Abu Dhabi / WAM The value of exports through Abu Dhabi ports increased by 36.6% from AED 12.6 billion in Q4 2017 to AED17.2 billion in the same period of 2018, according to the figures released by Statistics Centre —Abu Dhabi. The business sector increased by AED4.0 billion (32.6%), the government sector by AED 518.4 million (726.1%), and the individual ...

Bloomberg Saudi Aramco, the world’s biggest oil producer, will buy a majority stake in local chemical giant Sabic from the kingdom’s sovereign wealth fund for $69.1 billion, transferring a big slug of cash from one arm of the state to another to help finance Crown Prince Mohammed bin Salman’s economic agenda. The Middle East’s biggest ever deal was first mooted ...

SHARJAH / WAM HH Dr Sheikh Sultan bin Muhammad Al Qasimi, Sup-reme Council Member and Ruler of Sharjah, launched the ‘Sharjah Sustainable City’ project on Wednesday. The AED2 billion project is the first urban mixed-use project in the emirate, which meets the highest standards of green economy and environmental sustainability. The project is the outcome of a strategic partnership between ...