News

  AFP European Commission chief Jean-Claude Juncker said he looked to Belgium on Wednesday to overcome internal disputes and seal a landmark EU-Canada trade deal. Belgium’s federal and regional leaders meanwhile held a short new round of talks in Brussels in a bid to break the deadlock on the eve of a still hoped-for signing summit with Canadian Prime Minister ...

  Paris / AFP French carmaker PSA on Wednesday blamed falling demand in Europe and China, as well as exchange rate movements, in posting a drop in third-quarter sales. PSA, the second largest car manufacturer in Europe and behind the Peugeot, Citroen and DS brands, said sales came in at 11.4 billion euros ($12.4 billion) for the quarter, down 8 ...

  ABU DHABI / Reuters Billionaire Mohamed Alabbar, one of Dubai’s most prominent businessmen, plans a phone messaging service for the Middle East that aims to compete with services such as WhatsApp. Alabbar, who made his fortune as the chairman of Dubai’s largest listed property developer, Emaar Properties, has been moving into other areas, in particular technology. Asked on the ...

  DUBAI / WAM As part of its efforts to attract foreign investments to Dubai, the Dubai Chamber of Commerce and Industry (DCCI) is participating as an official partner in the Dubai Week in China: Shanghai, running from October 27-29. The three-day event, being held for the second year, will put the spotlight on Dubai-China ties and celebrate a dynamic ...

  DUBAI / WAM The UAE’s financial institutions participating at the United Nations Environment Programme (UNEP) Finance Initiative’s 14th Global Roundtable, signed the Dubai Declaration on Sustainable Financing. With the signing of the declaration they have also confirmed their support for the UAE Vision 2021, and for transforming the national economy to a green economy in accordance with the UAE ...

  Abu Dhabi / WAM HE Engineer Sultan bin Saeed Al Mansoori, Minister of Economy, recently met with Elena Kontoura, Greek Minister of Tourism. The meeting saw the discussion of how to reinforce more cooperation for the tourism industry of the UAE and Greece—especially in the exploration of potential investment opportunities and the creation of joint ventures to help bolster ...

  DUBAI / Emirates Business The maritime sector significantly improved its contributions to the Emirate of Dubai’s GDP in 2015, accounting for AED 26.9 billion, or 7 percent of the total. Shipping had the largest share, followed by ports, maritime engineering, and maritime support services. The latest numbers reflect the increasing contribution of the maritime sector to the local economy ...

  ABU DHABI / WAM His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, said that the UAE, under the leadership of President His Highness Sheikh Khalifa bin Zayed Al Nahyan, is working firmly with determination and consistency in achieving the future national vision and aspirations of ...

  Dubai / WAM Strong efforts in the field of smart solutions are required to accelerate the implementation of the goals of UAE Vision 2021, Vice President and Prime Minster and Ruler of Dubai, His Highness Sheikh Mohammed bin Rashid Al Maktoum, has said. He added that the best smart technologies should be implemented across all sectors, especially the construction industry. ...

  Abu Dhabi / WAM Emirates Global Aluminium’s (EGA) Al Taweelah smelter is starting deliveries of molten liquid metal to its customers at Khalifa Industrial Zone Abu Dhabi (Kizad) via a dedicated Hot Metal Road – the first in the UAE to link separate industrial sites. The inaugural hot metal customer is Ducab Aluminium Company, which produces aluminium electrical cables. Receiving ...