Abu Dhabi / Emirates Business Abu Dhabi National Exhibitions Company (ADNEC) will join national exhibition associations and exhibition venues across the world in marking the Global Exhibitions Day 2017 (GED 2017) on Wednesday. Global Exhibitions Day is an opportunity for the exhibition industry to celebrate and highlight its positive impact on jobs, business, innovation and local investment. The occasion was ...
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Mohamed attends lecture on fourth agricultural revolution
Abu Dhabi / WAM His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, attended on Tuesday a lecture on the fourth agricultural revolution, delivered by Dr Caleb Harper, Director of the Open Agricultural Initiative at MIT Media Lab. In a lecture titled “Eating Digital: The Fourth Agricultural ...
Read More »ADEC approves fee hikes for 24 private schools
Abu Dhabi / WAM The Abu Dhabi Education Council (ADEC), approved the fee hike request of 24 private schools in Abu Dhabi starting from the 2017-2018 academic year. The average increase in fee is about three percent. Meanwhile, ADEC has rejected the request of 60 private schools. A total of 84 schools had submitted the request to increase fees, out ...
Read More »Daman rolls out e-Dirham payment service
Abu Dhabi / WAM The National Health Insurance Company (Daman), has launched a trial phase allowing clients to pay insurance premiums and service charges using e-Dirham at its service centre in its Abu Dhabi headquarters. Daman said that payments using e-Dirham services will be included in the approved payment options package, and will expand to the remainder of the company’s ...
Read More »KFED, DBRB sign deal to develop SMEs in Belarus
Abu Dhabi / WAM Khalifa Fund for Enterprise Development (KFED) and the Development Bank of Belarus (DBRB) signed an MoU setting up the framework for future cooperation to develop Small and Medium Enterprises in the Republic of Belarus. The agreement was signed by Hussain Jassem AlNuwais, Chairman of Khalifa Fund for Enterprise Development and Sergei Rumas, Chairman of the DBRB. The ceremony ...
Read More »Gulf spat threatens to put brakes on Qatar’s $335 billion empire
Bloomberg The windfall from being the world’s largest exporter of liquefied natural gas has allowed Qatar to amass about $335 billion of investments around the world through its sovereign wealth fund. Now, a diplomatic spat with neighboring countries threatens to hamper the Qatar Investment Authority’s ability to continue making headline-grabbing global deals. Saudi Arabia and three other Arab countries cut ...
Read More »Platts initiates review of crude oil loadings from Qatari ports
SINGAPORE / Reuters Oil price agency S&P Global Platts, a unit of S&P Global Inc, said on Tuesday it has initiated with immediate effect a review of the deliverability of crude oil loading from Qatari ports. The move follows major Arab nations cutting commercial and diplomatic ties with Qatar. During the review period, and until further notice, Al-Shaheen crude oil ...
Read More »India’s Adani okays disputed Australian coal mine project
Bloomberg India’s Adani Group will proceed with its $16.5 billion Carmichael coal project in Australia’s Queensland state after its board approved a final investment decision on the development. Adani announced the move on Tuesday after last-minute delays due to uncertainty over a royalty deal with the state and amid resistance to the project because of concerns that it will damage ...
Read More »China’s boom-bust industrial policy spawns bubbles galore
Bloomberg China wants to own the 21st Century economy. That’s why Beijing economic planners have mapped out a full-on strategy called Made in China 2025 to dominate in artificial intelligence, robotics, electric vehicles and other key sectors. The government is spending big on tax breaks and subsidies to get these industries off the ground quickly. Call it industrial policy on ...
Read More »Noble Group’s shares roiled as investors zero in on debt talks
Bloomberg Noble Group Ltd. shares extended their decline to the lowest level since 2000 amid rising investor concern that the embattled commodity trader may not be able to engineer a turnaround even as it presses on in talks with core banks to try to secure more funding. The stock tumbled as much as 11 percent to 28.5 Singapore cents and ...
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