News

Abu Dhabi / WAM The National Media Council (NMC), unveiled a set of regulations for electronic media, which govern all online activities, including e-commerce; publishing and selling of print, video, and audio material; as well as advertising. The new guidelines apply to news websites, electronic publishing outlets, and on-demand printing, including commercial activities conducted through social media within the UAE. ...

Dubai / Emirates Business On the occasion of International Women’s Day, Emirates is highlighting the integral role played by its female employees through a special video which documents the breadth and diversity of the operational and technical roles performed by women in the Group. The video gives the audience a behind the scenes look at women employees from various Emirates ...

Dubai / Emirates Business During its meeting, the Board of Directors of the Gulf Navigation Holding (PJSC) approved the trading of the rights issued last February to the company’s existing shareholders, without publicly offering the remaining shares. The company’s capital now stands at AED 919,209,250. The move is in line with the company’s interim strategy to expand its services and ...

SHARJAH/ Emirates Business The Sharjah Investment and Development Authority (Shurooq) is promoting the emirate’s status as one of the Middle East’s most progressive and dynamic tourism destinations to 180 countries across five continents at this year’s ITB Berlin, the world’s largest travel trade show. Its participation comes as part of a delegation led by His Excellency Marwan bin Jassim Al ...

Dubai / WAM The Dubai Department of Economic Development (DED), signed a partnership with the Talal Abu-Ghazaleh Organisation (TAG-Org), to offer added value packages to the business community and develop the exclusive services being provided at the Dubai Business Club in DED. Sami Al Qamzi, Director-General of DED, and Talal Abu-Ghazaleh, Chairman of TAG-Org signed the partnership agreement in the ...

Dubai / WAM GCC visitors are driving demand in the UAE’s Northern Emirates, comprising more than 30 percent of hotel check-ins, which saw a positive uptick in Year-on-Year (YoY), occupancy, according to data released ahead of Arabian Travel Market (ATM 2018), which takes place at Dubai World Trade Centre from April 22-25. The data shows that of the overall increase ...

Bloomberg Oil rose in tandem with global equity markets, shrugging off concerns over a new wave of crude production from the US as fears of a global trade war eased. Still, the International Energy Agency’s warning that OPEC production cuts will unleash a supply surge from the US and other producers maintained a note of caution in the market. Oil ...

Bloomberg Saudi Arabia’s former oil minister has some advice for anyone worried about a possible drop in future demand for crude: Chill. “I would like to put everyone at ease, there are no such worries,” Ali al-Naimi said in Manama, Bahrain, when asked if he sees a threat to oil demand from climate policies and increasing use of electrical vehicles. ...

Bloomberg The Dominican Republic expects to draw interest from energy titans BP Plc and Exxon Mobil Corp. when it opens the country to natural gas and oil exploration for the first time later this month, joining a push by governments across the Caribbean to develop energy production. The government plans to open two land blocks for oil exploration and two ...

Bloomberg China is attempting to pull off an unusual fiscal feat: Cut taxes, boost spending and shrink the deficit, all with a slowing economy. Premier Li Keqiang announced the first budget deficit goal reduction since 2012, to 2.6 percent of gross domestic product from 3 percent. He also pledged tax cuts of 800 billion yuan ($126 billion) for companies and ...