News

DUBAI / WAM The Department of Finance (DoF) of the Government of Dubai announced a strategic partnership agreement with Deloitte to enable the Government of Dubai to implement International Public Sector Accounting Standards (IPSAS). DoF signed the agreement with Deloitte, the world’s largest professional services firm, as part of its continuous improvement of financial reporting across the Government of Dubai, ...

ABU DHABI / Emirates Business Abu Dhabi Fund for Development (ADFD), the leading national entity for development aid, on Monday announced an allocation of AED64.2 million ($17.4 million) for the development of two projects in the Republic of Seychelles that will enhance the country’s capacity to produce renewable energy from sustainable resources. Confirming the Fund’s support, His Excellency Mohammed Saif ...

FUJAIRAH / WAM “The whole of Fujairah is a jewel,” according to the Emirate’s Crown Prince, His Highness Sheikh Mohammed bin Hamad Al Sharqi. “We need to polish it, so that it will shine.” He was talking to the Emirates News Agency (WAM), about the work currently under way on completing Fujairah’s Master Plan. “The Port of Fujairah and the ...

Dubai / WAM His Highness Sheikh Mansour bin Mohammed bin Rashid Al Maktoum, on Monday officially inaugurated the 13th Hemaya International Forum and Exhibition on Drug Issues under the theme, “Foreseeing the Future of the Global Combat of Narcotic Drugs and Psychotropic Substances: Predictions, Preparations and Prevention Strategies for 2030”. The two-day forum is being held under the patronage of ...

Abu Dhabi / WAM Aimed at boosting inbound visitor numbers to the Emirate in 2018, the Department of Culture and Tourism – Abu Dhabi, in partnership with Yas Island, has announced a dedicated roadshow in Kuwait. An event will be hosted on March 14, where two bodies will showcase Abu Dhabi’s dynamic cultural and touristic assets to key travel players, ...

DUBAI / WAM The 12th edition of Middle East Rail, the largest railway industry event across the Middle East, North Africa, South and Central Asian region, officially opened on Monday at Dubai International Convention Centre (DICC). Dr Abdulla Belhaif Al Nuaimi, Minister of Infrastructure Development and Chairman, Federal Transport Authority (FTA) - Land & Maritime, inaugurated the exhibition, where over 290 ...

ABU DHABI / Emirates Business For centuries women have been struggling to prove their worth in the male dominated pharmaceutical world, however, the women workforce at Takeda – a global, research and development-driven pharmaceutical company have made significant strides in both management and junior roles. The company has witnessed a great number of fantastic female leaders who not just hold ...

Bloomberg Oil risks sliding back under $60 a barrel as a surge in US shipments to Asia threatens to undermine a deal between OPEC and its allies, according to ING Groep NV. While the producer group complied with a pledge to curb output and ease a glut in 2017, US flows that are gaining a bigger slice of the prized ...

DUBAI / Reuters Egypt plans to award the tender for a high-speed railway between the Red Sea and the Mediterranean in the second half of 2018, transport minister Hisham Arafat said on Monday. The project will connect the eastern resort of Ain al-Sokhna to El Alamein, a town west of Alexandria that was scene of a battle in World War ...

Bloomberg An agency tasked with cleaning up Nigeria’s murky oil industry says even though financial accountability has improved the state oil company still hasn’t explained billions of dollars of missing revenue. While energy producers have cooperated and complied with requirements to publish payments, the Nigeria Extractive Industries Transparency Initiative has struggled with the state-owned Nigerian National Petroleum Corp., Waziri Adio, ...