News

Dubai / WAM His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, Chairman of Dubai Executive Council and Chairman of the Dubai Sports Council, has approved the results of the 2016-2017 Sports Events Ranking System. In the results, four events – DP World Tour Championship, Dubai World Cup, Standard Chartered Dubai Marathon and Dubai Tour …

Abu Dhabi / WAM Saab, a defence technology solutions supplier, has officially established its development and production centre in Abu Dhabi at Tawazun Industrial Park (TIP), the hub for strategic defence and aerospace manufacturing. The facility was inaugurated in the presence of Saif Mohammed Al Hajri, Board Member of Tawazun Economic Council; Major General Staff Pilot Ibrahim Nasir Al-Alawi, Commander …

Dubai / Emirates Business The UAE Ministry of Health and Prevention (MOHAP) launched the electronic Early Warning Scores (EWS) project to assist clinicians in taking evidence-based decisions based on early warning scores for different age and obstetric groups. Pediatric Early Warning Score (PEWS), Modified Early Warning Score (MEWS), and Modified Early Obstetric Warning Score (MEOWS) are evidence-based early warning mechanism …

Dubai / Emirates Business MAG PD, the property development division of the MAG Group, rebranded itself as MAG Lifestyle Development as part of the evolution of the company’s long-term strategic vision and roadmap for the future. The strategic rebrand focuses MAG Lifestyle Development on building environments that enhance the lifestyles of residents. Talal Al Gaddah, CEO of MAG Lifestyle Development, …

Dubai / Emirates Business Dubai Land Department (DLD) announced that it signed a strategic partnership agreement with Q4 Consultants. The agreement was signed by His Excellency Sultan Butti bin Mejren, Director General of DLD, and Deepak Batra on behalf of Q4 Consultants. Under the terms of the agreement, the Indian company will act as a ‘Real Estate Promotion Trustee’, supporting …

Bloomberg Crude’s rally fizzled out for a third week, with prices stalled near $57 a barrel as concerns over excess supplies next year temper enthusiasm for OPEC’s extended production curbs. Futures in New York closed just about where they started, with small gains over the past two days merely offsetting losses in previous sessions. While the halt of the Forties …

Bloomberg A week ago, Cameroon was getting ready to jostle for space in a global liquefied natural gas market already crowded with new supplies from the US and Russia. Now the extra output couldn’t come at a better time. France’s Perenco SA and US-traded Golar LNG Ltd. will start shipments from their $1.2 billion LNG project off Cameroon in February, …

Bloomberg Lebanon granted its first offshore energy rights to a group comprising Total SA, Eni SpA and Novatek PJSC, joining a regional race to find and develop oil and natural gas wealth in the eastern Mediterranean after years of delay. The cabinet awarded two licenses in its first offshore bidding round, allowing the companies to jointly explore blocks 4 and …

Bloomberg Hong Kong’s stock exchange proposed to let “innovative” companies list in the Chinese enclave with dual-class share structures to avoid losing out on more initial public offerings by technology giants like Alibaba Group Holding Ltd. Allowing shares with extra voting power is part of a package of measures that may be the biggest change to the exchange’s listing rules …

Bloomberg Go-Jek, Indonesia’s biggest ride-hailing service, agreed to acquire three local financial-technology companies, underscoring its ambition to become the dominant player in the country’s nascent digital-payments industry. The deals bring together Kartuku, Indonesia’s largest offline payments-processing company; Midtrans, the nation’s top online-payment gateway; and Mapan, a local community-based saving and lending network, Go-Jek said. Go-Jek and the three companies now …