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Dubai / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of UAE and Ruler of Dubai, received, at the Presidential Palace in Abu Dhabi and in the presence of HH Lt. General Sheikh Saif bin Zayed Al Nahyan, Deputy Prime Minister and Minister of the Interior, and HH Sheikh Mansour bin Zayed Al Nahyan, ...

Abu Dhabi / Emirates Business The Abu Dhabi National Oil Company (ADNOC) launched its new unified brand, bringing together its subsidiary companies under one common identity that will highlight the scale of its business, the size of its contribution to the UAE’s economy and its positive impact on the nation’s socio-economic development. The unveiling of ADNOC’s unified brand strengthens ADNOC’s ...

Dubai / Emirates Business The Dubai Airport Freezone Authority (DAFZA) has revealed the signing of a strategic Memorandum of Understanding (MoU) with the Kingdom of Saudi Arabia’s (KSA) Economic Cities Authority (ECA) that is aimed towards developing proposals and suggestions that can help drive in more potential foreign investments to the Gulf region. The MoU was signed by H.E Dr ...

WASHINGTON / WAM First Abu Dhabi Bank (FAB), the UAE’s largest bank and one of the world’s largest financial institutions, has been named the safest bank in the Middle East at Global Finance Magazine’s 2017 Best Banks Awards. FAB was also recognised as the Safest Bank in the UAE, one of the World’s 50 Safest Banks, one of the 50 ...

Dubai / WAM Emirates launched a $15 million campaign to inspire travel and promote the airline’s extensive network of global destinations, including its home and hub, Dubai. The campaign is backed by the iconic musical soundtrack of Queen’s “Don’t stop me now”, which was found in a scientific study to be the most uplifting or “feel-good” tune on the UK ...

Dubai / Emirates Business Under the patronage of His Excellency Dr Abdullah Bin Mohammed Belhaif Al Nuaimi, Minister of Infrastructure Development and Chairman of the Federal Transport Authority – Land and Maritime, preparations are underway to launch the 3rd Maritime Academic Conference & Expo “Maracad 2017”. The event will take place in Dubai World Trade Center on October 30 and ...

Bloomberg To understand the implications of Brexit, it helps to go nuclear. Of all the international regulatory challenges created by the UK’s impending departure from the European Union, the atomic-energy industry may best encapsulate the decision’s bottom-line effect: more bureaucracy and costs for a country that has long fought to curb both within the EU. Untwining the UK from decades ...

Bloomberg Saudi Arabia is considering delaying the international portion of the giant initial public offering of its state oil company until at least 2019, according to people familiar with the situation, who said a domestic share sale in Riyadh could still happen next year. A two-stage Saudi Aramco IPO is one of several options being considered, the people said, asking ...

RIYADH / Reuters The $23 billion Riyadh Metro launched an auction on Sunday for private companies to name and advertise in select metro stops when the system opens in 2019, an initiative that could generate millions of dollars to help cover operational costs. Construction on the 176-kilometre (110 miles) metro began in 2014 after contracts were awarded to consortiums headed ...

BEIJING / Reuters China has bought a rare cargo of liquefied natural gas (LNG) from Norway, Reuters shipping data shows, the latest sign that the world’s second-largest economy has rushed to increase spot purchases to ensure fuel supplies ahead of the coming winter. Trade flow data on Thomson Reuters Eikon shows LNG tanker Grace Cosmos, with a cargo of 143,625 ...