January, 2017

• 19 January

  IS Trump-Putin mutual admiration an asset

    World is waiting to see where the mutual admiration between President-elect Donald Trump and Russian President Vladimir Putin will proceed to. Will this wooing translate into a long-term courtship? Trump called Putin smart guy. The Republican said, “if Putin likes me, it’s an asset.” Trump also initially out-rightly rejected the intelligence agencies’ findings about Russian hacking and called it ...

  Read More »
• 19 January

  Middle Eastern Debt issuance reached US$77.8bn in 2016

  

    Dubai / WAM Middle Eastern investment banking fees reached US$820.8 million during 2016, an 18 per cent increase compared to fees recorded during 2015 and the highest annual fee total in the region since 2008, according to the annual investment banking analysis for the Middle East region, by leading business information provider Thomson Reuters. “Bolstered by Saudi Arabia’s $17.2 billion ...

  Read More »
• 19 January

  MoF takes part in ‘Arab ministries of finance’ meet

    Abu Dhabi / WAM The Ministry of Finance (MoF) participated in the Second Annual Under-Secretaries of Arab Ministries of Finance meeting which commenced in Abu Dhabi. The meeting, which was organised by the Arab Monetary Fund, AMF, in cooperation with the MoF, was attended by Younis Haji Al Khoori, Under-Secretary of MoF, and Khalid Ali Al Bustani, Assistant Under-Secretary for ...

  Read More »
• 19 January

  ET to launch roadside assistance app

    Dubai / WAM Mohammed Abdullah Al Jarman, General Manager of Emirates Transport (ET) launched a demonstration version of a smart application that will enable drivers to request roadside assistance in the event of a breakdown, or other car-related trouble. According to Al Jarman, the new application is in the pilot phase and will currently only be available to serve the ...

  Read More »
• 19 January

  UPS, Emirates Foundation sign ‘grant agreement’ to promote safe driving

    Dubai / WAM To promote road safety in the UAE, the UPS Foundation has announced an initial grant and in-kind commitment of more than US$40,000 to the Emirates Foundation, an independent philanthropic organisation set up by the Abu Dhabi government to facilitate public-private funded initiatives to improve the welfare of youths across the UAE. UPS and Emirates Foundation volunteers will ...

  Read More »
• 19 January

  ENOC appoints new board for its subsidiary, Dragon Oil

    Dubai / WAM Dubai-government owned Emirates National Oil Company Group, ENOC, on Thursday announced that it has appointed a new board of directors for its wholly-owned subsidiary, Dragon Oil. HH Sheikh Hamdan bin Rashid Al Maktoum, Deputy Ruler of Dubai and UAE Minister of Finance, was selected as the company’s new chairman, the company said in a statement. Saeed Mohammed ...

  Read More »
• 19 January

  World Future Energy Summit sees 60% growth in buyer demand

  

    Abu Dhabi / WAM The 10th World Future Energy Summit (WFES) ended on Thursday in Abu Dhabi with strong growth in commercial activity surrounding the event and the number of hosted business meetings surging by more than 60 percent. Hosted by Masdar, Abu Dhabi’s renewable energy company, as part of Abu Dhabi Sustainability Week, WFES aims to promote the business ...

  Read More »
• 19 January

  VP approves expansion of IHC

      Dubai / WAM Vice-President and Prime Minister of the UAE and Ruler of Dubai His Highness Sheikh Mohammed bin Rashid Al Maktoum approved expanding warehouse facilities at the International Humanitarian City (IHC) in response to urgent demand from leading UN and NGO agencies, most notably the Red Crescent, UNHCR, ICRC and the World Food Programme. The approval gives the ...

  Read More »
• 19 January

  Int’l 3D artists to showcase their creations at Dubai festival

    Dubai / WAM Artists shortlisted for the AED 2.3 million Dubai Canvas 3D Art Award will create and display their stunning 3D artworks at the Dubai Canvas 3D Art Festival to be held in City Walk from March 1-7. The shortlist features an eclectic group of accomplished international 3D artists who bring diverse creative perspectives and technical skills. Dubai Canvas ...

  Read More »
• 19 January

  Collapse of burning Tehran high-rise kills 30 firefighters

  

    TEHRAN / AP A high-rise building in Tehran engulfed by fire collapsed on Thursday, killing at least 30 firefighters and injuring some 75 people, state media reported. The disaster struck the Plasco building, an iconic structure in central Tehran just north of the Iranian capital’s sprawling bazaar. Firefighters, soldiers and other emergency responders dug through the rubble, looking for survivors. ...

  Read More »