News

‘UAE leadership seeks to make innovation a cornerstone of socio-economic development’

Dubai / WAM Mona Ghanem Al Marri, Director-General of the Government of Dubai Media Office and Vice President of the UAE Gender Balance Council, on Tuesday addressed the inaugural high-level speaker series of the MENA Chapter of the ‘Global Women in PR’ held in support of female empowerment within the Public Relations, Media and Communications Industry. The private event, hosted ...

Read More »

UAE ranks top country to live in for seventh consecutive year

DUBAI / WAM The United Arab Emirates (UAE) retains its position as the top country Arab youth would like to live in and want their own countries to emulate for the seventh consecutive year, according to the ASDA’A Burson-Marsteller Arab Youth Survey 2018, released on Tuesday. The 10th annual survey also reveals that young Emiratis are extremely optimistic about their ...

Read More »

37 Houthi militias killed in Arab Coalition raids

YEMEN / WAM Thirty-seven members of the Iranian-backed Houthi militias have been killed in a series of airstrikes by Arab coalition fighters targeting militia positions in the Red Sea Coast. In the past 48 hours, Coalition forces carried out meticulously planned strikes crippling Houthi military capabilities and leading to heavy losses in their ranks. The raids targeted military sites in ...

Read More »

Adnoc to unveil new downstream strategy and investment initiatives

Abu Dhabi / WAM The Abu Dhabi National Oil Company (ADNOC) on Tuesday confirmed the attendance of more than 40 global CEOs and over 700 attendees at the ADNOC Downstream Investment Forum, underlining both the local, and far-reaching global, interest in the event. The forum will commence on May 13, in Abu Dhabi. During the event, ADNOC will outline its ...

Read More »

Estonia to open representative trade office in Dubai by 2018-end

Dubai / Emirates Business The Dubai Chamber of Commerce and Industry announced plans for state-run trade and investment promotion agency Enterprise Estonia to open a representative office at its premises in Dubai before the end of this year. The announcement was made during a business roundtable in Tallinn, Estonia, which was hosted by the Chamber in cooperation with Enterprise Estonia ...

Read More »

Emirates to launch daily service to Edinburgh from October 1

Dubai / Emirates Business Emirates, the largest international airline in the world, on Tuesday announced it will start a daily service between Scotland’s capital city, Edinburgh, and Dubai, from 1 October 2018. Edinburgh will become Emirates’ second destination in Scotland after Glasgow and its 8th in the United Kingdom after the airline starts its daily service to London Stansted in ...

Read More »

Ras Al Khaimah opens representation office in Nordics to strengthen ties

Ras Al Khaimah / Emirates Business In a move to further strengthen ties with the Nordic region, the Ras Al Khaimah Tourism Development Authority (RAKTDA) on Tuesday announced the opening of their first international representation office in the Nordics, as the Emirate seeks to drive further growth in the number of visitors travelling to Ras Al Khaimah. RAKTDA already has ...

Read More »

Mashreq Bank to offer external commercial borrowings in INR

DUBAI / Emirates Business Mashreq Bank, the UAE’s leading financial institution, on Tuesday announced that it will enter the non-bank financial institution (NBFI) space in India through an engagement with IL&FS Financial Services Ltd to offer external commercial borrowings (ECB) in Indian Rupees (INR). Through the IL&FS Group, Mashreq will serve the Indian market across various verticals including financial services, ...

Read More »

Shell nears $30bn divestment goal with oil-sands stake sale

Bloomberg Royal Dutch Shell Plc’s agreement to sell out of oil-sands producer Canadian Natural Resources Ltd. brings its $30 billion divestment goal within reach. The Anglo-Dutch company’s Shell Gas BV unit will divest all its shares in Canadian Natural for total pretax proceeds of $3.3 billion, The Hague-based Shell said. The sale serves the dual purpose of shedding one of ...

Read More »

Saudi non-oil income rises 63% on new taxes

Bloomberg Saudi Arabia’s non-oil revenue climbed 63 percent in the first quarter of 2018, propelled by improved tax collection as part of a drive to reduce the economy’s reliance on income from oil exports. Revenue rose to 52.3 billion riyals ($14 billion), partly due to the introduction of value-added taxation and measures taken over the past two years, including a ...

Read More »
Send this to a friend