BELGRADE / WAM The Serbian capital, Belgrade, on Tuesday hosted the ministerial meeting of the first session of the “UAE-Serbia Joint Committee.†The meeting was headed by Dr Sultan bin Ahmad Sultan Al Jaber, Minister of State, and Sinisa Mali, Minister of Finance of Serbia. The UAE delegation included several officials representing various federal and local government authorities and private ...
Read More »President of Bolivia praises his country’s relations with UAE
DUBAI / WAM Evo Morales, President of Bolivia, praised the relations between the UAE and Bolivia while highlighting the fact that the two countries enjoy many factors that encourage growth, especially in light of their promising economic, trade and investment capabilities. He made this statement while meeting Dr Abdullah bin Mohammed Belhaif Al Nuaimi, Minister of Infrastructure Development, on the ...
Read More »Arab Parliament lauds UAE-Saudi $200mn pledge to Yemenis
Cairo / WAM Dr Mishaal bin Fahm Al-Salami, Speaker of the Arab Parliament, highly praised the joint humanitarian initiative of the United Arab Emirates and Saudi Arabia to allocate $200 million in a coordinated campaign of emergency humanitarian assistance in cooperation with United Nations organisations aimed at alleviating the suffering of the brotherly Yemeni people. The Arab Parliament Speaker emphasised ...
Read More »dnata named ‘Airline Caterer of the Year’
DUBAI / WAM dnata’s catering team has been voted ‘Airline Caterer of the Year, North America, 2019’ by readers of PAX International, a publication for airline industry executives. The PAX International Readership Award was presented in Hamburg during the annual World Travel Catering Expo. “We are honoured to be recognised by our industry peers for our quality product, service and ...
Read More »2019 Emirati Women’s Day slogan announced
Abu Dhabi / WAM HH Sheikha Fatima bint Mubarak, Chairwoman of the General Women’s Union, President of the Supreme Council for Motherhood and Childhood, and Supreme Chairwoman of the Family Development Foundation, has announced the theme for the 2019 Emirati Women’s Day celebrations, as ‘Women, Icons of Tolerance’. Her Highness said that the Emirati community is tolerant by nature, adding ...
Read More »Dubai DED records 35% increase in new licences
Dubai / WAM The Business Registration and Licensing (BRL), sector of the Dubai Department of Economic Development, DED, has issued 2,459 new licences in March 2019, a growth of 35.4 percent compared to March 2018 (1,816). According to the department, the new licences have created 9,661 jobs in the labour market. “Among the new licences issued, 58 percent were commercial, 39.3 ...
Read More »Petrobras to sell pipe unit stake for $8.6b
Bloomberg Petroleo Brasileiro SA agreed to sell its 90 percent stake in a natural gas pipeline unit to France’s Engie SA and Canadian pension fund Caisse de Depot et Placement du Quebec for $8.6 billion. Engie and Caisse prevailed after multiple rounds of bidding for the unit, known as TAG. It is the biggest-ever single asset sale for Petrobras, whose ...
Read More »Ghosn blames Nissan top ranks’ ‘dirty game’ for arrest
Bloomberg Carlos Ghosn lashed out at Nissan Motor Co’s top ranks for playing “a very dirty game†by orchestrating his arrests in Japan and his ouster from its global alliance with Renault SA and Mitsubishi Motors Corp. Speaking in a video recorded before he was detained again, the former chairman of the three automakers said some Nissan executives conspired to ...
Read More »Indonesia gold miner mulls $600mn IPO
Bloomberg PT Amman Mineral Nusa Tenggara, which owns the second-largest copper and gold mine in Indonesia, is weighing an initial public offering that could raise as much as $600 million, according to people familiar with the matter. The company is working with advisers to list in Jakarta as early as the fourth quarter, said the people, asking not to be ...
Read More »Singapore REIT mergers may accelerate after key OUE deal
Bloomberg Talk of consolidation among Singapore real estate investment trusts ramped up after the regulator strengthened rules governing the market in 2015. Four years on, it’s finally happening. OUE Commercial REIT said it had agreed to buy OUE Hospitality Trust to create one of Singapore’s 10 biggest REITs, giving the combined entity greater firepower to make acquisitions. It’s also the ...
Read More »