News

  Bloomberg Unlike many pension investors, Sweden’s 300 billion-krona ($34 billion) AP7 fund, can to a large extent stay away from the bond markets. It’s manager, Richard Grottheim, is remarkably positive. As political risk mounts in Europe and the U.S., and as central banks are greasing financial markets with ever more free cash, Grottheim says it will likely all work ...

  ABU DHABI / WAM HE Obaid Humaid Al Tayer, Minister of State for Financial Affairs and his delegation, met with Pierre Gramegna, Luxembourg Finance Minister as part of a series of bilateral talks held in Washington, alongside the 34th annual meetings of the International Monetary Fund (IMF) and the World Bank Group (WBG). Al Tayer and Gramegna discussed mutual ...

  DUBAI / WAM The Sheikh Zayed Housing Programme announced that it would build a 729-house project in the emirate of Ajman, the largest residential complex the programme has carried out since its inception in 1999. “The housing project is to be implemented based upon the leadership’s directives to provide houses to citizens, so as to enjoy social stability. The ...

  ABU DHABI / WAM A high level delegation from the United Arab Emirates (UAE), headed by Suhail bin Mohammed Faraj Faris Al Mazrouei, Minister of Energy, will take part in the World Energy Congress (WEC 2016), which will open in Istanbul on Sunday. The UAE delegation will have representatives from the Ministry of Energy, Abu Dhabi Water and Electricity ...

  GENEVA / WAM The Ministry of Economy has recently signed a strategic new Memorandum of Understanding (MoU) with the Korean Intellectual Property Office (KIPO) to further promote and protect intellectual property in the UAE. The MoU was signed by Mohammed Ahmed Bin Abdul Aziz Al Shehhi, Undersecretary for Economic Affairs and Choi Donggyou, Commissioner, KIPO on the sidelines of ...

  HARTFORD / WAM The UAE is the largest trading partner to the US in the Middle East region, and the state of Connecticut is integral to this economic partnership, Consul-General of the United Arab Emirates in New York has said. “In 2015, the state exported more than US$1.6 billion in merchandise to the UAE, making it the UAE’s sixth ...

  WASHINGTON DC / WAM The UAE participated in the third US-Gulf Public-Private Banking Dialogue on correspondent banking, hosted by the U.S. Department of the Treasury in Washington DC on Thursday. UAE officials discussed issues linked to the behavior of international US dollar clearing banks in reducing risks, with an ultimate objective of maintaining accounts of GCC banks and exchange ...

  Dubai / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of UAE and Ruler of Dubai, launched a global initiative to encourage tolerance, and to honour champions of tolerance throughout the world. The ‘Sheikh Mohammed bin Rashid Award for Tolerance’ will lay the foundation for developing young Arab leaders in the field of tolerance and ...

  Sharjah / Emirates Business The Sharjah Chamber of Commerce and Industry (SCCI) has finalized preparations for the GITEX Technology Week 2016, which is taking place between October 16-20 at the Dubai World Trade Center. SCCI’s participation comes as part of the Government of Sharjah’s integrated platform, where the government will feature the latest innovative solutions and technologies, aimed at ...

  Dubai / Emirates Business The Real Estate Regulatory Agency (RERA), the regulatory arm of Dubai Land Department (DLD), announced that it has established a programme of ongoing field visits to real estate development projects that are built in different locations across Dubai. The new programme was developed by a dedicated team to ensure the quality of Dubai’s services and facilities, ...