News

Abu Dhabi / WAM The Ministry of Foreign Affairs and International Cooperation (MoFAIC), announced that UAE nationals can travel to the Kingdom of Tonga without the need for a pre-visa as of May 24, and can stay for up to 60 days during each visit. Ahmed Alham Al Dhaheri, Assistant Under-Secretary for Consular Affairs at MoFAIC, said that Emirati nationals ...

Abu Dhabi / WAM The Department of Health – Abu Dhabi (HAAD), signed two Memoranda of Understanding, (MoUs), with British health authorities. The first agreement was signed with the UK Healthcare Commission and the second MoU with the Human Fertilisation and Embryology Authority (HFEA). The signing of the two MOUs was held on the sidelines of the UAE-UK Business Council ...

Abu Dhabi / WAM Manazel Real Estate won the Housing and Urban Development Award at the 2018 Global Infrastructure Congress, GIC. The award was presented by Dr. Abdullah bin Mohammed Belhaif Al Nuaimi, Minister of Infrastructure Development. The award is a recognition of Manazel’s ‘Ghantoot Waterfront Project’ and its continued support for public and private developments and promoting energy efficiencies ...

Dubai / WAM Dubai South announced the launch of a diverse number of initiatives that aim to attract investment and provide incentives to the private sector. These initiatives come directly in line with the directives of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, to stimulate economic growth and reduce the cost ...

Bloomberg Saudi Aramco, the world’s biggest oil exporter, plans to trade as much as 6 million barrels a day, a jump in volume that would put it in the top tier of companies that buy and sell crude and refined products. The trading arm of the state-run giant known officially as Saudi Arabian Oil Co. currently handles between 3.3 million ...

Bloomberg Goldman Sachs Group Inc. sees oil’s rally the same way as Saudi Arabia: it won’t check the world’s soaring thirst for crude. Oil’s surge to the highest level in more than three years will in fact spur fuel demand as swelling reserves of Middle East petrodollars are reinvested overseas and stimulate the global economy, Goldman’s head of commodities research ...

Bloomberg Prominent US business lobbies are begging the Trump administration not to impose tariffs on Chinese imports, but some small manufacturers are pushing the other way: Trying to get more products on the proposed list. Makers of steel wheels, safes and other products want the US to impose tariffs on goods by their Chinese competitors, which aren’t among the products ...

Bloomberg It might be the most dynamic region in the world but the Asia Pacific isn’t meeting its economic potential, and some of that has to do with gender equality, according to the McKinsey Global Institute. Targeted policies to achieve more women’s equality in Asia-Pacific economies could add $4.5 trillion to the region’s combined annual gross domestic product by 2025, ...

Bloomberg Takeda Pharmaceutical Co. is nearing a preliminary agreement to acquire Shire Plc after the Japanese drugmaker sweetened its roughly $60 billion bid for the biotechnology company, according to people with knowledge of the matter. The two companies have been working on a tentative agreement on price and might announce a preliminary accord as early as Tuesday, the people said, ...

Bloomberg Investors hunting for clues to the iPhone X’s reception can take a deeper look at its main manufacturing partners. And the latest doesn’t look good. Apple Inc.’s five largest device assemblers reported a sharp slowdown after peaking at the end of last year, suggesting demand for the high-end device may have faded just a quarter after its release. While ...