News

  Reuters A joint venture of HaskoningDHV UK and Hyundai Engineering & Construction Co has been awarded a contract to design the infrastructure for the Ras Al Khair maritime yard in Saudi Arabia, a statement from the firms said on Tuesday. The duo, based in the Netherlands and South Korea, have been awarded the front-end engineering design contract, with the ...

  Abu Dhabi / WAM Abu Dhabi Securities Exchange, ADX, has climbed 0.12 percent in September to reach 4476 and become the second growing index in the GCC after Bahrain. The retail sector gained 6.15 percent, followed by telecommunications, 1.27 percent and the banking sector 0.67 percent. The services sector has declined by 7.94 percent, and the industry sector by ...

  DUBAI / WAM Emirates Airline and Google have launched the ‘Celebrating Arabic Reading’ initiative throughout October in a collaboration designed to reach millions of smartphone users in the region, and support the UAE’s Year of Reading, a national move spearheaded by Vice President and Prime Minister and Ruler of Dubai His Highness Sheikh Mohammed bin Rashid Al Maktoum. The ...

  Dubai / Emirates Business World energy leaders, government officials, decision makers, and more than 100,000 oil and gas trade professionals from 125 countries are gearing up to attend the world’s most influential event for the oil and gas industry, the Abu Dhabi International Petroleum Exhibition and Conference (ADIPEC 2016). Preparations are underway as the UAE capital prepares to welcome ...

  Dubai / WAM The Roads and Transport Authority (RTA), has officially awarded an AED10.6 billion contract of Route 2020 Project to Expolink, a consortium of French, Spanish and Turkish companies. The contract covers the extension of the Red Line of Dubai Metro of 15kms from Nakheel Harbour and Tower Station to the site of Expo 2020 Dubai, as well as ...

  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 ...

  Abu Dhabi / Emirates Business Abu Dhabi e-Government, through the participation of 21 government entities, is preparing to showcase its array of digital achievements and innovations at the GITEX Technology Week 2016 that will be held at the Dubai World Trade Centre (DWTC), from October 16-20. Abu Dhabi e-Government’s fifth consecutive participation at GITEX is organised by Abu Dhabi ...

  Sharjah / WAM Sharjah Asset Management (SAM), the investment arm of the Government of Sharjah, and Apleona (formerly Bilfinger Facility Management and Building Services), today signed a joint venture agreement for a new world class facilities management company. The joint venture, facilitated by Waleed Al Sayegh, CEO of SAM, and Dr. Gert Riegel, COO of Apleona Facility Management, Frankfurt, is ...

  Dubai / WAM The United Kingdom-based fDi magazine has recognised Jebel Ali Free Zone (Jafza), Dubai, the flagship trade and logistics hub of the United Arab Emirates (UAE), for the wider Middle East region and Africa, as ‘Free Zone of the Year’ in three categories. Among the awards, Jafza won was ‘Free Zone of the Year, Large Tenant, and Middle ...

  Abu Dhabi / Emirates Business HE Obaid Humaid Al Tayer, Minister of State for Financial Affairs, headed the Arab Group at the International Monetary and Financial Committee (IMFC) meetings and the Arab Group’s coordination meetings. The meetings took place alongside the 34th annual meetings of the International Monetary Fund (IMF) and the World Bank Group (WBG) in Washington DC. ...