Dubai / WAM The Roads and Transport Authority (RTA), has officially awarded an AED10.6 billion contract of Route 2020 Project to Expolink, a consortium of French, Spanish and Turkish companies. The contract covers the extension of the Red Line of Dubai Metro of 15kms from Nakheel Harbour and Tower Station to the site of Expo 2020 Dubai, as well as ...

  Dubai / Emirates Business DAMAC Properties on Monday announced the new release of units in DAMAC Maison Privé, waterfront hotel apartments in the Burj area with direct views of Business Bay’s marina. The leading luxury real estate developer is providing the opportunity for investors to own a luxury hotel apartment with superior services, presenting both an ideal vacation home ...

  Abu Dhabi / Emirates Business Abu Dhabi e-Government, through the participation of 21 government entities, is preparing to showcase its array of digital achievements and innovations at the GITEX Technology Week 2016 that will be held at the Dubai World Trade Centre (DWTC), from October 16-20. Abu Dhabi e-Government’s fifth consecutive participation at GITEX is organised by Abu Dhabi ...

  Sharjah / WAM Sharjah Asset Management (SAM), the investment arm of the Government of Sharjah, and Apleona (formerly Bilfinger Facility Management and Building Services), today signed a joint venture agreement for a new world class facilities management company. The joint venture, facilitated by Waleed Al Sayegh, CEO of SAM, and Dr. Gert Riegel, COO of Apleona Facility Management, Frankfurt, is ...

  Dubai / WAM The United Kingdom-based fDi magazine has recognised Jebel Ali Free Zone (Jafza), Dubai, the flagship trade and logistics hub of the United Arab Emirates (UAE), for the wider Middle East region and Africa, as ‘Free Zone of the Year’ in three categories. Among the awards, Jafza won was ‘Free Zone of the Year, Large Tenant, and Middle ...

  Abu Dhabi / Emirates Business HE Obaid Humaid Al Tayer, Minister of State for Financial Affairs, headed the Arab Group at the International Monetary and Financial Committee (IMFC) meetings and the Arab Group’s coordination meetings. The meetings took place alongside the 34th annual meetings of the International Monetary Fund (IMF) and the World Bank Group (WBG) in Washington DC. ...

  Dubai / WAM The Energy Demand Side Management Executive Committee of the Dubai Supreme Council of Energy has been advised that savings in energy are expected to be about 5 percent and in water around 3.5 percent by the end of this year. The meeting was also told that savings achieved during 2015, and over the last 5 years, have ...

  Dubai / WAM The Emirates Foundation launched the first nationwide Kafa’at Internship Fair, 2016, to connect Emiratis with top employers across the UAE and opening up a variety of internship opportunities that align with their career ambitions. Under the patronage of Sheikh Abdullah bin Zayed Al Nahyan, Minister of Foreign Affairs and International Cooperation and Chairman of Emirates Foundation, and ...

  Bloomberg The oil-price could recover to $60 a barrel by the end of 2016, said Saudi Arabia’s Energy Minister, just weeks after agreeing to cut supply for the first time in eight years. The world’s largest crude exporter will work with other producers to determine output caps and is “optimistic” about reaching a deal by the end of November, ...

  Bloomberg OPEC’s first deal to cut output in eight years has spurred a running of the oil bulls. Prices surged, breaching $50 a barrel, since the Organization of Petroleum Exporting Countries agreed to the cut on Sept. 28 in Algiers. The group, which pumped at a record in September, will decide on quotas for its members at an official ...