News

  Dubai / WAM DP World on Sunday announced that the company has raised $1.2bn in a new 7-year sukuk set to be listed on NASDAQ Dubai, the Middle East’s international financial exchange. The issue received strong investor interest and was 2x oversubscribed receiving more than $2bn in bids. The new sukuk issue followed DP World’s successful refinancing of over $1.1bn ...

  Dubai / WAM Vice President and Prime Minister and Ruler of Dubai, His Highness Sheikh Mohammed bin Rashid Al Maktoum, received President Idriss Deby of Chad in Zabeel Palace on Sunday, along with his accompanying delegation. In the presence of HH Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, Sheikh Mohammed welcomed President Deby and stressed ...

  Dubai / WAM The Expo 2020 Dubai on Sunday announced Emirates Airline as its Official Airline Partner. The partnership agreement, which was signed by Sheikh Ahmed bin Saeed Al Maktoum, Chairman and Chief Executive of Emirates Airline and Group, and Reem bint Ibrahim Al Hashemi, Minister of State for International Cooperation and Director-General of Bureau Expo Dubai 2020, links Emirates ...

  Berlin / WAM Sultan bin Saeed Al Mansouri, Minister of Economy, stressed the importance of boosting cooperation between the UAE and Germany in the aviation sector. In a statement made to the Emirates news Agency (WAM), Al Mansouri said that such cooperation would drive both countries’ commercial relations forward and provide greater access for new markets as both countries enjoy ...

Abu Dhabi / WAM The Executive Committee of Abu Dhabi Executive Council reviewed strategic plans of those government entities aligned with the Abu Dhabi Plan. The plans were first reviewed by the sub-committees of the Executive Council. The Committee reviewed the strategic plans for government sectors, including social development; security, justice and safety; economic development; infrastructure and the environment; in addition ...

  Washington / AFP “Big data” could play a huge role in the 2016 US election, even if Donald Trump doesn’t think so. Trump, who sailed through the Republican primaries using unconventional campaign rallies and Twitter messages, has indicated that he sees little use for popular data analytics tools to help target specific voters. But analysts say he may be at ...

  Caracas, Venezuela / AFP Venezuela’s government on Saturday extended by two weeks a decree reducing the public sector workweek to Mondays and Tuesdays in a bid to tackle the oil-rich country’s electricity crisis. The enforced leave was first announced in late April, a drastic move for a government also grappling with an economic crisis that has Venezuelans queuing for hours ...

  Bloomberg Sun Pharmaceutical Industries Ltd., India’s largest drugmaker, said its U.S. unit received a grand jury subpoena from the Justice Department’s antitrust division related to generic products and pricing. The summons also sought documents about communications with competitors and others regarding the sale of generic drugs, along with corporate and employee records, Sun Pharma said in a May 27 ...

  Niteroi, Brazil / AP The elite of the fashion world flocked to Brazil, defying an outbreak of the Zika virus, an economic meltdown and the deep political crisis afflicting the country to attend a runway show Saturday by revered French label Louis Vuitton. Around 500 guests, including A-listers Jaden Smith and Catherine Deneuve and fashion royalty flown in from New ...

  Bloomberg Mitsui & Co. has been chosen to deliver Colombia’s first cargo of liquefied natural gas later this year as the country prepares to place a floating import terminal into service, according to the terminal’s developer. Mitsui will send the cargo to the gas storage complex that Sociedad Portuaria El Cayao SA ESP, owned in part by Colombia gas ...