NEW DELHI — One of the world’s richest men is launching Pret A Manger in India, adding the British coffee and sandwich store brand to a huge business empire that spans energy, retail and telecommunications. A unit of Mukesh Ambani’s conglomerate Reliance Industries said on Thursday that it has entered into a “long-term master franchise...
By Binsal Abdulkader ABU DHABI, 1st July, 2022 (WAM) — The Comprehensive Economic Partnership Agreement (CEPA) signed between Indonesia and the UAE on Friday will bring economic prosperity to a large section of Indonesian population, a top Indonesian diplomat told the Emirates News Agency (WAM). “The Small and Medium Enterprises (SMEs) in agriculture sector, and...
DUBAI, 1st July, 2022 (WAM) — The Union Coop today announced its intention to list its shares on the Dubai Financial Market (DFM) on Monday, 18th of July 2022, as the first retail cooperative in the UAE that takes this pioneering step. The listing is a part of the Securities and Exchange Higher Commission strategy...
Fri 01-07-2022 12:56 PM VIENNA, 1st July, 2022 (WAM) — The price of OPEC basket of thirteen crudes stood at $115.61 a barrel on Thursday, 30th June, compared with $117.64 the previous day, according to OPEC Secretariat calculations. The OPEC Reference Basket of Crudes (ORB) is made up of the following: Saharan Blend (Algeria), Girassol...
DUBAI, 1st July, 2022 (WAM) — The Ministry of Climate Change and Environment (MoCCAE) has hosted the second National Dialogue for Climate Ambition (NDCA), dedicated to the energy industry. Themed, “The energy sector: A catalyst towards carbon neutrality”, the session convened 52 representatives of relevant public and private sector entities, including leading UAE-based power companies....
BRUSSELS — The European Union has agreed on landmark rules for regulating the cryptocurrency industry, whose meltdown has been wiping out fortunes and sparking calls for tighter scrutiny worldwide. EU negotiators hammered out the final details for a provisional agreement late on Thursday on a sweeping package of crypto regulations for the bloc’s 27 nations,...
ABU DHABI, 1st July, 2022 (WAM) — AD Ports Group today announced that it has reached an agreement to acquire a 70 percent equity stake in International Associated Cargo Carrier B.V., which wholly owns two Egypt-based maritime companies, Transmar International Shipping Company and Transcargo International S.A.E. (TCI). The total purchase consideration (Enterprise Value) of this...
DUBAI — Top retail professionals of the Middle East were recognized for their tremendous contribution to the industry at the annual RetailME Summit 2022 held at Dubai Wednesday. The event saw some of biggest retailers from around the world coming together to share the innovations and trends shaping the retail industry, one of the biggest...
Makkah — Saudi security authorities have arrested 19 people for Hajj fraud. The detained included two Saudis and 17 foreigners for their involvement in the Hajj fraudulent practices. شرطة منطقة الرياض تقبض على (8) مقيمين لترويجهم لعمليات نقل خاص وحملات حج وهمية pic.twitter.com/T5oSY973Mp — الأمن العام (@security_gov) June 29, 2022 Their fraud included cheating pilgrims...
ABU DHABI, 30th June, 2022 (WAM) — H.H. Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, Member of Abu Dhabi Executive Council and Chairman of Abu Dhabi Executive Office, today launched the Abu Dhabi Industrial Strategy to strengthen the emirate’s position as the region’s most competitive industrial hub. Abu Dhabi Government will invest AED10 billion...