News

Sharjah / WAM His Highness Sheikh Sultan bin Mohammed bin Sultan Al Qasimi, Crown Prince and Deputy Ruler of Sharjah, has said that the Unification of the UAE Armed Forces is a pivotal point in the country’s history and development. On the occasion of the 42nd anniversary of the Unification of the UAE Armed Forces, Sheikh Sultan conveyed the deepest ...

Dubai / WAM The Federal Tax Authority (FTA), announced the launch of a new electronic tracking system, which uses digital tax stamps to ensure excise tax on tobacco products has been paid, at an awareness meeting held in Dubai. Set to go into effect in early 2019, the system seeks to combat tax evasion and commercial fraud, supporting the FTA’s ...

Dubai / Emirates Business Emirates has landed six of its special ‘Year of Zayed’ livery aircraft on six continents for the May 6 centennial birthday of the UAE’s Founding Father, Sheikh Zayed bin Sultan Al Nahyan. His Highness Sheikh Ahmed bin Saeed Al Maktoum, Chairman & Chief Executive, Emirates Airline & Group, said: “Today, we celebrate the centennial anniversary of ...

Dubai / WAM Dubai Electricity and Water Authority (DEWA), is organising a number of special activities this week in celebration of the centennial anniversary of the birth of the founding father, the late Sheikh Zayed bin Sultan Al Nahyan. The activities highlight the legacy, values, life, and achievements of the late leader. The activities organised by DEWA this week include ...

Dubai / Emirates Business Under the patronage of the Federal Transport Authority for Land and Maritime (FTA) and with the presence of HRH Princess Sarah Al Saud, Tactics Maritime Media and Marasi News have successfully arranged “The UAE Maritime Leaders Roundtable Discussion” under the theme of “Leading the UAE towards being a preferable destination for maritime investment”. The event brought ...

Abu Dhabi / WAM The Abu Dhabi National Exhibitions Company (ADNEC), will host a series of strategic events during the month of May, in keeping with the spirit of the Holy Month of Ramadan. The most high-profile of these will be the Capital Majlis, being held for the third year in a row, which will welcome over 700 guests throughout ...

Bloomberg BP Plc is weighing an acquisition of some of BHP Billiton Ltd.’s energy assets as the British oil major seeks more US shale, according to people familiar with the matter. The London-based company is working with Morgan Stanley to advise on the plans, said the people, asking not to be identified as the matter is private. BP is weighing ...

Bloomberg AltaGas Ltd.’s proposed $4.6 billion buyout of WGL Holdings Inc. took a step closer to approval, with the two companies announcing a potential settlement with several groups in the District of Columbia. The settlement in principal may be a sign that the D.C. Office of People’s Counsel and other local organizations won’t oppose the deal, and was announced in ...

Bloomberg Russia reaffirmed its pledge to an alliance with OPEC, despite two months of breaching its target under a global oil-output deal. The country remains “fully committed” to bringing balance to the crude market, Russia’s Energy Minister Alexander Novak said in a statement. Russia’s compliance with the deal was 95.2 percent in April, after a rate of 93.4 percent in ...

Bloomberg Fortis Healthcare Ltd. received a revised takeover offer from its first suitor, an Indian company backed by private equity firm TPG, ahead of a board meeting to decide a winner in the bidding war for the country’s second-largest hospital chain. Manipal Health Enterprises Pvt. has proposed merging with Fortis in a deal that will value the latter at 83.58 ...