News

ABU DHABI / WAM The United Arab Emirates is the sixth largest source of the Foreign Direct Investment (FDI), inflows to Sri Lanka, and its largest trading partner in the Middle East with bilateral trade representing more than half of the country’s total trade with the region, a top Sri Lankan official told the Emirates News Agency (WAM). There was ...

AL AIN / WAM Strata Manufacturing, the advanced composite aero-structures manufacturing facility wholly-owned by Mubadala Investment Company, successfully delivered its first shipset of Empennage Ribs for the 777X, the world’s largest and most efficient twin-engine jet produced by Boeing. The announcement, made during Dubai Airshow 2019, follows the landmark agreement between the two companies signed during Abu Dhabi Global Aerospace ...

Dubai / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, and His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, on Sunday opened the ‘Dubai Airshow 2019’ at Dubai World Central. The two leaders watched ...

Abu Dhabi / Emirates Business Abu Dhabi is to introduce the GCC’s first Social Impact Bond, an innovative and internationally recognised financial tool that raises private investment to support high-impact social programs, under the Authority for Social Contribution – Ma’an. Launching next year, Social Impact Bonds operate on a pay-for-success basis, whereby payment relies on a successful social outcome – ...

ABU DHABI / WAM The Zayed House for Islamic Culture (ZHIC), has registered one million participants in the “Covenant for Million Tolerant” e-initiative launched last April as part of the Year of Tolerance programmes, aimed at promoting the values of tolerance within the UAE community. According to statistics, visitors to the e-platform reached 1,300,000, of which 68 percent were males ...

ABU DHABI / WAM The Khalifa bin Zayed Al Nahyan Foundation donated AED5.5 million to the United Nations Relief and Works Agency for Palestine Refugees in the Near East (UNRWA), to implement its project to provide school supplies to Palestinian refugee students of the UNRWA Sheikh Khalifa bin Zayed Al Nahyan Elementary Boys and Elementary Co-Educational Schools in northern Gaza. ...

DUBAI / WAM DMCC, a Dubai-based free zone that acts as a gateway into global trade, released on Sunday the approved Arabic translation of the ‘Diamond Terminology Guideline.’ The guideline sets a universal standard for the diamond and jewellery trade when communicating about diamonds and laboratory-grown diamonds. The guideline provides clear and accessible terminology to eliminate confusion among industry bodies, ...

DUBAI / wam Emirates Post, in association with Arab Postal Authorities, issued a unified commemorative stamp entitled ‘Al Quds – Capital of Palestine’, to support Al Quds’ cause and to protect its Arabian heritage, as well as serve a reminder of the emotional and cultural importance the city holds in the eyes of every Arab. During a meeting that was ...

Bloomberg India’s finance minister Nirmala Sitharaman said it was too early to say if the slowdown in the economy had bottomed out. Companies are planning new investments after $20 billion worth of corporate tax cuts announced in September, Sitharaman told reporters in New Delhi. Actual investments may take some time to materialise, she said. Prime minister Narendra Modi’s government has ...

Bloomberg US and Chinese trade negotiators held “constructive discussions” in a phone call to address each side’s core concerns of phase one of the trade deal. China’s Vice Premier Liu He, the country’s key negotiator in the trade talks with the US, spoke with Treasury Secretary Steven Mnuchin and Trade Representative Robert Lighthizer, according to the Chinese Commerce Ministry. The ...