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DUBAI / Reuters United Arab Emirates-based hospital operator NMC Healthcare has $800 million available to start investing in 2018 in the Gulf and other markets, its chief executive told Reuters in an interview. The London-listed firm, which is among the beneficiaries from recent growth in the Gulf’s healthcare sector, plans to acquire hospitals and other facilities, as well as smaller ...

Bloomberg US equity markets fell in lighter-than-usual trading as investors waited for lawmakers to vote on tax cuts in the world’s largest economy. Treasuries declined while the dollar rose. The S&P 500 Index dropped after prospects for passing the tax plan had sparked a two-day rally of almost 1.5 percent that took the benchmark within a whisker of 2,700 for ...

Reuters Qatar’s stock market jumped on Tuesday as local retail investors piled back into the bourse, while Saudi Arabia closed barely changed ahead of the release of its 2018 state budget. The Qatari index surged 3.8 percent, its biggest daily gain since January 2016, to its highest level since late September. It rose above its 100-day average for the first ...

Dubai / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of UAE and Ruler of Dubai, launched the Mohammed bin Rashid Centre for Future Research. The centre will openly publish its research and outcomes to global academic and research communities and will adopt a new concept based on open and participatory international research among scientists. ...

Abu Dhabi / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of UAE and Ruler of Dubai, issued Ministerial Decision No. 46 of 2017 on the financial reward system for substitute teachers in government schools for boys and girls. According to the decision, which was published in the latest issue of the Official Gazette, the ...

Dubai / Emirates Business The Dubai Chamber of Commerce and Industry announced that applications are now being accepted for the Mohammed Bin Rashid Al Maktoum (MRM) Business Award and the MRM Business Innovation Award, which are open to all private companies in the UAE and GCC, regardless of their type, size, and sector (including non-free zone and free zone companies). ...

Dubai / WAM Dubai Financial Market (DFM), on Tuesday announced the listing of Bahrain’s Khaleeji Commercial Bank (KHCB), as trading commenced on the bank’s shares under the trading symbol “KHCB”, which appears on DFM screens, trading system and publications within the Banking Sector. This listing further strengthens the prominent position of DFM as the most favoured listing venue for leading ...

Abu Dhabi / WAM His Highness Sheikh Khalifa also issued a number of federal decrees to appoint, transfer and promote several Emirati diplomats. The agreements that were ratified include an agreement between UAE and Slovakia to encourage mutual protection of investments, as well as two cooperation pacts with Oman on civil defence and international land transportation of passengers and goods, ...

Dubai / WAM The Annual Investment Meeting (AIM) will take place at the Dubai World Trade Centre from April 9-11, 2018 with the participation of leaders, decision-makers and high-level local, regional and international government officials. The annual forum is one of the leading regional events on foreign direct investments (FDI), and is organised by the UAE Ministry of Economy under ...

Bloomberg President Donald Trump called Russia and China “rival powers” to the US but said he’ll continue to try to partner with them as he outlined a muscular foreign policy that attempts to turn his “America First” campaign pledge into statecraft. Trump’s first official national security strategy is in some ways little different from those of his predecessors. Its four ...