News

  Dubai / WAM The Business Registration and Licensing (BRL) sector in the Department of Economic Development (DED) Dubai, launched ‘e-Trader,’ a first-of-its-kind initiative in the region, which will allow Emiratis and GCC citizens in Dubai to conduct business activities on social networking sites. The initiative is part of enhancing transparency and regulating the practice of offering products and services ...

  Abu Dhabi / WAM The Ministry of Interior (MoI) will launch an awareness campaign next Sunday on the use of drones, under the slogan “You are responsible”, which will continue throughout the year, in co-operation with the Public Civil Aviation Authority in the UAE. Colonel Saeed Al Khaja, Head of the Aerial Support Department in the Public Security Support Department, ...

  DUBAI / Emirates Business Dubai Silicon Oasis Authority (DSOA), the regulatory body for Dubai Silicon Oasis (DSO), the integrated free zone technology park, on Wednesday announced the findings of the Free Zones Outlook Report, developed in collaboration with Thomson Reuters, the world’s leading source of intelligent information for businesses and professionals. The report, launched at a joint press conference ...

  Abu Dhabi / Emirates Business The Organizing Committee of the World Energy Congress in Abu Dhabi has announced the support of the Etihad Aviation Group (EAG) in the delivery of the 2019 Congress. The agreement appoints Hala Abu Dhabi as the Official Travel & Destination Partner alongside Etihad Airways as the Official Airline for the 2019 World Energy Congress ...

  Dubai / Emirates Business The UAE can be a global force for good, education experts gathered at the ongoing GESS Dubai conference and exhibition say. In his keynote speech, His Excellency Hussein Al Hammadi, Minister of Education for the UAE, said the Emirates is putting a strong emphasis on the overall development of students which includes improving their academic ...

  Bloomberg Expanding fuel shipments from the Persian Gulf will intensify competition from Europe to Asia, squeezing profits across the global refining industry and contributing to a looming glut of oil products. As Saudi Arabia, Iran and other crude suppliers build new oil-processing plants and upgrade old ones, the Gulf region is poised to become a net exporter of refined ...

  Reuters When OPEC reached a deal last year to cut oil output, the decision to exclude Nigeria and Libya from the restrictions was seen as a risk to the group’s efforts to curb a global crude glut. An oil price rally has already stumbled since the deal, but Nigeria and Libya are not to blame. Output from both nations ...

  Bloomberg Iran has signed a $1 billion deal with private investors to develop Mehdiabad, one of the world’s largest zinc mines, which it expects to go on stream in next four years and produce 800,000 ton-nes of zinc concentrate per year. The state-owned Iranian Mines and Mining Industries Development and Renovation Organisation (IMIDRO) said in a weekend statement it ...

  Bloomberg It seems the only way to stop Indians from buying more gold is to take their money away. Prime Minister Narendra Modi’s government spent 16 months trying to persuade Indians to deposit their jewelry in the bank to earn interest, in an effort to curb soaring imports of the precious metal. But the program has only lured a ...

  Bloomberg China will allow investors to buy mainland bonds in Hong Kong this year, Premier Li Keqiang said at a briefing on Wednesday, adding to recent moves to ease access to the nation’s debt market. Policy makers will allow overseas funds to buy onshore bonds in transactions carried out in Hong Kong, Li said on Wednesday at a press ...