News

Bloomberg Neil Woodford has raised at least $796 million by selling listed assets held in his frozen flagship fund, as he prepares for a potential line of clients yanking their money when the fund reopens. The embattled stock picker shocked the financial world in early June by halting withdrawals from his LF Woodford Equity Income Fund after a run of ...

Bloomberg A decision to close Europe’s biggest natural gas field is starting to raise concerns about the impact on the region’s biggest trading hub for the fuel. The Dutch Title Transfer Facility has grown into Europe’s largest gas market in the past few years, surpassing the UK, partly because of the scale of flows converging in the Netherlands. A plan ...

Dubai / WAM Dubai Electricity and Water Authority (Dewa) announced that it has won the ‘best customer service initiative through the billing sector’ for its ‘high water usage alert initiative’ as part of the Global Business Excellence Awards 2019, organised by the UK-based Awards Intelligence. The Global Business Excellence Awards recognises public and private sector institutions in accordance with rigorous ...

Abu Dhabi / Emirates Business Etisalat announced the launch of its double data offer providing existing and new postpaid customers twice as much data on their ‘Freedom’ plans. Etisalat Freedom plan customers who joined on April 1 onwards will automatically get their data doubled upto 200GB as part of the limited time promotion. New and existing Etisalat customers can take ...

Abu Dhabi / WAM HH Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, and Narendra Modi, Prime Minister of India, discussed enhancing bilateral relations and reviewed a variety of regional and global issues of common interest. During an official session at Qasr Al Watan, HH Sheikh Mohamed bin ...

ABU DHABI / WAM His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, on Saturday conferred Narendra Modi, Prime Minister of India, with the Order of Zayed, in recognition of his role in promoting friendship and cooperation between the two friendly countries. The Order of Zayed was ...

ABU DHABI / WAM Around 175,000 merchant acceptance locations of 21 businesses and 5,000 ATMs in the UAE will soon start accepting India’s RuPay card, it was announced on Saturday. RuPay card, an Indian indigenous equivalent of Mastercard or Visa, was launched in the presence of Indian Prime Minister Narendra Modi who swiped his card for buying Indian sweets at ...

Dubai / WAM The UAE has ranked first in the Arab region according to the 2019 Government Electronic and Mobile Services (Gems) Maturity Index. Issued by the United Nations Economic and Social Commission for Western Asia (ESCWA), the indicator is a measuring tool of progress at the national level in achieving transition to digital services. It was carried out across ...

CHENNAI / DUBAI / WAM DP World UAE Region and Jebel Ali Free Zone (Jafza) showcased their capabilities and offerings at the FoodPro Exhibition and Conference organised by the Confederation of Indian Industry (CII) in Chennai, India to support and facilitate India’s food and beverage exports. The DP World team engaged with F&B companies looking to expand their businesses outside ...

ABU DHABI / WAM The Federal Tax Authority (FTA) has begun carrying out procedures related to implementing the latest Cabinet decision on excise goods, excise tax rates, and the method of calculating the excise price, issued in August 2019, which expanded the scope of excise goods to include electronic smoking devices and liquids, and sweetened drinks. The new decision goes ...