Dubai / AFP Dubai-based port operator DP World said on Thursday it has acquired an additional 23.94 percent stake in South Korea’s Pusan NewPort Company, giving it a majority shareholding. The purchase from Samsung Corporation brings to 66.03 percent DP World’s stake in PNC, which operates the largest terminal at the port of Pusan, the company said in a ...

  DUBAI / WAM In a bid to strengthen its network of relations with various stakeholders and regional and international entities, the Ministry of Finance (MoF) received a delegation from Kuwait Capital Markets Authority on its premises in Dubai. The visit aimed to review the ministry’s experience in risk management and internal audit in government financial work. Faisal Al Mansouri, ...

  RIYADH / WAM Saudi Minister of Energy, Industry and Mineral Resources, Khalid bin Abdulaziz Al-Faleh, met Yemeni Minister of Electricity and Energy, Abdullah Al-Akwa’, and his accompanying delegation. According to the Saudi Press Agency, SPA, the meeting touched on means of boosting bilateral cooperation between Saudi Arabia and Yemen, and the mechanism for the implementation of bilateral connection between ...

ABU DHABI / WAM Twofour54, the commercial arm of Abu Dhabi’s Media Zone Authority, and Abu Dhabi Fund for Development (ADFD), the national organisation owned by the Abu Dhabi government, have signed a memorandum of understanding (MoU) to promote their co-operation, exchange of information and media expertise. Under the agreement, the fund will receive technical support for its services and its ...

  Dubai / Emirates Business Azizi Developments – a leading UAE-based real estate developer with global reach into international markets – met with the Dubai Land Department on Thursday, following their recent announcement of 50 new projects for the coming year. The developer discussed Dubai’s economic situation, the current market conditions and predictions for the upcoming year as well as ...

  Abu Dhabi / WAM The Organising Committee of Sheikh Zayed Heritage Festival has extended the festival’s activities for three more weeks to celebrate its remarkable success and notable public turnout. The event started on December 1 and will run till New Year’s Day, 2017, in Al Wathba, Abu Dhabi, under the theme “The UAE a crossroads of civilisation.” The announcement ...

  Dubai / WAM Dubai Silicon Oasis Authority (DSOA), the regulatory body of Dubai Silicon Oasis, DSO, the integrated free zone technology park, has organised two fire drills for the seventh consecutive year. Arranged in collaboration with Dubai Civil Defence, Dubai Police, and Dubai Corporation for Ambulance Services, the exercises took place on two separate days. Conducted at the DSOA headquarters ...

  Sharjah / WAM Bee’ah, a Sharjah-based integrated environment and waste management company, has been awarded a five-year contract by Dubai Refreshments, DRC. As Bee’ah’s first food and beverages, F&B, commercial contract, the recent win is affirmation of the company’s goal to expand its presence in the region by investing in various industries. Speaking on the occasion, Khaled Al Huraimel, Group ...

  Dubai / WAM The Dubai Health Authority (DHA) announced that insurance companies are to continue accepting health insurance applications into 2017 due to the high influx of customers flocking to insurance companies in the last few days of the year and in consideration of those who were not able to get insurance in time due to circumstances. More than four ...

  Dubai / Emirates Business Emirates National Oil Company (ENOC) recognised its unsung heroes who helped control 100 percent of fires up to the third quarter of 2016 across its retail network. As part of its ongoing commitment to environment, health and safety (EHS), ENOC has an agreement with Dubai Civil Defense (DCD) since 2011 to use its training facility ...