News

  Bloomberg Hong Kong Chief Executive Leung Chun-ying is taking additional steps to cool the world’s costliest property market, where prices have rebounded after a short-lived dip. The government raised the stamp duty to 15 percent for all residential purchases except for first-time buyers who are permanent residents. Until now, the highest levy for residents was 8.5 percent, while foreigners ...

  Abu Dhabi / EMIRATES BUSINESS Twenty of the world’s leading oil industry chief executives gather in Abu Dhabi on Sunday to discuss the new energy landscape and different models for partnerships across the industry. The senior executives, representing the world’s biggest oil companies from across the globe, have been invited to the Abu Dhabi CEO Roundtable by HE Dr ...

  LONDON / WAM Ten of the world’s biggest oil companies plan to invest an average of $100 million annually over the next 10 years in low-carbon technologies, the companies. The Oil and Gas Climate Initiative (OGCI), which also includes Saudi Aramco, Total , BP , Eni , Repsol , Statoil , CNPC, Pemex [PEMX.UL] and Reliance Industries , launched the ...

  ABU DHBAI / WAM Dr Ahmad bin Abdulla Humaid Belhoul Al Falasi, UAE Minister of State for Higher Education, on Saturday inaugurated the Fourth Arab-American Frontiers of Science, Engineering and Medicine Symposium at the Masdar Institute of Science and Technology’s campus in Abu Dhabi. The symposium runs until 7th of November and is hosted by Masdar Institute and the US ...

  Dubai / EMIRATES BUSINESS The UAE made a noticeable surge in the Legatum Prosperity Index, thanks to its impressive performance in many areas, including health and wellbeing. “True prosperity is as much about wellbeing as wealth and the UAE is the best in the region at delivering it,” said a report published recently by Legatum Institute, an international think ...

  ABU DHABI / WAM The European Union (EU) is among the UAE’s largest trading partners where non-oil trade between the country and the regional bloc stood at more than US$65 billion in 2015, up from $10.2 in 1999, including trade via free zones, Assistant Under-Secretary for Foreign Trade Affairs at the UAE Ministry of Economy Juma Mohammed Al Kait ...

  Abu Dhabi / EMIRATES BUSINESS The first commercial-scale carbon capture, utilisation & storage (CCUS) facility in the Middle East & North Africa (MENA) became operational in the UAE on Saturday. It aims to sequester up to 800,000 metric tons of carbon dioxide (COâ‚‚) per year, it was announced. Developed by Abu Dhabi’s Carbon Capture Company Al Reyadah, a joint ...

  Sharjah / Emirates Business Sharjah Commerce and Tourism Development Authority (SCDTA) will continue to build stronger ties in the European markets through its participation in the World Travel Market (WTM) 2016. Being held in London from November 7-9, the World Travel Market is the leading event for the travel and tourism industry globally. The UK remains a key opportunity for ...

  Abu Dhabi / Emirates Business Abu Dhabi Tourism & Culture Authority (TCA Abu Dhabi) is spearheading a delegation to World Travel Market (WTM) in London, UK from November 7-9 to promote the emirate as a destination of distinction in conjunction with a new global destination campaign which was launched last week. Joining the Authority at the leading global event ...

  Dubai / Emirates Business The Mohammed bin Rashid Space Centre (MBRSC) has participated in the World Space Risk Forum (WSRF) 2016, the global event that brings together a large number of international experts and specialists in the field of space industry from around the world. During the opening session, the forum rewarded MBRSC with the Inspiration Award, as Salem ...