News

DUBAI / WAM DP World has announced a partnership with Zhejiang China Commodity City Group (CCC Group) to develop a ‘Traders Market’ at Jebel Ali Freezone (Jafza). DP World will hold a majority share in the 70/30 joint venture. The Traders Market project will span approximately 800,000 square metres, with Phase 1 development covering about 220,000 square metres. Phase 1 ...

Bloomberg India’s central bank approved a record 1.76 trillion-rupee ($24.4 billion) payout to the federal government, boosting New Delhi’s coffers at a time when it is under pressure to provide a fiscal stimulus to the slowing economy. The Reserve Bank of India’s (RBI) board approved a transfer, which includes 1.23 trillion rupees as dividend and 526.4 billion rupees from its ...

Bloomberg The firm that’s transforming an archipelago, desert and mountains — an area about the size of Belgium — on Saudi Arabia’s Red Sea coast into a global tourism destination is talking to banks to raise $3.5 billion, according to people with knowledge of the matter. The Red Sea Development Co. started discussions with local lenders for a 13 billion-riyal ...

Bloomberg Oil jumped after US President Donald Trump said that China wanted to restart trade talks, potentially easing tensions between the two countries. Futures in New York rose as much as 1.5 percent, snapping the longest run of declines in more than five weeks. Trump’s comments reversed a drop of as much as 2.2 percent that had looked set to ...

Dubai / Emirates Business To improve the ultimate health outcomes for patients and enhance their overall experience at all its facilities, Aster DM Healthcare is setting up Aster Innovation and Research Centre in GCC and India. Aster DM Healthcare is one of the first private healthcare organisations in the UAE to set up a dedicated innovation and research centre. This ...

ABU DHABI / WAM Emirati women make up 45 percent of the UAE’s space sector workforce, which reaffirms the government’s commitment to encourage a more diverse career path for Emirati women, said Dr Mohamed Nasser Al Ahbabi, Director-General of the Emirates Space Agency. Speaking to the Emirates News Agency (WAM) on the occasion of Emirati Women’s Day, which is observed ...

Dubai / WAM Brigadier Abdullah Hussain Ahli, Acting Commander-in-Chief of Community Happiness at the Dubai Police, chaired the meeting of the “Support Sector” of the Expo 2020 Dubai. The meeting of the sector, which is one of the expo’s security sectors, along with the operations and criminal investigation sectors, discussed the media plan prepared by the “Information and Communication Committee,” ...

SHARJAH / WAM The Sharjah Museums Authority (SMA) and ICCROM-Sharjah Regional Conservation Centre, have signed a Memorandum of Understanding (MoU) to support the newly launched Master’s programme in Conservation Management of Cultural Heritage (CMCH) at the University of Sharjah. Under the MoU signed by Manal Ataya, Director-General of the Sharjah Museums Authority, and D Zaki Aslan, regional representative of ICCROM ...

ABU DHABI / WAM International efforts to bring an end to the illegal trade in raptors (birds of prey) will be the focus of a workshop taking place on Tuesday, on the opening day of the annual Abu Dhabi International Hunting and Equestrian Exhibition (Adihex), at the Abu Dhabi National Exhibition Centre (Adnec). The workshop is being organised by the ...

ABU DHABI / WAM The Abu Dhabi National Exhibitions Company (Adnec) on Monday released its events calendar for the upcoming season in 2019. Adnec, the emirate’s premier event venue, and the Al Ain Convention Centre (AACC) are gearing up to host world-class exhibitions, conferences and events in Abu Dhabi and Al Ain. Humaid Matar Al Dhaheri, Group CEO of Adnec, ...