News

ABU DHABI / WAM As per the directives of President His Highness Sheikh Khalifa bin Zayed Al Nahyan, the Emirati women’s representation in the Federal National Council (FNC) will be increased to 50 percent in the coming parliamentary term. The step reflects the country’s future approach aimed at achieving full empowerment of Emirati women and emphasises their pioneering and effective ...

ABU DHABI / WAM President HH Sheikh Khalifa bin Zayed Al Nahyan, sent a cable of congratulations to the Custodian of the Two Holy Mosques King Salman bin Abdulaziz Al Saud of Saudi Arabia, on the fourth anniversary of his accession to the throne. HH Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and ...

Bloomberg Oil in New York jumped after the Organization of Petroleum Exporting Countries (Opec) and allied crude exporters surprised traders with a larger-than-expected output reduction. Futures advanced more than 2 percent in New York and London. The Opec and aligned nations will collectively curb production by 1.2 million barrels a day, 20 percent more than previously discussed. “It’s been a ...

HELSINKI / WAM The Ministry of Economy (MOE) organised a joint UAE-Finland Business For-um on the sidelines of the country’s economic and trade delegation participation in Slush 2018 — world’s leading startup event — in Finnish capital of Helsinki. Noura Mohammed Juma, UAE Ambassador to Finland, and a number of officials from the Ministry of Economy, representatives of the federal ...

Bloomberg China’s trade surplus with the US hit a record in November, even as overall export growth slowed amid waning global demand and uncertainty about a constructive resolution to the trade war. The trade surplus with the US was almost $35.6 billion, driven by a 9.8 percent rise in exports compared with the same period last year and a 25 ...

Sharjah / Emirates Business The fourth edition of the region’s leading FDI event, held under the patronage of His Highness Sheikh Dr. Sultan bin Muhammad Al Qasimi, Member of the Supreme Council and Ruler of Sharjah, the Sharjah FDI Forum unveils on Monday. The two-day event titled ‘Shaping the Future of Economies’, on December 10-11 is bringing together 40 global ...

Emirates Business Emirates Steel, the only integrated steel plant in the UAE and a subsidiary of the General Holding Corporation (Senaat), is participating in the 22nd Middle East Iron and Steel Conference (MEIS), alongside being its Platinum Sponsor. The conference, held in the Grand Hyatt Hotel Dubai between December 10-12, will bring 800 iron and steel professionals from across the ...

Dubai / Emirates Business Dubai Land Department (DLD) has organised the 10th edition of its Dubai Property Show (DPS) in Mumbai with the participation of a number of leading developers. HE Majida Ali Rashid said: “DLD has chosen the most important cities in the world to focus on its promotional agenda, considering several factors, most important of which is the ...

Dubai / Emirates Business China XD, one of China’s leading specialty chemical companies and one of the top 500 non-stated owned enterprises has opened a new facility under its subsidiary – Al Composites Materials FZE in Jafza. The company is involved in the development, manufacture and sale of polymer composite materials for automotive applications worldwide. The opening marks a new ...

Dubai / Emirates Business Dubai International Financial Centre (DIFC), the leading financial hub in the Middle East, Africa, and South Asia region (Measa), has made great strides in the fintech space, cementing Dubai’s position as one of the world’s top 10 fintech hubs and a preferred growth platform for startups and SMEs. DIFC has hosted the 6th annual International Finance ...