News

  Bloomberg Google is going ahead with delayed plans to expand its London offices, saying it will build a 10-story building on the site in a move that the UK government called a vote of confidence in the country’s post-Brexit future. The company, the largest unit of Alphabet Inc., said it would be able to house as many as 7,000 ...

  Bloomberg The US has more gasoline than it knows what to do with. Exports have risen above imports for three consecutive weeks as recurring pipeline outages and higher production levels by refiners caused Gulf Coast inventories to grow. Typically a net importer of gasoline, the US has shipped a record amount of the motor fuel abroad and doesn’t show ...

  Brussels / AFP The EU unveiled plans on Wednesday to charge travellers five euros ($5.30) for security checks to get visa-free travel to Europe’s borderless Schengen area, and confirmed the fee would apply to post-Brexit Britain. The proposal is based on a US system and will allow EU countries to quickly cross check identity documents and other details from ...

  ABU DHABI / WAM Two of Abu Dhabi’s leading R&D institutions, Masdar Institute of Science and Technology and Khalifa University, have entered into a partnership with the Semiconductor Research Corporation (SRC) and GLOBALFOUNDRIES to develop the next generation of light-based data transmission (photonics) and wireless network standards (5G). The partnership is part of an innovative three-year program that will ...

  ABU DHABI / EMIRATES BUSINESS Under the patronage of His Highness Sheikh Mohammed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, Abu Dhabi will host the Global Manufacturing and Industrialisation Summit (GMIS) in March 2017. Organised by the UAE Ministry of Economy and co-hosted by the United Nations Industrial ...

  ABU DAHBI / WAM Mohammed Saif Al Suwaidi, Director-General of Abu Dhabi Fund for Development (ADFD), discussed with Serzh Sargsyan, President of Armenia, ADFD’s existing developmental ventures in Armenia. They also explored new schemes, projects and endeavours through which ADFD could support the government of Armenia in achieving the country’s developmental goals. ADFD and the government of Armenia enjoy ...

  ABU DAHBI / WAM Masdar Institute of Science and Technology and Global MVP, the R&D group supported by South Korea’s Ministry of Land, Infrastructure and Transportation (MoLIT) and the Korea Agency for Infrastructure Technology Advancement (KAIA), hosted the 9th International Desalination Workshop (IDW2016) in Abu Dhabi. The IDW 2016, which ran from November 13-15 , brought together water technology ...

  ABU DHABI / WAM The UAE Ministry of Energy announced on Tuesday that The Atlantic Council Global Energy Summit will be held in Abu Dhabi from January 12- 13, 2017. This flagship initiative, launched in partnership with the Ministry of Energy, will kick off the Abu Dhabi Sustainability Week, with the intention of setting the 2017 energy agenda in ...

  DUBAI / WAM Noor Bank successfully closed an AED850 million Syndicated Islamic Financing Facility for Ajman Bank. The two-year Sharia compliant facility will be utilised towards Ajman Bank’s future growth plans. Noor Bank, a leading Sharia compliant bank in the UAE, was mandated for the second time to act as the Initial Mandated Lead Arranger and Book-runner for this ...

  ABU DHABI / WAM The Board of Directors of the Central Bank of the UAE has reviewed the latest developments in the Transformation Programme aimed to achieve the bank’s objectives and develop the financial sector in the UAE, during its 10th meeting in 2016, under the chairmanship of Khalifa Mohammed Al Kindi, Chairman of the Board. During the meeting, ...