News

Dubai / Emirates Business A total of 513 new companies chose Jebel Ali Free Zone (Jafza), the region’s premier trade facilitator and hub as their operational base in 2017, reaffirming its position as a destination of choice for businesses. New companies represent a nine percent increase in Jafza’s portfolio compared with the 470 new companies that registered in 2016. The ...

ABU DHABI / WAM Brigadier Saeed Rashid Al Shehi, Deputy Commander of the UAE Land Forces, and General Dato’ Sri Zulkiple bin Hj Kassim, Malaysian Chief Of Army attended the conclusion the ‘Desert Tiger 5’ joint military exercise between UAE and Malaysian ground forces. The Desert Tiger 5 joint military exercise was implemented within the framework of the UAE leadership’s ...

ABU DHABI / WAM The Department of Urban Planning and Municipalities at Abu Dhabi City Municipality (ADM), is continuing the construction and management of boat and jet ski slipway projects in Abu Dhabi Island and the surrounding islands. The step is aimed at providing services contributing to the satisfaction of community members as well as urban entertainment facilities compatible with ...

DUBAI / WAM Emirates Auction has revealed that the organisation has created an online market with over 1.3 million bidders. In an interview with the Emirates News Agency (WAM), Abdulla Al Mannaei, Chairman and Managing Director of Emirates Auction, revealed that the company had developed an ambitious expansion plan that aims to meet the growing demand for its services and ...

Dubai / Emirates Business Dubai Land Department (DLD) announced that it will participate in the sixth edition of the ‘Dubai International Government Achievements Exhibition’ under the theme of ‘Government practices global achievements’. This year’s event will take place under the patronage of HH Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of UAE and Ruler of Dubai, ...

Sharjah / Emirates Business The Sharjah Investment and Development Authority (Shurooq) has announced that two of its eco-luxury developments – the Kingfisher Lodge, part of the ‘Kalba Eco-tourism’ project, and the Fossil Rock Lodge, part of the second phase of the ‘Mleiha Archaeological and Eco-tourism’ project – are both nearing completion. Shurooq confirmed that the two luxury hospitality projects, which ...

Bloomberg The US and China played down the prospect of a diplomatic breakthrough to resolve their escalating trade dispute as the White House considers what demands it will present to the Chinese. Serious talks “have not really begun yet,” Larry Kudlow, head of the White House National Economic Council, told Bloomberg TV. Treasury Secretary Steven Mnuchin, in a CNBC interview, ...

Bloomberg A corporate court allowed lenders to proceed with selling some assets of Anil Ambani’s Reliance Communications Ltd. to Reliance Jio Infocomm Ltd., but ordered that the proceeds be held in an escrow account until it decides on a dispute with a minority shareholder. The latest decision marks a partial victory for RCom a day after India’s top court vacated ...

Bloomberg Binani Cement Ltd. lenders will entertain a local tycoon’s last-minute $1.1 billion bid for the insolvent Indian company, people with knowledge of the matter said. The committee of creditors decided at a meeting it would be willing to support the proposal, which would see Binani Cement sold to billionaire Kumar Mangalam Birla’s UltraTech Cement Ltd., according to the people. ...

Bloomberg The Philippines could be the most at risk in Southeast Asia from the worsening trade conflict between China and the US. About 16.9 percent of the Philippines’ shipments abroad are part of China’s value chain; goods that serve as inputs to China’s exports, according to RHB Bank Bhd. That compares with 11.4 percent for Malaysia and just 2.2 percent ...