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DUBAI / WAM The 20th Water, Energy, Technology and Environment Exhibition (Wetex 2018), will cover an area of 78,413 square metres with the participation of more than 2,100 exhibitors from 53 countries. The announcement was made by Saeed Mohammed Al Tayer, Managing Director and CEO of Dubai Electricity and Water Authority (Dewa), and Founder and Chairman of Wetex, during a ...

Dubai / Emirates Business In a study of the best Global Free Zones by fDi Magazine – a publication from the Financial Times – Dubai Multi Commodities Centre, UAE and Amata City Chonburi, Thailand has been awarded the top prizes in the Global Free Zones of the Year 2018. The DMMC saw almost 2000 new businesses established in 2017. The ...

Dubai / WAM His Highness Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, Deputy Ruler of Dubai, on Monday inaugurated the Dubai Investment Week 2018, hosted by Dubai FDI, the investment development agency of the Department of Economic Development (DED). Organised under the theme ‘Investing in Future Transformations,’ the event explores the prospects for strengthening local and international partnerships for ...

Abu Dhabi / WAM Under the patronage of His Highness Sheikh Mohammed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, the second edition of the Mohamed Bin Zayed Majlis for Future Generations opened on Monday at the Abu Dhabi National Education Centre (Adnec). The two-day event kicked off with an ...

Abu Dhabi / WAM The UAE Dirham has continued to appreciate in Q2 2018 against the currencies of the country’s top 10 non-dollarised trade partners, according to Central Bank of the UAE statistics. From the import side, the weighted Dirham’s appreciation against its top-10 non-dollarised import partners, which claim 52.3 percent of the UAE total imports, was 1.3 percent, with ...

Dubai / WAM Mohammed bin Rashid Housing Establishment (MRHE), has called on companies in the real state sector to participate in the second housing, building materials, decoration and engineering consultancy exhibition, Decobuild 2018, to take place from November 7-10 in Dubai. The Establishment is encouraging companies that specialise in building and construction materials, contracting companies, engineering consulting firms, interior design ...

Bloomberg Hyflux Ltd., the embattled Singapore water-treatment and power company, is in advanced talks with at least two potential investors about taking a strategic equity stake in the group as part of a restructuring plan. The discussions with these investors are taking place concurrently with efforts to sell its desalination plant known as Tuaspring, its legal adviser WongPartnership LLP said ...

Bloomberg The run-up to $100 oil is giving some investors pause.This year’s longest buildup of hedge-fund bets on higher Brent crude prices is faltering, with bulls retreating for the first time in six weeks. After fears of dramatic shortfalls from Iran sent the global benchmark on a tear and triggered speculation that it will reach three digits, the rally is ...

Bloomberg Chinese investment in Australia plunged 40 percent in 2017 from the year before, according to research released on Monday. After peaking in 2016 at A$14.9 billion ($10.5 billion), investment from Chinese companies last year slumped to A$8.9 billion, according to the Australian National University database. In 2017, Chinese deals in Australia’s mining sector accounted for just over half of ...

Bloomberg Malaysian contractors are plunging as the government intensified its efforts to rein in spending by reducing the cost of an almost $14-billion mass-rapid transit project. Shares of Gamuda Bhd. slid by a record and MMC Corp. fell to the lowest in nine years, after the Finance Ministry rejected an offer from the MMC-Gamuda consortium to build an underground portion ...