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Aramco gets $100b in orders for bond deal

Bloomberg Saudi Arabian oil giant Aramco received more than $100 billion in orders for its maiden global bond. The bond sale, the most highly anticipated in recent memory, is set to be the largest-ever in emerging markets and one of just a handful of times that a company anywhere in the world received more than $100 billion in bids for ...

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Renewables cut $10trn off cost for climate goal

Bloomberg The cost of reaching global climate goals is falling rapidly as wind and solar prices plummet and policy makers push electrification as the main tool to cut pollution, the International Renewable Energy Agency said. The group known as Irena revised down its estimates for global investments needed by 2050 in clean energy to meet targets under the Paris Agreement ...

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Multi-currency travel card launched in Dubai

Dubai / Emirates Business Mint Middle East (MME) is set to make carrying money while travelling a hassle-free experience and strengthen the ability of financial institutions to keep an accurate record of their customers. At the 2019 edition of Seamless, the region’s largest payments and commerce technology conference and exhibition, Mint Middle East is launching two new products — to ...

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UAE backs China’s One Belt One Road Initiative

DUBAI / WAM The UAE is set to play a big role in China’s One Belt and One Road Project, as stated on the sidelines of Annual Investment Meeting (AIM), which runs until April 10 in Dubai. The 9th edition of AIM brought to focus several investments and projects associated with the initiative. Abdulla Al Saleh, Undersecretary for Foreign Trade, ...

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Dubai Tourism partners with Gulf Reps to woo more tourists from GCC nations

Dubai / WAM Dubai Tourism has announced a new GCC-wide partnership with Gulf Reps, one of the region’s travel consultancy agencies, as part of its ongoing drive to attract more visitors from across the Gulf to holiday in the emirate. The partnership will give Dubai’s Department of Tourism and Commerce Marketing, Dubai Tourism, access to Gulf Reps’ extensive network of ...

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FAHR International Conference to see 600 participants

DUBAI / WAM Opportunities and challenges facing future organisations, business establishments and pioneers in the human resources industry will be the focus of the 9th edition of FAHR International Conference. Held under the patronage of His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of Dubai Executive Council, the two-day conference will kick-off ...

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UAE-Serbia Joint Committee’ holds first meet in Belgrade

BELGRADE / WAM The Serbian capital, Belgrade, on Tuesday hosted the ministerial meeting of the first session of the “UAE-Serbia Joint Committee.” The meeting was headed by Dr Sultan bin Ahmad Sultan Al Jaber, Minister of State, and Sinisa Mali, Minister of Finance of Serbia. The UAE delegation included several officials representing various federal and local government authorities and private ...

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President of Bolivia praises his country’s relations with UAE

DUBAI / WAM Evo Morales, President of Bolivia, praised the relations between the UAE and Bolivia while highlighting the fact that the two countries enjoy many factors that encourage growth, especially in light of their promising economic, trade and investment capabilities. He made this statement while meeting Dr Abdullah bin Mohammed Belhaif Al Nuaimi, Minister of Infrastructure Development, on the ...

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Arab Parliament lauds UAE-Saudi $200mn pledge to Yemenis

Cairo / WAM Dr Mishaal bin Fahm Al-Salami, Speaker of the Arab Parliament, highly praised the joint humanitarian initiative of the United Arab Emirates and Saudi Arabia to allocate $200 million in a coordinated campaign of emergency humanitarian assistance in cooperation with United Nations organisations aimed at alleviating the suffering of the brotherly Yemeni people. The Arab Parliament Speaker emphasised ...

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