News

Sharjah / Emirates Business Thirty-five Chinese publishing houses have visited Sharjah Publishing City (SPC), the world’s first free zone dedicated exclusively to the publishing industry, to explore investment opportunities and view the facilities on offer to organisations looking to either expand or enter into the regional market. The delegation was briefed about the free zone’s industry-specific services and amenities by ...

Dubai / WAM His Highness Sheikh Ahmed bin Saeed Al Maktoum, Chairman of Dubai Civil Aviation Authority, Chief Executive of Emirates Group, Chairman of Dubai Airports and Patron of Airport Show, on Monday opened the 18th edition of the Airport Show in Dubai. Opening the world’s largest annual aviation event, Sheikh Ahmed said that the contribution of the aviation sector ...

Dubai / WAM In his capacity as the Ruler of Dubai, His Highness Sheikh Mohammed bin Rashid Al Maktoum, the Vice President and Prime Minister, has issued Decree No. 17 of 2018 establishing subsidiaries of the Dubai Health Authority (DHA). The new DHA subsidiaries established under the Decree are Dubai Healthcare Corporation and Dubai Health Insurance Corporation. The subsidiaries will ...

Dubai / WAM A Memorandum of Understanding (MoU) agreed by DP World, Egypt’s Holding Company for Maritime and Land Transport and the Suez Canal Authority is aiming to develop a new Inland Container Depot (ICD) in Egypt’s 6th of October City, a satellite town in the Giza Governorate and part of the urban area of Cairo. The three partners will ...

Abu Dhabi / WAM His Highness Sheikh Hamdan bin Zayed Al Nahyan, Ruler’s Representative in Al Dhafra Region, Chairman of the Emirates Red Crescent (ERC), stated that the UAE, under the leadership of President His Highness Sheikh Khalifa bin Zayed Al Nahyan, is keen to advance its humanitarian mission and promote and develop its relief and development work. He added ...

Dubai / WAM Saeed Mohammed Al Tayer, MD & CEO of Dubai Electricity and Water Authority, DEWA, has received a delegation from Belgian company CMI Solar, led by Jean-Michel Gheeraerdts, President of CMI Energy Group, accompanied by Eric Absil, President of CMI Solar, Michel Lalemand, Vice President of CMI Solar, Thomas Bauthier, Projects Manager, and Christophe Corteil, Projects Developer. The ...

Abu Dhabi / Emirates Business A delegation from Abu Dhabi Fund for Development (ADFD), the leading national entity for development aid, participated in the official inauguration of two of its funded projects in the Albanian capital Tirana, worth AED240 million ($58.26 million). Adel Al Hosani, Director of the Operations Department at ADFD, led the delegation representing the Fund. The event ...

Bloomberg The big, rushed and opaque deal for an enigmatic Chinese energy company to buy into Russia’s state oil behemoth has disintegrated. CEFC China Energy Co.’s agreement last year to purchase a $9 billion stake in Rosneft PJSC came to end as the sellers decided not to proceed with the deal. Separately, meetings scheduled for investors holding 15.1 billion yuan ...

Bloomberg OPEC member Algeria is looking to boost spending outlined in its 2018 budget by 6 percent, capitalizing on high oil prices ahead of presidential elections next year. A proposed amendment to the 2018 budget law would raise spending to almost 9.13 trillion dinars ($79 billion). The additional funds would be directed to the investment budget, which will rise 12 ...

Bloomberg There’s no other company on Earth quite like Ant Financial. Spanning online payments, insurance, lending, credit scores, asset management and more, Jack Ma’s Chinese behemoth resembles a mashup of PayPal, Geico, Wells Fargo and Equifax — with a bit of BlackRock thrown in for good measure. Thanks to clever mobile apps and a burgeoning Chinese middle class, Ant oversees ...