April, 2019

• 15 April

  Dubai launches sponsorship scheme for leisure events

  

  Dubai / Emirates Business Dubai’s Department of Tourism and Commerce Marketing (Dubai Tourism) announced the launch of a new sponsorship scheme to drive continued innovation and sustainability across Dubai’s events industry. Reaffirming Dubai’s position as a global events hub, the scheme is designed to further empower leisure event organisers with additional incentivisation opportunities in the form of event sponsorship. The ...

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• 15 April

  Fujairah plans to build AED100 mn stadium

  

  FUJAIRAH / WAM His Highness Sheikh Mohammed bin Hamad bin Mohammed Al Sharqi, Crown Prince of Fujairah, signed, in his office in the Emiri Court, a contract to construct the Dibba Sports Club Stadium with the Fuj Singh International Company, as per the directives of His Highness Sheikh Hamad bin Mohammed Al Sharqi, Supreme Council Member and Ruler of Fujairah, ...

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• 15 April

  UAE, Italy consolidating economic partnership

  

  Dubai / WAM The UAE- Italy non-oil trade exchange amounted to $7.8 billion in 2017 and exceeded $5.7 bn during the first nine months of 2018, according to Sultan bin Saeed Al Mansouri, Minister of Economy. The minister said this while delivering the inaugural remarks of the Italy-UAE Business Forum which opened on Monday in Dubai in the presence of ...

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• 15 April

  ‘Tolerance forms integral pillar of work relationship’

  

  Cairo / WAM Workplace relationship in the UAE is based on tolerance, dialogue, accepting the other, respect for diversity, combating discrimination and guarantee of rights, affirmed Nasser bin Thani Al Hamli, UAE Minister of Human Resources and Emiratisation, at the 46th Arab Conference in Egyptian capital, Cairo, on Monday. “In the Year of Tolerance 2019, the UAE is embedding the ...

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• 15 April

  Fear grips Norway’s oil industry as political risk explodes

  

  Bloomberg Oil companies in Norway may pay some of the highest taxes and wages in the world but they could always count on support in the halls of power. Then last week the country’s biggest political party pulled out the rug from under that certainty in a dramatic policy shift to abandon support for drilling off the Lofoten islands. As ...

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• 15 April

  Papua New Guinea minister quits over gas deal

  

  Bloomberg Papua New Guinea’s Finance Minister James Marape has left the government, citing differences with Prime Minister Peter O’Neill over resources policy, days after the state signed a deal with France’s Total SA on a liquefied natural gas expansion project. Marape announced his resignation in a Facebook Inc. post, saying his voice was not being heard on policy-related matters, including ...

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• 15 April

  Estonia blocks $1.9b wind park at sea on security concerns

  

  Bloomberg The Estonian government has decided not to proceed with an application for a 600-megawatt wind farm by developer Saare Wind Energy OU, citing security concerns. The company had been drawing up plans for four years and had applied for a 50-year building permit for 100 six-megawatt turbines off the island of Saaremaa. The cost of the project was estimated ...

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• 15 April

  Mass production of iPhones to start in India

  

  Bloomberg Foxconn Technology Group Chairman Terry Gou said the iPhone will go into mass production in India this year, a shift for the largest assembler of Apple Inc’s handsets that has long concentrated production in China. Gou said that Prime Minister Narendra Modi has invited him to India as his Taiwanese company plans its expansion in the country. Apple has ...

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• 15 April

  Singapore home sales surge as developers market new projects

  

  Bloomberg Private-home sales in Singapore soared in March as developers marketed more projects after a typically slower February that included the Chinese Lunar New Year holiday. Developers sold 1,054 units last month, more than double the 455 in February, the Urban Redevelopment Authority said in a statement. Residential home prices decreased for a second straight quarter in the three months ...

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• 15 April

  India seen getting near-normal monsoon as El Nino risk looms

  Bloomberg India’s southwest monsoon, which waters more than half of the country’s farmland and is crucial for economic growth, is expected to be ’near-normal’ this year as the risk of an El Nino weather pattern looms. Annual rainfall during the June-September rainy season is likely to be 96 percent of a long-term average, the India Meteorological Department said. The forecast ...

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