News

DUBAI / Emirates Business The total value of the top 10 active projects linked to Expo 2020 has exceeded $32.7 billion (AED120 billion) as of March 31, according to BNC Network, the largest project intelligence provider in the MENA region. There are various high value projects across different sectors that are being developed in the UAE which will impact or ...

Sharjah / WAM His Highness Dr Sheikh Sultan bin Mohammed Al Qasimi, Supreme Council Member and Ruler of Sharjah, has issued a law on social security in the Emirate of Sharjah, setting the retirement age at 55 years for females and 60 years for males. Law No. 5 of 2018 stipulates that the age of the insured shall not be ...

Abu Dhabi / WAM The Emirates Centre for Strategic Studies and Research (ECSSR), will organise a lecture entitled ‘The Georgia-UAE Partnership: Creating a Shared Future in an Inconsistent World’, on April 10, at the Sheikh Zayed bin Sultan Al Nahyan Hall at the ECSSR headquarters in Abu Dhabi. The lecture, which will be delivered by President Giorgi Margvelashvili of Georgia, ...

Abu Dhabi / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, affirmed that meeting the needs of the society, particularly social welfare and social services, is essential for the stability of societies and peoples. His Highness also emphasised that paying attention to citizens’ demands is one of ...

Abu Dhabi / Emirates Business Abu Dhabi Fund for Development (ADFD), the leading national entity for development aid, has extended a concessionary loan of AED110 million ($30 million) to the Government of Mali to support its National Social Housing Programme. HE Mohammed Saif Al Suwaidi, Director General of ADFD, and HE Dr Boubou Cisse, Malian Minister of Economy and Finance, ...

Abu Dhabi / Emirates Business The UAE, the second biggest Arab economy, is leading the Arab World in attracting Foreign Direct Investment (FDI). In 2016, the UAE attracted 29 percent of the total FDI inflow in to the Arab World, Sultan bin Saeed Al Mansouri, UAE Minister of Economy, told the media in an interview ahead of the Annual Investment ...

DUBAI / WAM The Department of Economic Development (DED), in Dubai witnessed increasing business registration and licencing activities during the month of March 2018, reaffirming the emirate’s position as a preferred place for business start-ups and expansions. According to the ‘Business Map’ digital platform of DED, more than 26,410 business registration and licencing (BRL), transactions were completed in March, compared ...

SHARJAH / WAM For the first time in the region, the Khorfakkan Container Terminal (KCT) received on Saturday, the CMA CGM ANTOINE DE ST EXUPERY, France’s largest containership. The Vessel docked at the Port and about seven thousand containers were unloaded. Tariq Al Hammadi, Director of Security and Administrative Affairs at Khorfakkan Port, said the French ship had landed at ...

ABU DHABI / WAM Registration for Fikra Labs, an acceleration programme aimed at driving innovation and fostering entrepreneurship in the Abu Dhabi travel and tourism sector, has officially closed and the selected startups are now embarking upon a four-week incubation programme. Launched in early February as part of the UAE Innovation Month, the programme was led by four of Abu ...

Bloomberg Saudi Basic Industries Corp plans to boost production capacity 70 percent by 2025 as the Middle East’s dominant chemical maker works with new joint-venture partners and expands its footprint in the heart of the US shale boom. Increasing chemical production is crucial to Saudi Arabia’s “Vision 2030” blueprint, which envisions creating higher-value products and jobs, Yousef al Benyan, chief ...