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LONDON / WAM UAE-linked Petrofac, a leading international service provider to the oil and gas production and processing industry, has secured new orders worth $1.8 billion in the first half of 2018, according to an update released to the London Stock Exchange on Tuesday. “We are trading in line with expectations, delivering best-in-class project execution, continued momentum in new orders ...

DUBAI / WAM It is estimated that Small and Medium Enterprises (SMEs) contribute 40 percent to Dubai’s GDP and employ 42 percent of the total workforce, said Fahad Al Gergawi, CEO of Dubai Investment Development Agency (Dubai FDI). In a statement released on the occasion of ‘Micro, Small and Medium-sized Enterprises Day’, which is observed on June 27, Al Gergawi, ...

Abu Dhabi / WAM Abu Dhabi Global Market (ADGM), the International Financial Centre in Abu Dhabi, and the Hong Kong Monetary Authority (HKMA) signed a cooperation agreement on Tuesday to jointly promote and enable financial services innovation, and accelerate cross-border FinTech business opportunities in Hong Kong and the UAE. With this agreement, ADGM has established strategic FinTech collaborations with eleven leading ...

KATHMANDU / WAM The UAE is the third largest exporter to Nepal as the trade exchange between the two countries amounted to $425.2 million in 2017, a 14.4 percent annual growth compared to 2016, Abdullah Salih Al Salih, Under-Secretary of the UAE Ministry of Economy for Foreign Trade Affairs, said. Speaking on Monday at the opening ceremony of the UAE-Nepal ...

Abu Dhabi / WAM With the objective of providing deeper insights on its cyber threat intelligence sharing platform, the UAE Banks Federation (UBF), on Tuesday hosted a workshop on ‘TASHARUK’ for its member banks in Abu Dhabi. Organised by the UBF’s Information Security Committee for the heads of information and cyber security within the banks in the UAE, the workshop ...

Abu Dhabi / WAM Matar Salim Ali Al Dhaheri, Under-Secretary of the Ministry of Defence, on Tuesday received Lt. General Sir John Lorimer, UK’s Defence Senior Adviser on the Middle East, and his accompanying delegation. During the meeting, Al Dhaheri welcomed Lt. General Lorimer and praised the relations between the UAE and UK which he said are witnessing great development ...

Dubai / WAM The Ministry of Human Resources and Emiratisation announced the new fees for recruiting domestic workers, via four packages provided across 11 ‘Tadbeer’ service centres. Khalil Ibrahim Khouri, Assistant Under-Secretary for Assistive Employment Affairs, highlighted the ministry’s desire to provide packages at reasonable prices for recruiting domestic workers, according to specific criteria adopted by the ministry through the ...

NEW YORK / WAM “Diplomacy will always be key to solving the region’s crises, so we must renew our efforts to see it strengthened,” said Lana Nusseibeh, Ambassador and Permanent Representative of the UAE to the United Nations, at a critical UN Security Council debate on the situation in the Middle East and North Africa chaired by the Deputy Foreign ...

Abu Dhabi / WAM The United Arab Emirates, as part of the Saudi-led Arab Coalition, views the safety of civilians in the Red Sea port of Hodeidah and the delivery of humanitarian aid to them as being “of the utmost significance,” according to Reem bint Ibrahim Al Hashemi, Minister of State for International Cooperation. She added that “We have set ...

Dubai / Emirates Business Emirates Flight Catering (EKFC) and Crop One will co-invest $40 million to build the world’s largest vertical farming facility near Al Maktoum International Airport at Dubai World Central. The project is a joint venture (JV) with US-based Crop One Holdings, the world’s leading vertical farm operator. His Highness Sheikh Ahmed bin Saeed Al Maktoum, Chairman and ...