January, 2017

• 21 January

  Mubadala, IPIC merger creates $125 billion fund

  

    ABU DHABI / Reuters Abu Dhabi’s government merged two of its top investment funds on Saturday to strengthen their financial clout in an era of low oil prices, creating a company with assets totalling about $125 billion. The new fund, Mubadala Investment Co, was formed by merging Mubadala Development Co and International Petroleum Investment Co, which own corporate stakes ...

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• 21 January

  SCA, MBR Foundation sign cooperation pact

    ABU DHABI / WAM The Securities and Commodities Authority (SCA) and the Mohammed bin Rashid Al Maktoum Foundation signed an agreement initiating exchange of expertise and knowledge to promote co-operation in economic and cultural development. The agreement allows the two entities to share data and statistics, co-organise relevant conferences and workshops and conduct training courses on financial markets and ...

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• 21 January

  ‘Crude output cuts deeper and faster than expected’

  

    Bloomberg OPEC and Russia said they are ahead of schedule implementing their historic agreement to curb oil output and boost prices. Saudi Arabia, Algeria and Kuwait have already made deeper cuts than required, while Russia has been able to reduce supply faster than expected, ministers from the countries said as they arrived in Vienna on Saturday. Producers have already ...

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• 21 January

  World needs 25 percent more energy to meet demand by 2040

  

    ABU DHABI / WAM At the heart of the world’s sustainable development goals lies one crucial statistic. By 2040, we will require at least 25% more energy than is currently produced to meet the needs of a rapidly growing, global population, Dr Sultan bin Ahmed Sultan Al Jaber, UAE Minister of State said. He added that keeping pace with ...

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• 21 January

  Mohamed to attend Indian Republic Day celebrations

    Abu Dhabi / WAM His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, will attend 68th Republic Day celebrations as a chief guest. During the visit, Sheikh Mohamed will hold official talks with President of India Pranab Mukherjee and Indian Prime Minister Narendra Modi. He will ...

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• 21 January

  Dubai South, Deyaar to build mixed use real estate project

    DUBAI / Emirates Business Dubai South signed a strategic alliance agreement (MoU) with Deyaar Development PJSC, for a joint development of a mixed-use project within the Residential District at Dubai South. The memorandum of understanding was signed by Ahmed Al Ansari, Acting CEO Dubai South and Saeed Al Qatami, CEO, Deyaar Development. Building on its endeavor to provide unique ...

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• 21 January

  Dolce & Gabbana court millennials, Plein launches activewear

  

    MILAN / AP If turmoil brings innovation and renovation, Italian menswear is in for a creative burst. Fashion houses are continuing their reboot of Milan Fashion Week menswear offerings, with notables like Bottega Veneta and Gucci sitting out this round, preferring to combine menswear and womenswear previews next month. That is making room for a plethora of newcomers. The ...

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• 21 January

  ‘Noon’ puts fashion centre stage to dominate e-commerce sector

  

    EMIRATES BUSINESS Noon, the Middle East’s largest online shopping platform, will use the high-street fashion segment as a central plank in its strategy to dominate the region’s fast-growing e-commerce sector. The retail powerhouse has announced that it will offer hundreds of exclusive fashion brands, five times more than its nearest competitor. Buyers will also be able to choose from ...

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• 21 January

  Trends that will rule cosmetic industry in 2017

  

    EMIRATES BUSINESS Natural to stay. Minimal Invasive to be more in Demand. Technology to drive procedures. There is a lot happening on the table of a cosmetic surgeon. A number of things have changed the way one looks at cosmetic surgery and how it is performed. Gone are those days where one was looking for over augmented looks to ...

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• 21 January

  Mohammed bin Rashid Smart Majlis receives 35,000 ideas

  

    Dubai / WAM The Mohammed bin Rashid Smart Council received more than 35,000 innovative and developmental ideas since its launch one year ago. These ideas have been studied by a team of more than 460 employees working in 41 government and private entities- in a bid to maintain the Smart Council’s role as a leading international platforms for ideas. “This ...

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