January, 2018

• 22 January

  Abu Dhabi gets bids for offshore oil fields

  

  Bloomberg Abu Dhabi’s government oil producer received bids in the fourth quarter from international energy companies seeking stakes in offshore fields that pump about 25 percent of the Persian Gulf emirate’s crude. Abu Dhabi National Oil Co. is reviewing commercial bids from the companies it will choose from to help develop the deposits in a new joint venture, Adnoc said ...

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• 22 January

  Abu Dhabi, Indonesia to boost trade cooperation

  

  Abu Dhabi / WAM Mohammed Thani Murshed Al Rumaithi, Chairman of the UAE Federation of Chambers of Commerce and Industry and Chairman of the Abu Dhabi Chamber of Commerce and Industry, and Husin Bagis, Ambassador of Indonesia to the UAE, discussed ways of promoting cooperation ties in investment and tourism sectors. Al Rumaithi praised the level of economic cooperation between ...

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• 22 January

  RTA, Sustainable City sign pact to operate autonomous vehicles

  DUBAI / WAM The Roads and Transport Authority (RTA) and the Sustainable City Project have signed a Memorandum of Understanding (MoU) for the operation of autonomous vehicles within the facilities of the project situated in Dubai Land, Al Qudra Road, starting from February. The step stems from the keenness of both parties to support Dubai Government strategy of converting 25% ...

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• 22 January

  Stocks, Treasuries gain as Senate vote to end shutdown

  

  Bloomberg Stocks and Treasuries gained, while the dollar erased losses as the US Senate prepared to vote on ending a partial government shutdown. The S&P 500 Index rose following a third straight weekly advance as investors awaited about 80 earnings reports this week, including from Netflix Inc. and Proctor & Gamble Co. The dollar edged higher along with 10-year Treasuries ...

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• 22 January

  Hong Kong market rally drives share sale boom

  

  Bloomberg Hong Kong’s market rally is benefiting developers to drugmakers, which rushed to sell stock in the biggest week for follow-on equity offerings in more than two years. Companies listed in the city priced a combined $2.5 billion of such share sales last week, making it the busiest week since June 2015, according to data compiled by Bloomberg. The flood ...

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• 22 January

  Gulf stock markets sluggish

  Reuters Gulf stock markets were sluggish in early trade on Monday with real estate developers weighing on Dubai because of continued concern about the impact of ample supply of new homes on the sector. The Dubai index lost 0.6 percent to 3,492 points as Emaar Properties dropped 0.8 percent and Deyaar and Union Properties both fell 0.7 percent. In the ...

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• 22 January

  VP urges graduates to adhere to noble Arab, Islamic values

  

  AL AIN / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of UAE and Ruler of Dubai, on Sunday patronised the graduation ceremony of the 42nd batch of cadet officers of Zayed II Military College in Al Ain. The ceremony began upon the arrival of His Highness Sheikh Mohammed bin Rashid at the college ...

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• 22 January

  UAE ranks first in region in ‘global talent competitiveness index’

  Dubai / WAM The UAE occupied the first regional position and the 17th international position on the Global Talent Competitiveness Index (GTCI), according to the 2018 publication issued by the Business School for the World (INSEAD), in France. The report is a comprehensive annual benchmarking measuring how countries and cities grow, attract and retain talent, providing a unique resource for ...

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• 22 January

  Opportunities within regional marine industry highlighted

  

  ABU DHABI / Emirates Business A delegation from the Abu Dhabi International Boat Show (ADIBS) managed by Abu Dhabi National Exhibitions Company (ADNEC) attended Boot Düsseldorf, one of the largest premier marine shows for yachting, watersports and fishing currently underway in Düsseldorf, Germany. The ADIBS team’s participation, alongside partners British Marine and Superyacht UK, is aimed at increasing awareness of ...

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• 22 January

  EDB launches financing products for SMEs

  

  Abu Dhabi / Emirates Business Obaid Humaid Al Tayer, Minister of State for Finance and Chairman of the Board of Directors of Emirates Development Bank (EDB), announces the launch of financing products for small and medium-sized enterprises (SMEs), owned and operated by UAE nationals, in support of the economic and social development, taking place in the United Arab Emirates. Approximately ...

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