ABU DHABI / WAM Saqr Ghobash, Speaker of the Federal National Council (FNC), stated that promoting tolerance, moderation, openness and coexistence is a key tool for countering terrorism and is one of the values of the Emirati people. He made this statement while receiving, at headquarters of FNC in Abu Dhabi, Vladimir Voronkov, Under-Secretary-General of United Nations Counter-Terrorism Office, who ...
Read More »ECI-HSBC pact to help UAE firms access global markets
Dubai / WAM Etihad Credit Insurance (ECI), signed a Memorandum of Understanding (MoU) with HSBC to help UAE businesses and exporters access global markets, which will give them a platform for sustainable growth and development over the long-term. The MoU was signed by Massimo Falcioni, CEO of Etihad Credit Insurance, and Abdulfattah Sharaf, Chief Executive Officer, UAE and Head of ...
Read More »Aramco falls below $2tn as stock extends decline
Bloomberg Shares in Saudi Aramco dropped for a second day in a row a week after its record initial public offering, pushing its market value just below $2 trillion, the level sought by Crown Prince Mohammed bin Salman. Shares ended 2.8% lower at 36.70 riyals in Riyadh, giving the company a total value of $1.96 trillion. The stock was included ...
Read More »Etihad Rail awards AED4.6bn contract to Chinese joint venture
Abu Dhabi / WAM His Highness Sheikh Theyab bin Mohamed bin Zayed Al Nahyan, Chairman of Abu Dhabi Crown Prince’s Court and Chairman of Etihad Rail, has supervised a board meeting during which he approved a AED 4.6 billion ($1.25 billion) tender for the civil works and construction of Package D of Stage Two of the UAE’s national railway. Package D ...
Read More »First-ever cruise turnaround conducted at Fujairah Port
Abu Dhabi / WAM Fujairah Terminals, wholly-owned by Abu Dhabi Ports, celebrated the official start of the 2019-2020’s cruise season with the first-ever cruise turnaround conducted at Fujairah Port. The recent call by the Marella Discovery, a cruise liner operated by TUI UK, at Fujairah Terminals marked the first time a visiting vessel dropped off arriving guests and welcomed new ...
Read More »Deal signed to help UAE businesses, exporters access global markets
Dubai / WAM Etihad Credit Insurance (ECI), signed a Memorandum of Understanding (MoU) with HSBC to help UAE businesses and exporters access global markets, which will give them a platform for sustainable growth and development over the long-term. The MoU was signed by Massimo Falcioni, CEO of Etihad Credit Insurance, and Abdulfattah Sharaf, Chief Executive Officer, UAE and Head of ...
Read More »Adnoc Distribution unveils next-gen convenience store
Abu Dhabi / Emirates Business Adnoc Distribution, UAE’s largest fuel and convenience retailer, unveiled its next-generation Oasis store at the Corniche Road station, Abu Dhabi. The contemporary refreshed look and feel will be the start of an extensive refurbishment plan. Following the Adnoc Distribution Board of Directors meeting, the Board visited the store. The newly designed space features a range ...
Read More »UAE a global role model to follow in renewables sector
Abu Dhabi / WAM Dr Nawal Al Hosany, Permanent Representative of the UAE to the International Renewable Energy Agency (Irena), said that the UAE’s contributions to the renewable energy sector have made it a model to follow, with investments worth $12 billion covering 49 renewable energy projects across 25 countries, producing some 4GW of energy supplies to communities. Al Hosany noted ...
Read More »â€˜Fulfilling needs of citizens a leading priority of UAE’
Fujairah / WAM His Highnesss Sheikh Hamad bin Mohammed Al Sharqi, Supreme Council Member and Ruler of Fujairah, stated that fulfilling the needs of Emiratis is one of the UAE’s leading priorities and is part of its strategic plans. He also noted the country’s keenness to implement development projects to support UAE citizens and improve their living standards. Sheikh Hamad ...
Read More »China liquidity jitters are set to test bond market again
Bloomberg China’s government-bond investors will soon be looking for reassurance from the central bank that there’s plenty of cash in the financial system. The country will see a “liquidity hole†of 2.8 trillion yuan ($400 billion) in January, in large part because people across the nation will withdraw cash for the Lunar New Year holiday, according to Guotai Junan Securities ...
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