Abu Dhabi’s trade with Saudi Arabia rises to Dh18.3 in four months

Abu Dhabi: The value of trade in goods between the Emirate of Abu Dhabi and Saudi Arabia has increased to Dh18.3 billion during the first four months of 2019, a growth of 20.6 per cent compared with the same period of 2018, according to figures released by the Statistics Centre — Abu Dhabi. The emirate’s […]

Mystery around Jeffrey Epstein’s fortune and how he made it

In a neighborhood of millionaires and billionaires, steps from New York’s famous Museum Mile, two initials discreetly adorn the entrance of one of the city’s most opulent mansions: J.E. The letters stand for Jeffrey Epstein, the self-described “collector” of rich and powerful men, who has been accused of sexually assaulting girls inside the luxurious Manhattan […]

Gulf Pharma firm replaces execs, cuts jobs, after Saudi ban

Ras Al Khaimah: Gulf Pharmaceutical Industries is looking to hire a restructuring adviser after cutting jobs as a ban on the medicine maker’s exports to Saudi Arabia weighs on its finances. The company known as Julphar replaced most of its top management and appointed new board members as it comes under increasing financial strain. The […]

Abu Dhabi Ports executive appointed as Arabtec’s acting CFO

Dubai: Arabtec Holding, the Dubai-listed construction firm, announced on Tuesday the appointment of Adel Al Wahedi as its acting chief financial officer. This news comes two months after the group’s former CFO vacated his position to temporarily take on the role of chief executive officer from Hamish Tyrwhitt, who stepped down from the job. Arabtec […]

Union Coop opens ceiling of shareholders’ purchases

DUBAI: Union Coop has announced that it has opened its purchasing ceiling to its shareholders to offer them the highest possible returns on their purchases as of the beginning of 2019. The decision comes as a result of its strategic objectives to ensure shareholder happiness and achieve high returns on their investments. Speaking on the […]

UAE, Vietnam boosting cooperation

ABU DHABI: Ways of accelerating mutual cooperation were the main topic of discussions at a meeting Suhail Bin Mohammad Faraj Faris Al Mazrouei, Minister of Energy and Industry, had with Trinh Dinh Dung, Deputy Prime Minister of Vietnam, and his accompanying delegation, recently. During the meeting, Al Mazrouei emphasised the strength of UAE-Vietnam relations in […]