News

Ras Al Khaimah / Emirates Business Ras Al Khaimah Economic Zone (Rakez) has become the first entity to support Ras Al Khaimah’s Energy Efficiency and Renewables Strategy 2040. With its upcoming developments, the economic zone has committed to complying with Barjeel, the green building regulations of the emirate, which will soon be mandatory to all building constructions. Currently, Rakez is ...

Dubai / Emirates Business Deyaar Owners Association Management (DOAM), a subsidiary of Deyaar Development (Deyaar), one of Dubai’s leading property developers and real estate service providers, announced the addition of 1,849 new units, with a saleable area of 1.7 million square feet, to its portfolio throughout the year, increasing the number of units the company now oversees to more than ...

SHARJAH / WAM The Sharjah Documentation and Archiving Authority (SDAA), approved an integrated classification system to manage and preserve document and data privacy of Sharjah International Commercial Arbitration Centre (Tahkeem). The system sets the retention periods for Tahkeem’s files and determines their final status in accordance with best international standards and practices, the SDAA explained in a statement. The new ...

ABU DHABI / WAM Masdar on Wednesday announced “The Improvers” as the winning team of its Ecothon Plus competition, which is held under its Future Sustainability Leaders programme. Hosted in collaboration with the Emirates Red Crescent, the teams competing in the Ecothon Plus competition were tasked with providing energy-efficient solutions for the UAE-Jordanian Refugee Camp in Marajeeb Al Fhood, Jordan. ...

Dubai / WAM The Director-General of Dubai Customs Ahmed Mahboob Musabih has held a meeting with Adamu Aba Bajnan, Consul-General of Benin in Dubai. The two discussed means of boosting bilateral trade and customs cooperation between Benin and Dubai. “It’s very important for us to boost ties of partnership with Beninese diplomatic missions and businesses. We have priorities which include ...

NUR-SULTAN / WAM Nursultan Nazarbayev, First President of Kazakhstan, has received Dr Mohammed Ahmed bin Sultan Al Jaber, UAE Ambassador to Kazakhstan. During the meeting, which took place at Nazarbayev’s palace in the Kazakh capital, Nur-Sultan, both sides discussed bilateral ties, which have witnessed significant development in recent years, particularly following signing of a mutual visa exemption agreement for citizens ...

Bloomberg Typhoon Phanfone continues to bring destructive winds and intense rainfall over parts of central Philippines on Wednesday, a day after forcing hundreds of people to evacuate and stranding thousands of holiday travelers in Asia’s largest Catholic nation. Locally called Ursula, it packed maximum sustained winds of 140 kilometers (87 miles) per hour and gusts of up to 195 kph, ...

Bloomberg India’s economy showed nascent signs it may be turning a corner after six straight months of anemic activity. Two of the eight high-frequency indicators compiled by Bloomberg News came in stronger in November based on a three-month weighted average reading, although that wasn’t enough to move the needle on a gauge measuring overall activity. The dashboard measures “animal spirits,” ...

Bloomberg NMC Health Plc shares gained after the company said it plans an independent review of assertions from “certain third parties,” partly recovering from a slump that followed allegations by short seller Muddy Waters Capital LLC recently. The company has been under siege since Carson Block’s Muddy Waters said its financial statements hint at potential overpayment for assets, inflated cash ...

Bloomberg The presidents of three Japan Post Group companies will step down on Friday amid a scandal involving insurance sales, local broadcaster JNN reported. The report said that the executives would step down at a press briefing on Friday, amid the ongoing scandal involving Japan Post insurance sales. Japan Post said that it is unaware of any plans by the ...