News

  Bloomberg Yamaha Motor Co plans to tap more green energy to drive production in India, the latest sign that renewable power could boost profit for industrial manufacturers. The Japanese motorcycle maker wants solar power to supply a quarter of energy needs at its northern Indian factories near Delhi, according to company executives. Yamaha motors wants to double capacity to ...

  ABU DHABI / WAM The Central Bank of the UAE announced that the Money Supply aggregate, M1, decreased by 1.6%, from AED 488.9 billion at the end of May 2016 to AED 481 billion at the end of June. The Money Supply aggregate M2 decreased by 0.5%, from AED 1186.4 billion at the end of May 2016 to AED ...

  Doha / WAM His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, and H.H. Sheikh Tamim bin Hamad Al Thani, the Emir of Qatar, have examined ways of promoting fraternal relations between the two countries and their brotherly peoples, as well as overall regional and international issues ...

  Abu Dhabi / WAM The Abu Dhabi Investment Authority (ADIA) on Wednesday published its 2015 ADIA Review, providing a thorough overview of its activities over the past year and the outlook for the year ahead. It includes a detailed analysis of market conditions across the many asset classes in which the authority invests and explains developments within each of its ...

  Dubai / WAM The Department of Economic Development (DED) in Dubai saw a substantial increase in the number of transactions related to business licenses as well as the number of licenses issued during the second quarter (Q2) of 2016. A total of 119,630 transactions were done during the period, which was 34.9 percent higher than 88,688 transactions carried out during ...

  Dubai / WAM The Emirates Post Group has added South Africa and Uzbekistan to its Express EMS network, enabling UAE customers to send documents and other shipments to these two countries. EPG’s Express EMS service now covers 111 countries globally, providing customers with a cost-effective and speedy channel to send shipments internationally. Chief Commercial Officer of EPG, Ibrahim Bin Karam, ...

  Abu Dhabi / WAM Four students from Khalifa University (KU) participated in the Sheikh Zayed Institute for Paediatric Surgical Innovation’s annual Student Innovators Programme (SIP), a summer programme taking place at the Children’s National Medical Center in Washington, DC. The students were selected alongside 20 others from universities around the world, and will have access to world-class paediatric healthcare facilities ...

  Dubai / Emirates Business Mashreq, one of the leading financial institutions in the UAE, on Wednesday has reported its financial results for the first half ending June 30, 2016. The bank has posted a net profit for the first of 2016 AED 1.1 billion, which stable compared to the normalized net profit of 1H 2015. Mashreq’s CEO, HE AbdulAziz ...

  ABU DHABI / WAM Aldar Properties PJSC (Aldar)on Wednesday awarded contracts of AED 440 million to National Projects and Construction LLC (NPC) for Nareel Island, its master planned island community, and for Al Merief, the distinctive community in Khalifa City. Set to be carried out over a 16-month period, the work on both developments has commenced and covers infrastructure, utilities ...

  ABU DHABI / WAM Companies registered with Tas’heel’s online services and which employ over 1,000 workers, will be required to hire Emirati citizens for data entry positions starting in 2017, the Ministry of Human Resources and Emiratisation announced on Wednesday. Saqr Ghobash, Minister of Human Resources and Emiratisation, said that any violations will cost the company additional work permits. ...