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DUBAI / Emirates Business Dubai’s non-oil private sector economy expanded at a faster rate in March, while the total business activity (output) increased at the fastest rate since January 2015. Two of the three key monitored sectors — travel & tourism and wholesale & retail — posted series record increases in activity. With new business growth also accelerating, expectations for ...

Bloomberg Oil spiked to its highest level in five months as a drop in the US dollar and conflicts from Iran to Libya helped make the barrel look like an increasingly strong bet for investors. Crude futures rallied as much as 2.1 percent in New York on Monday. The dollar fell, improving the lure of commodities priced in the greenback. ...

ABU DHABI / WAM The pavilion of the Khalifa Fund for Enterprise Development at AIM Startup 2019, which is being held in conjunction with the 9th Annual Investment Meeting (AIM), is attracting a large number of representatives of small and medium enterprises (SMEs), entrepreneurs and consultants. The fund is showcasing its innovative services and financing solutions for national SMEs. It ...

Bloomberg Saudi Aramco started the sale of its debut dollar bonds, drumming up an orderbook of about $40 billion, according to people familiar with the matter. The oil giant is offering six-tranche debt, according to people familiar with the matter. The world’s most profitable company is tapping the market ahead of a planned $69 billion acquisition. Demand for the most ...

Dubai / Emirates Business Etisalat’s pioneering efforts in 5G will pave the way for the ‘Future of Connectivity’ with innovation and digital transformation taking centre stage and leading the company to play a greater role in the digital lives of consumers and enterprises, said Hatem Bamatraf, Chief Technology Officer (CTO), Etisalat International at 5G Mena 2019. Bamatraf was the keynote ...

Abu Dhabi / WAM This Summer, Etihad Airways has announced that it will introduce the Boeing 787-9 Dreamliner on its scheduled services from Abu Dhabi to Johannesburg, effective August 1, Lagos, effective August 2, and Milan, effective September 1, replacing the Airbus A330s currently operating the routes. All three destinations will feature Etihad Airways’ next-generation Business and Economy cabins, configured ...

Dubai / WAM The Dubai Electricity and Water Authority (Dewa), is participating in the Annual Investment Meeting (AIM) 2019, that began on Monday at the Dubai World Trade Centre and will conclude on April 10. At the AIM, which has been organised by the Ministry of Economy, Dewa is showcasing its key projects and initiatives, and robust infrastructure, as part of its ...

ABU DHABI / WAM Abu Dhabi Securities Exchange (ADX) held a workshop to discuss the preparation and updating of the Exchange’s current strategic plan. The workshop was attended by Khalifa Salem Al Mansouri, Acting Chief Executive of ADX, Board Members and Executive Management members of ADX. Khalifa Salem Al Mansouri, Acting Chief Executive of ADX, during the workshop, which was ...

Abu Dhabi / WAM Abu Dhabi reinforced its urban development in 2018, to meet the requirements of population growth and enhance the process of sustainable development witnessed by its economic, services and social sectors. In 2018, Abu Dhabi witnessed the construction of 3,566 buildings, a monthly average of 297.1 and a daily average of 9.7, according to the Abu Dhabi ...

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, on Monday received at Qasr Al Bahr Majlis the first certified Emirati women firefighters, who have recently graduated from a Women Firefighting Course in Sharjah. “The UAE woman is always proving her worth in ...