DUBAI / WAM HH Sheikh Hamdan bin Rashid Al Maktoum, Deputy Ruler of Dubai, Minister of Finance and President of Dubai Electricity and Water Authority (Dewa), inaugurated the extension project of M-Station in Jebel Ali, the largest power and water desalination plant in the UAE. With the construction of the extension, the total cost of M-Station reached AED11.669 billion while ...
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Abu Dhabi / WAM The Abu Dhabi Government has repaid its sovereign bonds on 8th April 2019, according to an announcement by the Department of Finance – Abu Dhabi. The bonds were issued by Abu Dhabi Government in 2009 in two tranches of $1.5 billion each, with a total value of $3 billion. The first tranche with a value of ...
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Dubai / Emirates Business Emirates continued its winning streak when it took top honours by sweeping five awards last night at the Business Traveller Middle East Awards 2019. The airline took home the highly regarded industry accolades for Airline with the Best First Class, Airline with the Best Economy Class, Airline with the Best Frequent Flyer Program and Best Airport ...
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Abu Dhabi / WAM The Small to Medium Enterprise Exhibition (SME Expo), kicked-off on Monday in the nation’s capital, Abu Dhabi. The event was inaugurated by Sultan bin Saeed Al Mansouri, Minister of Economy and Chairman of the UAE Small and Medium Enterprises Council. The two-day event is organised in strategic partnership with various funding programmes – such as the ...
Read More »Dubai / WAM Dubai World Central (DWC), is set to handle 240 million passengers, the CEO of Dubai Airports Corporation Paul Griffiths revealed on Tuesday at the 19th edition of the Dubai Airport Show. In a keynote address, Griffiths said that future passengers will be provided with a “personalised experience” at DWC, adding that the hub model is “right and ...
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Beijing / WAM Mansour Ibrahim Al Mansouri, Director-General of the National Media Council (NMC), officially opened the UAE Pavilion at the Expo 2019 Beijing, taking place in the Chinese capital from April 29 to October 7. Managed and supervised by the NMC, the Pavilion bears the theme ‘Greening the Desert’. This participation, which is the UAE’s first at the Expo’s ...
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ABU DHABI / WAM The Federal Authority for Nuclear Regulation (FANR), the nuclear regulator in the UAE, has developed the nation’s first automated import and export control system for nuclear related items. Fully integrated with the Abu Dhabi General Administration of Customs, FANR’s NuTech Portal system has reduced approval time for the clearing of shipments from Abu Dhabi Customs by ...
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Bloomberg The number of new licenses approved for foreign businesses in Saudi Arabia rose by 70 percent in the first quarter from a year earlier, according to the Saudi Arabia General Investment Authority. Applications from British and Chinese companies drove the increase, rising by 86 percent and 71 percent, respectively, Ibrahim Al Omar, governor of Sagia, as the kingdom’s investment-promotion ...
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DUBAI / WAM Nasdaq Dubai on Sunday welcomed the listing of a $1.5 billion sukuk by Islamic Development Bank (IDB). The listing underlines Dubai’s role as the largest centre globally for sukuk listings by nominal value currently totalling $60.89 billion. IDB now has 10 sukuk listed on the Middle East’s international financial exchange with a total value of $12.54 billion. ...
Read More »ABU DHABI / WAM Total assets of the 10 UAE banks which disclosed their Q1-2019 financial stateme-nts soared to AED1.3 trillion, 3.1 percent up from AED1.26 trillion during corresponding period last year. According to financial analysts and international consultancy firms, the financial statements released recently by the UAE banks have beaten expectations, with the national banks outperforming other sectors in ...
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