DUBAI / Reuters DP World has not received an offer from Djibouti to buy its stake in the Doraleh Container Terminal, a spokesman for the port operator said on Wednesday after a Djiboutian official said the stake could be bought. The DP World spokesman also said the Dubai-owned company would consider it illegal if any company entered into any agreement ...

Dubai / WAM The UAE Government has launched a global emerging technologies start-up competition, ‘GovHack Series’, in eight major cities around the world. The competition is part of the GovTech Prize, a UAE government initiative that has been running for its sixth year. The GovTech Prize works throughout the year to search for the best tech government solutions developed by ...

Abu Dhabi / WAM Mohammed Ahmed bin Abdulaziz Al Shehhi, Under-Secretary for Economic Affairs at the Ministry of Economy, met Jose Luis Kaiser, Director-General of the International Trade Office of Spain, and his accompanying delegation, to discuss means of developing the economic, commercial and investment cooperation between the UAE and Spain. During the meeting, which took place at the ministry’s ...

Dubai / WAM Mohammed Ahmed bin Abdul Aziz Al Shehhi, Under-Secretary for Economic Affairs at the Ministry of Economy, and Timothy Sargent, Deputy Minister for International Trade of Canada, have discussed economic and trade cooperation between the two countries. During a meeting held at the ministry’s headquarters in Dubai in the presence of Emmanuel Kamarianakis, Consul-General of Canada, and a ...

Dubai / WAM The ‘Arab Trade and Export Finance Conference,’ hosted in Dubai by Dubai Exports, in partnership with the Arab Federation for Industrial Exports Development (AFIED), has emphasised the importance of financing Small and Medium Enterprises (SMEs), and facilitating their access to international markets. The conference, attended by 130 delegates representing Arab, regional and international businesses, discussed global trade, ...

Bloomberg US stocks fell, pushed lower by megacap tech shares as they extended losses following a sharp selloff Tuesday afternoon. The dollar rose while Treasuries rallied as data showed American economic growth beat estimates. Volatility spiked as the Nasdaq 100 Index retreated, with Netflix Inc. and Amazon.com Inc. among the biggest losers. The gauge is heading for its fifth straight ...

Reuters Saudi Arabia’s stock market pulled back because of profit-taking on Wednesday ahead of a decision by index compiler FTSE Russell on whether to upgrade Riyadh to emerging market status, while most other regional bourses were also weak. The Saudi index has surged in recent weeks on expectations of a positive decision by FTSE on Wednesday. If MSCI also decides ...

Dubai / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of UAE and Ruler of Dubai, attended the Post-Position Draw for the Dubai World Cup 2018, which will take place on March 31, at Meydan Race Course in Dubai. His Highness welcomed the Dubai World Cup’s guests to the UAE, adding that the Cup ...

Dubai / WAM His Highness Sheikh Ahmed bin Saeed Al Maktoum, Chairman of Dubai Civil Aviation Authority and Dubai Air Navigation Services (dans), has affirmed that 2017 has been an exceptional and ground breaking year in the history of Dubai Air Navigation Services, revealing that the organisation has achieved three strategic projects that are of paramount significance to the Aviation ...

SHARJAH / WAM His Highness Dr Sheikh Sultan bin Mohammed Al Qasimi, Supreme Council Member and Ruler of Sharjah on Wednesday opened the 7th International Government Communication Forum (IGCF), at the Sharjah Expo Centre. “New technologies represent a dangerous weapon that is being misused by powers of darkness to control young generations,” HH Dr Sheikh Sultan said in his inaugural ...