News

Bloomberg China unveiled a record fiscal deficit and pledged to accelerate the restructuring of its bloated state- owned industries while still setting a weaker growth target for this year. Premier Li Keqiang announced a 6.5 percent to 7 percent expansion goal on Saturday, down from an objective of about 7 percent last year and the first range the government has ...

ALKESH SHARMA / EMIRATES BUSINESS A slew of industrial deals and MoUs are ready to be inked at ISNR 2016 that kicks off from March 15-17. ISNR’s Business Connect team is putting in place arrangements to hold over 3,000 meetings between government, private sector buyers, and exhibiting companies in this year’s edition. This is a 60-percent growth over the 2014 ...

Ritika Sharma / Emirates Business By creating one-of-its-kind dedicated platform for TV and film content industry to buy, sell and explore co-production business opportunities for the Arabic market, the 22nd edition of CABSAT 2016 has shown the right way. Although the industry recognises the fact that content is the ‘KING’ in the world of media and entertainment, not much has ...

ABU DHABI / Emirates Business Abu Dhabi has launched the first-ever Abu Dhabi Aviation & Aerospace Week (ADAAW), which will run until March 12. The landmark inauguration event is held under the patronage of His Highness Sheikh Mohammed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces. Six key aviation sector ...

DUBAI / Emirates Business Ahli United Bank Limited (AUBL), a 100% subsidiary of Ahli United Bank B.S.C., has launched its banking operations in Dubai International Financial Centre (DIFC), UAE with an initial paid up capital of US$ 25 million. AUBL has become the first bank in the GCC region to receive the Category 1 License from the Dubai Financial Services ...

Dubai / WAM In the presence of Vice President and Prime Minister and Ruler of Dubai, His Highness Sheikh Mohammed bin Rashid Al Maktoum, Mohammed Al Mannaei, Director – Mina Rashid DP World, has announced a plan to build a marina for luxury yachts at Port Rashid. The new ‘Port Rashid Marina’ project was announced during the visit of Sheikh ...

ABU DHABI / WAM The Abu Dhabi Chamber of Commerce and Industry and the Dubai Chamber of Commerce and Industry, have signed an agreement to approve certificates of origin issued by the Abu Dhabi Chamber allowing them to bear the World Chambers Federation (WCF) international label and to be delivered in accordance with the rules and standards laid down in ...

Dubai / WaM Dubai Electricity and Water Authority (DEWA) has awarded RWE Power International ME the contract to conduct a comprehensive study on the uses of all by-products from using clean coal at the Hassyan power plant. RWE was awarded the contract to conduct a comprehensive study on the use of clean coal ash in cement and building materials industries ...

SHARJAH / WAM Sharjah Economic Development Department (SEDD) celebrated its fourteenth annual ceremony in Al Jawaher Reception and Convention Centre in Sharjah. During the ceremony, the SEDD honoured its strategic partners from different local and federal institutions as well as from the concerned companies in the economic field.

Dubai / WAM In the presence of Vice President and Prime Minister and Ruler of Dubai, His Highness Sheikh Mohammed bin Rashid Al Maktoum, Mohammed Al Mannaei, Director – Mina Rashid DP World, has announced a plan to build a marina for luxury yachts at Port Rashid. The new ‘Port Rashid Marina’ project was announced during the visit of Sheikh ...