March, 2019

• 27 March

  Aramco to buy $69 billion Sabic stake in record deal

  

  Bloomberg Saudi Aramco, the world’s biggest oil producer, will buy a majority stake in local chemical giant Sabic from the kingdom’s sovereign wealth fund for $69.1 billion, transferring a big slug of cash from one arm of the state to another to help finance Crown Prince Mohammed bin Salman’s economic agenda. The Middle East’s biggest ever deal was first mooted ...

  Read More »
• 27 March

  Sharjah unveils AED2b sustainable city project

  

  SHARJAH / WAM HH Dr Sheikh Sultan bin Muhammad Al Qasimi, Sup-reme Council Member and Ruler of Sharjah, launched the ‘Sharjah Sustainable City’ project on Wednesday. The AED2 billion project is the first urban mixed-use project in the emirate, which meets the highest standards of green economy and environmental sustainability. The project is the outcome of a strategic partnership between ...

  Read More »
• 27 March

  RAK eyes more tourists from eastern Europe

  

  RAS AL KHAIMAH / WAM Ras Al Khaimah Tourism Development Authority (RAKTDA) is holding a series of roadshows targeting key Eastern European countries to promote the destination, highlight the emirate’s latest product developments and unique offerings. A delegation from the authority visited cities of Budapest, Bucharest, Bratislava, Moscow, Kazan, Novosibirsk and St. Petersburg over the course of two months, and ...

  Read More »
• 27 March

  TAMM boosts digital services

  Abu Dhabi / WAM Abu Dhabi Smart Solutions and Services Authority (ADSSSA) and VMware have announced a collaboration which will see former leverage a range of VMware solutions. This includes digital solutions to support Abu Dhabi’s unified government services platform (TAMM). ADSSSA is consolidating 1,600 government services into 80 end-to-end journeys. It is using VMware solutions to help foster an ...

  Read More »
• 27 March

  Dubai Chamber to lead trade team to Panama

  DUBAI / WAM Dubai Chamber of Commerce and Industry annou-nced that it will lead a high-level delegation of UAE government officials and prominent businessmen to Panama in April, to explore new growth opportunities in markets across Latin America and the Caribbean region. Kicking off on April 6, the trade mission will coincide with 3rd Global Business Forum (GBF) Latin America ...

  Read More »
• 27 March

  Hopes high as US, China trade talks set to resume

  

  Bloomberg US and Chinese officials resume high-level trade talks this week as they close in on a deal that could just be the first step in the long road to economic peace. President Donald Trump’s top trade negotiator, Robert Lighthizer, and Treasury Secretary Steven Mnuchin are due to visit Beijing on Thursday and Friday, while top Chinese negotiator, Vice Premier ...

  Read More »
• 27 March

  UAE top hotspot for startups

  

  DUBAI / WAM Studies indicate that the UAE is the world’s top hotspot for hundreds of startups followed by New Zealand, Singapore, Norway, Germany, Japan and Sweden. It is observed that startups in the country are mainly involved in e-commerce, marketplaces, and infrastructure/ software as a service, which account for 69 percent of the total number of startups. About 52 ...

  Read More »
• 27 March

  ‘Media Lab’ to boost entrepreneurial growth in Ajman

  

  Ajman / Emirates Business HE Sheikh Abdul Aziz bin Humaid Al Nuaimi, Chairman of Ajman Media City Free Zone (AMC FZ) announced the launch of first-of-its-kind Media Lab which will serve as a learning and development hub for entrepreneurs, business owners and the UAE youth and future leaders alike. “Since the launch of AMC FZ, we have strived to be ...

  Read More »
• 27 March

  Ras Al Khaimah eyeing more European tourists

  

  RAS AL KHAIMAH / WAM Ras Al Khaimah Tourism Development Authority (RAKTDA), is holding a series of roadshows targeting key Eastern European countries to promote the destination, highlight the emirate’s latest product developments and unique offerings. A delegation from the authority visited the cities of Budapest, Bucharest, Bratislava, Moscow, Kazan, Novosibirsk and St. Petersburg over the course of two months, ...

  Read More »
• 27 March

  Saif Zone highlights investment incentives to Chinese investors

  

  SHARJAH / WAM The Sharjah Airport International Free Zone (Saif Zone), held an expanded business meeting with a high-ranking Chinese delegation interested in making Sharjah a centre of their operations in the region. The 60-member delegation comprised officials and businessmen from the Chinese Business Union and Society, Liaoning Business Council, Shanghai Business Union and Society and other Chinese bodies and ...

  Read More »