News

Sharjah / WAM His Highness Dr Sheikh Sultan bin Mohammed Al Qasimi, Supreme Council Member and Ruler of Sharjah, on Tuesday opened the third edition of the Sharjah FDI Forum. The two-day forum is organised by Sharjah Investment and Development Authority, Shurooq, and Sharjah FDI Office, Invest in Sharjah, and includes nine working sessions. The two-day forum is organised by ...

DUBAI / WAM The Emirates Development Bank (EDB), launched a housing loan programme for UAE nationals who have obtained relevant approvals from the country’s major housing institutions – the Sheikh Zayed Housing Programme, the Abu Dhabi Housing Authority, the Mohammed bin Rashid Housing Foundation and the Sharjah Housing Department – during a meeting at its headquarters in Dubai, which was ...

ABU DHABI / Emirates Business Abu Dhabi National Insurance Company (ADNIC), one of the leading regional multi-line insurance providers for corporates and individuals, has launched an enhanced version of its innovative ADNIC Plus mobile application (‘app’). Available on both Android and Apple phones, the app has been launched as part of ADNIC’s commitment to making its customers’ lives easier through ...

DUBAI / Emirates Business The fifth Lifestyle Expo in Dubai will take place from September 25-26 at the Hyatt Regency Dubai, connecting Hong Kong and Chinese mainland suppliers with buyers from the Middle East and Africa to fill the region’s growing demand for trendy consumer products. Jointly organised by the Hong Kong Trade Development Council (HKTDC) and the Trade Development ...

ABU DHABI / Emirates Business Etisalat on Tuesday announced it received the award and recognition of the ‘Best Operator’ at the industry leading event ‘Telecoms World Middle East 2017 held in Dubai. This award recognised the telecom operator that has achieved unparalleled growth in its operation, has innovated its service portfolio, has improved customer service and has developed its network ...

DUBAI / Emirates Business A high-level delegation from the Dubai Chamber of Commerce and Industry (DCCI) is participating in various activities at the 10th World Chambers Congress (WCC) in Sydney this week with the aim of promoting Dubai as an attractive business hub and expanding the Chamber’s global network. Hamad Buamim President and CEO of Dubai Chamber and Deputy Chairman ...

DUBAI / Emirates Business TASC Outsourcing, a leading people solutions and talent management company in the GCC, unveiled TascTemp, an innovative online hiring portal which is set to transform the temporary hiring industry in the UAE. TascTemp is the first-of-its-kind solution in the region for temporary staff. This platform is perfect for businesses that need additional staff to meet peak-season ...

Bloomberg / Reuters Saudi Arabia raised 7 billion riyals ($1.9 billion) from domestic sukuk sales as the kingdom seeks to bolster its finances amid an economic overhaul and lower oil prices. The government received more than 24 billion riyals in bids for its third riyal-denominated Islamic bond sale, according to a statement on the Ministry of Finance’s website. It raised ...

Bloomberg Saudi Arabia is considering a plan to phase out subsidies for gasoline and jet fuel in November at the latest, as the world’s biggest oil exporter pushes a program to curtail public spending after a global slump in prices. The government would boost gasoline to parity with varying international prices under the plan, according to a person with knowledge ...

Bloomberg Saudi Aramco plans to expand its trading business by buying and selling non-Saudi crude as the world’s biggest exporter prepares for what could be a record initial public offering. The state-owned company is putting crude marketing and refined-product trading under the same management, according to Ibrahim Al-Buainain, chief executive officer of Saudi Aramco Products Trading Co.. The enlarged unit ...