February, 2016

• 20 February

  MoF to work in close collaboration with IMF

  

  ABU DHABI / WAM On the sidelines of Christine Lagarde’s, Managing Director of the International Monetary Fund (IMF), first official visit to the UAE, the Ministry of Finance (MoF) has stressed that the UAE has attained a prestigious status in terms of its relations with international financial institutions, specifically with the IMF. UAE joined IMF as a member under the ...

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• 20 February

  UAE, Russia discuss stronger cooperation

  

  ABU DHABI / WAM Dr. Amal Abdullah Al Qubaisi, Speaker of Federal National Council, FNC, has received Ilyas Umakhanov Deputy Chairmen of the Federation Council of Russia and the accompanying delegation, at FNC headquarters in Abu Dhabi. During the meeting, they discussed ways to strengthen friendship and cooperation between the UAE and Russia in various fields, especially in the parliamentary ...

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• 20 February

  SIB carries out Emirati recruitment drive

  

  SHARJAH / WAM Sharjah Islamic Bank (SIB) has initiated an appointment process of shortlisted UAE national candidates after the bank’s successful participation in the 18th National Career Exhibition, held recently at the Expo Centre Sharjah. A total of over 800 job applications were submitted during the three-day exhibition. Eman Jassim, Head of the Human Resources Group at Sharjah Islamic Bank, ...

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• 20 February

  DEWA, Dubai Land Department build ties

  

  ABU DHABI / WAM HE Saeed Mohammed Al Tayer, MD & CEO of Dubai Electricity and Water Authority ( DEWA ) met with HE Sultan Butti Bin Mejren, Director General of the Dubai Land Department ( DLD ). The two officials discussed ways to combine efforts to improve the infrastructure, and the services provided to investors and developers in the real ...

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• 20 February

  RTA to open widening of 7 km-long sector of Sheikh Mohammed bin Zayed Road next Friday

  

  Dubai / WAM Mattar Al Tayer, Director-General and Chairman of the Board of Executive Directors of Roads and Transport Authority, RTA, announced that the RTA would open next Friday the widening of the Sheikh Mohammed bin Zayed Road Project. Accordingly, the number of lanes will double from three to six lanes in each direction along this 7 km-long sector extending ...

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• 20 February

  Kuwait oil price climbs to USD27.72 per barrel

  KUWAIT / WAM Kuwait’s oil price rose USD 2.2 per barrel to USD 27.72 per barrel on Thursday against USD 25.52 per barrel on Wednesday, Kuwait Petroleum Corporation, KPC, said on Friday. According to Kuwait News Agency, KUNA, contracts of the Brent Blend, for the nearest delivery, fell 34 cents to USD33.94 pb, while the American crude contracts dropped 29 ...

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• 20 February

  IPIC welcomes strategic decisions of Austrian OMV Company

  ABU DHABI / WAM The International Petroleum Investment Company (IPIC), wholly owned by the Government of Abu Dhabi, has welcomed the new strategy announced by the Austrian’s OMV, an integrated international oil and gas company. Murtadha al-Hashemi, Chief Financial Officer, IPIC, and board member of the OMV, said that with the decline in oil prices, OMV faces difficulties, adding that ...

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• 20 February

  DAMAC announces ‘AYKON City’

  

  Dubai / Emirates Business DAMAC Properties has announced a major new project, destined to become another icon of Dubai’s real estate landscape. ‘AYKON City’ is a six tower luxury project comprising Dubai’s first all-suites, 80 storey AYKON Hotel and Residences, a 63 storey DAMAC Maison Serviced Hotel Residences, a 60 storey apartment tower, a 65 storey office tower and two ...

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• 20 February

  Abdullah: UAE ports among world’s largest, most modern

  

  ABU DHABI / WAM The UAE ports are among the world’s largest ports in terms of advanced equipment, capabilities, shipping and unloading, Dr. Abdullah bin Mohammed Belhaif Al Nuaimi, Minister of Infrastructure Development and Chairman of the Federal Transport Authority – Land and Maritime, has said. He added that the UAE has been ranked first at the Arab level and10th ...

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• 20 February

  DEWA’s MBRHE projects’ ‘installations’ saves energy

  

  DUBAI / WAM Dubai Electricity and Water Authority (DEWA) will supply 2,000 existing and new homes from the Mohammed Bin Rashid Housing Establishment (MBRHE) project with 160,000 LED light bulbs and photovoltaic panels. The move aims to reduce the demand for energy as well as the medium and long terms costs for electricity, the plan follows the signing of a ...

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