January, 2019

• 23 January

  UAE investments in Egypt reach $5.9bn in four years

  

  ABU DHABI / WAM The UAE is the second largest Arab investor in Egypt with $5.9 billion in investments over the past four years until the end of 2018, according to a top Egyptian official. Speaking to reporters on the sidelines of the First Arab Corporate Citizenship Forum held on Wednesday in Abu Dhabi, Chief Executive of the Egyptian General ...

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• 23 January

  DP World buys additional stake in Australian unit

  

  DUBAI / WAM DP World on Wednesday announced that it has acquired an additional stake in DP World Australia (DPWA) from Gateway Infrastructure Investments and other financial investors, valuing DP World Australia at an enterprise val-ue of approximately AU$1.4 billion ($997 million). The acquisition is subject to regulatory approval and is expected to close in Q1 2019. Following the closure ...

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• 23 January

  Alwaleed’s firm supports merger of Uber, Careem

  Bloomberg Kingdom Holding Co, one of Careem Networks FZ’s biggest backers, supports a potential merger between the Middle East ride-hailing firm and Uber Technologies Inc, according to the head of Prince Alwaleed Bin Talal’s investment firm. “We don’t interfere nor are we party to the discussions, and if it ever happens I think we are supportive of it yes,” Chief ...

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• 23 January

  China resists US-EU talks on global digital trade pact

  

  Bloomberg China risks being locked out of talks to establish new global rules to govern the $25 trillion e-commerce marketplace as the US and other nations resist an effort by Beijing to curb the plan’s ambition, according to people familiar with the talks. Negotiations, which are set to be launched on Friday on the sidelines of the World Economic Forum’s ...

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• 23 January

  Damac plans to invest $1.3bn in London market

  Bloomberg Dubai’s Damac Properties PJSC plans to take advantage of the weak pound to invest as much as 1 billion pounds ($1.3 billion) in London’s real estate market. Chairman Hussain Sajwani said the Dubai-based property developer is looking at deals with values from 500 million pounds to 1 billion pounds in central London. Even if the UK left the European ...

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• 23 January

  Dafza to showcase facilities for healthcare sector at Arab Health

  

  Dubai / Emirates Business Dubai Airport Freezone Authority (Dafza) announced that it will be participating in the 15th edition of Arab Health Exhibition and Congress “Arab Health 2019”, to highlight the competitive services and features that it provides for the healthcare sector. The event will be held at Dubai International Exhibition and Convention Centre from January 28 – 31. Dafza’s ...

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• 23 January

  Etihad to host major global cabin crew recruitment drive

  

  Emirates Business Etihad Airways, the award winning national airline of the United Arab Emirates, is hosting a major recruitment drive globally, seeking individuals with outstanding hospitality experience to join the airline’s World Leading Cabin Crew. The international recruitment days will take place in 19 different cities across Australia, Europe, the Middle East and Africa including the United Kingdom, France, Slovakia, ...

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• 23 January

  CBD net profit up 16% in ’18

  

  Dubai / Emirates Business Commercial Bank of Dubai (CBD) on Wednesday reported its financial results for the year 2018. In a statement, the bank said that its operating income of AED 2,725 million was up 3.1% year on year, while operating expenses decreased by 4.7% to AED 858 million. The bank’s operating profit of AED 1,866 million before impairment allowances ...

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• 23 January

  UAE views sustainability as a ‘global priority’: Al Tayer

  

  Dubai / WAM The Dubai Supreme Council of Energy released on Wednesday the fifth ‘State of Green Economy Report’ during a ceremony at the Etihad Museum in Dubai. The 2019 edition was compiled by the Council in collaboration with the Dubai Carbon Centre of Excellence, and Dubai Electricity and Water Authority (Dewa). It highlights the key achievements of active institutions ...

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• 23 January

  Ahmed bin Saeed attends Sita regional 2019 launch

  

  Dubai / WAM His Highness Sheikh Ahmed bin Saeed Al Maktoum, Chairman of Dubai Civil Aviation Authority and Chairman and Chief Executive of Emirates Airline and Group, on Wednesday attended the opening of Sita 2019 for the Middle East, India and Africa region (MEIA), at the JW Marriott Marquis in Dubai. Sheikh Ahmed witnessed Sita’s business objectives and outlook for ...

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