Japan's Asahi Yuzikai launches Middle East operations at DAFZA

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(Dubai) - Asahi Yukizai Corporation held an opening ceremony for its Middle East operations at Dubai Airport Freezone – DAFZA. The new office will play a key role in expanding the company’s business across the Middle East and North Africa…

UAE FM, British investors discuss cooperation

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(London) - H.H. Sheikh Abdullah bin Zayed Al Nahyan, Minister of Foreign Affairs and International Cooperation, has met with a delegation of British investors, as part of his official visit to Britain. The meeting tackled the growing historical…

Iran currency hits all-time low against dollar

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(Tehran) - The Iranian rial hit another all-time low against the US dollar in spite of central bank efforts to stem the decline. The rial has lost around 15 percent of its value on the open market in the past three days, bottoming at 128,500…

OPEC, non-OPEC countries hit 109 % conformity level

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(Vienna) - OPEC and Non-OPEC countries participating in the "Declaration of Cooperation" have achieved a conformity level of 109 percent in July 2018, said the Joint Ministerial Monitoring Committee (JMMC) following a meeting to review the monthly…

Nestle seals deal to market Starbucks coffee around the world

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(Zurich) - Nespresso maker Nestle said it has sealed a deal to market the products of US coffee giant Starbucks around the world, outside of its cafes. Swiss food giant Nestle, which also produces Nescafe instant coffee, had announced in…

DFSA, Singapore's Monetary Authority sign FinTech agreement

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(Dubai) - The Dubai Financial Services Authority, DFSA, and the Monetary Authority of Singapore, MAS, entered into an agreement that provides a framework for cooperation and referrals between the innovation teams of each authority. The agreement…

Dubai Duty Free recognised in Singapore

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(Dubai) - Dubai Duty Free was presented with its fifth Best Corporate Social Responsibility Practices Award at the 8th Asia Best Corporate Social Responsibility and Sustainability Awards, in Singapore. Hosted by the CMO Asia, a non-profit…

China to send negotiator to US for trade talks

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(Beijing) - China will send a top negotiator to the United States in late August to resume trade talks, the commerce ministry said, the first public meeting on the subject in weeks as the trade conflict intensifies. Vice Commerce Minister…

Etihad Airways, Al Nassr FC announce partnership

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(Abu Dhabi) - Etihad Airways, the national airline of the United Arab Emirates, has signed an agreement to be the official shirt and main sponsor and partner of the Riyadh-based, Saudi Stars League team, Al Nassr FC. The multi-season partnership…

Samsung unveils newest smartphone

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(New York) - South Korean electronics giant Samsung unveiled the new Galaxy Note 9 smartphone, its latest effort to address flagging sales of the high-functioning gadgets. Boosting the power and the price, Samsung hopes to win back customers…

Trade between UAE, Norway reaches US$640 million in 2017

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(Abu Dhabi) - The relations between the UAE and Norway have witnessed increasing development, in line with their strong bilateral ties over the past decades with the value of their trade exchange reaching around US$639.9 million in 2017, compared…

UAE, Japan explore prospects for greater joint strategic partnership

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(Tokyo) - UAE Minister of State and Group CEO of the Abu Dhabi National Oil Company, ADNOC, Dr. Sultan Al Jaber, has held a series of meetings with a number of Japanese ministers, top officials and MPs to boost joint comprehensive strategic…

ADNOC seeks to strengthen partnerships in Japan

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(Abu Dhabi) - Dr. Sultan bin Ahmad Sultan Al Jaber, Minister of State and ADNOC Group CEO, met with Hiroshige Seko, Minister of Economy, Trade and Industry, as part of a series of meetings, with government officials, business partners and customers,…

Expo 2020 selects Emaar Hospitality Group as official partner

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(Dubai) - Millions of visitors to Expo 2020 Dubai, including global leaders, will enjoy world class hospitality after organisers unveiled Dubai-based Emaar Hospitality Group, the hospitality and leisure subsidiary of global developer Emaar Properties,…