News

  Bloomberg Shares in Vestas Wind Systems A/S plunged after US voters unexpectedly propelled Republican nominee Donald Trump to the presidency, sparking concern that the renewable- energy industry will face future political headwinds. The world’s biggest maker of wind turbines fell as much as 14 percent and traded 6.6 percent lower at 440.10 kroner as of 12:50 p.m. in Copenhagen. ...

  Bloomberg Poland’s central bank has its credibility increasingly on the line after gambling that economic growth is strong enough to commit to tightening as its next move. While the 10-member Monetary Policy Council kept its benchmark interest rate at a record low of 1.5 percent on Wednesday, in line with the predictions of all 30 analysts surveyed by Bloomberg, ...

  ABU DHABI / WAM The Abu Dhabi National Oil Company (ADNOC), in partnership with Occidental Petroleum, announced on Tuesday its intention to expand its Al Hosn facility, which will increase sour gas processing by 50 percent of existing capacity. The plant could become operational within the life span of ADNOC’s new five-year business plan, part of the company’s ‘2030 ...

  DUBAI / WAM Yuan Shengrui, Senior Executive Officer of the DIFC branch of China Construction Bank (CCB), on Tuesday rang the market-opening bell to celebrate the listing of a US$600 million Bond on Nasdaq Dubai, under the bank’s $6 billion medium term note programme. The CCB is one of China’s most prominent banks with a market capitalisation of $173.3 ...

DUBAI/ WAM National Bonds Corporation, National Bonds, renewed its partnership with du to support WiFi UAE, a country-wide initiative to provide WiFi access to the public, in line with the UAE Vision 2021. WiFi UAE currently covers Abu Dhabi, Dubai, Sharjah, Al Ain and Ras Al-Khaimah. It offers free internet access across Dubai Metro, Dubai Tram, Dubai International Financial Centre, ...

  LONDON / WAM The Ajman Tourism Development Department (ATDD) unveiled multi-million-Dollar tourism projects in the emirate, highlighting its status as a major tourism and investment destination for the UK market. Visitors and exhibitors at World Travel Market (WTM) in London, expressed their interests in the soon-to-open Oberoi Al Zorah luxury hotel. Also showcased was the 182-key hotel in Ajman ...

  Dubai / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister and Ruler of Dubai, received HRH Prince Charles, the Prince of Wales, at his palace in Zabeel on Tuesday afternoon. Sheikh Mohammed welcomed Prince Charles in the presence of HH Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, HH Sheikh ...

Dubai / WAM Reem bint Ibrahim Al Hashemi, Minister of State for International Cooperation and Director-General of the Dubai Expo 2020 Bureau, on Tuesday welcomed HRH The Prince of Wales to the Expo 2020 Dubai site. The Prince of Wales, an advocate of youth empowerment through his Prince’s Trust charity, met with many of Expo’s younger members of staff, and heard ...

  Dubai / Emirates Business It was a ‘ready, set, conserve’ morning, as Dubai’s Department of Tourism and Commerce Marketing (Dubai Tourism) hosted the Hospitality Sustainability Board Game, the inaugural activity of the Dubai Sustainable Tourism Initiative. Created specifically for the hotel industry, the game, held recently at Media One Hotel, engaged industry professionals from across the city, as they ...

  Sharjah / WAM The official hashtag for this year’s Sharjah International Book Fair (SIBF) #SIBF16, has received more than 700 million impressions during the first five days of the fair, with the tag becoming a popular trend through social media sites that include Facebook, Twitter, Instagram, and Snapchat. SIBF 2016’s total exposure using hashtag #SIBF16 over the course of the ...