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Abu Dhabi / Agencies Eshraq Properties Company PJSC (“Eshraq”) and Reem Investments PvJSC (“Reem”) confirmed that the discussions are at an advanced stage over a potential strategic investment in Eshraq (by way of subscription for new shares to be issued by Eshraq) in return for the acquisition of Reem’s entire business and assets (the “Potential Transaction”). This Transaction will create ...

VIENNA / WAM OPEC has commended the UAE’s commitment to adhere to its production adjustments for “the remaining period of the Declaration of Cooperation.” The Declaration was made at the joint OPEC-Non-OPEC Producing Countries’ Ministerial Meeting held on December 10, 2016 at which 11 (now 10) non-OPEC oil producing countries cooperated with the 13 (now 14) OPEC Member Countries in ...

ABU DHABI / WAM The decent gains held by listed UAE property companies during H1 2017 reflect the positive sentiments prevailing in the UAE realty market and corroborate investors’ growing confidence despite global economic headwinds, according to a real estate expert. “The UAE property market is forging ahead towards more maturity at the current stage, with property development companies exhibiting ...

DUBAI / WAM The Roads and Transport Authority (RTA) in Dubai has reiterated its endeavour and commitment to harness the world’s most sophisticated technologies, to be utilised in its diverse operations to support the delivery of its services to the various social segments of the public. The RTA and Siemens have therefore recently signed a Memorandum of Understanding (MoU), at ...

Dubai / WAM Dubai Electricity and Water Authority (DEWA) has announced that the adoption rate of its smart services has reached 80 percent, ahead of the deadline set by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, to reduce the number of visitors to government offices by 80 ...

ABU DHABI / WAM The Emirates Post Group (EPG) discussed cooperation with Universal Postal Union (UPU) in postal field. This came during a meeting between Chairman of EPG, Mohamed Sultan Al-Qadi, and UPU Director-General Bishar Hussein, Regional Coordinator of International Development Programme for African Countries Abdellatif Meskine. The meeting was attended by Chief Support Services Officer at EPG Sami Alkhaja, ...

DUBAI / WAM Abu Dhabi achieved a 4% uplift in hotel guests last month, compared to July 2016, with almost 400,000 guests pushing the cumulative total for the first seven months of the year to over 2.6 million, maintaining a growth of 7% on the year, according to figures released by Abu Dhabi Tourism & Culture Authority (TCA Abu Dhabi). ...

DUBAI / WAM Dubai’s leading conference organizer World Arena Group, is all set to host Dubai’s first women SME conference on the October 3 and 4 at V FIVE Palm Jumeirah, Dubai. With an expected attendance of over 200 women from across the Middle East, the Women SME conference in partnership with Dubai Business Women Council will cover various topics ...

DUBAI / Emirates Business In an awareness campaign launched by the Department of Tourism and Commerce Marketing (Dubai Tourism) six young social media influencers from the region took part in the Dubai Summer Challenge to prove that Dubai provides great value to visitors. The project highlighted the diversity of value offerings and experiences that tourists can choose from during their ...

DUBAI / WAM Hussain bin Ibrahim Al Hammadi, Minister of Education, stressed that the Emirati schools have become more established, developed and up-to-date with the best international systems. He added that the ministry has conducted a series of continuous improvement programmes, as part of their development efforts to adopt the best educational standards and practices in the country’s education system, ...