Dubai / WAM Since it was opened in 1960, Dubai International Airport (DXB), has welcomed nearly one billion travellers, becoming one of the world’s busiest airports, said the airport operator Dubai Airports in a statement on the occasion of the 58th birthday anniversary of the airport. ”Today, 58 years and 974,461,017 customers later, DXB is the world’s busiest international airport ...

Abu Dhabi / WAM His Highness Sheikh Hamdan bin Rashid Al Maktoum, Deputy Ruler of Dubai, UAE Minister of Finance and Chairman of Etihad Credit Insurance (ECI), Board of Directors, lauded ECI’s efforts during the first seven months of its operations, signifying a strong start to the vital role it plays in supporting the country’s exports activity and the development ...

Geneva / WAM The UAE Ministry of Economy (MoE), signed a Memorandum of Understanding (MoU), with the World Intellectual Property Organisation (WIPO), establishing Fund-In-Trust which will promote activities of the Intellectual Property Rights (IPR), in developing countries and least developed countries. The signing ceremony – held during Emirati Day at the WIPO premises – was organised by MoE in cooperation with ...

Abu Dhabi / WAM Abu Dhabi Securities Exchange (ADX), has listed Reem Investments shares on the second market, a market dedicated for trading of shares of private companies, under the symbol ‘REEM’. Trading on Reem Investments shares officially started on September 30 of the current year. Speaking on the listing of the company’s shares on ADX, Abdulhamid Mohammed Saeed, Managing ...

Dubai / WAM Etisalat announced on Sunday that it has teamed up with Skylines Tax Consultancy to offer free Value Added Tax (VAT) filing services exclusively for its Small and Medium Business (SMB) customers at the ‘Hello Business Hub’. This is keeping in line with UAE government’s VAT legislation which introduced a five percent VAT on January 1 this year. ...

ABU DHABI / WAM Under the patronage of His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, and in partnership with the Saudi Commission for Tourism and National Heritage (SCTH), Louvre Abu Dhabi hosts ‘Roads of Arabia: Archaeological Treasures of Saudi Arabia’, the second international exhibition on ...

Bloomberg America’s fastest-growing source of energy has a power problem. The Permian Basin, which produces almost 4 million barrels of oil a day, has expanded so quickly that suppliers of the electricity needed to keep wells running are struggling to keep up. The Delaware portion alone consumed the equivalent of 350 megawatts this summer, tripling the load from 2015. That’s ...

Bloomberg Euro-area inflation accelerated in September amid a surge in energy costs, while underlying price moves remained more subdued. The core measure of inflation, which strips out volatile energy and food, fell to 0.9 percent from 1 percent. That’s a blow to European Central Bank President Mario Draghi, who just this week cited faster wage growth and a “relatively vigorous” ...

Bloomberg The best-performing stock in Egypt this year might be about to reward investors even more as a turnaround plan moves forward and the company completes a long-awaited project. Qalaa Holdings SAE, the Egyptian investment firm formerly known as Citadel Capital, is pushing to end annual losses by selling underperforming assets and lowering debt before its flagship oil refinery venture ...

Bloomberg It seems hedge funds are jumping on the $100 crude bandwagon. As speculation increases that global oil prices could again trade that high, money managers are piling on bullish wagers, while short-selling shrinks. They are the most optimistic on a rally of Brent crude in over four months. This week, the benchmark closed above $80 for the first time ...