Reuters Bourses in the Gulf were mixed on Wednesday with Saudi Arabia’s bourse supported by the petrochemical sector while Egypt lost steam as local and regional funds exited positions. Saudi Arabia’s index rose 0.4 percent in moderate trade as Brent prices firmed over $46 a barrel. Saudi Basic Industries, the petrochemical heavyweight, climbed 0.9 percent. The insurance sub-index, usually …

  FUJAIRAH / WAM H.H. Sheikh Hamad bin Mohammed Al Sharqi, Supreme Council Member and Ruler of Fujairah, opened on Wednesday afternoon the UAE’s first berth for very large crude carriers (VLCC) on the Indian Ocean seaport of Fujairah, at cost of AED650 million. The Ruler of Fujairah stressed the keenness of the UAE, led by President His Highness Sheikh …

  NEW YORK /WAM The UAE on Wednesday formally joined the Paris Agreement, following the Cabinet’s approval on September 4. HE Dr. Thani Al Zeyoudi, UAE Minister of Climate Change and Environment, deposited the UAE’s instrument of ratification during the High-level Event for the Entry into Force of the Paris Agreement, which was convened on Wednesday by the United Nations …

  DUBAI / WAM Dubai Women Establishment, DWE, in collaboration with Hawkamah, the Institute for Corporate Governance, recently organised a training programme on the theme of, “The Principles of Corporate Governance in Government Entities”. The session targeted second and third level female leaders within the government and private sectors, with the aim of promoting the role of Emirati women and …

  Abu Dhabi / Emirates Business HE Abdullah Bin Ahmed Al Saleh, Undersecretary of the Ministry of Economy for Foreign Trade and Industry, has emphasized the UAE’s role as a major trade gateway for Chinese businesses and investments coming into the region and expanding towards various European and African markets. He pointed out the solid economic relations with China, which …

  Dubai / WAM On the occasion of 86th Saudi National Day, Vice President and Prime Minister of the UAE and Ruler of Dubai His Highness Sheikh Mohammed bin Rashid Al Maktoum issued a directive to rename Al Sufouh Street, one of Dubai’s most important streets, after the Custodian of the two Holy Mosques King Salman bin Abdulaziz Al Saud of …

  Dubai / Emirates Business More than half of UAE organizations need to adopt advanced Big Data analytics to succeed in the Internet of Things (IoT), industry experts announced today in the build-up to GITEX Technology Week 2016. The IoT is connecting machines-to-machines, such as driverless cars or robots in factories, and people-to-machines, such as with wearable devices and augmented …

  Sharjah / WAM A panel discussion to explore the strategic relationship between the UAE and India will be the highlight of this year’s Sharjah Foreign Direct Investment Forum (Sharjah FDI Forum 2016), on September 28-29, at the Sheraton Sharjah Beach Resort & Spa. Themed ‘Growing Trade Links between India and the UAE,’ the activity will form a central plank of …

  Dubai / Emirates Business Further to the directives of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, in boosting the status of the country as the Global Capital for Islamic Economy, the secretary-general office of the International Halal Accreditation Forum (IHAF) has started the groundwork in solidifying …

  Dubai / Emirates Business Azizi Developments, a leading UAE-based real estate developer with a reach into multiple international markets, has announced its plans for its newest project, Azizi Shaista Residence—a modern, urban-luxury development located in the bustling and highly-accessible Al Furjan neighbourhood in Dubai. The property adds to Azizi Developments’ already impressive portfolio, with the developer currently involved in …