News

ABU DHABI / WAM The Abu Dhabi National Oil Company (Adnoc) announced that it has entered into a landmark multi-billion-dollar midstream pipeline infrastructure partnership with KKR and BlackRock, two of the world’s leading institutional investors. To mark the occasion, a signing ceremony was held at Adnoc Headquarters with Dr Sultan bin Ahmad Sultan Al Jaber, Minister of State and Adnoc ...

DUBAI / Emirates Business The sovereign long-term commercial borrowing in the Middle East and North African (Mena) could increase by 25% this year after falling 38% in 2018, according to S&P Global Ratings. This is chiefly because higher oil prices and fiscal consolidation measures in Gulf Cooperation Council (GCC) countries significantly reduced GCC sovereigns’ funding needs in 2018. However, lower ...

Dubai / WAM As part of its efforts to strengthen its leading position amongst most innovative and smart exchanges in the region and beyond, Dubai Financial Market (DFM) organises series of brainstorming sessions during the ‘UAE Innovation Month 2019’. The sessions aim to promote a culture of innovation amongst DFM employees and various market participants including listed companies and brokerage ...

Abu Dhabi / WAM His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, received at the Beach Palace on Sunday, heads of two global investment firms, Larry Fink, Chairman and Chief Executive Officer of BlackRock, and Henry Kravis, Co-Chairman and Co-Chief Executive Officer of KKR. His Highness ...

SHARM EL SHEIKH / WAM In a step towards supporting the UAE’s digital transformation, Emirates Integrated Telecommunications Company (EITC), on Sunday announced advanced level of preparation to roll-out 5G services in the UAE in 2019. Prominent landmarks across the UAE in all seven Emirates are currently being installed with high-technology 5G equipment and will be the first areas to have commercial ...

Abu Dhabi / WAM Given how uncertain and volatile the global economic and political landscape currently is, with market uncertainty pervasive and investor confidence deteriorating, global private equity firms are on the lookout for stable, new markets where they can be certain not just of promising returns on investment but also an investor-friendly regime. As a result, the UAE, with ...

Dubai / WAM Dubai welcomed 15.92 million international overnight visitors in 2018, marking a new high, according to Dubai Tourism. The emirate’s tourism department reported that Dubai’s top source markets provided consistently large numbers of tourists, resulting in double-digit growth to ensure targets are met, based upon Dubai’s Tourism Vision 2022-2025, in addition to driving even greater economic impact on ...

Dubai / Emirates Business Companies in Dubai are increasing their efforts to foster innovation, reflected by the 4.7% improvement in the innovation score of Dubai’s private sector over the 2017-2018 period, new analysis conducted by Dubai Chamber of Commerce and Industry revealed. Released on the occasion of UAE Innovation Month, the analysis showed Dubai private sector’s innovation score rising to ...

Abu Dhabi / Emirates Business Yahsat, the UAE-based global satellite operator, is announced as the official sponsor of the 2019 Think Science Fair, held across the seven emirates from February 17 to March 21. The event aims to encourage Emirati youth to pursue an education and career in the fields of science, technology and innovation (STI) in response to the ...

ABU DHABI / WAM Etihad Aviation Group (EAG) announced that it is taking part in Think Science Fair 2019, which is being held at Khalifa University in Abu Dhabi, as part of its efforts to encourage the youth across the UAE to engage with science and technology and pursue a career in the world of aviation and aircraft engineering. The Abu ...