DUBAI / WAM Dubai has retained its top rank worldwide for attracting foreign direct investment (FDI) into tourism in 2021. With AED6.4 billion in FDI across 30 FDI projects in 2021, Dubai ranked number one in FDI capital, projects, and job creation in tourism sector in 2021, according to The Financial Times’ fDi Markets data, a leading global data ...
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Dolphin Energy marks 15 years of operations
Abu Dhabi / WAM Dolphin Energy Limited on Sunday marks 15 years of operations, during which the company imported two billion standard cubic feet (scf) of natural gas into the UAE and Oman every day. Dolphin Energy’s Chief Executive Officer, Obaid Abdulla Al Dhaheri, commented on the achievement, and said that “This is an important milestone in our history ...
Read More »EAD launches ‘environmental labelling’ program
Abu Dhabi / WAM Under the patronage of HH Sheikh Hamdan bin Zayed Al Nahyan, Ruler’s Representative in Al Dhafra Region, and Chairman of the Board of Directors of the Environment Agency – Abu Dhabi (EAD), the Agency announced the launch of the ‘Green Industries’ environmental labelling programme. The innovative programme is tailored based on best international practices in ...
Read More »Italian parties brace for snap elections with Draghi unmoved
Bloomberg Italy’s political parties are readying for possible snap elections, even as some of them redouble efforts to convince Prime Minister Mario Draghi to rethink his determination to resign. While talks to patch up the current majority, or form a new one, continue, Italy’s political groupings are making preparations for a potential vote, several party and government officials said, asking ...
Read More »UAE ranks first in Arab world in Gender Gap Report 2022
Dubai / WAM HH Sheikha Manal bint Mohammed bin Rashid Al Maktoum, President of the UAE Gender Balance Council, President of Dubai Women Establishment and wife of HH Sheikh Mansour bin Zayed Al Nahyan, Deputy Prime Minister and Minister of the Presidential Court, congratulated the wise leadership and HH Sheikha Fatima bint Mubarak, Chairwoman of the General Women’s Union ...
Read More »EDB announces credit facility deal with Valiant Healthcare
Dubai / WAM Emirates Development Bank (EDB) has announced the signing of a credit facility agreement with Valiant Healthcare, the owner of Valiant Clinic & Hospital, a UAE-based boutique multi-specialty clinic and hospital located in CityWalk Dubai. The agreement will extend financing to for both capital investment and operational expenditures, allowing it to fulfil its expansions plans and while ...
Read More »Sheikh Mohammed appoints chairman, CEO of Expo City Dubai
Dubai / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE, in his capacity as the Ruler of Dubai, has issued Resolution No.27 of 2022 appointing His Highness Sheikh Ahmed bin Saeed Al Maktoum as Chairman of Expo City Dubai Authority. HH Sheikh Mohammed bin Rashid also issued Resolution No.28 of ...
Read More »Russia planning to create oil benchmark to foil price cap
Bloomberg Russia’s government has made a plan to create a national oil benchmark next year, as it seeks to protect itself from efforts by the West to restrict the flow of petrodollars to the country. Key ministries, domestic oil producers and the central bank plan to launch oil trading on a national platform in October, according to a document seen ...
Read More »Pacific leader blasts Beijing’s botched attempt to strike pact
Bloomberg China’s attempt to strike a wide-ranging economic and security pact in the strategically important Pacific region fell apart in May because of Beijing’s rushed attempts at diplomacy. The head of the Pacific Islands Forum held this week in Fiji said Chinese Foreign Minister Wang Yi had come to the region with an “outcomes document†already prepared, before any meetings ...
Read More »Partnerships can overcome today’s complex, overlapping challenges
Abu Dhabi / WAM President His Highness Sheikh Mohamed bin Zayed Al Nahyan affirmed that the UAE will continue its firm approach to support every step towards promoting coexistence and constructive cooperation, building on its belief in peoples’ right to have peace, stability, development and prosperity, and to achieve a better future for the generations to come. His Highness Sheikh ...
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