DUBAI / WAM Dubai Airports and Expo 2020 Dubai are leading the way in promoting world-class corporate wellness practices in the UAE, as the two government firms scooped top honours at the Daman Corporate Health Awards 2017, organised by MEED. Dubai Airports flew high on awards night winning two trophies. The corporate wellness team at Dubai Airports has been promoting ...

Ras Al Khaimah / Emirates Business Ras Al Khaimah Economic Zone (RAKEZ) and RAKBANK, two of Ras Al Khaimah’s largest home-grown entities, have signed a Memorandum of Understanding (MoU) to offer the economic zone’s over 13,000 clients easy access to a wide range of banking services at preferential terms. The signing ceremony was held at RAKEZ headquarters in Ras Al ...

SHARJAH / WAM Gulftainer, the world’s largest privately owned independent port operator, has won the ‘Corporate Health and Wellness Initiative’ category at the Daman Corporate Health Awards 2017. The company earned recognition for its corporate well-being programme, ‘Positive Pulse’, that seeks to enhance employee engagement by promoting a healthy lifestyle. In line with the efforts of the UAE’s Ministry of ...

Abu Dhabi / Emirates Business A new initiative to increase inbound tourism numbers from India to Abu Dhabi has been launched in India, with the Department of Culture and Tourism – Abu Dhabi spearheading a delegation of partners and stakeholders to a new multi-city promotional event in Mumbai and New Delhi. The ‘Abu Dhabi Week in India’ event, which took ...

Bloomberg Saudi Arabia is considering a more expansionary budget than planned for 2018, Finance Minister Mohammed Al-Jadaan said. Authorities were already planning an expansionary budget, “and we are considering even a potential further expansion,” Al-Jadaan said in an interview at the Future Investment Initiative in Riyadh. “We think the economy requires that support and development requires that support.” The drive ...

Bloomberg Total SA posted the highest earnings from pumping oil and gas in more than two years, illustrating the improving fortunes of an indus- try that’s endured the deepest downturn in a generation. Total’s earnings followed surprisingly strong profits from ConocoPhillips and Statoil ASA, driven by a combination of higher crude prices and deep cost cuts. Exxon Mobil Corp. and ...

DUBAI / Reuters International Finance Corporation (IFC), a member of the World Bank Group, on Sunday said it had completed a $653 million debt package to finance building 13 solar power plants near Aswan in Egypt, planned to be part of the largest solar park in the world. Generating up to 752 mega-watts of solar power, the Nubian Suns Feed-in-Tariff ...

Bloomberg Even for wind farms, middle age is a time for nips, tucks and sometimes replacement surgery. At least 600 megawatts of US wind farms have already undergone significant upgrades, primarily in California, and NextEra Energy Inc., the largest producer of North American wind power, said it expects to invest as much as $3 billion to upgrade or replace aging ...

Bloomberg After years of being sidelined by New Jersey Governor Chris Christie, wind farm developers are dusting off plans for massive offshore turbines that may someday generate more electricity than a nuclear reactor. Christie, a Republican whose term ends in January, effectively blocked wind farms off his state’s coast by never fully implementing a program that would subsidize the projects. ...

Bloomberg China’s push for better air quality is proving a bonanza for global steelmakers. Nippon Steel & Sumitomo Metal Corp., Japan’s biggest producer, enjoyed a nine-fold surge in first-half profit as China’s crackdown on pollution and bloated industrial capacity lifted prices to the highest level in more than five years. Posco, the largest Korean mill, said it expected to reap ...