UAE News

Mubadala releases operational and financial results for H1, 2015

20 Sep 2015

Mubadala Development Company, the Abu Dhabi-based investment and development company, today released its interim financial statements and business highlights for the first half of 2015.

Mubadala Group CEO and Managing Director, Khaldoon Khalifa Al Mubarak, said, "Global economic conditions reinforce more than ever the importance of Mubadala’s long-term investment strategy and diversified portfolio. We continue to focus on developing leading, globally-integrated industry sectors in the... Read More

Dubai Crude Oil Price for December delivery is US$0.25 p.b. less than average daily settlement price

20 Sep 2015

The Department of Oil Affairs in the Government of Dubai has announced that it had notified its customers that the official price of Dubai crude oil which will be delivered next December, will be US$0.25 less than the average daily settlement price of the Oman Crude Oil Financial Contract in Dubai Mercantile Exchange contracts traded over the next month.

Abdullah Abdul Karim, Director-General of the Department, told Emirates News Agency, WAM, that the department sets the price of... Read More

Foreign Investors Purchased Dh 941.6 mn worth of shares on Dubai Financial Market

20 Sep 2015

Dubai Financial Market (DFM) announced that the value of shares bought by foreign investors, or non-UAE nationals, from 13th to 17th September, 2015, reached AED 941.6 million, while value of stocks they sold stood at AED 841.8 Million, with net foreign investment on the market reaching AED 99.8 million during the period, as aggregate buy.

Value of shares bought by foreigner investors comprised 60.9 per cent of the total value of stocks traded during the last five days, while value of... Read More

Etihad Airways and partner airlines’ fundraising transaction increased to US $ 700 million

20 Sep 2015

Etihad Airways and its equity partner airlines have increased the funds raised from their unique platform financing transaction to US$ 700 million following a surge in demand from international financial institutions.

Etihad Airways, Etihad Airport Services, airberlin, Air Serbia, Air Seychelles, Aliltalia and Jet Airways announced on Tuesday they had successfully raised US$ 500 million through the transaction, which followed roadshows in Abu Dhabi, Dubai and London.

After... Read More

UAE’s ENEC says first unit of nuclear plant 75% complete

20 Sep 2015

20 September 2015

The second unit at the Barakah plant is also 53 per cent complete following the installation of steam generators

The Emirates Nuclear Energy Corporation has announced that its first unit at the Barakah nuclear energy plant is now 75 per cent complete with the project on track to begin operations in 2017.

The second unit is also 53 per cent complete, following the installation of its two steam generators, a statement said.

The two huge stainless... Read More

Nation mourns demise of Shaikh Rashid

20 Sep 2015

20 September 2015

The UAE woke up on Saturday morning to the sad news of the demise of Shaikh Rashid bin Mohammed bin Rashid Al Maktoum.

Shaikh Rashid, the eldest son of His Highness Shaikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai, died of a heart attack. He was just 34.

The President, His Highness Shaikh Khalifa bin Zayed Al Nahyan, ordered three-day official mourning following the death of Shaikh Rashid. Flags will... Read More

Sheikh Rashid bin Mohammed bin Rashid Al Maktoum dies of heart attack

19 Sep 2015

Wam, September 19, 2015

Sheikh Rashid bin Mohammed bin Rashid Al Maktoum, son of Sheikh Mohammed bin Rashid, Vice President and Prime Minister of the UAE and Ruler of Dubai, died on Saturday morning of a heart attack.

The Court of the Ruler of Dubai declared three days of mourning in Dubai from Saturday, and flags will be at half-mast at government departments and institutions.

President Sheikh Khalifa expressed his heartfelt condolences and solace to Sheikh Mohammed,... Read More

UAE to help small businesses in Chechnya

17 Sep 2015

The authorities of the United Arab Emirates are planning to help the development of small business in Chechnya. The head of Chechnya, Ramzan Kadyrov, and the Crown Prince of Abu Dhabi, Deputy Supreme Commander of UAE Mohammed Al Nahyan, discussed this question yesterday during a visit to the pavilions of the International Aviation and Space Salon MAKS-2015.

"The Sheikh confirmed his intention to continue to work on strengthening and expanding friendly ties between the Emirates and the... Read More

Iconic New York City eatery, Serendipity 3, to open in Dubai

17 Sep 2015

Al Tayer Group is set to launch the first two Serendipity 3 outlets in Dubai in December 2015, at Dubai Festival City and The City Walk, under an exclusive license covering the GCC.  These will be the first operations outside of the U.S., of the famed establishment.

Serendipity 3 has been one of New York City's most beloved eateries for more than 60 years. Founded by Calvin Holt, Patch Caradine and Stephen Bruce, the name is defined as "...the art of making happy discoveries, or... Read More

Expo 2020 Dubai Higher Committee approves progress towards event delivery

17 Sep 2015

Al Hashemi’s update included a discussion on the latest enhancements to the Expo site master-plan

17 September, 2015

WAM

Dubai: The Higher Preparatory Committee of Expo 2020 Dubai met on Tuesday under the chairmanship of Shaikh Ahmad Bin Saeed Al Maktoum, Chairman of Higher Preparatory Committee, President of Dubai Civil Aviation and Chairman and CEO of Emirates airline and Group, ahead of a series of key events this autumn, to discuss updates on the progress on the... Read More

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