News

  Abu Dhabi / WAM The Ministry of Finance (MoF) in collaboration with The Word Bank Group (WBG) organised a workshop on Sunday in Dubai on the importance of private-public sector partnerships and adopting performance-based contracts between the sectors. The workshop comes in line with the ministry’s strategy to benefit from international experiences and introduce the UAE’s government entities to the ...

  Abu Dhabi / WAM The Abu Dhabi Executive Committee at the Executive Council, headed by Jassim Mohammad Buatabah Al Zaabi, Chairman of the Committee, approved several projects in the Emirate of Abu Dhabi as part of the Abu Dhabi Plan with a projected value of AED235 million. The Executive Committee approved a project to develop the Sheikh Zayed bin Sultan ...

  Abu Dhabi / WAM ADNOC Distribution hosted an event to honour the winners of its ‘Oasis of Surprises’ promotional campaign, which gave customers of ADNOC Oasis convenience stores a chance to win a total of 295 prizes worth AED1 million. The company conducted the second and final draw of the campaign at the end of February. Saeed Mubarak Al Rashdi, ...

  DUBAI / Emirates Business The Dubai Chamber of Commerce and Industry recently concluded a successful trade mission to India which was organised to facilitate economic cooperation and explore trade and investment opportunities in the country. The trade mission, part of the Chamber’s Global Business Forum roadshow, was joined by dignitaries, officials and businessmen, who visited Mumbai and Ahmedabad, and ...

  Abu Dhabi / Emirates Business Emirates Classification Society ‘Tasneef’ recently showcased its key 2017 first quarter achievements at the Naval Defence Exhibition and Conference 2017 ‘NAVDEX’ in Abu Dhabi. The event also provided the opportunity for Tasneef to establish strategic partnerships with similar organisations exhibit its projects and connect with customers. Tasneef made significant headway strengthening its industry relationships ...

  Bloomberg Like generations before him, the only light Jurdar Thingya has at night in his one-room mud hut in India’s Maharashtra state comes from a small wood fire on the floor. A broken solar panel is all that the 35-year-old farmer has to remind him of the government’s promise to bring electricity to all of India’s villages. Bhamana, population ...

  Bloomberg Anil Agarwal, an Indian mining billionaire, plans to buy as much as 2 billion pounds ($2.4 billion) of Anglo American Plc shares in the market after a merger proposal failed last year. The full stake would equate to about 13 percent of Anglo’s stock, making Agarwal the second-largest shareholder after South Africa’s Public Investment Corp. It will give ...

  AP As spring crocus blooms approach, some growers have visions of a fall-flowering crocus that produces saffron, the world’s most valuable spice. University of Vermont researchers have been raising the exotic spice now grown primarily in Iran and are encouraging growers to tap into what they hope will be a cash crop. It’s not a hard sell, particularly in ...

  Bloomberg Governments need to do more to create growth that benefits everyone, and the US should spend more on roads, highways, bridges and airports, the Organization for Economic Cooperation and Development said. The body, which includes the world’s better-off countries, said in a report that governments should focus on providing better access to high-quality education and supporting employment for ...

  Bloomberg Ezra Holdings Ltd., a Singapore-listed oilfield services group, filed for bankruptcy in the US after weeks of facing hostile actions from creditors at home and abroad as it struggles to recover from a slump in oil prices over the past three years. The company filed voluntary petitions for reorganization under Chapter 11 of the US Bankruptcy Code, according ...