News

Dubai / WAM Dubai Airports (DXB), on Monday announced its pledge to ban single-use plastics from consumer spaces at the world’s busiest international airport effective 1st January 2020. Every year Dubai Airports recycles over 43,000 tonnes of paper, glass, and other waste to limit its impact on the environment. Over the past six months alone, Dubai Airports collected and disposed ...

DUBAI / WAM Enoc Group has secured a five-year $690 million term loan from a Chinese consortium of banks as China’s biggest financial institutions endorse the Group’s operational and financial health. The term loan will finance general corporate purposes as Enoc continues to fuel the local economy through its business divisions in exploration and production, supply and operations, terminals, fuel ...

ABU DHABI / WAM President His Highness Sheikh Khalifa bin Zayed Al Nahyan, has conferred the Order of Independence, First Class, on the Moazzam Ahmad Khan, Ambassador of Pakistan to the UAE, in recognition of his efforts during his tenure, towards the development and strengthening of friendly relations and cooperation between the two countries across all fields. His Highness Sheikh ...

Abu Dhabi / WAM The UAE welcomes any efforts to defuse tension in the region and looks forward to see a calm, stable, developed and forward looking Middle East in the future, said HH Sheikh Abdullah bin Zayed Al Nahyan, Minister of Foreign Affairs and International Cooperation. Sheikh Abdullah made the remarks during a joint press conference with Heiko Maas, ...

Dubai / WAM Dubai Electricity and Water Authority (Dewa), is organising the 21st Water, Energy, Technology, and Environment Exhibition (Wetex), which will be held from October 21-23, at the Dubai International Convention and Exhibition Centre. The exhibition is held under the patronage of HH Sheikh Hamdan bin Rashid Al Maktoum, Deputy Ruler of Dubai, Minister of Finance and President of Dewa. For ...

Dubai / WAM Dubai FDI, the investment development agency of Dubai Economy, is set to embark on its latest investment mission to major cities in China as part of its strategic efforts to support the global infrastructure programme of the Belt and Road initiative. The agency will lead a delegation of government and business leaders to take part in the ...

Abu Dhabi / Emirates Business Etihad Airways, the national airline of the UAE, and Swae, an award-winning startup based in Vancouver, have partnered to launch iFikra, an artificial intelligence-powered platform aimed at unlocking the full potential of Etihad’s workforce by enabling every employee to contribute to innovation. Designed to harness the collective creativity of the organisation, the iFikra platform is ...

Bloomberg Some Chinese exporters are going to extreme lengths to avoid the hit from Donald Trump’s tariffs. Vietnam said that it found dozens of fake product-origin certificates and illegal transfers by companies trying to sidestep US tariffs on everything from agriculture to textiles and steel. It was one of the first times an Asian government has publicly alleged such misbehaviour ...

Bloomberg Chinese internet giant Alibaba Group Holding Ltd has picked China International Capital Corp (CICC) and Credit Suisse Group AG to lead a planned Hong Kong share sale, people familiar with the matter said. The online retailer is in discussions with other investment banks seeking a role on the offering, according to the people, who asked not to be identified ...

Bloomberg China’s rare earths shipments fell in May as prices surged on signs of possible export controls on the minerals amid the escalating trade war with the US. Exports declined to 3,640 tons last month, down 16 percent from April and an 18 percent drop from a year earlier, according to Chinese customs data. Shipments, which can be volatile month-to-month, ...