Gulfood prompts F&B industry to rethink output

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(Dubai) - Gulfood, the world’s largest annual food and beverage trade exhibition, will mark its silver anniversary this year by uniting food businesses from six continents to rethink their output in an age of major innovation and evolution…

UAE stocks gain AED6.4 bn in two sessions

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(Abu Dhabi) - The country's two main bourses maintained their significant gains for the second straight day, with the market cap of the trading companies hitting AED6.4 billion during the two sessions of today and yesterday. Driven by the…

US, China sign 'momentous' trade deal

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After nearly two years of conflict between the world's two dominant economic powers, the United States and China signed a trade truce, letting businesses around the globe breathe a sigh of relief. US President Donald Trump, who currently…

Masdar launches global 'Youth 4 Sustainability' platform

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(Abu Dhabi) - H.H. Sheikh Khalid bin Mohamed bin Zayed Al Nahyan, Member of the Abu Dhabi Executive Council and Chairman of the Abu Dhabi Executive Office, attended the global launch by Masdar of the Youth 4 Sustainability, Y4S, platform. The…

Mohammed bin Rashid visits World Future Energy Summit

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(Abu Dhabi) - His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, visited the World Future Energy Summit, held on the sidelines of Abu Dhabi Sustainability Week, ADSW, 2020, at the Abu Dhabi…

Global economy will grow by 2.4pc this year: World Bank

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(Washington) - Recovery in a handful of countries will boost global growth slightly this year but the outlook is riddled with potential pitfalls that could derail this tepid upswing, the World Bank cautioned. A renewal of trade tensions,…

Erdogan, Putin inaugurate gas pipeline linking Russia, Turkey

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(Istanbul) - President Recep Tayyip Erdogan and Russian counterpart Vladimir Putin inaugurated a new gas pipeline linking their countries at a ceremony in Istanbul with tensions over Libya and Syria also on the agenda. Erdogan described the…

China starts lifting restrictions on foreign investment

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(Beijing) - China has started lifting major restrictions on foreign investment in its financial sector, a move long demanded by the United States as the world´s two biggest economies are locked in a fierce trade battle. From the start of…

Dubai marks arrival of six international cruise liners in one day

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(Dubai) - Strengthening Dubai’s position as the leading "cruise hub of the region", the emirate welcomed six international cruise liners on 29th December 2019, via the Mina Rashid cruise terminal. The terminal dealt with over 60,000 cruise…

Etihad, Kuwait airways launch new codeshare partnership

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(Abu Dhbai) - Etihad Airways, the national airline of the United Arab Emirates, and Kuwaiti flag carrier, Kuwait Airways, have signed a codeshare partnership on selected services on bookings effective 22nd December 2019, for travel from 5th…

Etisalat first operator in MENA to introduce MEC technology

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(Abu Dhabi) - Etisalat announced the successful deployment of a multi-access edge computing, MEC, which will pave the way for the telecommunications entity to roll out new 5G-styled services, beginning with its content delivery network, CDN. MEC…

Saudi Aramco acquires 17% of South Korean Hyundai Oilbank

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(Dhahran) - Saudi Arabian Oil Company, Saudi Aramco, has completed, through its subsidiary Aramco Overseas Company, the acquisition of 17 percent of Hyundai Oilbank from Hyundai Heavy Industries Holdings, for approximately US$1.2 billion. The…

Dubai Chamber hosts business delegation from Azerbaijan

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(Dubai) - A visiting delegation representing 27 Azerbaijani companies recently visited the Dubai Chamber of Commerce and Industry where meetings focuses on expanding business ties were held. According to Dubai Chamber, some 204 meetings were…

Germany to address shortage of skilled workers: Merkel

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(Berlin) - Germany is facing a risk of businesses relocating due to a shortage of skilled workers, German Chancellor Angela Merkel said. "We know that many sectors and businesses are looking for skilled workers," the German news agency DPA…