News

  Abu Dhabi / Emirates Business Representing milestones in the Emirate of Abu Dhabi’s Waste Master Plan 2040’s development, the situational analysis and the waste characterisation study, were discussed at the Waste Master Plan’s first Steering Committee meeting. The Steering Committee is led by Chairman HE Khalifa Mohamed Al Mazrouei, Undersecretary at the Department of Municipal Affairs. The Committee’s role ...

  Sunaina Rana / Emirates Business UAE-based company, ARTAR Real Estate Development has announced that it has achieved a 15 percent completion rate of Mada Residences. The new upcoming project is situated in Downtown Dubai and this exclusive residential property development is ARTAR’s first project in the UAE. Sulaiman Abdulrahman Al Rashid, CEO of ARTAR Real Estate Development LLC, stated, ...

  ABU DHABI / WAM Standard & Poor’s (S&P) has revised its long-term outlook on Jordan’s economy while at the same time allocating a BB-/B rating on the kingdom’s long- and short-term foreign and local currency sovereign credit ratings. “We have revised downward our economic growth projections and now expect wide current account deficit,” the rating services agency said in ...

  DUBAI / Reuters State-run Saudi Electricity Co (SEC), the Gulf’s largest utility firm, reported a narrowing first-quarter net loss as higher tariffs boosted its operating income. The company, which the government aims to split into several components this year to improve efficiency, made a loss of 1.37 billion riyals ($365.32 million) in the three months to March 31, according ...

  KHOBAR / Reuters Saudi Arabia’s National Industrialization Co’s chief executive expects to see the benefits of a restructuring soon and has a more positive outlook for the chemicals market. Like many Saudi petrochemical firms, Tasnee’s earnings have suffered as its product prices are closely tied to oil prices, which have slumped since mid-2014. To combat poor market conditions, Tasnee ...

  DUBAI / WAM Vice President and Prime Minister and Ruler of Dubai, His Highness Sheikh Mohammed bin Rashid Al Maktoum, on Saturday inspected the workflow of the final stages of Dubai Parks and Resort project, the largest integrated theme park destination in the Middle East. The project, that cost more than AED10 billion, is spread across 25 million square ...

  ABU DHABI / WAM The UAE will be the guest of honour at the Moroccan International Agriculture Fair (SIAM 2016), which will be held in Meknes from April 26 to May 1, under the theme “Resilient and Sustainable Agriculture.” Under the directives of HH Sheikh Mansour bin Zayed Al Nahyan, Deputy Prime Minister and Minister of Presidential Affairs and ...

  NEW YORK / WAM The UAE joined over 175 countries in signing the Paris Climate Agreement during the high-level signing ceremony, convened by the United Nation’s Secretary General Ban Ki Moon, in New York. The ceremony marked the first step in implementing the Paris Agreement, which was adopted in December 2015. Signing on behalf of the UAE government was ...

  ABU DHABI / WAM The Masdar Institute of Science and Technology, an independent, research-driven graduate-level university focused on advanced energy, and sustainable technologies, on Saturday announced it hosted a symposium titled, “Energy Efficiency and Renewables: Building Technology – Made in Germany.” The event was part of a series of symposiums in Dubai and Abu Dhabi organised by the German ...

  ABU DHABI / WAM The Ministry of Foreign Affairs and International Cooperation (MOFAIC) together with the Ministry of Human Resources and Emiratistion (MOHRE) have started taking necessary arrangements enabling workers to sign job offers back home through Foreign Affairs and International Cooperation service centers to issue entry work visas. This came following a presentation Saqr Ghobash, Minister of Human Resources ...