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  Dubai / WAM Saeed Mohammed Al Tayer, Managing Director and CEO of Dubai Electricity and Water Authority (DEWA) led the ground-breaking of Mai Dubai’s new expansion project in Yalayis off Al Qudra Road in Dubai. The project is the first of its kind for the bottled water industry in the region and includes two phases that will be completed by ...

  Dubai / WAM The Dubai Government will issue its last paper transaction by 2021, said His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of the Dubai Executive Council, while attending Smart Dubai’s ‘Future-Now’ event at the Dubai Design District. He instructed the Smart Dubai Office to oversee the ambitious goal. During ...

  Abu Dhabi / WAM Mubadala Development Company and Eshraq Properties are exploring opportunities for establishing a joint real estate development company in Abu Dhabi following the signing of a Heads of Terms Agreement. The two parties agreed on a range of principles relating to the potential joint venture to jointly develop plots in Abu Dhabi owned by Mubadala on Al ...

  Dubai / WAM Dubai Economy and the Dubai Quality Group (DQC) have signed an agreement to promote participation in community welfare activities sponsored by the two organisations. The agreement seeks to promote innovation and partnerships, as well as consolidate all efforts towards implementing the directives of the UAE President His Highness Sheikh Khalifa bin Zayed Al Nahyan to observe 2017 ...

  DUBAI / WAM His Highness Sheikh Ahmed bin Saeed Al Maktoum, Chairman of the Board of Dubai World Trade Centre Authority (DWTCA) announced the 2016 annual performance of Dubai World Trade Centre (DWTC) as the business surpassed a significant milestone in visitation traffic hosting 3.03 million delegates and attendees to events. The results represent an impressive 11% year-on-year footfall ...

  SHARJAH / Emirates Business Sharjah Islamic Bank (SIB) posted a net profit of AED 139.1 million for the first quarter of 2017 compared to AED 131.4 million for the same period last year, a 5.9 % increase. Total assets reached AED 34.6 billion at the end of the 1st Quarter 2017 compared to AED 33.5 billion at the end ...

  DUBAI / Emirates Business Etisalat on Sunday signed an agreement with Al Fardan Exchange, one of the oldest and most established names in the UAE remittance market, to improve customer experience and provide convenient seamless payment solutions across the country. The agreement signing ceremony was held at Etisalat Head Office in the presence of senior executives from Etisalat and ...

  DUBAI / WAM The government of the UAE has launched “The Future in 60 Minutes” initiative, which includes a series of 60-minute lectures to discuss various topics on vital aspects of the UAE’s strategy to predict the future. The Future in 60 Minutes initiative will host international experts speaking on the subject of predicting the future, who will provide a ...

  Bloomberg Japanese stocks have been battered so badly that they’re too cheap to ignore, says the $165 billion investor Pictet Asset Management Ltd., after the Topix index tumbled to its fifth straight weekly loss. “It’s a buying opportunity,” Hiroshi Matsumoto, head of Japan investment at the money manager, said in a phone interview from Tokyo. Matsumoto gave two reasons ...

  Bloomberg On the same day that President Donald Trump’s top economic adviser, Gary Cohn, publicly promoted the administration’s plans to overhaul financial regulations, part of Cohn’s stake in Goldman Sachs Group Inc. was sold, according to federal financial-disclosure documents. The bank’s share price rose that day by 4.5 percent on news of the planned regulatory review, as other financial-industry ...