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Abu Dhabi wins award at Beijing book fair 2018

ABU DHABI / WAM The Department of Culture and Tourism — Abu Dhabi (DCT Abu Dhabi) won ‘Best Pavilion Award’ at 2018 Beijing International Book Fair (BIBF), one of the largest international book fairs in the world. DCT Abu Dhabi participation in the ev-ent is part of the roadshow launched to promote Abu Dhabi International Book Fair (ADIBF). Organised annually ...

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US, Mexico reach new deal to revamp Nafta

Bloomberg Donald Trump has signed off on a bilateral agreement with Mexico to revamp the North American Free Trade Agreement, according to three people familiar with the matter. “A big deal looking good with Mexico!” Trump tweeted earlier on Monday. There is no deal reached yet with Canada, the people said, which has been on the sidelines of the talks ...

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UAE gets IAU membership

SHARJAH / WAM HH Dr Sheikh Sultan bin Mohammed Al Qasimi, Supreme Council Member and Ruler of Sharjah, on Monday, announced that the UAE has been an active member of the second category of the International Astronomical Union (IAU) represented by the Sharjah Centre for Space and Astronomy at the University of Sharjah. The membership was presented at General Assembly ...

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Saudi grants 40-year concession to state oil company Aramco

Bloomberg Saudi Arabia has granted its state-owned oil company a 40-year concession to exploit the kingdom’s hydrocarbon reserves as part of Aramco’s preparation for a potential initial public offering, a person familiar with the matter said. The pact replaces norms dating in some cases from 1933, when the kingdom first agreed to let companies drill for oil there, the person ...

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Oil holds above $68 as US rigs drop most since 2016

Bloomberg Oil held above $68 a barrel on slowing American drilling and investor optimism after a breakthrough in a trade standoff between the US and Mexico. Futures in New York were little changed, following a 1.3 percent gain. Working oil rigs in the US declined by the most since May 2016 last week, according to Baker Hughes data. Crude has ...

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Bayt.com launches AI tool for job search

Dubai / Emirates Business Bayt.com launched a series of technological features and enhancements set to revolutionize job hunting and the recruitment process for the Middle East and North Africa (Mena) region. The new Artificial Intelligence powered features are designed to match talent with opportunity in a much more powerful and efficient manner. The first of these new features is the ...

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Dubai Creek Harbour to hand over first homes in first quarter of 2019

Dubai / Emirates Business Dubai Creek Harbour, the six square kilometre mega-development nearly twice the size of Downtown Dubai, will welcome its first residents early next year. A vibrant new community will take shape in a trend-setting Riviera-style neighbourhood as the first residences in Creek Island Dubai, the premier district in Dubai Creek Harbour, are being readied for hand-over. The ...

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Union Coop, DSOA ink deal to set up AED94mn commercial centre

DUBAI / WAM Retail pioneer Union Coop signed an investment contract with Dubai Silicon Oasis Authority (DSOA), the regulatory body for Dubai Silicon Oasis (DSO) to establish a commercial centre worth an estimated AED94.442 million. The investment contract was signed by Dr Juma Al Matrooshi, Deputy CEO for Operations and Client Affairs at the DSOA, and Khalid Humaid bin Diban ...

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Al Ansari Exchange honoured for Dubai Cares pledge

DUBAI / WAM Tariq Al Gurg, Chief Executive Officer of Dubai Cares, has visited Al Ansari Exchange to honor Mohamed Ali Al Ansari, Chairman and Managing Director, Al Ansari Exchange, and Rashed Ali Al Ansari, General Manager, Al Ansari Exchange for fulfilling the company’s invaluable commitment of AED10 million that was pledged to Dubai Cares in 2012 over a period ...

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Dubai Exports brings elite buyers, local exporters face-to-face

DUBAI / WAM Dubai Exports, the export promotion agency of the Department of Economic Development (DED) in Dubai, brought together buyers from six key international markets along with local manufacturers as well as exporters in an ‘Elite Buyers Programme’ in Dubai. The largest trade-related B2B meetings series held to date in Dubai, the Programme was part of the Dubai Exports ...

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