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Month: November 2018

Posted on 27/11/2018

Finance deal inked for Stage 2 of Etihad Rail network

The UAE Ministry of Finance and the Abu Dhabi Department of Finance have signed an agreement for the financing of Stage Two of the Etihad Rail national rail network. The second stage will extend 605 k…
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Posted on 27/11/2018

Back on track: Finance deal agreed to triple the UAE’s rail network

The county’s fledgling rail network is to more than triple in length with the announcement of ambitious plans to extend services from the border with Saudi Arabia to Fujairah. Etihad Rail has agreed f…
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Posted on 27/11/2018

Ministry of Finance and Abu Dhabi Department of Finance sign agreement for financing Stage Two of the UAE national railway network

The volume of goods transported will increase from seven million tons per year on Stage One to more than fifty million tons. ABU DHABI, United Arab Emirates:– The UAE Ministry of Finance and the Abu D…
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Posted on 27/11/2018

Dubai’s DAE raises bond repurchase programme by $300m

Dubai Aerospace Enterprise (DAE), the Middle East’s biggest … “The current trading levels of our bonds are not consistent with our current credit ratings, strong financial performance or our project…
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Posted on 27/11/2018

UAE to enforce new regulations on tobacco products soon

His Highness Sheikh Hamdan bin Rashid Al Maktoum, Deputy Ruler of Dubai, Minister of Finance and Chairman of the Federal Tax Authority (FTA), issued a decision regarding the implementation of the Mark…
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Posted on 27/11/2018

Canadian firm Brookfield in talks to invest in Dubai property developer

Brookfield Asset Management Inc. is in early talks for an investment in Dubai property developer Meraas Holding, according to people with knowledge of the matter, in a deal that would signal a vote of …
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Posted on 27/11/2018

DBS to almost double staff, triple revenue of Mideast private banking

DUBAI (Reuters) – DBS (DBSM.SI), Southeast Asia’s largest bank, said it would almost double its Dubai private banking staff in its bid to triple revenue for those operations in the Middle East …
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Posted on 27/11/2018

DBS bank announces five-year wealth expansion plan in the Middle East

Dubai branch to serve as strategic hub for bank’s Middle East private banking arm Along with its expansion plan, DBS also unveiled its new and expanded office premises located at the heart of Dubai’s …
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Posted on 27/11/2018

Abu Dhabi F1 test: Bottas fastest as drivers run with 2019 teams

Valtteri Bottas set the pace on the first morning of the post-Formula 1 season Pirelli tyre test in Abu Dhabi. The Mercedes driver lapped in 1m37.319s, three seconds slower than the Abu Dhabi Grand Pr…
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Posted on 27/11/2018

UAE pardons and releases Matthew Hedges, British student convicted of ‘spying’

Fantastic news about Matthew Hedges.Although we didn’t agree with charges we are grateful to UAE govt for resolving issue speedily.But also a bittersweet moment as we remember Nazanin &other …
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Posted on 27/11/2018

UAE pardons, releases British academic convicted of spying

Britain’s Foreign Secretary Jeremy Hunt also welcomed the decision on Hedges, tweeting it was “fantastic news.” He said Britain did not agree with the charges against Hedges but added that it is “grat…
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Posted on 27/11/2018

Freed academic returns to Britain from UAE after spy pardon

LONDON — Academic Matthew Hedges arrived back in Britain Tuesday after being pardoned and released by the United Arab Emirates from a spying conviction, ending an ordeal that had strained relations b…
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Posted on 27/11/2018

UAE frees Briton sentenced to life as spy after pardon

The UAE president issued the pardon as part of a mass clemency of more than 700 prisoners to mark the country’s National Day, according to a statement on state news agency WAM. The pardon was effectiv…
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Posted on 27/11/2018

British student accused of spying is pardoned by UAE

“Mr. Hedges will be permitted to leave the country once all the formalities are complete,” Jaber al-Lamki, a spokesman for the Emirati government, said at a news conference in Abu Dhabi on Monday. Tej…
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Posted on 27/11/2018

UK academic back home after UAE pardon

The UAE president issued the pardon as part of a mass clemency of more than 700 prisoners to mark the country’s National Day. British Foreign Secretary Jeremy Hunt welcomed the pardon, which he called …
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Posted on 27/11/2018

British academic pardoned after United Arab Emirates conviction for spying and life sentence

Matthew Hedges, 31, a doctoral student at Durham University, was convicted of espionage on Nov. 21 but said he was in the UAE researching his PhD. At a news conference Monday, UAE officials played sho…
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Posted on 27/11/2018

Academic Matthew Hedges arrives back in Britain after pardon for ‘spying’ in UAE

Khalifa bin Zayed Al Nahyan, UAE president, approved the family’s appeal for clemency during a traditional tranche of pardons for the state’s national day. At a news conference on Monday in Abu Dhabi, …
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