News

  Abu Dhabi / Emirates Business Abu Dhabi e-Government, through the participation of 21 government entities, is preparing to showcase its array of digital achievements and innovations at the GITEX Technology Week 2016 that will be held at the Dubai World Trade Centre (DWTC), from October 16-20. Abu Dhabi e-Government’s fifth consecutive participation at GITEX is organised by Abu Dhabi ...

  Sharjah / WAM Sharjah Asset Management (SAM), the investment arm of the Government of Sharjah, and Apleona (formerly Bilfinger Facility Management and Building Services), today signed a joint venture agreement for a new world class facilities management company. The joint venture, facilitated by Waleed Al Sayegh, CEO of SAM, and Dr. Gert Riegel, COO of Apleona Facility Management, Frankfurt, is ...

  Dubai / WAM The United Kingdom-based fDi magazine has recognised Jebel Ali Free Zone (Jafza), Dubai, the flagship trade and logistics hub of the United Arab Emirates (UAE), for the wider Middle East region and Africa, as ‘Free Zone of the Year’ in three categories. Among the awards, Jafza won was ‘Free Zone of the Year, Large Tenant, and Middle ...

  Abu Dhabi / Emirates Business HE Obaid Humaid Al Tayer, Minister of State for Financial Affairs, headed the Arab Group at the International Monetary and Financial Committee (IMFC) meetings and the Arab Group’s coordination meetings. The meetings took place alongside the 34th annual meetings of the International Monetary Fund (IMF) and the World Bank Group (WBG) in Washington DC. ...

  Dubai / WAM The Energy Demand Side Management Executive Committee of the Dubai Supreme Council of Energy has been advised that savings in energy are expected to be about 5 percent and in water around 3.5 percent by the end of this year. The meeting was also told that savings achieved during 2015, and over the last 5 years, have ...

  Dubai / WAM The Emirates Foundation launched the first nationwide Kafa’at Internship Fair, 2016, to connect Emiratis with top employers across the UAE and opening up a variety of internship opportunities that align with their career ambitions. Under the patronage of Sheikh Abdullah bin Zayed Al Nahyan, Minister of Foreign Affairs and International Cooperation and Chairman of Emirates Foundation, and ...

  DUBAI/ Reuters Kuwait has delayed a sovereign bond issue of up to $10 billion until next year after deciding it is in no rush to raise funds overseas, bankers familiar with Kuwaiti debt policy said. Finance Minister Anas al-Saleh said in July the government planned to sell as much as $10 billion of U.S. dollar-denominated conventional and Islamic bonds ...

  Doha / Reuters Qatari banks Masraf Al Rayan and Doha Bank plan to launch the Gulf state’s first exchange-traded funds (ETFs) by the end of 2016, a move that should boost capital flows into the local stock market, a bourse official said. The launch of ETFs – portfolios of stocks that track an index – could boost a market ...

  Bloomberg UK government proposals to make companies list their foreign workers would harm the economy because they are “anti-business and dangerously naive,” more than 100 leaders of small and medium-sized businesses said in a letter to the Daily Telegraph newspaper. “The ability to hire both British and non-British people has historically helped business grow by bringing in varied skills ...

  Bloomberg European Union policy makers aren’t attempting to read anything into signals sent by Theresa May and the rest of the U.K. government on Britain’s future relationship with the bloc and are just waiting for an official communication, an EU Commission vice president said. “The European Commission will probably not be interpreting the U.K. government,” Valdis Dombrovskis said in ...