News

  HARGEISA / WAM The first stage of the humanitarian missions of the Zayed Giving Initiative convoys in Somali villages has been completed with the diagnostic, surgical and preventative treatment of over 5,000 children and elderly patients in the Emirati-Somali mobile field hospital. The hospital is supervised by an Emirati-Somali volunteer medical team, in line with the directives of President His ...

  Dubai / WAM The Women’s Committee at Dubai Customs, in cooperation with Dubai World Trade Centre, has organised a workshop on food safety in support of the food bank initiative, following the wise vision and directives of Sheikha Hind bint Maktoum bin Juma Al Maktoum, wife of Vice President and Prime Minister and Ruler of Dubai, His Highness Sheikh Mohammed ...

  Abu Dhabi / Emirates Business Etihad Airways on Thursday announced new roles and responsibilities for four of its most senior UAE nationals. Ahmed Al Qubaisi, who currently holds the position of Vice President Aero Political and Industry Affairs, will be promoted to Senior Vice President and take on responsibility for International Affairs and for Environmental Affairs. Ahmed joined Etihad ...

  Dubai / Emirates Business The Dubai Chamber of Commerce and Industry (DCCI) organised a monthly staff gathering at its head office which highlighted the importance of adopting a healthy and positive lifestyle as a foundation for achieving personal and professional success. During his welcome address, Essa Al Zaabi, Senior Vice-President, Institutional Support Sector, Dubai Chamber, revealed that the Chamber ...

  Dubai / WAM The number of people taking the taxi in Dubai were clocked at 44,883,737, and they took 25,795,251 trips during the first quarter of 2017. The CEO of Public Transport Agency at the Roads and Transport Authority, RTA, Abdullah Yousef Al Ali commented, “Lifting 44,883,737 riders during the first quarter of this year is indicative of the huge ...

  Bloomberg Royal Dutch Shell Plc showed it has adapted to a world of lower oil prices, generating a surge in cash that allowed it to pay dividends while reducing debt. The Anglo-Dutch company’s first-quarter performance helps validate Chief Executive Officer Ben Van Beurden’s $54 billion purchase of BG Group Plc — for which some shareholders complained he overpaid — ...

  Bloomberg Sunrun Inc., the largest independent US rooftop company, fell the most in more than 11 months after the Wall Street Journal reported that the Securities and Exchange Commission is investigating whether the company adequately disclosed how many customers canceled contracts. The San Francisco-based rooftop installer dropped 8.8 percent to $4.75 at the close in New York, the most ...

  Bloomberg China’s deleveraging campaign is providing a reality check to the fledgling municipal bond market. Set up in 2015 to bring transparency to local-government borrowing practices, the new market benefited from the perception that Beijing had the provinces’ backs, with yields largely on par with the sovereign despite some weak municipal balance sheets. Not anymore — a clampdown on ...

  Bloomberg Australia would block any attempt to move BHP Billiton Ltd.’s main sharemarket listing to the UK as proposed by New York-based activist investor Elliott Management Corp., Treasurer Scott Morrison said. “It is unthinkable that any Australian government could allow this original Big Australian to head offshore,” Morrison said in a statement. If BHP implemented Elliott’s proposals, “it may ...

  Bloomberg A surging rupee, rising currency reserves and a comfortable current-account gap could see India’s central bank consider relaxing rules on outward investments, paving the way for domestic companies to step up their shopping abroad, especially in Latin America and Africa. An uptick in overseas acquisitions would help keep a lid on the rupee, which is among the top ...