ranked first in the Mena region and 11th globally in the 2022 Quality Infrastructure for Sustainable Development Index report issued by the United Nations Industrial Development Organization (UNIDO) and the International Network and Quality Infrastructure (INet QI). The UAE, listed in the L group of countries (those with a GDP ...

  DUBAI / WAM Saeed Mohammed Al Tayer, MD and CEO of Dubai Electricity and Water Authority (DEWA), received Naseer Ahamed, Special Envoy of the Sri Lankan President and Minister of Environment of Sri Lanka. The visit aimed to discuss ways of cooperation in the renewable and clean energy sector, as well as the key projects, initiatives and programmes to ...

  ABU DHABI / WAM The United Arab Emirates welcomed a US initiative to establish a fund to meet the needs of the Afghan people and contribute to strengthening economic stability in the country. The Ministry of Foreign Affairs and International Cooperation (MoFAIC) stated that the UAE welcomes the announcement by the United States and a number of international partners ...

  Bloomberg US railroads and unions reached a tentative deal on Thursday, a breakthrough that looks to avert a labour disruption that risked adding supply-chain strains to the world’s largest economy. After 20 straight hours in the latest round of talks — which included President Joe Biden and other administration officials — the companies and union negotiators reached a preliminary ...

  Bloomberg Microsoft Corp’s planned $69 billion purchase of computer games developer Activision Blizzard Inc faces an in-depth probe in the UK after regulators said the deal could hamper competition. The Competition and Markets Authority (CMA) said it decided to kickstart a longer review after Microsoft turned down the chance to offer remedies to address its concerns. “Microsoft informed the ...

Bloomberg McDonald’s Corp is moving its innovation centre and about 100 jobs into central Chicago — a big bet on the city that comes as other high-profile companies flee the area’s high taxes and crime. The world’s biggest restaurant company by sales said it’s relocating the workers from Romeoville, a Chicago suburb, to the company’s headquarters in the city. The ...