Dubai / Emirates Business Volunteer Emirates, one of Dubai Cares’ most popular volunteering initiatives, has kicked off with the first edition of 2016 taking place at the National Charity School for Girls in Maysaloon, Sharjah. The first of four planned editions for the year saw125 volunteers from the UAE come together to help enrich the school’s learning environment by ...

  KUWAIT / Reuters State-owned refiner Kuwait National Petroleum Co (KNPC) has signed the first tranche of financing for its multi-billion-dollar Clean Fuels Project, a major plank of the country’s economic development plan. The tranche, provided by local banks and lasting for 10 years, is worth 1.2 billion dinars ($3.98 billion) and led by National Bank of Kuwait and Kuwait ...

  KHOBAR / Reuters The government-owned Public Investment Fund (PIF) replaced four of its representatives on the board of Ma’aden, the Gulf’s largest miner, in which it owns 49.99 percent. Saudi Arabia’s Mining Co (Ma’aden) said its board now includes the chairman of state oil giant Saudi Aramco, Khalid al-Falih and prominent Saudi businesswoman Lubna al-Olayan. Besides Falih and Olayan, ...