News

Dubai / Emirates Business wasl properties – Dubai’s leading property management and development company – is celebrating creativity of the holy month, with special Ramadan Art competitions that reward artistic flair with exceptional prizes. The annual competitions welcome participation from all ages, with a painting challenge for children and a photography contest for adults. The entries will be displayed online ...

Abu Dhabi / Emirates Business ACC won four highly regarded International Safety Awards for its work at Meena Tower and the ACC Plant Department in Abu Dhabi, and Fountain Views and Sky View in Dubai. The Merit Awards were presented by the British Safety Council in recognition of the company’s success in establishing a strong health and safety culture across ...

Abu Dhabi / Emirates Business The Ministry of Economy (MoE) emphasized its commitment towards raising the awareness of the UAE’s private sector regarding the latest policies, legislations and administrative procedures adopted by the international community and trading partners. Through this, the Ministry aims to develop a new and integrated outlook on international markets inclusive of their current challenges and opportunities. This ...

Abu Dhabi / WAM A seminar on disseminating awareness about short selling regulations has been organised recently by the Securities and Commodities Authority (SCA), in collaboration with the Abu Dhabi Securities Exchange (ADX). The seminar is part of SCA’s efforts to enhance investors’ knowledge of financial mechanics and systems that are conducive to optimising trading performance and enlarge and upgrade ...

Dubai / WAM Emirates announced that it has made three key management movements within its commercial and cargo operations team in the Middle East. The changes place UAE National talent in key positions that will enhance the airline’s commercial and cargo presence in the region. All of the appointments will be effective from June 1. Commenting on the announcement, Thierry ...

Dubai / WAM Dubai International Airport (DXB), welcomed more than 7.6 million passengers in April, according to the monthly traffic report issued by operator Dubai Airports on Monday. Passenger numbers reached 7,622,946 in April, up 9.2 per cent compared to 6,979,063 recorded during the same month in 2016. Following four months of robust growth, the year to date traffic reached ...

Sharjah / WAM Bee’ah, Sharjah’s pioneering environmental management company, has announced the launch of a new company, EvoTeq, and signed two new business agreements in its quest to deliver innovative tech-based solutions to combat pressing issues faced by the region. The signing ceremonies and announcements took place during Bee’ah’s participation in the SAP Innovation Day at the Al Jawaher Reception ...

Bloomberg Shares and bonds of billionaire Anil Ambani’s Reliance Communications Ltd. tumbled, extending their declines from last week, amid mounting concerns about the Indian phone carrier’s debts. The stock plunged as much as 24 percent, hitting an intra-day record low of 19.70 rupees, in Mumbai trading on Monday and was the day’s worst performer on S&P BSE500 index. Shares of ...

Bloomberg Vietnamese Prime Minister Nguyen Xuan Phuc said he is confident economic growth this year will meet a government goal of 6.7 percent without adding to inflation, despite weak expansion last quarter. Vietnam is taking steps to bolster the economy as the nation seeks to retain its status as one of the world’s fastest-growing economies, the premier said in an ...

Bloomberg Chinese developers extended Asia’s biggest rally this year, with China Evergrande Group surging to a record in Hong Kong. Evergrande soared 23 percent at the close, while Country Garden Holdings Co. and Sunac China Holdings Ltd. gained more than 9 percent. Lianhua Supermarket Holdings Co. rallied 24 percent after Alibaba Group Holding Ltd. agreed to buy a stake in ...