Bloomberg Japan’s cabinet approved a record budget for next fiscal year, with social security costs pushing up the bill for a government already struggling to rein in the developed world’s biggest public debt load. Spending by the Japanese government will increase by about 1.2% to 102.7 trillion yen ( in the year starting April, the Finance Ministry confirmed. Outlays on ...
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Abu Dhabi / WAM The Department of Municipalities and Transport (DMT), launched an AED 8 billion ‘For Abu Dhabi’ initiative, which will enhance urban spaces and nature sites in a bid to categorise Abu Dhabi as one of the most liveable cities in the world. The new initiative is a part of DMT’s contribution to the Abu Dhabi Government Accelerator Programme, ...
Read More »ABU DHABI / WAM Saqr Ghobash, Speaker of the Federal National Council (FNC), stated that promoting tolerance, moderation, openness and coexistence is a key tool for countering terrorism and is one of the values of the Emirati people. He made this statement while receiving, at headquarters of FNC in Abu Dhabi, Vladimir Voronkov, Under-Secretary-General of United Nations Counter-Terrorism Office, who ...
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Dubai / WAM Etihad Credit Insurance (ECI), signed a Memorandum of Understanding (MoU) with HSBC to help UAE businesses and exporters access global markets, which will give them a platform for sustainable growth and development over the long-term. The MoU was signed by Massimo Falcioni, CEO of Etihad Credit Insurance, and Abdulfattah Sharaf, Chief Executive Officer, UAE and Head of ...
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Bloomberg Shares in Saudi Aramco dropped for a second day in a row a week after its record initial public offering, pushing its market value just below $2 trillion, the level sought by Crown Prince Mohammed bin Salman. Shares ended 2.8% lower at 36.70 riyals in Riyadh, giving the company a total value of $1.96 trillion. The stock was included ...
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Abu Dhabi / WAM His Highness Sheikh Theyab bin Mohamed bin Zayed Al Nahyan, Chairman of Abu Dhabi Crown Prince’s Court and Chairman of Etihad Rail, has supervised a board meeting during which he approved a AED 4.6 billion ($1.25 billion) tender for the civil works and construction of Package D of Stage Two of the UAE’s national railway. Package D ...
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Abu Dhabi / WAM Fujairah Terminals, wholly-owned by Abu Dhabi Ports, celebrated the official start of the 2019-2020’s cruise season with the first-ever cruise turnaround conducted at Fujairah Port. The recent call by the Marella Discovery, a cruise liner operated by TUI UK, at Fujairah Terminals marked the first time a visiting vessel dropped off arriving guests and welcomed new ...
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Dubai / WAM Etihad Credit Insurance (ECI), signed a Memorandum of Understanding (MoU) with HSBC to help UAE businesses and exporters access global markets, which will give them a platform for sustainable growth and development over the long-term. The MoU was signed by Massimo Falcioni, CEO of Etihad Credit Insurance, and Abdulfattah Sharaf, Chief Executive Officer, UAE and Head of ...
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Abu Dhabi / Emirates Business Adnoc Distribution, UAE’s largest fuel and convenience retailer, unveiled its next-generation Oasis store at the Corniche Road station, Abu Dhabi. The contemporary refreshed look and feel will be the start of an extensive refurbishment plan. Following the Adnoc Distribution Board of Directors meeting, the Board visited the store. The newly designed space features a range ...
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Abu Dhabi / WAM Dr Nawal Al Hosany, Permanent Representative of the UAE to the International Renewable Energy Agency (Irena), said that the UAE’s contributions to the renewable energy sector have made it a model to follow, with investments worth $12 billion covering 49 renewable energy projects across 25 countries, producing some 4GW of energy supplies to communities. Al Hosany noted ...
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