News

ABU DHABI / WAM AD Ports Group, the leading global driver of trade and logistics, signed a Memorandum of Understanding (MoU) with the General Company for Ports of Iraq (GCPI) to promote increased cooperation between the two organisations within the fields of transportation and maritime. Facilitated during a visit of a high-level delegation led by the Iraqi Minister of Transportation, ...

Abu Dhabi / Emirates Business Emirates Development Bank (EDB), a key financial enabler of the country’s economic diversification and industrial transformation agenda, is launching the EDB Business Banking app in partnership with YAP, a leading UAE-based fintech, to support small and medium-sized enterprises (SMEs) operating in the UAE. The launch of the app is integral to EDB’s new strategy unveiled ...

Dubai / Emirates Business Deyaar Development PJSC (Deyaar), one of Dubai’s leading property developers and real estate service providers, announced the appointment of Gulf Asia Contracting, the construction vertical of RP Group, as a main contractor to build Regalia – a skyscraper in Business Bay offering a smart, high-end urban lifestyle embodied by royalty and distinction. A groundbreaking ceremony held ...

Dubai / WAM Gastech, the world’s foremost exhibition and conference, begins on Tuesday at the Dubai World Trade Centre. The event, held under the patronage of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, is organised by dmg events and will take place from September 21-23. It will converge ...

Dubai / WAM A total of 16,000 new companies joined Dubai Chamber in the first eight months of 2021, bringing its total membership to over 275,000, a year-on-year growth of 68.5 percent. The value of ATA Carnets, international customs documents that permit temporary import of duty-free and tax-free goods, issued by Dubai Chamber and received by the country, between January ...

Beirut / WAM The UAE Embassy in Beirut has held a virtual seminar entitled, “The Importance of the Human Fraternity Document to Research and Academic Work.” The seminar was attended by Prof Roula Talhouk, Director of the Islamic Christian Research and Documentation Centre (CEDIFR), at the Saint Joseph University of Beirut; and Dr Bilal Orfali, Sheikh Zayed Professor for Arabic ...

Al Ain / WAM Researchers at the United Arab Emirates University (UAEU) have made an unprecedented scientific advance that has the potential to revolutionise the water desalination industry. Scientists in the university’s National Water and Energy Centre have invented a new desalination system that dramatically reduces energy consumption during the desalination process. The low-energy desalination system has been granted a ...

Bloomberg Cars24 Services Pvt is raising $450 million in equity and debt from SoftBank Group Corp and other investors, underscoring growing demand for used vehicles as Covid disruptions and systemic chip shortages crimp auto production. The round values India’s largest used-car site at $1.84 billion, almost doubling from the end of last year. SoftBank, DST Global and Falcon Edge Capital ...

Bloomberg Hybrid vehicles are a better fit than battery-powered electric cars for India in the immediate future, given the nation’s shortcomings in EV infrastructure, according to the regional head of auto parts supplier Schaeffler AG. “Hybrid vehicles will play an equally important role because they are able to address some of the immediate infrastructure challenges around e-mobility,” Dharmesh Arora, Schaeffler’s ...

Bloomberg Indonesia’s moratorium on new oil palm plantation permits is set to expire this week as the industry awaits clarity on whether the government will extend the policy. President Joko Widodo ordered a stop to permit issuance for new plantations and expansion of existing ones for three years in a decree signed on September 19, 2018. That order expanded on ...