News

Dubai / Emirates Business Dubai Land Department (DLD), through its Real Estate Investment Management and Promotion Sector and in partnership with the International Property Show (IPS), is launching the Dubai Property Festival (DPF) from March 26 – 29 at the Dubai World Trade Centre (DWTC) to attract more property investment to Dubai and the UAE. The event is expected to ...

Abu Dhabi / WAM The Emirates Authority for Standardisation and Metrology (Esma), completed the “Technical regulation” of the Hydrogen Cell Vehicle, which is environmentally-friendly and only emits “water vapour”, making the UAE the first country in the Middle East and North Africa (Mena) to establish a future legislation, in line with the country’s post-oil plans. Esma is spearheading the national ...

Abu Dhabi / WAM The United Arab Emirates announced the contribution of $ 2 million to the United Nations Food and Agriculture Organisation’s (FAO), regional programme to combat Red Palm Weevil (RPW). Sheikh Nahyan bin Mubarak Al Nahyan, Minister of Tolerance, and President of the Board of Trustees of the Khalifa International Award for Date Palm and Agricultural Innovation, made the ...

Abu Dhabi / WAM The Ministry of Economy will visit Uzbekistan and Kyrgyzstan to hold joint economic committees with both the countries. The delegation, headed by Sultan bin Saeed Al Mansouri, Minister of Economy, will include a number of senior officials from the ministries and other federal entities and local government bodies, as well as a number of representatives of ...

Dubai / WAM Dubai Crown Prince and Chairman of the Executive Council His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum said that the Government of Dubai is taking the necessary steps to implement the 50-Year Charter to ensure a sustained development march that will turn Dubai into the best city in the world. His Highness Sheikh Hamdan bin ...

Dubai / WAM The Awqaf and Minors Affairs Foundation (AMAF), donated AED1 million to Al Jalila Children’s Specialty Hospital to support the hospital’s advanced scientific research in paediatrics, help families of patients, and provide an integrated social safety network. Commenting on the announcement, Khaled Al Thani, AMAF Deputy Secretary-General, presented the donation cheque to Dr Abdulla Ibrahim Al Khayat, CEO of ...

Bloomberg Crescent Point Energy Corp., the Canadian oil driller that fended off an activist investor last year, wrote down the value of its assets by C$2.73 billion ($2 billion) and is putting more holdings on the block as its new chief executive officer targets core operations. The after-tax writedown reflects the fair value of its assets, many of which were ...

Bloomberg The enforcement mechanism for a prospective deal to end the trade war between China and the US must be “two way, fair and equal,” according to Vice Commerce Minister Wang Shouwen. Speaking on Saturday at a press conference in Beijing, Wang said he “feels hopeful” about the prospects for the negotiations, which are nearing completion amid pressure from US ...

Bloomberg China’s coal imports in February tumbled 42 percent from the prior month as the world’s top buyer stalled custom clearances of shipments from Australia, sparking speculation it was retaliating politically against one of its biggest suppliers. Shipments dropped to about 630,036 tons a day from 1.08 million in January, which was the highest since 2014, according to Bloomberg calculations ...

Bloomberg A bankruptcy court approved ArcelorMittal’s offer to buy Essar Steel India Ltd., taking the world’s largest steelmaker closer to opening shop in the South Asian nation after months of court battles. The National Company Law Tribunal approved the resolution plan submitted by ArcelorMittal and partner Nippon Steel & Sumitomo Metal Corp., according to ArcelorMittal ’s lawyer Ruby Ahuja. The ...