News

Abu Dhabi / WAM His Holiness Pope Francis, head of the Catholic Church, arrived in Abu Dhabi on Sunday evening to begin his historic visit to the United Arab Emirates. He was received at the airport by His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, and His ...

ABU DHABI / WAM President His Highness Sheikh Khalifa bin Zayed Al Nahyan said that the UAE National Environment Day, which is being celebrated for 22 years on a row, is an important occasion “in which we renew our national commitment to protect our natural resources so as to preserve the natural environment and ensure the rights of future generations.” ...

Dubai / wam His Highness Sheikh Ahmed bin Saeed Al Maktoum, Chairman of the Dubai Supreme Council of Energy and Chairman of the Expo 2020 Dubai Higher Committee, has broken ground for the first solar-driven hydrogen electrolysis facility in the Middle East and North Africa (Mena). The project will be carried out in collaboration between Dewa, Expo 2020 Dubai and ...

Abu Dhabi / WAM The United Arab Emirates views “All human beings as members of one global society,” the Minister of Tolerance, Sheikh Nahyan bin Mubarak Al Nahyan, said on Sunday. Addressing the opening session of the Global Conference of Fraternity, being held in Abu Dhabi, Sheikh Nahyan noted that the conference will be joined by Pope Francis and by ...

Dubai / WAM As the UAE economy grows, global trade enabler DP World is playing a key role in its development, according to a new study by the Boston Consultancy Group, BCG, “Economic Impact Assessment of Jebel Ali Port and Jebel Ali Free Zone on the Economies of Dubai and the UAE.” The results of the study were presented during ...

Dubai / Emirates Business More than 19,610 medical laboratory industry professionals and 678 exhibiting companies from 51 countries will be welcomed in Dubai on Monday for the opening of Medlab, the Mena region’s largest medical laboratory exhibition and congress. With the World Bank projecting that the UAE’s population will reach 12.8 million by 2050 (up from 9.4 million in 2017), ...

Dubai / WAM A major contract to complete some 29,000 square metres of public space at Expo 2020 Dubai – worth AED 169 million – was awarded to a UAE-based contractor. The move reinforces World Expo’s commitment to support Emirati companies and create a long-term positive impact on the country’s economy. Arabtec Construction secured the contract, which includes building a ...

Bloomberg Soaring production in North America’s most prolific oil field helped propel Exxon Mobil Corp. and Chevron Corp. to bigger-than-expected fourth-quarter profits. Chevron surprised analysts and investors with a $25-billion stock buyback pledge and shares for both explorers were among the day’s best-performing energy stocks. Exxon surpassed analysts’ forecasts by almost one-third with the biggest refining bonanza in six years ...

Bloomberg First, Indian tycoon Vijay Mallya faced losing his “palatial” London home, with UBS Group AG saying it wanted to foreclose. Then, a judge said he should be extradited to India. Now, banks are eyeing two superyachts and a collection of valuable cars that they believe he may own. A group of Indian banks — which are trying to collect ...

Bloomberg Central Group, which controls Thailand’s biggest shopping mall and department store operator, plans to invest $200 million in ride-hailing giant Grab, people familiar with the matter said. The deal seals a strategic partnership under which the conglomerate will help Grab expand its business in Thailand, said the people, who asked not to be named because the information is private. ...