DFSA signs MoU with Astana Financial Services Authority

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(Dubai) - The Dubai Financial Services Authority, DFSA, entered into a Memorandum of Understanding, MoU, with the Astana Financial Services Authority, AFSA. The MoU was signed in the Dubai International Financial Centre, DIFC, by Bryan Stirewalt,…

Egypt to halt imports of LNG by end of FY 2017/18

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(Cairo) - Egypt plans to stop importing Liquefied Natural Gas, LNG, by the end of the 2017/18 fiscal year ending in June as it speeds up production at recently discovered gas fields, Reuters quoted Petroleum Minister Tarek El Molla as saying. Egypt…

Empower receives four awards at IDEA conference in Canada

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(Vancouver) - Emirates Central Cooling Systems Corporation, Empower, the world’s largest district cooling services provider, received four awards IDEA Innovation Awards for the '360 Solution for Metering Artificial Intelligence, AIMS 360',…

China offers to buy $70 bn in US goods

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(Washington) - China offered to buy nearly $70 billion in American farm, manufacturing and energy products to persuade Washington to drop threatened tariffs. Top Chinese economic advisor Liu He presented the offer to the American team during…

UAE largest source of FDI in Arab region

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(Abu Dhabi) - The UAE has ranked 30th in the world in terms of a nation's ability to attract foreign direct investment in 2017, up five places from 2016. According to the UN Conference on Trade and Development, UNCTAD, 'World Investment Report…

Big Things Group selected as partner for U.S. Pavilion at Expo 2020 Dubai

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(Abu Dhabi) - The U.S. Department of State has announced its intent to work with the Big Things Group as its partner for the U.S. pavilion at Expo 2020 Dubai. Current design plans, based on the theme "What Moves You," are for a U.S. pavilion…

UAE-Russia Cooperation Team meeting held

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(Abu Dhabi) - Abu Dhabi hosted the first meeting of the "UAE-Russian Industrial, Technological and Scientific Cooperation Team," which was headed by Dr. Matar Hamed Al Neyadi, Under-Secretary of the Ministry of Energy and Industry, and George…

Dubai leads regional, global rankings in IMD Competitiveness Report

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(Dubai) - Dubai has ranked first in the Arab world in terms of government budget (as percentage of GDP), while globally the emirate ranked seventh in government efficiency and third in public finance, according to the Competitiveness Report…

Dubai wins bid to host 12th World Chambers Congress in 2021

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(Dubai) - Dubai has won the bid to host the 12th World Chambers Congress (WCC) in 2021, which will see the participation of 14,000 chambers of commerce from 100 countries. The 12th WCC will be held under the patronage of His Highness Sheikh…

UAE GCAA signs Air Services Agreement with Republic of Kiribati

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(Abu Dhabi) - The Government of the United Arab Emirates and the Government of the Republic of Kiribati initiated an Air Services Agreement (ASA) between the two sides on the 21st of May. Omar bin Ghaleb, Deputy Director-General of the General…

DEWA discusses cooperation with Finnish company Valmet

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(Dubai) - Saeed Mohammed Al Tayer, MD & CEO of Dubai Electricity and Water Authority; DEWA, has received a delegation from the Finnish company, Valmet in the renewable energy sector. The delegation included Jukka Hahlantera, Commercial Counsellor…

St Petersburg International Economic Forum held

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(Russia) - H.H. Sheikh Hamed bin Zayed Al Nahyan, Chief of the Abu Dhabi Crown Prince's Court, has attended the St Petersburg International Economic Forum (SPIEF) 2018, which opened on May 24th. H.H. Sheikh Hamed attended the main session…

FCCI discuss economic ties with Ethiopia

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(Fujairah) - Khalifa Khamis Mattar Al Kaabi, Chairman of the Board of Directors of the Fujairah Chamber of Commerce and Industry, FCCI, discussed with Jerusalem Amdimarim Tadisi, Consul-General of Ethiopia in Dubai, ways of reinforcing the economic…

Ministry of Economy discusses cooperation with South Korea

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(Dubai) - Abdullah Sultan Al Shamsi, Under-Secretary at the Ministry of Economy and Chairman of the Executive Global Innovation Team, and Kim Yungray, Director-General of Commercial Policies at the Ministry of Commerce and Industry of South…