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Abu Dhabi Airports, SBIAA sign deal

ABU DHABI / WAM Abu Dhabi Airports announced that it has signed a memorandum of understanding (MoU) with San Bernardino International Airport Authority (SBIAA) linking Al Bateen Executive Airport with San Bernardino International Airport in San Bernardino, California. The MoU was signed by Abdul Majeed Al Khoori, Acting Chief Executive Officer of Abu Dhabi Airports and Michael Burrows, Executive Director ...

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DP World to begin work on Suez Canal industrial zone

DUBAI / WAM DP World, the Suez Canal Authority and the Suez Canal Economic Zone (SCZone) signed an agreement to implement the first phase of development of an integrated industrial and residential zone in Sokhna, Egypt. The agreement, which establishes a clear timetable of actions required to execute the first phase of the project spanning 30 square kilometres, was signed ...

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Central bank: Final decision on EIBOR system this year

Abu DHABI / Reuters A final decision on a new system of setting Emirates Interbank Offered Rates (EIBOR), which will be more efficient and more closely based on real data from the market, is expected to be taken this year, the UAE central bank governor said on Tuesday. “It’s ongoing and we’re having final discussions with the banks,” Mubarak Rashid ...

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