Amazon is now the world's most valuable private company

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(New York) - Amazon for the first time closed out Monday’s trading session as the world’s biggest publicly-traded company, overtaking Microsoft and other fellow tech behemoths. The online sales goliath assumed the top spot after notching…

ADNOC named among top 10 oil & gas firms worldwide

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(Abu Dhabi) - The Abu Dhabi National Oil Company (ADNOC) is among the top 10 most influential companies and organisations in the energy sector, a new ranking from research and intelligence firm GlobalData found. The only Middle Eastern company…

UAE, Chechnya explore economic cooperation

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(Grozny) - President Ramzan Kadyrov of the Chechen Republic has received a delegation from Khalifa Fund for Enterprise Development, KFED, led by Hussain Jasim Al Nowais, Chairman of the Fund, and lauded the friendly relations and cooperation…

First Arab Digital Economy Conference concludes

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(Abu Dhabi) - The League of Arab States extended its sincere gratitude to His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, for his patronage and support for the…

Dubai FDI showcases emirate’s investment advantages in Spain

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(Dubai) - The Dubai Investment Development Agency (Dubai FDI), the investment development agency of Dubai Economy (DED), recently held a meeting with major industries and key investors at the Circulo Ecuestre in Barcelona, Spain in collaboration…

Apple to build new $1 billion campus in Texas

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(Texas) - Apple Inc said it would invest $1 billion to build a second campus in North Austin, Texas and another $10 billion for new data centers over the next five years, as it aims to create 20,000 jobs in the United States. The announcement…

ADNOC awards concession to China ZhenHua Oil

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(Abu Dhabi) - The Abu Dhabi National Oil Company, ADNOC, announced the four percent stake in its onshore concession, previously held by CEFC China Energy Company Limited, CEFC China, has been acquired by North Petroleum International Company…

Dubai Cares, UAEU sign up to participate in Expo 2020 Dubai

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(Dubai) - Leading global philanthropic organisation Dubai Cares and United Arab Emirates University, UAEU, will bring their educational focus and expertise to Expo 2020 Dubai, after signing official participation contracts. Dubai Cares becomes…

Emirati-Lebanese Forum discusses private sector partnership opportunities

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(Abu Dhabi) - The first "Emirati-Lebanese Investment Forum" began in Abu Dhabi. The forum was jointly organised by the Ministry of Economy and the Abu Dhabi Chamber of Commerce and Industry, ADCCI, in cooperation with the Federation of UAE…

Dubai Chamber hosts Prince of Monaco to boost ties

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(Dubai) - The Dubai Chamber of Commerce and Industry hosted a meeting for a high-level Monegasque delegation headed by His Highness Prince Albert II of Monaco, as part of its efforts to boost Dubai’s economic ties with the European nation. The…

UAE Central Bank, National Bank of Belarus sign MoU

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(Abu Dhabi) - The Central Bank of the UAE, CBUAE, and the National Bank of the Republic of Belarus, NBRB, have signed a Memorandum of Understanding to establish an arrangement for sharing of supervisory information and enhancing of cooperation…

Expo 2020 Dubai’s International Participants Meeting held

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(Dubai) - H.H. Sheikh Abdullah bin Zayed Al Nahyan, Minister of Foreign Affairs and International Cooperation, joined hundreds of delegates from around the world at the third International Participants Meeting (IPM) organised by Expo 2020 Dubai. H.H.…

Mohammed bin Rashid launches Jumeirah Project

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(Jumeirah) - His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, launched the ‘Jumeirah Project’, an initiative of Brand Dubai, the creative arm of the Government of Dubai Media Office (GDMO). To…

GCC’s 44th Industrial Cooperation Committee meeting held

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(Kuwait) - Dr. Matar Hamed Al Neyadi, Under-Secretary of the Ministry of Energy and Industry, led UAE’s delegation to the GCC’s 44th Industrial Cooperation Committee meeting held in Kuwait. They discussed issues on the agenda of the meeting…