News

  ABU DHABI / WAM President His Highness Sheikh Khalifa bin Zayed Al Nahyan sent a congratulatory cable to Shri Pranab Mukherjee, President of India, on the occasion of his country’s Independence Day. Vice President and Prime Minister and Ruler of Dubai, His Highness Sheikh Mohammed bin Rashid Al Maktoum, and His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown ...

  RAS AL KHAIMAH / WAM Ras Al Khaimah Free Trade Zone (RAK FTZ) and Ras Al Khaimah Investment Authority (RAKIA) have opened submissions for the third RAK Free Zones Business Excellence Awards, set to take place on January 19, 2017. With the commitment to expanding competition and involving more industries, this year’s awards programme will also include the businesses ...

  Abu Dhabi / Emirates Business The UAE showed a significant improvement in its innovation standing on the 2016 Global Innovation Index which was officially launched today at a press conference held at the European headquarters of the United Nations in Geneva, Switzerland. The UAE ranked first among Arab countries and 41st worldwide in terms of overall performance on the ...

  SHARJAH / WAM Sharjah Chamber of Commerce and Industry (SCCI) is allocating 50 new offices, which are fully equipped with facilities and part of the chamber’s Incubate Business Programme recently-launched by Sharjah Economic Excellence Network “ShjSEEN.” The plan aims at providing an inspiring environment for business entrepreneurs, who possess creative ideas and innovative projects to be executed in the UAE, ...

  Abu Dhabi / WAM The Emirates Red Crescent (ERC) is implementing a relief programme to assist people affected people by the floods and rains in Sudan as per the directives of H.H. Sheikh Hamdan bin Zayed Al Nahyan, Ruler’s Representative in the Western Region and chairman of the foundation. The UAE delegation left the country today heading for Khartoum to ...

  Abu Dhabi / Emirates Business The Ministry of Health and Prevention (MOHAP) warned the public about the proliferation of false and unfounded information of certain medicines that are currently being widely disseminated across various social media channels like Facebook, and Twitter. His Excellency (H.E.) Dr. Amin Hussain Al Amiri, Assistant Undersecretary for Medical Practice and Licensing Sector, MOHAP, has ...

  Washington / Bloomberg Treasuries are falling behind corporate bonds in a reversal from last year, as the US economy shows signs of improvement and oil prices stabilize following a rout. Investors are willing to accept as little as 216 basis points of extra yield to buy company debt instead of Treasuries, the smallest spread in more than a year, ...

  Berlin / Bloomberg The 1.6 billion-euro ($1.8 billion) Merkur offshore wind project in the German North Sea reached financial close with funding from European and US investors. Switzerland-based Partners Group Holding AG invested 250 million euros for 50 percent of the project, according to a statement on Friday. InfraRed Capital Partners Ltd.’s Infrastructure Fund III committed took a 25 ...

  Bloomberg The ruble advanced the most in emerging markets and the cost of insuring Russian debt against default dropped as calls for an easing of tensions in Crimea allowed investors to focus on the rally in oil. The currency climbed 0.7 percent as Germany said it’s suggesting ways to address a renewed confrontation between Russia and Ukraine. The advance ...

  Bloomberg Speculators are the most bearish on the pound since records began as they await data that will give the clearest picture yet of the effects of Britain’s decision to leave the European Union. Sterling touched a one-month low versus the dollar before reports this week on July inflation, retail sales and jobless claims, which are forecast to show ...