News

  Bloomberg Prime Minister Theresa May is set to impose new restrictions on company take-overs in the UK as part of a plan to protect workers’ pensions from “unscrupulous” bosses. If re-elected in June, May’s Conservatives will give authorities the power to block such deals and launch criminal prosecutions of company bosses who put pension schemes at risk, the party ...

  DUBAI / WAM Vice President and Prime Minister of UAE and Ruler of Dubai, His Highness Sheikh Mohammed bin Rashid Al Maktoum, has endorsed the project to improve the Latifa Bint Hamdan Street and the Junction of Umm Al-Sheef-Latifa Bint Hamdan Streets at cost AED800 million. The project links Jumeirah district with Al Khail Road and the Parallel Roads ...

  DUBAI / WAM Dubai International Financial Centre (DIFC) signed an MoU with Mumbai Metropolitan Region Developmental Authority (MMRDA), an urban town planning and development authority established by Government of the State of Maharashtra. The City of Mumbai endeavours to set up its own international financial centre, in order to position it as the financial capital of India. In support ...

  Bloomberg The United Arab Emirates is cutting back supplies to customers in June as part of its agreement with OPEC to curb production. Abu Dhabi National Oil Co. will reduce sales by 10 percent, a company spokesman said on Saturday by phone. The state-owned producer, known as Adnoc, cut supplies for May by 7 percent. The UAE, the fourth-biggest ...

  Abu Dhabi / Emirates Business Abu Dhabi benefited from increased industrial investments over the past years as a result of efforts to achieve economic diversification, a strategic objective of the Abu Dhabi Plan and the emirate’s economic vision, with integral facilities and world class logistical and organizational capacities provided. Seeking to support the industrial sector, the Emirate of Abu ...

  HANNOVER / WAM After five days, 250,000 visitors and 6,500 exhibitors, Hannover Messe draws to a close, as the UAE Pavilion reflects on yet another successful participation for a milestone tenth year. The UAE Pavilion, consisting of 31 government and private sector exhibitors, saw a variety discussions and agreements with foreign officials, internationals stakeholders and fresh investors. Led by the ...

  Dubai / WAM Dubai SME, the agency of Dubai Economy mandated to develop the small and medium enterprise (SME) sector, announced that registrations for the 10th edition of the Mohammed Bin Rashid Award for Young Business Leaders (YBL) can be done on the website www.smeawards.ae from April 30 to August 31. The award will be given under the patronage of ...

  Dubai / WAM Zayed Giving Convoys have invited Emirati medical cadres to volunteer through the “Doctors Programme,” which will allow them to participate in humanitarian missions of mobile caravan clinics and hospitals in Somalia. The gesture is in response to 2017 being named the Year of Giving by President His Highness Sheikh Khalifa bin Zayed Al Nahyan and coincides with ...

  Dubai / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of UAE and Ruler of Dubai, launched on Saturday the UAE Soft Power Council, which will define a comprehensive strategy to reinforce the country’s position and consolidate its values of respect and appreciation with governments and citizens across the world. The UAE Soft Power Council ...

  Sharjah / WAM Sharjah International Airport achieved a 2 percent growth in passenger traffic during the first quarter of 2017, which reflects increased passenger satisfaction in the quality services provided by the airport. The total number of passengers that passed through Sharjah International Airport in the first quarter of 2017 grew to 2.741 million, up from 2.687 million passengers during ...