News

  Dubai / AFP The International Monetary Fund on Tuesday raised its 2016 growth forecast for the Middle East and North Africa after a rebound in oil prices, but maintained its cautious outlook for Saudi Arabia. The region, along with Afghanistan and Pakistan, is set to see economic growth of 3.4 percent this year, better than a previous projection of ...

  DUBAI / WAM MAF Global Securities on Tuesday listed a conventional bond valued at US$ 300 million on Nasdaq Dubai. It was the third conventional bond to be listed on the exchange by MAF Global Securities, part of the Majid Al Futtaim Holding group, following listings in July 2013 and May 2014 of 500 million US Dollars each. Hamed ...

  Abu Dhabi / WAM The Executive Committee at the Executive Council, headed by Saeed Eid Al Ghafli, Chairman of the Executive Office, approved during its meeting an array of development projects in collaboration with the private sector worth a total of AED 470 million, in addition to making a number of decisions and adopting vital projects in the Emirate. In ...

  Abu Dhabi / Emirates Business HE Sultan bin Saeed Al Mansouri, Minister of Economy, met with the Finnish Ambassador to the UAE, Rita Swan, at the Ministry’s headquarters in Dubai to discuss ways to strengthen bilateral relations at the economic and commercial levels. The two parties also supported the exchange of investments and more joint cooperation specifically in the ...

  Saudi Arabia / Emirates Business UAE-based DC Pro Engineering – a global leader in District Energy, Co-Generation, Tri-Generation and sustainability in Green Building MEP designs, has partnered with TAQNIA ENERGY(TE), a subsidiary of the Saudi Technology Development and Investment Company as part of its Saudi Arabia growth strategy; ‘Saudi 50’. The exclusive agreement between the two entities marks a ...

  Dubai / WAM Dubai Electricity and Water Authority, DEWA, won three Golden Globe Tigers Awards in Sustainability Leadership. The awards are for Best Renewable Resources – Energy, Best Renewable Resources – Green Building, and Best Renewable Resources – Sustainable Transport, for the Green Charger initiative. DEWA received the awards in a special ceremony in Malaysia. The awards underline DEWA’s intensive ...

  Dubai / WAM The Emirates Post Group recently welcomed a delegation from Oman Post at its head office in Dubai and briefed them on best practices in postal operations and mail sorting systems. The delegation was welcomed by Acting CEO of Emirates Post Group, Abdullah Mohammed Al Ashram. The Oman Post delegation included CEO of Oman Post, Abdul Malik bin ...

  Brussels / WAM The 25th European Union-Gulf Cooperation Council Ministerial Meeting ended with a firm determination to expand and strengthen bilateral political, economic, cultural and social cooperation and relations. “In a challenging regional environment, the EU and GCC Ministers underlined the importance of further strengthening their ties, to serve as a solid and effective foundation for sustainable regional and international ...

  DUBAI / EMIRATES BUSINESS Dubai Land Department’s (DLD) Transactions Report, issued by Real Estate Research and Studies Department, announced that the total amount of real estate transactions recorded in the Emirate in the first six months of the current year reached a total of AED 113 billion, achieved through 28,251 sales, mortgages and other transactions. The report reveals that property ...

  Abu Dhabi / Emirates Business A UAE delegation headed by the Ministry of Economy is currently participating in the 14th United Nations Conference on Trade and Development (UNCTAD 14) which officially launched in the Kenyan capital of Nairobi under the theme ‘From decision to action: Moving towards an inclusive and equitable global economic environment for trade and development.’ The ...