Abu Dhabi / WAM The UAE is undisputedly the most important stop on China’s 21st Century Maritime Silk Road Initiative, thanks to its world-class infrastructure and the top rankings in the world’s quality indices. The Industrial and Commercial Bank of China, one of the largest financial establishments in the world with estimated assets of $2.3 trillion, has already set its ...

Sharjah / WAM Sharjah Airport has announced that it registered a growth of 4.34 percent in passenger movement during the first half of 2018, with the number of passengers increasing to more than 5.731 million, compared with 5.493 million passengers in the same period of 2017. The increase is a result of newly expanded service offerings for both passengers and ...

Abu Dhabi / WAM Dubai Investments, the leading, diversified investments company listed on the Dubai Financial Market, announced that its wholly-owned subsidiary, Emirates Float Glass (EFG), accomplished a unique recognition by achieving one million man-hours without Loss Time Injury (LTI), for the second time in its history. The massive recognition for the EFG, which is part of Glass LLC and ...

Dubai / WAM The Board of Executive Directors of the Roads and Transport Authority (RTA), in Dubai has awarded a contract for upgrading the Al Qudra-Jebel Ali Lehbab Roads Junction. Mattar Al Tayer, Director-General and Chairman of the Board of Executive Directors of the RTA, who chaired the session, said, “The junction will be upgraded to a multi-tier flyover providing ...

Sharjah / WAM The Sharjah Police General Command and Enjazat Services have signed a Memorandum of Understanding (MoU), for bolstering joint cooperation in areas of community development and customer service. The MoU, which aims to consistently deliver customer delight, was signed by Major General Saif Al Zari Al Shamsi, Commander-in-Chief of Sharjah Police, and Khamis bin Salem Al Suwaidi, Chairman ...

Aden / WAM Saeed Al Ali, Director of the Emirates Red Crescent (ERC), in Aden, and Yemeni Minister of Culture, Marwan Damaj, visited the Department of Art Production and Department of Theatres at the Culture Office in the interim capital, Aden. The ERC head inspected the building and the National Theatre, which, he said needed rehabilitation of lighting, air conditioning ...

]ubai / ًِ’ Dubai Future Foundation (DFF) announced the signing of a Memorandum of Understanding (MoU) with Dubai Airport Freezone Authority (Dafza) to support the graduates of the One Million Arab Coders initiative, launched by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, to prepare a generation of ...

Bloomberg Elliott Management Corp. said it was seeking compensation for at least $770 million in damages from South Korea over how its former administration intervened in the merger of Samsung C&T Corp. and Cheil Industries Inc. in 2015. Billionaire Paul Singer’s New York-based hedge fund had submitted the dispute for arbitration and urged the government to pay the damages in ...

Bloomberg Mukesh Ambani overtook Alibaba Group founder Jack Ma to become Asia’s richest person as he positions Reliance Industries Ltd. to disrupt the e-commerce space in India. The chairman of India’s refining-to-telecoms conglomerate, Ambani was estimated to be worth $44.3 billion with Reliance Industries Ltd. rising 1.6 percent to a record 1,099.8 rupees, according to Bloomberg Billionaires Index. Ma’s wealth ...

Bloomberg Singapore’s sovereign wealth fund, which backed some of China’s biggest technology startups, is becoming more selective about investments in the sector amid soaring valuations. An influx of investors of all stripes, from venture capital to sovereign wealth and hedge-funds, has driven up valuations of many unprofitable startups, Jeffrey Jaensubhakij, group chief investment officer of GIC Pte., said in an ...