News

ABU DHABI / WAM The number of Emirati female investors reached 220,000 by the end of the first half of 2018 and the number of shares they hold is about 3.5 billion with a market value of about AED20 billion. Whereas their total trading value (buy + sell) during the year 2017 was around AED5 billion and about AED1.8 billion ...

Dubai / WAM The Federal Government has launched, upon the recommendation of the National Programme for Happiness and Wellbeing and in coordination with the Federal Authority for Government Human Resources (FAHR), the “Back to School” policy, which aims to assist parents working for the government during the start of the new school year, by enabling them to accompany their children ...

DUBAI / WAM Dubai Customs has increased its efforts to cope with the increasing number of tourists and visitors into the country during Eid al-Adha period. Special arrangements in organising work shifts were made to facilitate trade and passenger traffic. Customer service centres worked 24/7 to ensure best and easiest passenger entry into the country. A total of 1,400 employees ...

DUBAI / Emirates Business International Expo Consults (IEC), organisers of ‘DEAL 2019’ show stated that 61% of the floor space for the upcoming Dubai Entertainment, Amusement, and Leisure (DEAL) 2018 show has already been sold out. DEAL 2019 in its 25th edition would be held from March 25 to 27, 2019 at the Dubai World Trade Centre (DWTC). With 7 ...

Dubai / WAM Building on the success of the inaugural class of Techstars Dubai in partnership with GINCO, Techstars, GINCO Investments, and Dubai Fut- ure Foundation’s Area 2071 initiative have invited entrepreneurs from around the world to apply to the second class of the accelerator until October 14. The second Dubai programme will continue to focus on businesses, which can ...

DUBAI / WAM Dubai Real Estate Institute (DREI), the educational arm of Dubai Land Department (DLD), announced the launch of the ‘Harvard Happy Cities’ programme, which will be held on November 11 and 12 at the Institute’s headquarters in DLD. Mahmoud El Burai, CEO of DREI, said, “We are pleased to work with the American-based Harvard School of Executive Education ...

Bloomberg Total SA’s withdrawal from Iran’s giant South Pars gas field has given China another chance to secure a stake in the world’s most coveted energy assets: abundant and low-cost Middle Eastern oil and gas. Chinese companies have invested in Iraq, the United Arab Emirates and Iran in recent years, and have expressed interest in oil and gas projects in ...

Bloomberg SpiceJet Ltd. completed its maiden flight using a blend of aviation fuel and oil from jatropha seeds, furthering Prime Minister Narendra Modi’s push for greater use of alternative resources to cut India’s dependence on oil imports. A Bombardier Q400 aircraft made the one-way trip to New Delhi from the city of Dehradun, about 200 kilometres from the capital. The ...

Bloomberg Italy’s gas pipeline operator Snam SpA signed a memorandum of understanding with China’s State Grid International Development as part of Finance Minister Giovanni Tria’s trip to the Asian country. Snam and State Grid International, a unit of the biggest Chinese power distributor, agreed to examine a range of opportunities in China and elsewhere, with a focus on the use ...

Bloomberg India’s largest natural gas pipeline operator has invited users to book surplus network capacity online as the country prepares to create a distribution hub that sets benchmark prices. State-run GAIL India Ltd., which controls 70 percent of the nation’s network, launched a website for online bookings of pipeline capacity to ship gas across the country. GAIL, with 11,400 kilometres ...