News

  Abu Dhabi / WAM The Department of Municipal Affairs and Transport, represented in the Municipality of the Dhafra Municipality, signed an investment agreement worth AED222 million to develop the central market in Madinat Zayed in the Dhafra Region in co-operation and partnership with the private sector, according to the Build, Operate, Transfer (BOT) model. The agreement was signed during the ...

  Abu Dhabi / WAM Sultan bin Saeed Al Mansoori, Minister of Economy, discussed ways to establish a new phase of economic and trade cooperation based on further exchange of investments and the development of partnerships in sectors of mutual interest with Kadri Veseli, President of the Parliament of the Republic of Kosovo. The talks were held at the ministry’s headquarters ...

  Abu Dhabi / WAM Abu Dhabi Tourism & Culture Authority (TCA Abu Dhabi) is leading the largest delegation it has ever taken to the Arabian Travel Market (ATM) later this month in a bid to capitalise and increase on record numbers of guest arrivals into the emirate. The authority will be joined by 67 interested parties representing 115 products at the ...

  Abu Dhabi / Emirates Business ADNOC Distribution announced the opening of Dalma Port marine service station located on Dalma Island in Abu Dhabi. The temporary facility is designed to meet the requirements of fishermen and boat owners on the island until an integrated marine service station is set up within Dalma Port. Located in the new Dalma Island Port, ...

  Bloomberg The oil boom in the Permian Basin, America’s most prolific crude play, has become a gas boom. With its $2 billion takeover of EagleClaw Midstream Ventures LLC, Blackstone Group LP became the latest company to bet on gas in a basin better known for its oil reserves. Its interest lies in “associated gas” — a term used to ...

  Bloomberg Steel mills in India are set to churn out metal at a rapid pace over the next decade and a half with output forecast to more than double bolstered by a growing economy and increasing urbanization, according to the Indian Steel Association. Shares of producers rose in Mumbai. Production is set to climb 10 percent to 12 percent ...

  Bloomberg Future Retail Ltd., India’s biggest department store chain that gained from the government’s surprise currency clampdown, still has room to extend the rally that’s more than doubled its market value this year. The shares of the food-to-fashion retailer are set to rally 22 percent in the next 12 months, according to the average analyst price target compiled by ...

  Bloomberg Steel mills in India are set to churn out metal at a rapid pace over the next decade and a half with output forecast to more than double bolstered by a growing economy and increasing urbanization, according to the Indian Steel Association. Shares of producers rose in Mumbai. Production is set to climb 10 percent to 12 percent ...

  Bloomberg Volkswagen, Europe’s biggest automaker, plans to launch its first pure-electric car in China next year as Beijing steps up pressure on the industry to promote alternatives to gasoline. The announcement on Tuesday comes on the eve of the Shanghai auto show, which showcases industry efforts to create electric models with consumer appeal. General Motors Co.’s Buick unit and ...

  Bloomberg Ten years after Steve Jobs held up the original iPhone to a gushing San Francisco crowd, Apple Inc. is planning its most extensive iPhone lineup to date. Apple is preparing three iPhones for launch as soon as this fall, including upgraded versions of the current two iPhone models and a new top-of-the-line handset with an overhauled look, according ...