News

ABU DHABI / WAM The recent completion of a solar power project for the Pacific nation of Vanuatu marks the latest stage of the ground-breaking United Arab Emirates-Pacific Partnership Fund (UAE-PPF). The installation of three new solar PV plants represents another milestone for an imaginative and innovative initiative that has captured international attention with its potential for developing countries. Mohamed ...

ALKESH SHARMA / EMIRATES BUSINESS Building Information Modelling (BIM) technology could be the engine behind the success of 16 major railway projects worth US$352 billion that are currently underway in the Middle East and North Africa (MENA) region. It could go a long way in ensuring that the project deadlines and sustainability expectations are met. Experts say the cutting-edge technology ...

ABU DHABI / WAM India signed the Convention on Migratory Species, CMS, Memorandum of Understanding on the Conservation of Migratory Birds of Prey in Africa and Eurasia, Raptors MoU, raising the number of signatories to 56. The Raptors MoU was signed by T.P. Seetharam, Ambassador of India to the United Arab Emirates, at a signing ceremony held in the CMS ...

DUBAI / WAM The Dubai Gold and Commodities Exchange (DGCX) on Tuesday announced that Stellar Trading Systems, a multi-asset trading software and services specialist, has become an approved Independent Software Vendor, ISV, on the exchange. Stellar Trading Systems has hosted its infrastructure at DGCX colocation facility to deliver its market making, low-latency order routing and algorithmic trading solutions to DGCX ...

ABU DHABI / WAM Abu Dhabi Airports on Tuesday announced that it has signed an MoU with Aeroports de Paris (ADP) linking Al Bateen Executive Airport with Le Bourget Airport. The MoU was signed by Mohamed Mubarak Al Mazrouei, Chief Executive Officer of Abu Dhabi Airports and Bruno Mazurkiewicz, Managing Director of Paris-Le Bourget and General Aviation Aerodromes, during Abu ...

SHARJAH / WAM The Sharjah Chamber of Commerce and Industry (SCCI) and an economic delegation from the People’s Republic of China, have discussed ways to develop and strengthen economic relations between the two countries in general and Sharjah Chamber in particular. The two sided also discussed the possibility of laying the foundations for the establishment of cooperative relations between the ...

DUBAI / WAM Emirates Post Group (EPG) has said that its ‘Tejari Box’ service offers many value-additions to owners of multiple trade licenses, allowing them to rent a single P.O. Box for all trade licenses issued in the same emirate, provided they are under the same owner’s name. Chief Commercial Officer of EPG, Ibrahim Bin Karam, said that the Tejari ...

London / AFP World stock markets sank deep into the red on Tuesday, as China released data showing another hefty slump in exports, sparking renewed worries over the nation’s powerhouse economy. China’s exports dived more than a quarter on-year in February, new data showed on Tuesday, while imports were almost 14 percent off—far worse than forecast. “That shocking slide in ...

DUBAI / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of UAE and Ruler of Dubai, received US Vice President Joe Biden and the accompanying delegation at Zabeel Palace on Tuesday morning. Sheikh Mohammed and Biden held long talks on friendship and existing cooperation between the UAE and the United States of America. They ...

ABU DHABI / WAM Dr. Aabed Al Saadoun, Chairman of the Arab Petroleum Investments Corporation (APICORP) on Tuesday rang the market-opening bell to celebrate the listing of a US$500 million Sukuk on Nasdaq Dubai. The total nominal value of Sukuk currently listed in Dubai has now reached US$37.81 billion, reinforcing its position as the largest centre in the world for ...