Tawazun Economic Council to establish four new regional centres in UAE

ABU DHABI: As part of their ongoing commitment to enable the UAE’s defence and security industry, Tawazun Economic Council, “Tawazun,” announced plans to establish four new regional centers, bringing to nine the total number of projects announced under the new policy for Tawazun Economic Programmne during IDEX 2019. Matar Ali Al Romaithi, Chief Economic Development […]

Dubai Airshow: Raytheon Emirates committed to strengthening local job market says chief

Dubai: Demand for Raytheon products and services remained robust in the UAE, with the company looking to develop new capabilities and technologies to expand outside the traditional oil and gas industry, according to Alan Davis, chief executive for Raytheon Emirates. Raytheon, of which Raytheon Emirates is a wholly-owned subsidiary, is a major US defence contractor […]

UAE-Africa ties enter a new phase of growth

The fifth edition of the Global Business Forum (GBF) Africa comes at a time when UAE-Africa ties are rapidly expanding, supported by several important developments such as improved connectivity and business confidence, economic reforms and regional integration. The expansion of direct flights between the UAE and major African cities, the signing of strategic cooperation agreements […]

Saudis get a sliver of Aramco, the $1.7 trillion oil giant

Dubai: Saudi Aramco on Sunday pledged to the local public 1.5 per cent of the state-owned oil giant’s $1.7 trillion stock, putting to end months of speculation surrounding possibly the world’s largest IPO. Aramco offered more details on the mammoth share offering it is planning for December, as it began its much-anticipated share sale and […]