Masonry Layout

Abu Dhabi / WAM The total number of business licences issued in UAE at the end of July amounted to 665,246, a 1.9 percent increase compared to 652,885 licences issued in December 2019, according to the National Economic Register. Based on these figures, the issuance of licences in the country is expected to surge in the coming months, which will ...

Dubai / WAM Dubai Customs has launched “Siyaj” (Fence) initiative: the first integrated control 24/7 system in the world. The new system is based on a number of sophisticated AI technologies, rapid intervention teams that work around the clock, drones, and the K9 sniffing dog unit. The initiative will enhance Dubai and UAE’s security and help protect the society from ...

Bloomberg Indian Energy Exchange (IEX) is in talks with strategic investors to sell a minority stake in its fledgling gas unit. The largest electricity trading platform in India may sell as much as 49% in the venture in a series of deals, Rajiv Srivastava, chief executive officer of IEX said in an interview. The first accord may be signed in ...

Bloomberg Army personnel and rescue workers sifted through mountains of rubble from a massive explosion that flattened Lebanon’s main port, looking for survivors from a blast that roared through the capital, Beirut, killing at least 100 people and wounding thousands more. Authorities appealed to other countries for emergency aid as concerns over food supply in the import-dependent nation mounted. Officials ...

ABU DHABI / WAM His Highness Sheikh Abdullah bin Zayed Al Nahyan, Minister of Foreign Affairs and International Cooperation, has received Brigadier General Miguel A. Correa, Senior Director for Gulf Affairs, Middle Eastern Affairs Directorate, National Security Council at the Executive Office of the US President. During the meeting — which was held at the Foreign Ministry headquarters in Abu ...

Abu Dhabi / WAM Etihad Rail, the developer and operator of the UAE’s national railway, is tripling its fleet by announcing the award of a contract for the manufacture, supply and commissioning of 842 new wagons bringing its total fleet to more than 1,000 units to serve the whole network. This expansion paves the way for the rail transport to ...

Abu Dhabi / WAM Abu Dhabi Securities Exchange (ADX) announced on Tuesday that it has listed $4 billion Fixed Rate Notes issued by MDGH GMTN B.V. and guaranteed by Mamoura Diversified Global Holding (MDGH). According to a statement issued by ADX on Tuesday, MDGH is the debt issuing entity of Mubadala Investment Company, and the MDGH bonds have their primary ...

Bloomberg BP Plc slashed its dividend for the first time in a decade and set out new targets to accelerate its shift to greener energy after the coronavirus pandemic upended the oil business. The u-turn in its dividend policy was expected after European peer Royal Dutch Shell Plc slashed its own payout in April. Big Oil’s generous dividends have long ...

Bloomberg Local administration imposed sweeping curbs on movement and the internet in India’s portion of the disputed Muslim-majority region of Kashmir ahead of the one-year anniversary of the revocation of seven decades of regional autonomy. The capital Srinagar was placed under curfew on Tuesday and Wednesday amid fears of violent protests from separatists who oppose the ending of the special ...

Abu Dhabi / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, chaired the first physical meeting of the new cabinet at the Presidential Place in Abu Dhabi, after a series of remote meetings. At the beginning of the meeting, His Highness Sheikh Mohammed bin Rashid hailed UAE’s ...