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Month: September 2020

Posted on 04/09/2020

UAE to strengthen position in high-value sectors, minister tells GMIS summit

Dr Sultan Al Jaber said the country would harness ‘breakthrough technology’ and look to build self-sufficiency in key sectors …
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Posted on 04/09/2020

Agri trading giant Louis Dreyfus in potential stake sale talks with Abu Dhabi’s ADQ

Louis Dreyfus is one of four largest food grain trading companies in the world Abu Dhabi:Louis Dreyfus Co., the storied agricultural trader controlled by billionaire Margarita Louis-Dreyfus, is in …
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Posted on 04/09/2020

Dubai will make government-owned companies play by private sector rules

It is gradually removing funding advantages government-owned companies have Dubai: Going forward, government-owned businesses in Dubai will not compete directly with the private sector. That, in a …
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Posted on 04/09/2020

Louis Dreyfus in talks to sell stake to Abu Dhabi’s sovereign wealth fund: BBG

Commodity trader Louis Dreyfus Corp is in talks to sell a stake to Abu Dhabi sovereign wealth fund ADQ, Bloomberg News reported on Friday, citing people familiar with the matter.
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Posted on 04/09/2020

Bahrain OKs use of its airspace for new Israel-UAE flights

The government of Bahrain says it will allow Israeli commercial carriers in its airspace to fly a new route to the United Arab Emirates.
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Posted on 04/09/2020

Louis Dreyfus in Talks to Sell Stake to Abu Dhabi’s ADQ

Louis Dreyfus Co., the storied agricultural trader controlled by billionaire Margarita Louis-Dreyfus, is in talks to sell a stake in the firm to Abu Dhabi sovereign wealth fund ADQ, according to …
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Posted on 04/09/2020

Dubai says to continue infrastructure spending after $2bn bond issuance

The Government of Dubai has announced the successful completion of a $2 billion bond issuance. The Department of Finance (DOF) said the issuance consisted of ten-year Islamic sukuk of $1 billion at a …
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Posted on 04/09/2020

Dubai is harnessing the power of data

We have launched a project to identify the best model for opening and exchanging data between the government, private sector, and the people …
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Posted on 04/09/2020

Watch: First hotel run entirely by Emiratis in Dubai aims to provide feel of an Emirati home

The Manor Hotel founder says the idea is to showcase an authentic Emirati experience DUBAI: When an Emirati family business began working on establishing The Manor Hotel in Dubai, they decided to …
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Posted on 04/09/2020

Delivery worker in the dock for kissing girl’s cheek in Dubai

A Dubai supermarket delivery worker is on trial accused of sexually abusing a 10-year-old girl at her doorstep. A Dubai Court of First Instance heard on Thursday that last month, the Algerian student …
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Posted on 04/09/2020

Vodafone’s India unit plans to raise $1.5b after earning a respite from top court

The UK Vodafone Group’s India unit is planning to raise about $1.5 billion as it seeks to turn around its fortunes in the country’s fiercely competitive wireless market. Vodafone Idea is discussing a …
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Posted on 04/09/2020

Watch: Abu Dhabi mum saves teenaged son’s life by donating her kidney

Israel ties, US defiance, India parliament, Lebanon government, issues in Europe, here are the top news in pictures today Dubai: Life was a breeze for American teen Umair M Harleston until a couple of …
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Posted on 04/09/2020

Bahrain to allow Israel flights to UAE over its airspace

Bahrain will allow “all flights coming to and departing from the United Arab Emirates” to cross through the island kingdom’s airspace — a statement …
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Posted on 04/09/2020

Sharjah cracks down on 350 illegal markets selling fakes, expired food

Thabit Al Taraifi, director-general of Sharjah Municipality, said that the civic body formed 40 teams of inspectors to carry out inspections targeting the mushrooming of illegal markets across the …
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Posted on 04/09/2020

Ashurst Advises Abu Dhabi National Oil Company on $5.5 Billion Real Estate Deal

Abu Dhabi. The deal involved the purchase by an investment partnership involving New York-based Apollo Global Management and a group of other institutional investors of a 49% stak …
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Posted on 04/09/2020

Why US wants Saudis to follow UAE’s path to nuclear energy

As the rules-heavy U.S. competes with China for the direction of the Saudi nuclear program, it can point to the UAE’s by-the-book civilian reactor.
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Posted on 04/09/2020

Dubai opens its doors to retired expats

It is more associated with beaches, bling and footballers than grey hair, but Dubai has begun a campaign to encourage expatriates to retire to the emirate, granting “pensioner visas” for the first …
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