Dubai / WAM The Ministry of Infrastructure Development completed 95 per cent of a housing project for citizens in Al Taween area in the emirate of Fujairah and said it will be handed over in October. Finishing work is being done at the site after all structural and electro-mechanical work was completed, the ministry said in a report released on …

  Abu Dhabi / WAM The Emirates Philatelic Association (EPA) participated in the Thailand 2016 32nd Asian International Stamp Exhibition, which saw the participation of 21 countries. Ahmad bin Eisa Alserkal from EPA won the Gold medal for “Abu Dhabi Stamp 1963-1973” and Ian Bridle won the Gold medal for his exhibit, “Republican Postal Stationery of Java During the Revolutionary Period …

  MALI / WAM The Emirates Red Crescent (ERC) is spending AED7.5 million to provide health and food assistance to affected people in the Republic of Mali as part of the UAE’s efforts to improve the quality of life in Africa. An ERC statement said the UAE relief agency was working with a number of United Nations’ organisations to address difficult …

  Dubai / WAM Dubai Electricity and Water Authority (DEWA) announced the implementation of a number of developmental projects across all operations, and develops infrastructure to improve its services at the highest standards of efficiency, reliability, and accountability. Saeed Mohammed Al Tayer, MD and CEO of DEWA, said, “In July 2016, DEWA awarded a contract for international advisory services to develop …

  Abu Dhabi / WAM The Central Bank announced that the Money Supply aggregate M2 increased by 0.9%, from AED 1180.4 billion at the end of June 2016 to AED1191.2 billion at the end of July, 2016. The Central Bank also announced that the Money Supply aggregate M1 decreased by 2.3%, from AED481 billion at the end of June, 2016, to …

  Abu Dhabi / Emirates Business dubizzle – UAE’s leading classifieds platform – reveals impressive savings on essentials for the home through its Items for Sale section, compared to the average price of similar brand-new items. By calculating the average costs of home essentials listed on dubizzle over the past year, the platform revealed that furnishing a studio flat* and …

  AFP The latest European challenge to the all-powerful US credit ratings agencies doesn’t come from the continent’s financial capital Frankfurt — but Berlin, better known for raves than banking. “We want to become the European voice on the ratings market,” declares Torsten Hinrichs, chief executive of Scope Ratings. From his office overlooking the huge Tiergarten park, once the hunting …

  AFP Embattled automaker Volkswagen will hold talks on Monday with two component suppliers, in a bid to end a stand-off over car parts deliveries that has severely disrupted production at the German giant. ES Automobilguss, which supplies cast gearbox components, and Cartrim, which makes seat covers, suspended their deliveries in August over a legal dispute with Volkswagen. VW secured …

  Bloomberg In Carmel, Calif., Aston Martin announced the addition of a sister car to the Vanquish Zagato coupe it debuted earlier this year: the Vanquish Zagato Volante. Aston will make only 99 of the Vanquish Zagato Volante open-top cars. The lower body sills are carbon fiber; its V12 engine gets nearly 600 horsepower. Sprint time to 60mph is 3.7 …

  AFP The German central bank’s call for people to work until age 69 has reignited a fierce debate in Europe’s fast-ageing top economy, with analysts backing it while politicians show their opposition ahead of key elections. Economy Minister and Vice-Chancellor Sigmar Gabriel was swift to condemn it, saying: “A factory worker, a shop assistant, a nurse, a care-giver would …