News

ABU DHABI / WAM The Department of Health — Abu Dhabi (DoH), the regulator of the healthcare sector in the emirate of Abu Dhabi, has announced new standard requirements for emergency departments in general hospitals across public and private healthcare providers. According to the new standard, emergency divisions will be restructured into two distinct departments: emergency departments and urgent care ...

DUBAI / WAM The Ministry of Community Development (MOCD) partnered with Dubai Holding and Dubai Municipality to implement the first phase of the ‘Masaai Al Khair’ initiative that seeks to provide home maintenance and renovation support for social security beneficiaries and low-income families in Dubai. As part of the AED10 million initiative, phase one covers residences in Dubai’s Jumeirah, Hatta ...

DUBAI / WAM Dubai Electricity and Water Authority (Dewa) has signed a Memorandum of Understanding (MoU) with the Mohammed bin Rashid Housing Establishment (MRHE) to improve their strategic partnership, exchange knowledge and skills, work closely together, and effectively coordinate with each other. The MoU supports the both institutions organisational objectives and will help implement comprehensive housing projects; including residential and ...

Abu Dhabi / Emirates Business Abu Dhabi National Exhibitions Company (Adnec) will host the International Council of Nurses’ first Regional Conference at its Abu Dhabi National Exhibition Centre from September 25th to 27th 2018. This important Conference will be co-hosted with the Emirates Nursing Association (ENA) and in collaboration with the SEHA International Nursing, Midwifery and Allied Health conference. This ...

DUBAI / Emirates Business Azizi Developments, one of the leading private developers in the UAE, is set to complete Shaista Azizi, one of their five projects in Al Furjan due for completion, at the end of the year. The project is advancing at a fast pace with elevation works, mechanical and electrical installations progressing to the eighth floor and upwards. ...

Bloomberg Kuwait Foreign Petroleum Exploration Co. (Kufpec) is borrowing $1.1 billion to spend on oil and natural gas projects as the company plans to expand its shale operations, Chief Executive Officer Sheikh Nawaf Saud Al-Sabah said. Sumitomo Mitsui Banking Corp. and Societe Generale SA were the joint lead arrangers of the five-year loan for Kufpec, a unit of state-run Kuwait ...

Bloomberg Saudi Arabia’s King Salman held his first-ever cabinet meeting in Neom, a planned $500 billion futuristic city that will host more robots than people in a desolate peninsula in the kingdom’s northwest. The sci-fi city on the Red Sea coast is designed to represent Saudi Arabia’s efforts to transform itself away from oil. The 82-year-old monarch’s visit there for ...

Bloomberg Tesla Inc. plans to invest $5 billion building a factory in China as the trade war with the US makes establishing production in the world’s fastest-growing auto market more imperative for the electric-car pioneer, a person familiar with the matter said. The company is considering raising funds in China to finance at least a portion of the investment for ...

Bloomberg China Tower Corp., the state-owned wireless infrastructure owner, raised $6.9 billion after pricing its Hong Kong initial public offering at the low end of a marketed range, people with knowledge of the matter said. The Beijing-based company sold 43.1 billion shares at HK$1.26 apiece in the IPO, the people said, asking not to be identified because the information is ...

Bloomberg Chancellor Angela Merkel’s government for the first time vetoed a possible Chinese takeover of a German company, signalling a toughening stance toward investments from the country. Merkel’s Cabinet voted to block the potential purchase of German machine tool manufacturer Leifeld Metal Spinning AG Chinese company Yantai Taihai Group, according to person familiar with the matter who declined to be ...