News

ABU DHABI / WAM The UAE will assist Kosovo in development of its capacities, in addition to attaining social and economic development through the progress of mutually-beneficial activities and frameworks, after the two sides signed a Memorandum of Understanding (MoU). The MoU was signed in Abu Dhabi by Obaid bin Humaid Al Tayer, Minister of State for Financial Affairs, and ...

HADRAMAUT / WAM The Emirates Red Crescent (ERC) on Monday distributed relief assistance to people in a number of areas in Tarim, in Yemen’s Hadramaut Governorate, as part of the ‘Year of Zayed’, and as part of its continued efforts to support the country’s humanitarian and developmental needs across all fields. Teams from the ERC distributed food baskets to hundreds ...

Dubai / WAM The Dubai Land Department (DLD), organised the Global Consultations on Public-Private Partnerships (PPPs), in Land Administration in collaboration with the World Bank. During the two-day consultation, nearly 50 global consultants, specialists, and experts in the field of real estate participated to exchange knowledge between different global experiences in PPPs in the real estate sector. Sultan Butti bin ...

ABU DHABI / WAM In a pioneering move for the insurance industry, Abu Dhabi National Insurance Company (Adnic), one of the leading regional multi-line insurance providers for corporates and individuals, has announced it will utilise Al Etihad Credit Bureau (AECB) products. As per UAE Federal Law No. (6) of 2010 concerning Credit Information, AECB regularly collects credit information from financial ...

Beirut / Emirates Business Emirates is offering travellers in Lebanon special Business class companion fares to 15 destinations across its network. The offers are valid for bookings until 31 October 2018, for travel until December 20. The special fares are available for two to eight people booking and flying together in Business Class. Fares from Lebanon start from $3626 per ...

Dubai / Emirates Business Dubai has been adjudged the ‘Destination of the Year’ at the Seatrade Cruise Awards 2018, in recognition of the work done by the Cruise Tourism department of Dubai’s Department of Tourism and Commerce Marketing (Dubai Tourism) in pioneering cruise tourism in the region and positioning the city as a hub for winter sun cruising. Considered to ...

Bloomberg If oil prices head above $100 a barrel, it could shave 0.2 percentage points from global economic growth next year — but this hinges crucially on the dollar, according to Bank of America Merrill Lynch (BofAML). Sanctions on Iran, shale bottlenecks, Venezuelan turmoil and increased demand pose an upside risk to prices, the bank said. Higher prices would slow ...

Bloomberg General Electric Co. secured a $700 million contract to supply turbine and generator units for Egypt’s first nuclear power project, the company said. GE will supply four turbine units for the country’s planned 4,800 megawatt El Dabaa nuclear facility, it said on Tuesday in a statement. The company will deliver one turbine each year from 2023 until 2026, and ...

Bloomberg Tokyo will lose the crown of being the world’s most populous city to Jakarta by 2030, according to Euromonitor International. The population in Jakarta, the capital city of Indonesia, will reach 35.6 million as it is forecast to add 4.1 million people between 2017 and 2030, Euromonitor said in a report. In contrast, Tokyo’s population will shrink by about ...

Bloomberg The US shouldn’t believe that ever higher tariffs can induce China’s government to capitulate to American demands in the escalating trade dispute between the world’s biggest economies, according to Chinese Commerce Minister Zhong Shan. “There is a view in the US that so long as the US keeps increasing tariffs, China will back down,” Zhong said in a written ...