News

Bloomberg Italian industrial production declined far more than expected in April, adding to signs of a slowdown in economic growth just as the new government tries to reassure investors on the country’s outlook. Output decreased 1.2 percent from March, when it rose 1.2 percent, national statistics institute Istat said in Rome. Economists had predicted it would fall 0.5 percent in ...

Bloomberg Some US companies anxious for exclusions from Donald Trump’s tariffs are turning to creative ways to get the president’s attention. One Texas steel pipe maker is promising that it will invest millions and hire new workers in return for a temporary break on tariffs. It’s also offering its employees cash prizes for writing the best postcards to Trump advocating ...

ABU DHABI / WAM The Khalifa bin Zayed Al Nahyan Foundation has sent a ship loaded with humanitarian and food aid to the Yemeni island of Socotra. The move follows the directives of President His Highness Sheikh Khalifa bin Zayed Al Nahyan, and the follow-up of HH Sheikh Mansour bin Zayed Al Nahyan, Deputy Prime Minister, Minister of Presidential Affairs ...

ABU DHABI / WAM Smart Government applications generated savings of AED8 billion in three years, according to a study conducted by the Telecommunications Regulatory Authority (TRA). The study addressed the impact of the UAE Smart Government on the Sustainable Development Goals (SDG) from 2015 through 2017, during which e-services contributed to cutting 377,000 tonnes of CO2 emissions, primarily thanks to ...

DUBAI / WAM Dubai continued to be the destination of choice for businessmen and investors as the Depa- rtment of Economic Department (DED) issued 1,689 new licenses and completed 26,184 transactions relating to business registration and licensing in the emirate during May 2018. Renewal of existing licenses accounted for the largest share of the total transactions as their numbers reached ...

NEW DELHI / WAM A landmark agreement signed in February between the UAE and India expanding their bilateral energy relationship has started bearing fruit. India’s state-owned oil exploration company, ONGC Videsh Ltd (OVL) annou-nced receipt of the first tranche of equity oil cargo from Abu Dhabi’s Lower Zakum oilfield. A shipload of Das blend crude oil has reached New Mangalore ...

DUBAI / WAM Master developer Nakheel has signed a contract worth AED66 million for a choreographed fountain at The Pointe, its new AED800 million waterfront dining and entertainment destination on Dubai’s world-famous Palm Jumeirah. The developer has appointed one of China’s largest fountain specialists, Beijing Water Design, to deliver and operate the fountain, which will cover a 12,000 square metre ...

ABU DHABI / WAM A total of 329 industrial establishments have had their occupational safety and health manag- ement systems (OSHMS) approved by the Industrial Development Bureau of the Department of Economic Development (DED) in Abu Dhabi until the end of the first quarter of 2018. The OSHMS of eight establishments were previously approved during Q1, which indicates the stability ...

Dubai / WAM Over 8,000 needy families in Dubai and other northern Emirates have benefitted from smart Ramadan Vouchers provided in honourable gesture by HH Sheikha Hind bint Maktoum bin Juma Al Maktoum, wife of HH Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of UAE and Ruler of Dubai. Valued at around AED4.2 million, the e-vouchers have ...

Abu Dhabi / Emirates Business Adnoc Distribution, the UAE’s leading fuels and convenience retailer, is expanding the number of Smart Tag installation centers in the UAE to meet increased demand from motorists. More than 141,000 Smart Tags have now been fitted to vehicles across the country, including 29,500 since Adnoc Distribution launched a free giveaway. Two new Smart Tag installation ...