ABU DHABI / WAM His Highness Lt. General Sheikh Saif bin Zayed Al Nahyan, Deputy Prime Minister and Minister of the Interior, attended a majlis organised by the Ministry of Interior. The majlis, which took place at St. Joseph’s Cathedral in Abu Dhabi, discussed the UAE’s efforts to promote fraternity, coexistence and tolerance, and is part of a series of ...
Read More »Deal signed to nurture innovation in travel, hospitality startups
Abu Dhabi / Emirates Business Miral, Abu Dhabi’s creator of destinations, is a founding ecosystem partner of Plug and Play ADGM’s (Abu Dhabi Global Market) new Travel & Hospitality tech accelerator in the Mena region. The partnership will give Miral the chance to connect directly with startups through Plug and Play’s international network, supporting the region’s startups by sharing its ...
Read More »Emirates expects busy travel weekend on Eid
Dubai / Emirates Business Emirates anticipates a busy weekend ahead of the Eid holiday with heavy traveller volumes to and from Dubai. The busiest time for departures in Terminal 3 will be on Friday May 31 with over 80,000 passengers travelling abroad. Customers are reminded to arrive at the airport at least three hours before their flight departure to avoid ...
Read More »UAE president confers Order of Independence on Swiss ambassador
Abu Dhabi / WAM President His Highness Sheikh Khalifa bin Zayed Al Nahyan, has conferred the Order of Independence, First Class, on Maya Tissafi, Ambassador of Switzerland to the UAE, in recognition of her efforts during her tenure, which contributed to enhancing and boosting friendly ties between the two countries. HH Sheikh Abdullah bin Zayed Al Nahyan, Minister of Foreign ...
Read More »3,000 year-old evidence of social life found in Al Ain
Abu Dhabi / WAM Research conducted by the Department of Culture and Tourism – Abu Dhabi, at the Hili 2 archaeological site, part of the Unesco World Heritage Site of Al Ain, has revealed stunning new evidence on social life in the region 3,000 years ago. The results of the work have provided important insights into the daily lives of ...
Read More »WTO to probe charges against Qatar over UAE products’ ban
GENEVA / WAM The World Trade Organisation (WTO), on Wednesday agreed to look into the complaint filed by the United Arab Emirates against the ban imposed by Qatar on Emirati products. The WTO has decided to constitute an arbitration committee to investigate the UAE’s complaint. The UAE has stressed that the Qatari ban on Emirati products is a flagrant violation ...
Read More »Malaysia in talks with China firms for compensation on $2.24b pipeline projects
Bloomberg Malaysia is in discussions with China-based contractors for compensation relating to pipeline projects worth 9.4 billion ringgit ($2.24 billion). The government is negotiating with China Petroleum Pipeline Engineering Co. and Huanqiu Project Management Beijing Co. on the total compensation to be paid by Suria Strategic Energy Resources Sdn., which was overseeing the projects, for the termination of the work, ...
Read More »American refiners face summertime hurdles
Bloomberg A global shortage of heavy crude will create hurdles for America’s key refining belts just as they ramp up gasoline production for summer driving season. In the Gulf Coast, dwindling heavy oil supplies have suppressed refining margins, while Midwest refiners may not reach the high run rates seen last summer. Gulf Coast profits from coking — a process where ...
Read More »SoftBank’s Son pays 6 senior execs $83m in push for talent
Bloomberg Masayoshi Son is making top executives at SoftBank Group Corp some of the highest-paid in Japan as he recruits talent to his growing investment empire. While Son’s own salary remains modest by global standards, his company paid a total of 9.1 billion yen ($83 million) in compensation to six lieutenants, according documents released for a shareholder meeting on June ...
Read More »India’s Bharti Airtel plans London IPO for its Africa unit
Bloomberg Bharti Airtel Ltd is planning a share sale for its Africa unit in London as part of a push by the Indian wireless operator to cut a debt load that’s ballooned to more than $16 billion. The initial public offering by Airtel Africa Ltd would comprise new shares and the sale would seek a free float of at least ...
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