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Dubai / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, said that being proactive in creating a better tomorrow is a priority for the UAE government. This approach guides the development of strategies and services for positively impacting people’s lives. “Advanced technologies and sciences are shaping the future. ...

Dubai / WAM The Dubai Land Department (DLD), opened a real estate promotion office in New York, in partnership with Aqari Global Ltd ‘Century 21,’ and in the presence of Majid Al Suwaidi, Consul-General of the UAE in New York. Sultan Butti bin Mejren, Director-General of DLD, and Majida Ali Rashid, CEO of the Real Estate Promotion and Investment Management Sector ...

Abu Dhabi / WAM The Emirates Red Crescent (ERC), has intensified its urgent relief aid efforts to the residents of the Red Sea Coast of Yemen since the start of October. The ERC previously declared a comprehensive plan to rebuild the Red Sea Coast, at a cost of AED107.1 million, which includes the restoration of a 143-kilometre international coastal road, ...

Dubai / WAM The Business Registration and Licensing (BRL) sector in the Dubai Department of Economic Development (DED) issued 1,898 new licenses during October 2018, an increase of 25.8% compared to September (1,509 licenses), as Dubai remained a destination of choice for investment in diverse business sectors. Among the new licenses issued, 62.1% were commercial, 35.5% professional, 1.4% related to ...

Bloomberg Buy high, sell low and guarantee a loss. It’s not exactly what Toshiba Corp planned when it dipped its toes in liquefied natural gas trading. Yet that’s exactly how it turned out, as the Japanese industrial giant capped off its five-year misadventure in LNG by paying ENN Ecological Holdings Co $806 million to take its interest in a US ...

Bloomberg The oil fields of West Texas don’t sit still for long. Take Carrizo Oil & Gas Inc.’s operations, for instance. Just three months after moving drill rigs out of the Permian Basin because of pipeline shortages, the Houston-based explorer is already talking about bringing them back in the middle of next year. That’s one of several signs the end ...

Bloomberg Almost two years after Exxon Mobil Corp removed billions of barrels of oil-sands crude from its reserves, its Imperial Oil Ltd unit is investing again, saying low Canadian crude prices that scared off the other majors make it a perfect time to build. Imperial Chief Executive Officer Rich Kruger puts the rationale for the C$2.6 billion ($2 billion) Aspen ...

Bloomberg Samsung Electronics Co. will roll out its foldable phone in the first half of next year and produce at least 1 million of them, Yonhap News reported, citing the company’s smartphone chief DJ Koh. The Suwon, South Korea-based company gave a glimpse of its foldable-screen phone at a developer conference in San Francisco without providing details on its price, ...

Bloomberg Chinese companies signed a combined $57.83 billion worth of intended one-year deals at the country’s first import fair this week, China Central Television reported, as the government seeks to boost demand for foreign goods amid trade tension with the US. Agreements to buy goods and services were signed by firms among the more than 3,600 exhibitors at the China ...

Bloomberg Singapore lashed out at Facebook Inc., calling the social media giant unreliable after it declined a request to remove a post that linked Prime Minister Lee Hsien Loong and the city state with 1MDB allegations. Facebook’s decision to not remove malicious information on Singapore shows the need for legislation, the Ministry of Law said in a statement. The government ...