News

Bloomberg Saudi Arabia’s crown prince insisted the plan to sell shares in oil giant Aramco will go ahead, promising an initial public offering (IPO) by 2021 and sticking to his ambitious view the state-run company is worth $2 trillion or more. “I believe late 2020, early 2021,” he said, discussing the timing of the IPO in an interview at the ...

DUBAI / WAM Emirates won the Aviation 100 ‘Middle East & Africa Airline of the Year’, awarded by Airline Economics magazine. The Aviation 100 awards recognise aviation’s most outstanding performers, as well as the most innovative and successful finance and leasing deals closed in last 12 months. The awards were held during the Airline Economics Growth Frontiers Dubai 2018 conference ...

ABU DHABI / WAM Abu Dhabi National Exhibitions Company (Adnec) will host more than 10 leading regional and international events across key sectors at its Abu Dhabi and Al Ain venues, during the month of October, which are expected to attract thousands of visitors, exhibitors and industry professionals and leaders. Commenting on the announcement, Humaid Matar Al Dhaheri, Group CEO ...

Dubai / Emirates Business With an estimated $2.4 trillion of projects planned across the GCC, the region still offers abundant opportunities as governments seek to develop infrastructure to meet the needs of rapidly expanding populations, and to deliver economic diversification. The region offers some of the best project opportunities in the world. The need for infrastructure and economic diversification is ...

Dubai / WAM His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of Dubai Executive Council has stated that increasing foreign direct investment (FDI) inflows reflect growing investor confidence in Dubai. FDI into Dubai recorded significant growth in the first half of 2018, reaching $4.84 bn (AED17.76 bn), a 26% up compared to ...

Abu Dhabi / WAM Under the patronage of His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, the second edition of the Mohammed bin Zayed Majlis for Future Generations will commence on October 8, under the theme, “Leaders of today meet the leaders of tomorrow.” The agenda ...

Ajman / WAM Al Ihsan Charity Association (ACA), has spent AED53.6 million in humanitarian, charitable, social, educational and health assistance in the first nine months of the year. Dr Sheikh Abdul Aziz Al Nuaimi, CEO of ACA, said financial assistance was offered to widows, divorcees, abandoned wives, wives of prisoners, surgeries, medicines, rental arrears and school fees. “Humanitarian financial assistance ...

Sharjah / WAM The Sharjah Entrepreneurship Foundation (RUWAD), has approved an allocation of AED1.2 million for supporting Emirati entrepreneurs in the emirate of Sharjah through its direct or indirect financing programmes. Approvals of projects by national entrepreneurs were given during the 13th regular meeting of RUWAD’s executive committee after they satisfied financing requirements and conditions. The financing programme, in cooperation ...

Sharjah / Emirates Business The International Government Communication Centre (IGCC) has curated a workshop titled ‘Strategic Government Engagement through Social Media’, on at Al Majaz Amphitheatre in Sharjah. The workshop was aimed at training participants to excel in the contemporary digital environment and at providing them with social media strategic planning skills, through using methods and techniques that are based ...

SHARJAH / WAM The Sharjah Chamber of Commerce and Industry (SCCI), is organising a trade mission to Lisbon in Portugal from October 8-10, with the aim of enhancing economic cooperation and mutual investment between Sharjah and Portugal, under the framework of the growing bilateral relations between the UAE and Portugal in various fields. The mission comes at a time when ...