Bloomberg Abu Dhabi shelved plans for an initial public offering of a 25 percent stake in Spanish oil refiner Cepsa. “Recent international economic developments have created uncertainty in international capital markets,” said Cepsa, which is controlled by Abu Dhabi’s state-owned Mubadala Investment Co. The offering would have valued Spain-based Cepsa at between 7 billion euros ($8.1 billion) and 8.1 billion ...

DUBAI / WAM Arab Health, an exhibition for healthcare and trade professionals in the Mena region, has outlined the role of tech start-ups in playing a more vital role in the healthcare industry in areas such as personalised medicine and more efficient technology-enabled care models. The report, titled ‘Technology: Accelerating Innovation Across Healthcare’, revealed that digital health start-ups are said ...

CAIRO / WAM Noura bint Mohammed Al Kaabi, Minister of Culture and Knowledge Development, announced that the UAE will host the 22nd Conference of Arab Culture Ministers in 2020, which coincides with the 50th anniversary of the Arab League Educational, Cultural and Scientific Organisation (Alecso), and the UAE’s hosting of the world’s arts and culture at Expo 2020 in Dubai. ...

ABU DHABI / WAM The Department of Energy (DoE), the leading entity of the energy sector in Abu Dhabi, has launched the electronic licensing (e-licence) for small-scale regulated activities through Abu Dhabi Government pavilion at GITEX Technology Week 2018 held in Dubai World Trade Centre. The new initiative brings several advantages related to the mechanism of issuing licences such as ...

DUBAI / WAM The Organising Committee of the 5th World Green Economy Summit (WGES), 2018, held a press conference on Monday to announce its readiness to hold the summit, which aims to support the UAE’s efforts to achieve sustainable development and consolidate Dubai’s position as the global green economy capital. Held under the patronage of the Vice President, Prime Minister ...

ABU DHABI / WAM Dr Sultan Ahmed Al Jaber, UAE Minister of State and Group CEO of the Abu Dhabi National Oil Company (Adnoc), met Narendra Modi, Prime Minister of India, at an invitation-only energy leaders’ roundtable, as the UAE seeks to expand partnership and investment opportunities, especially in the energy sector. The roundtable, held in New Delhi, was also ...

Dubai / Emirates Business During the gala dinner at the closing of the International Conference on Medical Regulation, Dr. Reem Othman, Saudi German Hospital Group UAE’s CEO, received an honour, in the presence of HE Humaid Al Qatami, Director General of the Dubai Health Authority (DHA), in recognition of the hospital’s efforts and sponsorship of the conference, which was held ...

MUMBAI / WAM The sixth meeting of the UAE – India High Level Joint Task Force on Investments was held on Monday in Mumbai to review the progress on agreed actions from the previous meeting held in Abu Dhabi in January 2018 and to elaborate a number of new key issues of mutual importance. The meeting was co-chaired by His ...

Dubai / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, said that infrastructure projects in Dubai and the UAE are a key part of the country’s comprehensive development plans and play a vital role in enhancing the economic environment. His Highness further said that the happiness and welfare ...

Dubai / WAM The Khalifa Fund for Enterprise Development has launched its latest initiatives and upgraded services at Gitex Technology Week 2018, under the Abu Dhabi government pavilion. Khalifa Fund participation falls in line with an aim of enhancing excellence, innovation, and creativity in the country and keeping with its mission to prepare the next generation of Emirati entrepreneurs and ...