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Bloomberg Dubai-based Arqaam Capital Ltd. and Abu Dhabi’s The National Investor are weighing a possible merger, according to people with knowledge of the matter. The investment banks are in talks about a combination that would create an entity with an equity value of about $250 million, according to one of the people, who asked not to be identified because the ...

Bloomberg Saudi Arabia is set to supply more crude to oil-starved Asian refiners, and extract a heavy price for it. State-run producer Saudi Aramco will sell additional cargoes to customers in the world’s biggest oil-consuming region for June loading, according to people with knowledge of the matter. The shipments will be on top of those scheduled under long-term crude contracts, ...

Abu Dhabi / Emirates Business Etihad Airways, the national airline of the United Arab Emirates, continues to reduce carbon dioxide emissions by implementing fuel saving initiatives, reinforcing its commitment to sustainability. Following a number of improvements aimed at enhancing operational fleet efficiencies, Etihad Airways reduced 148,000 tonnes of carbon emissions in 2018. The savings are equivalent to approximately 1,236 flights ...

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, exchanged greetings with King Abdullah II of the Hashemite Kingdom of Jordan on the occasion of the Holy Month of Ramadan. This came in a phone conversation this evening, during which His Highness Sheikh ...

Abu Dhabi / Emirates Business Etihad Cargo, the Cargo and Logistics Services arm of the Etihad Aviation Group, reveals a new Global Customer program and a rebranded cargo loyalty scheme named “PayloadRewards”. Launched in 2013 as one of the first dedicated loyalty programs for air cargo customers, Etihad Cargo’s revamped PayloadRewards is today considered one of the world’s leading loyalty ...

Abu Dhabi / WAM The Abu Dhabi Investment Office (ADIO), launched the AED535 million ‘Ghadan Ventures Fund’ to grow Abu Dhabi’s Venture Capital, VC, and start-up ecosystem. Announced recently at the launch of Abu Dhabi’s Hub71, the fund is part of the government’s Ghadan 21 programme that is working to accelerate Abu Dhabi’s economy and build a dynamic and thriving ...

Ajman / Emirates Business Ajman Free Zone has signed a partnership deal with Ipravo, a Kazakhstan based business consultancy company to represent AFZ in some central Asia and East Europe countries. This is part of AFZ’s ambitious plans to promote its services in main markets across the world and attract more businesses by highlighting the myriad benefits of establishing a ...

DUBAI / Emirates Business Ahead of the inaugural flight to Porto on July 2, Emirates is offering passengers a chance to take advantage and explore the second largest city in Portugal. Known for its historical city centre, a UNESCO World Heritage Site – Porto is a must see destination for families and solo travellers this summer. Economy Class passengers can ...

Dubai / Emirates Business Deyaar Development PJSC (“Deyaar”), one of Dubai’s leading property developers and real estate service providers, has signed a Memorandum of Understanding (MoU) with Dubai Cares to improve children’s access to quality education in an underprivileged community in Malawi. Through the new MoU, Deyaar will work with Dubai Cares to build a community-based school in Malawi, with ...

Abu Dhabi / Emirates Business Adnoc Distribution, the UAE’s largest fuel and convenience retailer, is holding its first Capital Markets Day presentations since its IPO on the Abu Dhabi Securities Exchange in December 2017. Management will present to institutional investors and analysts in London, with a similar presentation taking place on May 8, in New York. The focus of the ...