UAE Sets a New Oil Industry Benchmark with Murban Trading

The historic launch of Murban trading on the new ICE Futures Abu Dhabi (IFAD) exchange not only signals the UAE's bold efforts to cement its status as a global energy major for years to come, but it also marks the first time an Opec member from the Arabian Gulf has permitted its crude to be sold and exported freely anywhere in the world..... Read more »

Posted on : 5/3/2021

UAE Sets a New Oil Industry Benchmark with Murban Trading

The historic launch of Murban trading on the new ICE Futures Abu Dhabi (IFAD) exchange not only signals the UAE's bold efforts to cement its status as a global energy major for years to come, but it also marks the first time an Opec member from the Arabian Gulf has permitted its crude to be sold and exported freely anywhere in the world..... Read more »

Posted on : 5/3/2021

UAE's Medcare partners with Israel hospital to boost medical services

The Aster DM Healthcare Group's Medcare Women & Children Hospital in the United Arab Emirates recently signed an agreement with Sheba Medical Center in Tel Aviv, Israel, to "facilitate knowledge exchange across various specialties.".... Read more »

Posted on : 5/3/2021

Dubai plans to massively redesign and construct public parks across the emirate

The creative arm of the Government of Dubai Media Office, Brand Dubai and Dubai Municipality have recently publicized a conglomerate to redesign public parks across the emirate to create them more engaging to visitors as creative, social and natural spaces..... Read more »

Posted on : 4/29/2021

Gulf African Bank, Toyota Kenya Sign Trucks Financing Deal

Islamic lender Gulf African Bank (GAB) has partnered with motor dealer Toyota Kenya to offer finance to customers buying Hino trucks and buses as well as Hilux pickups..... Read more »

Posted on : 4/28/2021

UAE Switching to Green Lights

Only fluorescent and LED lamps will be used in the UAE by the middle of 2013, as the Emirates Authority for Standardisation and Metrology expands its range of performance standards to include more electrical appliances such as washing machines and refrigerators. According to the latest regulations, all light bulbs sold and used in the country must be classified as environmentally friendly..... Read more »

Posted on : 4/12/2021

Sheikh Mohammed authorizes $8.2bln financial assistance to companies to boost UAE economy

His Majesty Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister, and Ruler of Dubai, has accepted the Emirates Development Bank (EDB) Strategy, which will offer a sizable AED30 billion in financial assistance to companies and start-ups, as a significant move toward driving the national economy..... Read more »

Posted on : 4/7/2021

UAE signs $3bn investment agreement with Iraq

The United Arab Emirates has agreed to spend $3 billion in Iraq as part of an effort aimed at "solidifying trade and investment links, tapping new opportunities of cooperation, and spurring developmental and socio-economic growth in Iraq.".... Read more »

Posted on : 4/7/2021

Sterlite Technologies Ltd Bags Rs 700-Crore Deals from Telecom Firms in UAE, Africa

Broadband technology company Sterlite Technologies Ltd NSE 2.18 % in March announced to have requested deals of over Rs 700 crore from telecom firms in Middle East and Africa (MEA), taking the company's total order book to over Rs 11,300 crore. The deal includes building infrastructure for 5G, 4G and FTTX for a leading telecom company in the UAE. It also got a deal from North Africa to deploy digital billing solutions for 70 lakh subscribers. .... Read more »

Posted on : 4/7/2021

Dubai Awards $147 Million Rail Contract to Franco-Japanese Group

Dubai's Road and Transport authority said on 13th March it had awarded a USD 147 million (AED 542 million) contract for the operation and maintenance of its rail services to a French-Japanese consortium. .... Read more »

Posted on : 4/7/2021