News

  Dubai / WAM Vice President and Prime Minister of UAE and Ruler of Dubai, His Highness Sheikh Mohammed bin Rashid Al Maktoum, received Gaston Browne, the visiting Prime Minister of Antigua and Barbuda, and his accompanying delegation. HH Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and HH Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, Deputy ...

  Abu Dhabi / WAM The Ministry of Finance (MoF), will showcase a range of new and highly developed electronic and smart services at the 36th GITEX Technology Week under the federal e-government stand, at the Dubai World Trade Centre from October 16-20. The MoF’s participation reflects its commitment towards smart and electronic services, and to strengthen communication channels with customers. ...

  Dubai / WAM Noor Awqaf, a joint venture between Noor Investment Group (NIG) and Awqaf and Minors Affairs Foundation (AMAF) was honoured as winner of the “Waqf and Endowments” category at the 2016 Islamic Economy Awards. Tayeb Abdulrahman Al-Rais, Secretary-General of the Awqaf and Minors Affairs Foundation, received the award on behalf of Noor Awqaf. Speaking about the win, Ehsaan Ahmed, ...

  Sharjah / WAM More than 1.5 million books from 1,420 publishing houses in 60 countries will be on display throughout the 11 days of this year’s Sharjah International Book Fair (SIBF). The details of the 35th edition of the region’s foremost literary event and the world’s third largest book fair, which takes place from November 2-12 in Sharjah, were revealed ...

  Dubai / Emirates Business DAMAC Properties on Monday announced the new release of units in DAMAC Maison Privé, waterfront hotel apartments in the Burj area with direct views of Business Bay’s marina. The leading luxury real estate developer is providing the opportunity for investors to own a luxury hotel apartment with superior services, presenting both an ideal vacation home ...

  Dubai / Emirates Business CMCS, the leading in Project Management Information Systems, has announced that Dubai Parks and Resorts, the region’s largest integrated theme park destination, has deployed its PMWeb web-based project control system. The solution is a part of CMCS’ Project Management Information Solution Practice that offers organizations a single platform to manage, control and report on their ...

  Seoul / AFP Samsung on Tuesday suspended all production of its Galaxy Note 7 smartphone, halted sales worldwide and told customers to stop using the device, following reports that replacements for combustible models were also catching fire. The South Korean company’s latest efforts to contain a snowballing recall crisis that threatens to derail the powerhouse global brand came as ...

  Beijing / AFP China’s undead army of zombie corporations will not qualify for debt-for-equity swaps, the government said, as Beijing tries to curb the risks of ballooning corporate debt. New guidelines posted on the website of the State Council, China’s cabinet, sought to offer some clarity to long-discussed but hazy plans to reduce debt by letting lenders swap bad ...

  Bloomberg Jera Co., a venture between two of Japan’s biggest power utilities, agreed to acquire EDF Trading Ltd.’s coal-trading business as part of a push to lower fuel costs and expand its overseas business. The Tokyo Electric Power Co. Holdings Inc. and Chubu Electric Power Co. venture signed a non-binding agreement to buy all of EDF Trading Australia Pty, ...

  BLOOMBERG Ssangyong Motor Co., the South Korean SUV maker, is exploring a joint venture in China with Shaanxi Automobile Group Co. to produce vehicles in the world’s largest auto market. Ssangyong signed a letter of intent with Xi’an-based Shaanxi Auto to study a possible joint venture and local production plant, the Pyeongtaek, South Korea-based automaker said in a statement. ...