ABU DHABI / WAM The federal government revenues collected through e-Dirham surged to over AED2.5 billion during Q2 of 2017, a 25 percent growth over the corresponding period in 2016, according the Ministry of Finance (MoF), statistics. The government services revenues collected through the e-Govenment Website increased to a total of AED958,461,182 during the same period from AED1,583,950,310 during the …

VIENNA / WAM Over $320 million worth of new funding to the benefit of developing countries across the world, has been approved by the OPEC Fund for International Development (OFID). This came during OFID’s Governing Board 159th session held in Vienna recently during which OFID Director General Suleiman Jasser Al-Herbish noted that the loans underline the international organisation’s commitment to …

ABU DHABI / Reuters Telecoms group Etisalat terminated a management agreement with its Nigerian arm and given the business time to phase out the Etisalat brand in Nigeria, the chief executive of Etisalat International said on Monday. Nigerian regulators intervened last week to save Etisalat Nigeria from collapse after talks with its lenders to renegotiate a $1.2 billion loan failed. …