DUBAI / WAM Dubai continued to be the destination of choice for businessmen and investors as the Depa- rtment of Economic Department (DED) issued 1,689 new licenses and completed 26,184 transactions relating to business registration and licensing in the emirate during May 2018. Renewal of existing licenses accounted for the largest share of the total transactions as their numbers reached ...

NEW DELHI / WAM A landmark agreement signed in February between the UAE and India expanding their bilateral energy relationship has started bearing fruit. India’s state-owned oil exploration company, ONGC Videsh Ltd (OVL) annou-nced receipt of the first tranche of equity oil cargo from Abu Dhabi’s Lower Zakum oilfield. A shipload of Das blend crude oil has reached New Mangalore ...

DUBAI / WAM Master developer Nakheel has signed a contract worth AED66 million for a choreographed fountain at The Pointe, its new AED800 million waterfront dining and entertainment destination on Dubai’s world-famous Palm Jumeirah. The developer has appointed one of China’s largest fountain specialists, Beijing Water Design, to deliver and operate the fountain, which will cover a 12,000 square metre ...