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Dubai / Emirates Business Under the patronage of HH His Highness Sheikh Hamdan bin Mohammed bin Rashed Al Maktoum, Crown Prince of Dubai and Chairman of the Dubai Executive Council, Dubai Maritime City Authority (DMCA) — the government authority charged with regulating, coordinating and supervising all aspects of Dubai’s maritime sector — has announced that it has begun preparations to ...

  Dubai / Emirates Business Dubai Silicon Oasis Authority (DSOA) — the regulatory body for Dubai Silicon Oasis (DSO), the integrated free zone technology park — has announced fundamental changes to its ‘Happiest People’ initiative that was conceptualized in 2013, launched in 2014, and shaped into a comprehensive strategy in 2015. Inspired by the vision of His Highness Sheikh Mohammed ...

  Emirates Business JLL — the world’s leading real estate investment and advisory firm — has signed a Memorandum of Understanding (MoU) with the Saudi Eastern Province Chamber of Commerce & Industry to improve transparency in the region’s residential, retail, office and hospitality real estate market. As an independent consultant, JLL will assist the Damman-based Chamber to improve the quality ...

  Emirates Business GE (NYSE: GE) has achieved breakthrough results in Hot & Harsh technology development currently being undertaken in Saudi Arabia to identify localized solutions for enhancements in performance, availability and reliability against depleting factors such as temperature, dust, corrosion and fuel harshness. Research and development by a dedicated team from Power business, at the GE Saudi Technology & ...

  Reuters International oil firms have warned Iraq that projects to increase its crude output will be delayed if the government insists on drastic spending cuts this year, a senior Iraqi oil official said. Oil companies helping Iraq develop its massive oil fields effectively perform a role similar to oil service firms in that they have to clear spending with ...

  Emirates Business Siemens has been awarded a landmark contract to upgrade the Kingdom of Bahrain’s energy infrastructure with a new high-voltage power transmission network, strengthening the country’s electricity supply. The contract, awarded to Siemens by the Electricity and Water Authority (EWA) in Bahrain, was announced at an inauguration ceremony in Al Hidd in Bahrain. Siemens will introduce an upgraded ...

  Bloomberg Britons eager to find out more about the pros and cons of European Union membership have a wealth of options this weekend, with campaigners for a “Leave” vote in next month’s referendum pledging a publicity “blitz” and their opponents promising “the biggest day of cross-party campaigning in U.K. political history.” Prime Minister David Cameron, opposition Labour Party leader ...

  Bloomberg After a week of warnings about the perils of Britain exiting the European Union, economic data next week may offer traders little reason to be bullish on the pound, the developed world’s worst-performing currency of 2016. For the period covering the June 23 referendum on EU membership, options traders are the most bearish on sterling since at least ...

  Bloomberg Ireland’s credit rating was raised by Moody’s Investors Service, as the economy continues to outpace the euro region and its debt level drops. Moody’s raised the rating to A3 from Baa1 with a positive outlook, the company said on Saturday in a statement “Ireland’s key credit fundamentals have continued to improve at a faster pace than expected even ...

  Margate / AFP Poland avoided a second credit-rating reduction in its history as Moody’s Investors Service left its investment grade unchanged while cutting its outlook on the sovereign amid growing investor concern over government policies. Moody’s changed the outlook to negative after keeping it stable for a decade, meaning there’s now at least a one-in-three chance of a cut ...