News

Bloomberg Billionaire Mukesh Ambani abandoned a plan to buy a teetering Indian retailer amid protracted legal challenges from Amazon.com Inc., potentially ending one episode of the broader clash between the two titans to control the country’s billion-people-plus market. In a filing, Reliance Industries Ltd. said its proposal to acquire certain assets of Mumbai-based Future Group — which ran the nation’s ...

  DUBAI / WAM Hessa bint Essa Buhumaid, Minister of Community Development, has announced the completion of the disbursement of AED340 million ordered by His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, for the recipients of social assistance across the country, on the occasion of the ...

  Abu Dhabi / WAM UAE youths are set to play key roles as Abu Dhabi National Oil Company (Adnoc) future-proofs its business to build long-term resilience and remain a catalyst for the nation’s growth and diversification. Speaking at Adnoc’s Youth Ramadan Forum, Dr. Sultan bin Ahmed Al Jaber, Minister of Industry and Advanced Technology and Managing Director and Group ...

PAKISTAN / WAM The UAE Pakistan Assistance Programme (UAE PAP) has announced the start of commercial production at Dates Processing Factory Punjgur in Pakistan, which was built in Panjgur district, Balochistan province by UAE PAP and funded by the Abu Dhabi Fund for Development (ADFD) at a cost of $6.36 million. The project was carried out under the directives of ...

  Sharjah / WAM After a successful debut last year, Expo Centre Sharjah has announced that it will host the second edition of the ‘HIVE Furniture’ Show, the region’s first dedicated event focusing on big box retailers and wholesale traders, from June 13 to 16. The announcement was made on the sidelines of a signing ceremony between Saif Mohammed Al ...

  DUBAI / WAM Dubai’s Roads and Transport Authority (RTA) announced that it would open this May Saih Al-Dahal Road Improvement Project which links Saih Al-Salam Road with the Mohammed bin Rashid Al Maktoum Solar Park. The old single-lane road is being removed and replaced by a dual carriageway extending 11 km comprising two lanes in each direction, along with ...

PANJGUR / PAKISTAN / WAM The UAE Pakistan Assistance Programme (UAE PAP) has announced the start of commercial production at Dates Processing Factory Punjgur in Pakistan, which was built in Panjgur district, Balochistan province by UAE PAP and funded by the Abu Dhabi Fund for Development (ADFD) at a cost of $6.36 million. The project was carried out under the ...

Dubai / WAM His Highness Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, Deputy Ruler of Dubai, Deputy Prime Minister, Minister of Finance and President of the Dubai International Financial Centre has approved the Dubai International Financial Centre (DIFC) Courts Strategic Work Plan 2022- 2024. Encapsulated within a four-pillar mandate, the new three-year plan outlines an ambitious drive for full ...

  Dubai / Gulf Time A leader in UAE mattress market Future Mattress, has announced its plans to capture 20% market share in the mattress sector in the UAE. This was revealed by Muhammad Adil Mirza, CEO, Phoenix Medicines LLC and Future Mattress at recently organized Iftar dinner organised by his group in a leading Dubai hotel, adding that his ...

  Dubai / WAM The Mohammed bin Rashid Al Maktoum Humanitarian & Charity Establishment (MBRCH) has increased its donation to the 1 Billion Meals initiative, the region’s largest campaign for providing food support to the disadvantaged and underprivileged in 50 nations around the world, to AED31 million. They contributed an additional AED11 million on top of the AED20 million they ...