News

Dubai / WAM Dubai Electricity and Water Authority (Dewa) invited international companies and organisations specialised in energy, renewable energy, water, environment, to participate and display their products and services at the 21st Water, Energy, Technology, and Environment Exhibition (Wetex), and the 4th Dubai Solar Show. The events will take place from October 21to 23 at Dubai International Convention and Exhibition ...

Dubai / Emirates Business Commercial Bank of Dubai (CBD), one of the leading banks in the UAE, recently partnered with International money transfer organisation, Xpress Money, a Finablr company, to offer remittance solutions to Pakistan and Philippines for the bank’s customers in the first phase. This partnership is facilitated by Xpress Money’s business solution — FLEX. The partnership agreement was ...

Dubai / WAM A total of 9,062 companies joined Dubai Chamber of Commerce and Industry as new members in the first half of 2019, marking a year-over-year increase of over 22 percent, and bringing the organisation’s total membership to over 240,000. The number of international delegations visiting Dubai Chamber rose 51.7 percent y-o-y to 1,094 over the same period, while ...

SHARJAH / WAM The Sharjah Research, Technology and Innovation (SRTI) Park discussed, with a Chinese delegation, the launch of strategic partnerships that aim to promote technology transfer between the park and Chinese research and development organisations. The delegation’s visit aims to explore available investment opportunities for Chinese investors operating in innovative technological sectors and research and development, as well as ...

ABU DHABI / WAM Upon the directives of President His Highness Sheikh Khalifa bin Zayed Al Nahyan, His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, and Chairman of the Abu Dhabi Executive Council, has ordered to disburse the second instalment of housing loans to Emirati citizens ...

ABU DHABI / WAM Abu Dhabi Airports has assigned additional staff across Abu Dhabi International Airport (AUH) to ensure pilgrims enjoy a seamless and comfortable travel experience. This will ensure the smooth and safe departure and return of pilgrims from Makkah and Madina during the Hajj season, the company said, adding that sufficient preparations are in place in collaboration with ...

Bloomberg Indian tycoon Subhash Chandra’s Essel Group is in advanced talks to sell some toll road projects to an arm of the country’s sovereign wealth fund for about $350 million, according to reports. The assets that National Investment & Infrastructure Fund (NIIF) is planning to buy are four toll roads that are in operations and two in construction, said the people, ...

Bloomberg Grameenphone, the Bangladesh division of Norway’s Telenor Group, said the local telecom regulator’s move to restrict internet bandwidth for its services was “illegal,” as the company continues to pursue arbitration over an audit demand of nearly $1.5 billion. Bangladesh’s largest mobile company said at a press conference the regulator’s move to restrict internet access was “specially designed to put ...

Bloomberg Hong Kong’s wealthiest people are starting to feel the pain from nine weeks of protests that have jammed the financial hub’s streets, weighed on economic growth and battered local stock prices. The 10 richest tycoons who derive their fortunes from Hong Kong-listed companies have seen their net worth tumble by $19 billion since July 23, according to the Bloomberg ...

Bloomberg Australia’s trade surplus rocketed to a fresh record in June as iron ore receipts pushed even higher and a falling international oil price lopped a chunk off imports. The windfall swelled to A$8 billion, a third higher than May’s upwardly revised A$6.2 billion, data from the Australian Bureau of Statistics showed on Tuesday. Iron ore sales climbed to A$9.5 ...