News

Bloomberg 21st Century Fox Inc. is preparing a higher offer for Sky Plc to counter Comcast Corp., according to people familiar with the matter said, marking the latest twist in a global M&A contest between some of the world’s largest media companies. The move is likely to come around the time of the formal approval by Britain for Fox’s bid, ...

Bloomberg Renewables can generate half of Britain’s power by 2030 without adding to consumer bills, potentially crowding out nuclear as a significant low carbon source of electricity. That’s the conclusion of the National Infrastructure Committee, an independent body that advises government on how to meet the country’s long-term needs for large construction projects. It recommended the government should make 50 ...

DUBAI / WAM Dubai SME, the agency of the Department of Economic Development (DED) in Dubai, mandated to develop the Small and Medium Enterprise (SME) sector, in conjunction with the Dubai Statistics Centre, released a new study on the local SME sector as part of Dubai SME Development Plan (SMDP), which is part of the Dubai Plan 2021. The study ...

SHARJAH / WAM Sultan Abdullah Al Suwaidi, Chairman of the Sharjah Economic Development Department (SEDD) received Dr Khalid Omar Al Midfa, Chairman of Sharjah Media City, Shams, and Shehab Ahmed Al Hammadi, Shams Director-General. The meeting discussed means of cooperation and mutual work for the benefit of investors. SEDD chairman said the meeting is important for enhancing cooperation and speeding ...

ABU DHABI / WAM The value of foreign trade between the UAE and Vietnam, including free zones trade, totalled nearly $9 billion in 2017, with exports accounting for around $324 million, re-exports around $282 million, and imports for around $8.4 billion. An analytical study, titled, “The Reality of the Foreign Trade between the UAE and the Socialist Republic of Vietnam,” ...

DUBAI / WAM Dubai Aerospace Enterprise (DAE) announced that its Board of Directors and sha- reholders had approved a bond repurchase program-me of up to $300 million. Repurchases will be conducted through transactions in the open market, the company said, and announced that pursuant to this approval it had repurchased $43 million of its bonds maturing in 2024. DAE Managing ...

DUBAI / WAM Emirates SkyCargo, the freight division of Emirates Airlines, received the 2018 Carrier Award for Reliability and Excellence (CARE) by DHL Global Forwarding for transportation of temperature sensitive pharmaceuticals. The award was received by Henrik Ambak, Emirates Senior Vice President, Cargo Operations Worldwide at 18th Global Life Sciences and Healthcare Conference organised by DHL at Baveno, Italy. The ...

DUBAI / WAM Dubai Electricity and Water Authority (Dewa) is organising the 20th Water, Energy, Technology, and Environment Exhibition (Wetex) under the directives of His Highness Sheikh Mohammed bin Rashid Al Maktoum, the Vice President, Prime Minister and Ruler of Dubai, and the patronage of HH Sheikh Hamdan bin Rashid Al Maktoum, Deputy Ruler of Dubai and UAE Minister of ...

Ajman / WAM The Department of Economic Development in Ajman (DED-Ajman), recorded an outstanding five percent growth in the number of new and renewed licences during the first quarter of 2018. The high number of commercial licences issued reflects the confidence of the local, regional and global investment community in Ajman’s competitive economic and investment capabilities and is the result ...

Abu Dhabi / WAM Al Hilal Bank has been awarded ‘Most Innovative CSR Campaign UAE 2018’ from Global Banking and Finance Review, a leading financial publication in the Middle East, for its Child Road Safety Campaign, which was developed in line with the bank’s long-term Corporate Social Responsibility (CSR), plan. The bank launched its campaign a year ago from its ...