Dubai / Emirates Business For the fourth consecutive year, Thomson Reuters, the world’s leading provider of intelligent information for businesses and professionals, in partnership with the Dubai Islamic Economy Development Centre (DIEDC), and in collaboration with DinarStandard presented the key findings from the State of the Global Islamic Economy Report (SGIE) and introduce the Global Islamic Economy Indicator (GIEI) ...
Read More »Uncategorized
ZonesCorp delegation tours Al Masaood group headquarters
Abu Dhabi / Emirates Business As part of its comprehensive programme of visits to its investors, a delegation representing the different departments from the Higher Corporation for Specialized Economic Zones (ZonesCorp), headed by HE Saeed Eisa Mohammed Al Khyeli, Director General of ZonesCorp visited the headquarters of the Al Masaood Group. The delegation was received by HE Abdulla Al ...
Read More »Dubai South inks ‘Smart City’ deal with Queensland
Dubai / Emirates Business In its quest to raise the bar and build a world-class roadmap for smart cities globally, Dubai South on Monday inked a strategic Statement of Intent (SOI) with the Trade and Investment Queensland (TIQ). Signed by His Excellency Khalifa Al Zaffin, Executive Chairman, Dubai Aviation City Corporation and Dubai South and Jackie Trad, Deputy Premier ...
Read More »Pound plunges as UK minister warns of Brexit ‘rollercoaster’
Birmingham / AFP The pound hit a three-year low against the euro on Monday after Prime Minister Theresa May said Britain will trigger Brexit negotiations by the end of March and her finance minister warned of “turbulence”. Sterling weakened to 87.46 pence against the euro, the lowest level since August 2013, after May’s government gave more details about how ...
Read More »21 Turkey-backed rebels killed in IS mines in Syria
Beirut / AFP At least 21 Syrian rebels fighting alongside Turkish troops in northern Syria against the IS group were killed by landmines laid by the extremist group, a monitor said on Monday. The Syrian Observatory for Human Rights said the toll was the highest loss of life for forces involved in the Turkish-led operation in northern Syria since ...
Read More »Fighting rages as Taliban attack Kunduz
Kunduz / AFP Explosions echoed across Kunduz as Afghan commandos began to push back a Taliban assault on Monday, forcing residents to shelter in their homes one year after militants briefly seized the strategic provincial capital. Government helicopters were targeting gunmen from the air in a bid to repel the attack, a day before President Ashraf Ghani is due ...
Read More »World Bank secretly finances Asian ‘coal boom’, says group
Washington / AFP The World Bank is indirectly financing a boom in some of Asia’s dirtiest coal-fired power generation despite commitments to end most funding for the sector, a development advocacy group charged on Monday. The power plants, which contribute to climate change and deforestation as well as premature deaths due to illness, are cropping up from Bangladesh to ...
Read More »Coal India’s output drops amid weaker power demand
BLOOMBERG Coal India Ltd.’s output fell year-on-year for a second consecutive month in September, signaling demand from power plants, its biggest consumers, remains weak. Production at the world’s biggest miner of the fuel declined 5.2 percent from a year earlier to 35.24 million metric tons in September, while shipments fell 6.6 percent to 37.74 million tons, according to data ...
Read More »ENOC to showcase smart solutions at WETEX 2016
Abu Dhabi / Emirates Business Emirates National Oil Company (ENOC) is set to showcase its smart and sustainable solutions; reflecting the Group’s strategy to drive innovation across all its business segments at the Water, Energy, Technology, and Environment Exhibition (WETEX 2016) to be held in Dubai on October 4-6. ENOC’s smart solutions underline the Group’s commitment to environmental ...
Read More »Gargash joins hands with Al Ahli Football Club to raise funds for the disabled
DUBAI / Emirates Business Gargash Enterprises, the authorized general distributor of Mercedes-Benz in Dubai, Sharjah & Northern Emirates, reaffirms its social commitment yet again by introducing ‘Score for Charity’, a first-of-its-kind initiative in the region. In a unique collaboration with Al Ahli Football Club, Gargash Enterprises has announced a contribution of AED 1,000 for each goal scored by Al ...
Read More »