Media IN Abu-Dhabi 25-May-2019 The Consumer Price Index (CPI) In the Emirate of Abu Dhabi declined by 8% during the second week of Ramadan, compared to the first week. Prices in the food and beverage segment fell 3% during the second week of Ramadan, the Statistics Centre – Abu Dhabi …
Read More »Chinese giant announced setting up a $10billion project with Abu Dhabi’s KIZAD
Media IN Abu-Dhabi 25, May 2019 Under the agreement, the two entities are looking into a possible 15 year, three-phase plan to develop 7.6 square kilometres of land at KIZAD The agreement was signed by Samir Chaturvedi, CEO of Kizad, and Meng Changjun, president of Investments, East Hope Group, in …
Read More »UAE Startups praise long-term visas issued to Investors
Media IN Dubai 25 May, 2019 The UAE government last week decided to issue 10-year visas to investors, which has been widely hailed by industries, particularly by the startup community. The government’s approach to boost the ease of doing business has encouraged many investors locally as well as from the …
Read More »Prime Minister of Mali hails Khalifa Fund’s role in supporting entrepreneurship
Media IN Abu-Dhabi, 24th May, 2019 WAM Prime Minister of Mali, Boubou Cisse, has been briefed on the role played Khalifa Fund for Enterprise Development in ramping up the SMEs sector in the country, this came as the African premier and his accompanying delegation visited the Fund’s premises on Thursday. …
Read More »EDF, Masdar Consortium wins 800MW Solar Project deal in Morocco
Media IN Abu-Dhabi 24th-05-2019 A consortium led by French EDF Renewables won a tender to build an 800-megawatt solar plant near the Moroccan city of Midelt. The winning consortium for Noor Midelt I is led by French company EDF Renouvelables in collaboration with UAE renewables developer and operator Masdar, as …
Read More »AED 6.3 billion revenue obtained from Dubai Property in a week
23-05-2019 Media IN Dubai The real estate transactions in the Department of Land and Property in Dubai achieved more than 6.3 billion dirhams. This week, the department recorded 784 sales of AED 1.3 billion, of which 85 land plots worth 350 million dirhams and 699 sales of apartments and villas …
Read More »Umm Al Quwain Businesswomen elect New Management Team
Media IN Umm Al Quwain 23-05-2019 The Umm Al Quwain Businesswomen Council held today the first preparatory meeting for the new session of the council which runs from 2019 till 2022 for the election of the Board of Directors which resulted in the selection of Aisha Rashid Latim as President …
Read More »UAE Participates in Select America Investment Summit 2019
23-05-2019 media IN \Abu Dhabi The United Arab Emirates (UAE) will hold a delegation headed by HE Sultan bin Saeed Al Mansouri, Minister of Economy, at the “Select American Investment 2019” summit which will be held in Washington DC from June 10 to 12. The delegation includes the Undersecretary of …
Read More »Dana Gas acquires regulatory approval to buy back 10% of shares
Media IN Dubai 23rd, May 2019 WAM Dana Gas obtained approval from the UAE market regulator to buy back up to 10 per cent of its shares, a move that is in line with the company shareholders’ decision last month. The Securities and Commodities Authority (SCA) permitted the company to …
Read More »Hindustan Infralog Private acquires 76% stake in Kribhco infrastructure limited (KRIL) in India
Media IN Dubai, 23rd May, 2019 WAM Global port operator DP World Thursday said its joint venture with the National Investment and Infrastructure Fund (NIIF) HIPL has acquired 76 stake stake in KRIBCHO Infrastructure Ltd (KRIL). Hindustan Infralog Pvt Ltd (HIPL) is a joint venture between DP World and NIIF. HIPL has acquired KRIL through its subsidiary …
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