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DUBAI / WAM Sultan Ahmed bin Sulayem, Group Chairman and CEO of DP World, met senior executives from India’s Tata Group to explore opportunities for cooperation, knowledge sharing, and best practice. Discussions covered logistics and supply chain operations, innovative customer care and creating high quality, sustainable services. Bin Sulayem outlined DP World’s operations across 40 countries, and its role in ...

ABU DHABI / WAM The 2017 non-oil gross domestic product grew 2.9 percent, while the oil real GDP growth was up 1.5 percent, with the country’s real GDP hitting 1.5 percent, according to a UAE Central Bank report that forecast the UAE GDP growth to amount up to 2.5 percent in 2018 and 2.8 percent in 2019. Government spending over ...

LONDON / WAM UAE-based Petrofac, a leading service provider to the oil and gas production and processing industry, on Wednesday announced that it has been awarded a contract by Hindustan Petroleum Corporation Limited, HPCL, for its Sulphur Recovery Unit (SRU) Block Package for the Visakh Refinery Modernisation Project at Visakhapatnam in the Indian state of Andhra Pradesh. The lump-sum EPC ...

LONDON / Reuters Compliance with a global deal to cut oil supply hit a new high in February, a joint OPEC and non-OPEC committee estimated, suggesting a rise in the price of crude has not weakened commitment. Producers in the pact achieved 138 percent of pledged output reductions last month, OPEC said in a statement, a record since the deal ...

DUBAI / WAM The 18th edition of Dubai World Dermatology and Laser Conference and Exhibition (Dubai Derma) witnessed one more successful edition this year with the number of business deals sealed during the past three days reaching AED440 million, organisers announced on Wednesday. Anas Al Madani, Vice Chairman and Group CEO of INDEX Holding, the event organiser, said, “Over the ...

DUBAI / Reuters The government of Dubai has completed a project financing worth about $2.45 billion for the extension of the city’s metro rail system, Dubai’s Department of Finance said on Wednesday. The project envisages a 15 kilometre (9 mile) extension of the Dubai Metro’s Red Line, from Nakheel Harbour and Tower station up to the site of the World ...

Dubai / WAM In his capacity as Ruler of Dubai, His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of UAE and Ruler of Dubai, has enacted two new laws that aim to improve and expand the Dubai International Financial Centre (DIFC’s) already successful private wealth management and succession planning platforms. Both the Trust Law and Foundations ...

Dubai / WAM Qualifiers for the Arab Reading Challenge (ARC), will begin on March 25. Arab students in Arab and foreign countries were invited to participate in this round of the competition, and will start the process of qualifying for the finals. Students from 44 countries, including 14 Arab and 30 non-Arab countries, are participating in the third round of ...

Abu Dhabi / WAM One of the most highly-anticipated events in the country’s entertainment and community calendar, the Mother of the Nation Festival will open on Thursday, and will run until March 31. Taking place at the Abu Dhabi Corniche, the third edition of the annual event, organised by the Department of Culture and Tourism – Abu Dhabi (DCT Abu ...

Abu Dhabi / WAM Under the patronage of HH Sheikh Nahyan bin Mubarak Al Nahyan, Minister of Tolerance, Honorary Chairman of the University Leadership Consortium (ULC), and BUNYAN Initiative for the Capacity-Building of the Youth, the Khalifa Fund for Enterprise Development signed a strategic agreement with ULC, a capacity-building and entrepreneurship hub, in Abu Dhabi on Wednesday. The pact is ...