News

  Dubai / WAM Mattar Al Tayer, Director General and Chairman of the Board of Executive Directors of Roads and Transport Authority (RTA), has announced that the RTA had accomplished 29 initiatives as part of the Smart City project. This number includes 7 additional initiatives to the roadmap announced by RTA at the time of releasing the Smart City in March ...

  Sharjah / WAM The Sharjah Commerce and Tourism Development Authority (SCTDA) participated in the Outbound Travel Mart (OTM) Mumbai 2017 travel trade show. The exhibition, one of the largest travel and tourism shows in India, attracted a large number of participants from the tourism and travel industry from the region and the world. Khalid Jasim Al Midfa, Chairman of SCTDA, ...

  Dubai / WAM The 25th Annual Middle East Petroleum & Gas Conference (MPGC 2017) will convene under the theme “The Turbulent Path to an Oil Market Recovery: The Challenge of Reaching a Balanced and Sustainable Price,” providing the framework of opportunities for the oil and gas markets despite the turbulence as well as the new and ongoing strategies for the ...

  Dubai / Emirates Business MAG 5 Property Development (MAG 5 PD), the leading property developer of luxury mid-range developments and pioneering affordable housing initiatives, launched MAG 5; the third phase of its MAG 5 Boulevard community. The launch of MAG 5 comes in response to increasing investor demand for studios and both one and two bedroom apartments at the ...

  ABU DHABI / Emirates Business The UAE won an award for best pavilion at Outbound Travel Mart (OTM) 2017, the latest edition of India’s biggest travel trade show held recently in the city of Mumbai. The pavilion organized under the theme ‘Visit UAE’ scored the highest marks for decoration and design. The UAE delegation to this year’s OTM included representatives ...

  Dubai / Emirates Business For the fifth year in a row, and with consistently-increasing scores, Ducab, the leading cable manufacturing company owned equally by Investment Corporation Dubai (ICD) and Abu Dhabi’s Senaat, has been awarded the Dubai Chamber CSR Label, with a high score of 84 percent in recognition of initiatives and communications around Corporate Social Responsibility (CSR). The ...

  Dubai / Emirates Business Dubai-headquartered hospitality company, TIME Hotels, added a fourth TIME Residence to its expanding UAE portfolio of serviced apartments, by launching the first of two properties in Ajman, Palm 1 TIME Residence. Launching in March 2017, the property will host 16 apartments for long-stay guests, each with state-of-the-art interior features and fittings and a range of ...

  Bloomberg Qatar Petroleum plans to merge two petrochemical units in its latest consolidation of businesses, as the world’s fourth-biggest oil and natural gas producer seeks to trim costs in its domestic operations and expand internationally. The state-run company will fold the operations of Qatar Vinyl Co., part of Mesaieed Petrochemical Holding Co., into Qatar Petrochemical Co., a unit of ...

  Bloomberg India’s central government will transfer its stake in state-run refiner Hindustan Petroleum Corp. to the country’s biggest oil explorer as part of its plans to create an integrated oil company, The Economic Times newspaper reported, citing people it didn’t identify. The government of Prime Minister Narendra Modi will issue a proposal for approval by the country’s cabinet to ...

  Bloomberg Saudi Arabia is seeking ways to boost foreign investment in its bourse, almost two years after easing access to the one of the world’s most restricted exchanges. The Tadawul, as the market is known, will hold talks with companies already trading on other Gulf Cooperation Council exchanges for a cross-listing in the kingdom by 2018, Chief Executive Officer ...