DUBAI / WAM Foreign investors purchased AED 1.34 billion worth of shares on Dubai Financial Market (DFM) and sold AED 1.33 billion over the week, DFM said on Thursday. Net foreign investment on the market reached AED 5.2 million, as aggregate buy. Value of shares bought by foreigner investors comprised 42.2 per cent of the total value of stocks traded ...

Abu Dhabi / WAM The UAE, represented by the Ministry of Finance (MoF), presented a new initiative for developing innovative programmes that support Arab countries with the current economic and financial challenges, and contribute to the overall economic development. This initiative falls in line with the support provided by Arab financial institutions to Arab countries in transition, to help them ...

New York / WAM “Despite low oil prices, the trend toward lower-cost renewable energy will continue in the Middle East and North Africa (MENA) region as business confidence grows in the sector’s potential and countries adopt increasingly favourable regulations,” said Bader Al Lamki, Executive Director of Masdar Clean Energy. Al Lamki comments came during Masdar’s participation in the Bloomberg New ...

Abu Dhabi / WAM The UAE, represented by the Ministry of Finance (MoF), presented a new initiative for developing innovative programmes that support Arab countries with the current economic and financial challenges, and contribute to the overall economic development. This initiative falls in line with the support provided by Arab financial institutions to Arab countries in transition, to help them ...

Abu Dhabi / Emirates Business Etisalat invited 150 orphans from charitable foundations across the country to attend the preview of the ‘Disney Live Mickey Music Festival’ at Dubai World Trade Centre. The interactive show saw 25 well-known characters performing songs from some of the best-known Disney blockbusters from ‘Aladdin’ to ‘The Little Mermaid’ and ‘Toy Story’. The musical featured the ...

Sharjah / Emirates Business Key partners of Expo Centre Sharjah are in awe of the growth achieved by the MidEast Watch & Jewellery Show and are planning to scale up their participation in the future. The MidEast Watch & Jewellery Show, which is under way at Expo Centre until April 9, is celebrating its landmark 40th edition and has become ...

New office real estate in the pipeline will address the market demand for space. Offering 16,634 square metres of Gross Floor Area (GFA), a six-floor multi-tenant office block will be delivered by the end of next year within the existing first phase of the development by UAE-based Tristar Real Estate. The Accelerator 1 building, being built by Masdar as part ...

Abu Dhabi / Emirates Business Tenants encouraged their children to join them in several health activities on a mission to promote public health safety. The activities were part of First Gulf Properties’ (FGP) World Health Day Celebration. The event, which took place at the Al Yassat Compound Health Club helped to raise awareness about the importance of leading a healthy ...

Malaysia / AFP A Malaysian parliamentary report released on Thursday said a state-owned fund linked to Prime Minister NajibRazak made more than $3 billion in unexplained overseas payments and called for the fund’s former CEO to be investigated. The report presented to parliament by its Public Accounts Committee (PAC), which has examined the affair, marked the first time an official ...

Johannesburg / Bloomberg With South African President Jacob Zuma facing growing calls to resign over a series of corruption scandals, attention is turning to one potential contender to succeed him—his former wife. NkosazanaDlamini-Zuma, 67, is a long-standing heavyweight in the ruling African National Congress (ANC) party, holding several ministerial positions since the end of white-minority rule in 1994. Confirmation last ...