Mohamed presents Emirates Military Order to nation’s heroes

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, presented the Emirates Military Order to a group of the nation’s gallant commanders, officers and personnel from the UAE Armed Forces, Ministry of Interior and Police in recognition for the heroic performance while performing ...

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Abu Dhabi to host Interfaith Alliance Forum in November

Abu Dhabi / WAM The UAE will host the Interfaith Alliance Forum in the nation’s capital, Abu Dhabi on November 19-20, under the auspices of His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces. The announcement came during a press conference held at the Ministry of Interior ...

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FNC, Chamber of Deputies of Czech Republic sign MoU

Abu Dhabi / WAM Dr Amal Abdullah Al Qubaisi, Speaker of the Federal National Council, FNC, yesterday received, at the FNC headquarters in Abu Dhabi, Radek Vondracek, President of the Chamber of Deputies of the Parliament of the Czech Republic, to discuss the means of developing the parliamentary relations between the UAE and the Czech Republic, in light of the ...

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ERC sends relief aid to Khourah area in Yemen

Shabwah / WAM The Emirates Red Crescent (ERC), distributed emergency relief aid to the people of Khourah area in Shabwa province, Yemen, to alleviate the suffering of Yemeni people. Emergency aid included 1,000 food baskets containing basic food items. Sultan Al Nuaimi, ERC representative in Shabwa, emphasised the importance of this assistance in providing daily necessities, pointing out the authority’s ...

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SCCI wraps up trade mission to food expo in Moscow

Sharjah / WAM The Sharjah Chamber of Commerce and Industry (SCCI), concluded the activities of its trade mission to the WorldFood Exhibition in Moscow, which it organised in cooperation with the Federation of UAE Chambers of Commerce and Industry. The SCCI, which was represented by the Sharjah Exports Development Centre, attended the activities of the exhibition. The trade mission was ...

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Oil traders suffer dismal year as easy money deals vanish

Bloomberg After years of easy money, many of the world’s biggest oil traders are enduring a brutal new reality. Traders have been wrong-footed by wild swings in price spreads between oil grades, particularly in the US market. Amid dwindling profits, trading desks are being overhauled, with some firms restructuring their operations and paring budgets designed for better times. It’s a ...

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India plans raising $2.8bn by merging power companies

Bloomberg India is planning to sell its stake in SJVN Ltd. and Power Finance Corp. to other government-controlled companies in deals that may fetch the federal government about 200 billion rupees ($2.8 billion), helping it to rein in the fiscal deficit amid growing risks of a slippage, people with knowledge of the matter said. The government plans to sell its ...

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Egypt’s Raya expands call centre business

Bloomberg Egypt’s biggest outsourcing services provider, Raya Contact Center, is expanding as economic growth rebounds and a weaker currency makes it more competitive. The Cairo-based company, which operates offshore call centers and offers other corporate services, added about 1,000 workstations this year, compared to a previous annual average of 400 workstations, Chief Executive Officer and Managing Director Reem Asaad said. ...

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Coronado seeks $1bn in Australian coal IPO

Bloomberg Coronado Global Resources Inc., a miner backed by private equity firm Energy & Minerals Group, and current investors are seeking to raise as much as A$1.4 billion ($1 billion) in what would be Australia’s largest coal initial public offering. The company and existing holders are offering Chess Depository Interests at A$4 to A$4.80 each, according to a prospectus lodged ...

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