News

Dubai / WAM The National Media Council, the government entity responsible for building and operating the UAE Pavilion at Expo 2020 Dubai, announced that Arabtec Construction, a wholly owned subsidiary of Arabtec Holding, has been awarded the main contract to build the national pavilion. Arabtec Construction squared off against three local and international companies in the final round with nine ...

Dubai / WAM The Dubai Diamond Exchange (DDE), a DMCC (Dubai Multi Commodities Centre) platform, today announced the third edition of its biennial two-day Dubai Diamond Conference 2017, under the theme ‘Destination Next – Shaping the future of an interconnected marketplace’. Ahmed Bin Sulayem, Executive Chairman, DMCC, said, “Dubai has evolved rapidly as one of the world’s leading trading centres ...

Abu Dhabi / WAM The Emirates Red Crescent (ERC), have announced that it is to build nine “pilot” villages in northern Mali to support thousands of displaced people in the region. The villages are to be built at a cost of over AED2.2 million and will shelter around 38,625 people. Each village will include a school, a dispensary, an artesian ...

Ras Al Khaimah / WAM Forging ahead with its ambitious plans to be the region’s premier destination for adventure tourism, the Emirate of Ras Al Khaimah is set to open a new observation deck close to the summit of Jebel Jais, providing adventure seekers and nature lovers unrivalled and breathtaking views and experience of the UAE’s highest peak at 1,934 ...

Ajman / Emirates Business Ajman Free Zone (AFZ), on Tuesday announced that it has launched a new focused initiative through its overseas offices to woo small and medium enterprises (SMEs) which are potentially looking to expand globally and particularly to tap the local and re-export potential of the Middle East and North Africa (MENA) markets. In a statement, AFZ said ...

Dubai / WAM Dubai Customs added an accolade to many accreditations and unprecedented achievements it has by attaining the ISO 10004:2012 customer satisfaction standard. Ahmed Mahboob Musabih, Director of Dubai Customs received the certificate from Tuv Intercert, the international independent certification group. ISO 10004:2012 standard provides guidance in defining and implementing processes to monitor and measure customer satisfaction. Identification of ...

Abu Dhabi / WAM Abu Dhabi Post Offices, which fall in the 1st Postal Zone of Emirates Post, continue to attract hordes of customers as it offers over 70 postal and non-postal services. Operating since 1963, the Abu Dhabi Central Post Office is a hub for government services, such as those of Immigration Department and Emirates Identity Authority. The most ...

Dubai / Emirates Business Cityland Group on Tuesday announced a major financing milestone for the $330 million flagship retail project — Cityland Mall — from a consortium of banks consisting of Emirates NBD as the lead bank and Burgan Bank from Kuwait. The loan, which totals $142.74 (AED524mn) million in value, will be utilized for covering the ongoing project cost ...

Bloomberg A US appeals court rebuked the Environmental Protection Agency for unilaterally suspending Obama-era methane emissions regulations while the regulator reviewed the rule. The Washington-based panel’s 2-1 majority called the EPA’s move both unauthorized and unreasonable. It granted a request from six environmental groups to allow the rule to remain in place. The decision is the latest blow to the ...

Bloomberg Chad is seeking to delay repayment of more than $1 billion of Glencore Plc-led oil-for-cash loans after crude prices plunged, the second time the African country has looked to restructure the debt in two years, according to people familiar with the matter. Glencore has approached the banks that supported the deal to start talks, while Chad has already appointed ...