News

DUBAI / WAM The annual World Green Economy Summit (WGES 2018), will be organised in Dubai to tackle global issues and important strategies, including the digital age and its impact on building a ‘green’ and sustainable future growth across industries. This was announced on Monday by the organising committee of the fifth WGES 2018. WGES is set to take place ...

ABU DHABI / WAM The Khalifa bin Zayed Al Nahyan Foundation has launched a Ramadan project that aims to provide 10,000 food parcels, to the residents of Socotra through a maritime and aerial bridge, which will benefit over 50,000 people. The project is a realisation of the directives of President His Highness Sheikh Khalifa bin Zayed Al Nahyan and is ...

ABU DHABI / Emirates Business Digitalisation is the number-one trend driving CEO decision-making in the global oil and gas sector. According to recent research by international consulting firm, McKinsey, a range of interconnected emerging technologies have the power to unlock a potential $50 billion in savings and increased profit. Encompassing fields such as artificial intelligence (AI), blockchain, robotics, sensor technology, ...

Abu Dhabi / Emirates Business Dubai Technology Partners LLC (DTP), the region’s leading systems integrator for the aviation industry, announced that it has joined forces with Xovis, the leading provider of people flow monitoring solutions, to help improve operations at Abu Dhabi International Airport (AUH). Serving 24 million passengers per year, AUH is one of the fastest growing hubs in ...

DUBAI / WAM Julphar, one of the largest pharmaceutical manufacturers in the Middle East and Africa, has won the Frost & Sullivan 2018 Award for the Best Emerging GCC Pharma Company. The awards programme, now in its fourth year, is based on Frost & Sullivan’s research on best practices in growth, innovation and leadership and honours best-in-class innovators and disruptors ...

SHARJAH / WAM Prof. Qutayba Hamid, Vice Chancellor for Medical Colleges and Health Sciences and Dean of College of Medicine at the University of Sharjah (UoS), inaugurated the annual exhibition of the graduating students’ projects from the College of Health Sciences for the 2017-2018 academic year. Attending the exhibition were Dr. Amina Mohammed Almarzouqi, Acting Dean of the College, department ...

Dubai / Emirates Business The Dubai Chamber of Commerce and Industry announced that it recorded a 61% year-on-year increase in the number of companies from the UAE and GCC applying for the 10th cycle of the Mohammed bin Rashid Al Maktoum (MRM) Business Award. The number of companies in the region applying for the 2nd cycle of the MRM Business ...

Bloomberg As corporate defaults pile up in China’s onshore bond market, a unit of a once-promising energy conglomerate with $4.8 billion of debt and a checkered past said it won’t be able to meet its payment obligation on Monday. CEFC Shanghai International Group Ltd., a unit of the privately-held CEFC China Energy Co., failed to repay 2 billion yuan ($313 ...

Bloomberg Oil advanced towards $72 a barrel as Venezuela’s election results escalated the risk of US sanctions against the OPEC nation, adding to mounting concerns about supply following curbs against Iran. Futures in New York rose as much as 0.9 percent. President Nicolas Maduro won the elections in Venezuela, increasing the prospect of US sanctions that could curb the nation’s ...

Bloomberg Ghana sees the country’s state-owned gas-station operator as the leading bidder to partner Exxon Mobil Corp. to explore for crude at an offshore field, according to two people familiar with the matter. Exxon was awarded exploration and production rights for the Deepwater Cape Three Points block in January and must choose a local partner for a 5 percent stake ...