Kuwaiti Deputy Prime Minister arrives in Abu Dhabi

ABU DHABI / WAM Sheikh Ahmad Fahad Al-Ahmad Al-Sabah, Deputy Prime Minister and Minister of Defense of the State of Kuwait, arrived in Abu Dhabi today. Upon his arrival at the Presidential Airport, Sheikh Ahmad was received by H.H. Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi. H.H. Sheikh Khaled welcomed Sheikh Ahmed and exchanged with ...

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Middle East Reverse Engineering & Additive Manufacturing Show 2023 to take centre stage

DUBAI / GULF TIME The future of Additive Manufacturing will be unveiled at the Middle East Reverse Engineering & Additive Manufacturing (ReAM) Show 2023, set to take place from September 25th to 27th at Festival Arena by InterContinental in Dubai. Supported by Dubai Municipality and buildingSMART UAE, along with partners and sponsors including Sharjah Research Technology and Innovation Park (SRTIP), ...

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DHCC brings together 100 delivery riders for sports day

DUBAI / WAM Dubai Healthcare City (DHCC) has organised an engaging Riders Sports Day for more than 100 delivery riders from Deliveroo, Careem, InstaShop and Noon. The event gave riders an opportunity to participate in friendly competition across a range of sports, including basketball, football, padel and cricket, and was created to promote the positive impact of physical activity on ...

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Deputy Director of MoFA’s Dubai Office receives credentials of Switzerland Consul-General

DUBAI / WAM Rashid Abdulla Al Qaseer, Deputy Director of Ministry of Foreign Affairs’ (MoFA’s) Dubai Office met with Angelice Schempp, Consul-General of the Swiss Confederation in Dubai and received her credentials. Al Qaseer welcomed the Consul-General and hailed the political, economic, commercial and investment relations that bind the two friendly countries, wishing her success in his duties.

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Historic Cepa to add vigour to Vietnam-UAE ties: Envoy

ABU DHABI / WAM Vietnam and the UAE are expected to conclude the Comprehensive Economic Partnership Agreement (Cepa) this year, which will add new vigour to the 30th anniversary celebrations of diplomatic relations between the two countries, a top Vietnamese diplomat told the Emirates News Agency (WAM). “During the past 30 years, the friendship and cooperation between Vietnam and the ...

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UAE leaders congratulate Slovakian President on Constitution Day

ABU DHABI / WAM UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan has sent a congratulatory message to President Zuzana Čaputová of Slovakia on the occasion of her country’s Constitution Day, observed on September 1. His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai; and His Highness Sheikh ...

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Fresh troubles see Adani stocks cap worst month since February

BLOOMBERG New allegations over governance issues at India’s Adani Group put the brakes on a recovery in the conglomerate’s market value from carnage in the wake of US-based short-seller Hindenburg Research’s report earlier this year. Adani-related stocks plunged after an investigation raised questions about the group’s ownership structure and trades by certain entities associated with its founders. The ports-to-power conglomerate ...

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Stocks edge higher with key US jobs data report on radar

BLOOMBERG Markets settled into a holding pattern befiore key US jobs data, with European stocks and American equity-index futures edging higher, Treasury yields flat and a gauge of the dollar steady. Energy majors were the outperformers in the Stoxx Europe 600 index as crude oil headed for the biggest weekly advance since April. Miners jumped as China’s latest stimulus measures ...

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Seven & i seals $1.5bn deal to sell department stores

BLOOMBERG Seven & i Holdings Co has finalised the sale of its Sogo & Seibu Co department store chain amid a strike by employees at the flagship shop in central Tokyo on concerns the deal may jeopardise their jobs. The sale to Fortress Investment Group will close at an enterprise value of about ¥220 billion ($1.5 billion), according to a ...

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M&S takes legal action against overnment over Marble Arch row

BLOOMBERG Marks & Spencer (M&S) Group Plc has launched a legal challenge against the UK government’s decision to reject a plan for a new store in Marble Arch, central London where the retailer has had a presence for nearly a century. The clothing and food retailer lost government backing in July for a proposal to demolish its flagship art deco ...

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