May, 2017

• 2 May

  5G-enabled industry in UAE to reach $6.5bn

  

    ABU DHABI / Agencies In a new report from Ericsson, ICT players who leverage 5G to digitalize industries can capture business worth 6.5 billion US dollars by 2026 in UAE. The report is titled “The 5G business potential – Industry digitalization and the untapped oppor- tunities for operators” and it analyzes the 5G business opportunity that comes from industrial ...

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• 2 May

  Infrastructure projects worth AED 410 million approved

  

    ABU DHABI / WAM The Follow up Committee of the Initiatives of the UAE President has approved a number of projects totalling AED410 million in implementation of the directives of President His Highness Sheikh Khalifa bin Zayed Al Nahyan, and the follow-up of His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme ...

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• 2 May

  FAB’s liquidity amounts to AED134.4bn

  

    ABU DHABI / WAM First Abu Dhabi bank’s liquidity surged to AED 134.4 billion during the Q1 2017 from AED130 billion by the end of 2016 as per the financial statements released by the new banking entity created after the merger of the National Bank of Abu Dhabi and First Gulf Bank. The considerable cash level reflects the high ...

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• 2 May

  Mideast M&A deal value records robust growth

    Dubai / Emirates Business Mergermarket, the leading provider of M&A data and intelligence, has published its Q1 2017 M&A Brief for the Middle East. The report shows that the Middle East has benefitted from foreign and domestic investment in Industrials & Chemicals, with the sector driving Q1 M&A to reach its highest value in eight years (16 deals, worth ...

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• 2 May

  Oil, spending cuts prop GCC economic growth, says IMF

  

    DUBAI / WAM Spending cuts and a relative stability in oil prices are helping GCC states record a current account surplus, the International Monetary Fund (IMF) said on Tuesday. The IMF’s Regional Economic Outlook for the Middle East and Central Asia, released on 2nd May in Dubai, emphasises that the countries will need to continue with plans to diversify ...

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• 2 May

  DFM to organise investor roadshow in London

    Dubai / WAM Dubai Financial Market (DFM) will organise its International Investor Roadshow in London on May 17 and 18. Senior representatives from 16 companies listed on DFM and Nasdaq Dubai will update London-based international fund managers on their respective companies’ growth strategies as well as most recent developments. Organised in collaboration with HSBC, the roadshow will take place ...

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• 2 May

  Nawah Energy Company holds first board of directors meeting

    ABU DHABI / WAM The Nawah Energy Company, the newly-formed nuclear operating joint venture company, between the Emirates Nuclear Energy Corporation (ENEC) and Korea Electric Power Corporation (KEPCO) held its first Board of Directors meeting. The board was chaired by Saeed Fadhel Al Mazrooei, joined by David Scott as Vice Chairman along with board members Mohamed Al Hammadi, Ahmed ...

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• 2 May

  Trump says he’d meet North Korea’s Kim if conditions right

  

    Bloomberg US President Donald Trump said he would meet with Kim Jong Un amid heightened tensions over North Korea’s nuclear weapons program if the circumstances were right. “If it would be appropriate for me to meet with him, I would absolutely, I would be honored to do it,” Trump said on Monday in an Oval Office interview with Bloomberg ...

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• 2 May

  Merkel tells Putin EU sanctions have to remain

    Bloomberg German Chancellor Angela Merkel told President Vladimir Putin that European Union sanctions will have to remain on Russia, in a chilly encounter in the Black Sea resort of Sochi that exposed their differences on issues from Ukraine and human rights in Chechnya to Russian electoral interference. Addressing a joint press conference with Putin after about two hours of ...

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• 2 May

  May: Juncker clash shows Brexit talks will ‘not be easy’

    Bloomberg U.K. Prime Minister Theresa May alluded to the leaked details of her disastrous dinner with Jean-Claude Juncker to remind voters that Brexit talks will be tough and she alone is up to the task. Germany’s Frankfurter Allgemeine Sonntagszeitung newspaper on Sunday said that the European Commission president left the April 26 talks at Downing Street shocked at May’s ...

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