News

Bloomberg Bahrain is planning to return to international bond markets this year for first time since the kingdom’s Gulf allies pledged a $10 billion package to help repair its finances and support its currency, according to people familiar with the matter. Government officials are in talks with banks for a possible issuance in the second half of the year and ...

Bloomberg How bad is the trade war for materials investors? How about nearly $21 billion lost in two days. The S&P 500 Materials Index fell about 3.2 percent against the close after President Trump threatened to raise tariffs on billions of dollars of imports from China. The total value lost for the index totalled about $21 billion, according to Bloomberg ...

BOGOTA / WAM The UAE Embassy in Colombia launched the first edition of its bi-annual Spanish-language e-newspaper, titled, “Darna.” The newspaper is aimed at introducing the Colombian community to the UAE’s cultural, social and economic achievements. Salem Rashid Al Owais, UAE Ambassador to Colombia, said that the embassy aims to reach out to private companies, the local business community, and ...

Sharjah / Emirates Business Sharjah Investment and Development Authority (Shurooq), Sharjah Chamber of Commerce and Industry (SCCI) and the Sharjah FDI Office (Invest in Sharjah) will organise the fifth edition of the Sharjah Economic Ramadan Majlis on May 12 at the Al Jawaher Reception and Convention Centre (JRCC) in Sharjah. The Majlis will host discussions on a series of topics ...

Dubai / Emirates Business Amlak Finance PJSC, a leading specialised Islamic real estate financier in the Middle East, on Wednesday announced its financial results for the first quarter ended March 31. The company reported net profit of AED 2 million in Q1 2019 compared to AED 7 million net profit in Q1 2018. The company’s total revenues including unrealised fair ...

Abu Dhabi / Emirates Business Al Adil Trading Co LLC, UAE’s leading name for Indian food stuff expanded their presence in the region when they opened the 40th outlet of Al Adil at Khalidiyah, Abu Dhabi. The branch was inaugurated by Shilpa Shetty, the stunning and beautiful Indian actress in the presence of Dr Dhananjay Datar, Chairman, Mrs Vandana Datar, ...

Dubai / Emirates Business Dubai welcomed innovative cruise ship, Spectrum of the Seas into Port Rashid, marking its debut into the Arabian Gulf. In celebration of this significant occasion, a traditional ‘Plaques and Keys Exchange’ ceremony was hosted on board in the presence of the ship’s captain and key industry stakeholders from the Dubai Cruise Committee. Reaffirming Dubai’s position as ...

Dubai / WAM The Business Registration and Licensing (BRL), sector in the Department of Economic Development (DED), Dubai, issued 2,805 new licenses during April 2019, a growth of 60% compared to April 2018 (1,753). The new licenses created 8,375 jobs in the labour market. Among the new licenses issued, 49% were professional, 48.1% commercial, 2.3% related to tourism, and 0.6% ...

Dubai / WAM The UAE Water Aid Foundation, Suqia, launched its annual Ramadan campaign to provide drinking water in mosques and Iftar tents throughout the Holy Month of Ramadan. This campaign is running in partnership with Mai Dubai and cooperation with 14 local charities. For the second consecutive year, Suqia’s Ramadan campaign spans different countries around the world in collaboration ...

Abu Dhabi / WAM The Federal Youth Foundation launched the ‘Emirati Values Iftar’ initiative to celebrate Ramadan, whereby Emirati families host resident families from all backgrounds in their homes for Iftar meals throughout the Holy Month, introducing them to authentic Emirati customs and values. Organised under the patronage of HH Sheikha Fatima bint Mubarak, Chairwoman of the General Women’s Union, ...