News

Bloomberg Treasury 30-year bond returns pushed past 10 percent for 2016 as the U.S. prepares to sell $15 billion of the securities on Thursday. The long bonds yield 2.60 percent, more than any other benchmark maturity in the U.S., the U.K., Germany or Japan. Thirty-year debt is leading a rally in Treasuries as traders push back bets for when the ...

  RIYADH / WAM The UAE has participated in the 26th meeting of the GCC Ministerial Committee for Planning and Development held today in Riyadh. In the meeting the ways to enhance integration and co-ordination in the planning and development fields among GCC member states were discussed. The participants also discussed a number of issues related to joint work and ...

ABU DHABI / EMIRATES BUSINESS Abu Dhabi National Insurance Company (ADNIC) announced on Wednesday its financial results for the first quarter, ended March 31. The Company reported a net profit of AED 39 million for this period, a growth of 670% over the same period of last year. The Company’s net investment income contributed 22.5 million towards the bottom-line profit ...

  Dubai / WAM HH Sheikh Mansour bin Mohammed bin Rashid Al Maktoum, Chairman of the Dubai International Marine Club (DIMC) has honoured the top performers in the fourth ‘Consumer Friendliness Index’ of the Department of Economic Development (DED) in Dubai at a special ceremony held on Wednesday. Retailers from seven sectors were honoured along with LuLu Hypermarket and Alshaya Group, ...

  Sharjah / Emirates Business Expo Centre Sharjah, which is spread across 128,000 square metres and houses high-tech exhibition facilities, successfully held a fire and emergency evacuation drill on Wednesday. The drill was aimed at assessing the preparedness and efficiency of the security and safety systems at Expo Centre Sharjah, given that the facility regularly hosts thousands of exhibitors, visitors ...

  Abu Dhabi / WAM The UAE’s Federal Authority for Nuclear Regulation (FANR) on Wednesday hosted a seminar to discuss the 2011 nuclear accident at Japan’s Fukushima Daiichi Nuclear Power Station and the steps taken by the UAE entities to prevent a similar event from happening at the Barakah Nuclear Power Plant, now under construction in the Western Region of Abu ...

  Abu Dhabi / Emirates Business Al Masaood Automobiles, the exclusive distributor of Infiniti in Abu Dhabi and Al Ain, unveiled the two new Infiniti premium crossovers at an exclusive VIP event in Abu Dhabi. The Infiniti QX60 and QX50 were unveiled at the IREDI (Infiniti Retail Environment Design Initiative) Infiniti Centre at Landmark Tower to more than 80 VIP ...

  KATHMANDU / WAM Bidhya Devi Bhandari, President of Nepal, received HH Sheikh Abdullah bin Zayed Al Nahyan, Minister of Foreign Affairs and International Cooperation, in Nepal’s capital, Kathmandu. During the meeting, Sheikh Abdullah conveyed the regards of President His Highness Sheikh Khalifa bin Zayed Al Nahyan to the President of Nepal, wishing her good health and happiness, and more ...

  DUBAI / WAM HH Sheikh Ahmed bin Saeed Al Maktoum, Chairman of the Dubai Supreme Council of Energy has chaired the 40th meeting of the council at its headquarters. Saeed Mohammed Al Tayer, Vice Chairman of the Supreme Council of Energy, attended the meeting. The meeting was also attended by Ahmed Buti Al Muhairbi, Secretary General of the Supreme ...

  DUBAI / WAM Dubai Customs is finely aligned with the wise call of HH President Sheikh Khalifa bin Zayed Al Nahyan, in declaring this year as the year of reading. Consequently, Dubai Customs launched a series of activities and initiatives in pace with this astute endeavour including the recent “Suggest a Book” undertaking, aimed at encouraging reading as a ...