Abu Dhabi / WAM Manufacturing is ‘an important sector that needs to be ready for what’s after oil but there needs to be a shift in skills’, Saif Al Hajeri, the CEO of Tawazun Economic Council & Tawazun Holding, told the Global Manufacturing and Industrialisation Summit, taking place at the Paris-Sorbonne in Abu Dhabi. “A strong SME sector is a ...

  Abu Dhabi / WAM Government, police and industry leaders witnessed a three-day meeting which focussed on thoughts and efforts to identify a more effective path to meet challenges posed by terrorism, organised crime and cybercrime in order to improve global security. Held under the patronage of His Highness Sheikh Khalifa bin Zayed Al Nahyan, President of the United Arab Emirates, ...

  Dubai / WAM Dubai Economy on Thursday announced the adoption of the ‘Global Star Rating System for Services’ for application across commercial establishments in the emirate in the presence of Ohood bint Khalfan Al Roumi, Minister of State for Happiness. The rating system is one of the pioneering initiatives launched by the Government of Dubai in line with the directives ...

  Dubai / WAM The Asset Management Department of Roads and Transport Authority (RTA) briefed a visiting delegation from the Emirates National Oil Company, ENOC, in Dubai on the best practices and processes in asset management. The orientation began with planning for procurement of new assets, processes of monitoring the performance of assets, listing inventory as well as the numbering and ...

  DUBAI / WAM The government of Indonesia on Thursday listed two Sukuk with a total value of US$3 billion on Nasdaq Dubai. The listings raised the total nominal value of all Sukuk listed in Dubai above US$50 billion for the first time, to a global record high of US$52.06 billion. The Indonesian government is the largest issuer on the ...

  Dubai / Emirates Business Marka PJSC (DFM: MARKA), the first retail-focused listed company in the UAE, on Thursday released its audited full year 2016 financial results. For the 12 months ending December 31, 2016, the company reported total revenue of AED 294 million, an increase of 36.89 % over the full year results for 2015. The results revealed an ...

  Dubai / Emirates Business Mashreq Al Islami – the Islamic banking division at Mashreq bank, as part of its ongoing campaign to make a difference to the lives of the underprivileged, has tied up with Emirates Red Crescent to deliver its promise of the ‘contribute for good’ feature on its credit card. The bank, inspired by the UAE’s Year ...

  Dubai / Emirates Business Aster DM Healthcare, the Dubai based healthcare conglomerate, reported a healthy 2016-17 fiscal year led by its continued expansion and acquisition strategy. Over the past year, the group has expanded its network across GCC as well as India. Aster DM Healthcare also announced the closure of US$295 million, comprehensive group-wide credit facility with Axis Bank. ...

  MOSCOW / AP President Vladimir Putin on Thursday emphatically denied allegations of Russian meddling in the US presidential election and said Moscow would maintain hopes of improving relations while waiting for political infighting in Washington to stop. Putin also said he is ready to meet with President Donald Trump in Finland if that country hosts an Arctic leaders’ summit, ...

ANKARA / AP The United States and Turkey struggled on Thursday to resolve a deep dispute over the Kurdish role in the fight against the IS group, but appeared no closer to a resolution as US Secretary of State Rex Tillerson wrapped up his first trip to Turkey. As the US prepares an operation to retake the de facto IS ...