News

RAS AL KHAIMAH / WAM So far 33 countries have confirmed their participation in the first and largest international exhibition for small and medium-sized enterprises, SMEs, which Ras Al Khaimah will host next November, organisers said. Mohamed Musabbeh Al Nuaimi, Chairman of the RAK Chamber of Commerce and Industry, which is organising the event, said that the event, which will ...

DUBAI / WAM As many as 296.22 million riders used public, shared transport and taxis in the first half of this year in Dubai, according to the H1 report issued by the Roads and Transport Authority (RTA). The number reflects a healthy 6.5 percent growth rate from the figure recorded in the same period last year, which was 277.91 million ...

Abu Dhabi / WAM Abu Dhabi Ports and Jiangsu Overseas Cooperation Investment Co. Ltd. (JOCIC), have signed a five-year agreement with Industrial and Commercial Bank of China (ICBC), to make it easier and quicker for Chinese companies to do business at Khalifa Industrial Zone (Kizad), Abu Dhabi’s integrated trade, logistics, industrial and free zone. Abu Dhabi Ports, the operator and ...

NEW YORK / WAM At the UN Security Council’s annual Open Debate on children and armed conflict, the UAE reaffirmed the commitment of the Coalition to Support Legitimacy in Yemen – of which the UAE is a member – to complying with obligations under international humanitarian law, and underscored the seriousness with which the Coalition takes its responsibility to protecting ...

Ras Al Khaimah / WAM Ras Al Khaimah Economic Zone (Rakez), is planning to reduce water and electricity consumption by 38.5 percent over the next five years. Rakez has signed a contract with Smart4Power, an energy efficiency solutions provider, for a retrofit project covering nine buildings, including a district cooling plant. The agreement, which is part of Rakez contribution towards the ...

Dubai / Emirates Business Dubai Investments PJSC, the leading, diversified investments company listed on the Dubai Financial Market, announced that it has been conferred with the ESQR Quality Choice Awards 2019 in Berlin, Germany. The award, presented in recognition of the company’s exemplary leadership within UAE’s thriving investment sector, marked Dubai Investments the only investment company awarded from the region. ...

Abu Dhabi / WAM The Airport Belgrade Catering (ABC), company, which was fully acquired by Emirati-owned Cirta Group, a group of companies supported by government entity Khalifa Fund for Enterprise Development (KFED), has secured the biggest deal with the country’s flag carrier Air Serbia. Under the terms of the agreement, ABC will provide the Serbian airline company, in which Etihad ...

Abu Dhabi / WAM The UAE’s Financial Intelligence Unit (FIU) has announced on Saturday the signing of a Memorandum of Understanding (MoU) with the Saudi Arabia Financial Intelligence Unit. The strategic partnership will further strengthen the cooperation between the two financial intelligence agencies. This will include the development of shared network platforms which will allow for enhanced knowledge sharing between ...

Bloomberg Beijing pledged to respond if the US insists on adding extra tariffs to the remainder of Chinese imports, as President Donald Trump’s abrupt escalation of the trade war between the world’s largest economies sent stocks tumbling across three continents. Trump announced that he would impose a 10% tariff on a further $300 billion in Chinese imports, a move set ...

Bloomberg South Korea’s Financial Services Commission said it will give “swift and sufficient” financial support to companies affected by Japan’s export restrictions in an effort to limit the impact on the economy. Financial institutions including the Korea Development Bank will immediately extend the debt maturity of companies affected by Japan’s export restrictions by a year, while commercial banks will voluntarily ...