News

  Dubai / Emirates Business Eng. Sultan bin Saeed Al Mansouri, Minister of Economy, called for stronger cooperation between the UAE and Kazakhstan in the areas of information systems, innovation, and smart cities during his meeting with Kazakh Minister of Information and Communications, Dauren Abayev. Their discussions revolved around the creation of joint mechanisms for facilitating cooperation and exchange of ...

  Abu Dhabi / Emirates Business Abu Dhabi Tourism & Culture Authority (TCA Abu Dhabi) has won top honours at the ‘Best Mobile Government Service Awards’ at the World Government Summit Awards for the new, improved version of its Visit Abu Dhabi mobile application. The latest Visit Abu Dhabi app version, which allows users to gain instant access to all ...

  Abu Dhabi / Emirates Business The region’s inaugural conference, Middle East Sulphur 2017, organised by CRU, took place this week in the Capital to highlight the rapidly increasing importance of the commodity. The conference, sponsored by Abu Dhabi National Oil Company (ADNOC), ran over four days from the February 12-16 at Jumeirah Hotel Etihad Towers, and offered a full ...

Dubai / Emirates Business The Dubai Land Department (DLD) announced the launch of its Unified Lease Form, contracts which will become a mandatory procedure starting March 2017. In line with DLD’s aim to create a transparent and professional real estate market with measurable standards, the new form has been designed to regulate relationships between all parties involved in real estate ...

  Abu Dhabi / Emirates Business Organised by Abu Dhabi Tourism & Culture Authority (TCA Abu Dhabi), the second edition of Mother of the Nation Festival is set to kick off on Abu Dhabi Corniche from March 26 to April 4, offering a diverse range of experiences through more than 100 activities, performances, and workshops. The festival which attracted more ...

  Emirates Business Leading UAE business support services provider Transguard Group extended its partnership agreement with Gunnebo, a leading global provider of retail cash management solutions. The two companies have been offering a joint market proposition since 2014, which combines automated cash handling processes with transportation, storage and counting services. Transguard’s successful arrangement with Gunnebo not only covers front and ...

  Bloomberg President Donald Trump has overturned an Obama-era anti-corruption rule that would have forced oil, gas and mining companies to disclose payments to foreign governments, becoming the first president in 16 years to take advantage of a law that allows him to rescind a predecessor’s regulations. Trump signed a congressional resolution to repeal a Securities and Exchange Commission disclosure ...

  Bloomberg Eni SpA will start producing from the giant Zohr natural gas field off Egypt’s Mediterranean coast by the end of 2017 and plans to invest $10 billion in the North African country over the next five years, Chief Executive Officer Claudio Descalzi said. Production plans for Zohr are on schedule, and Egypt will be Eni’s top country for ...

  Bloomberg OPEC may be getting all the credit for reviving the oil market, but it had a little help. While the Organization of Petroleum Exporting Countries did spur a 28 percent recovery late last year by announcing production cuts, supply isn’t the only factor buoying the market: demand repeatedly beat expectations in 2016, and is set to surprise again. ...

  Bloomberg SoftBank Group Corp. is buying alternative-asset manager Fortress Investment Group LLC for $3.3 billion in cash to operate alongside the Japanese company’s soon-to-be-established technology investment fund. Japan’s SoftBank will pay $8.08 a share for New York-based Fortress, a 39 percent premium to the company’s February 13 closing price, according to a statement. Fortress principals Pete Briger, Wes Edens ...