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United Arab Emirates

UAE contributes $50m to UNRWA

United Nations Relief and Works Agency (UNRWA) has welcomed the $50 million (Dh183 million) contribution announced upon the directives of the President of the UAE, His Highness Shaikh Khalifa Bin Zayed Al Nahyan The move comes as UNRWA faces the most serious financial crisis in its history. UNRWA is a relief …

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Dubai gets record 4.7m foreign tourists in Q1

Dubai welcomed a record 4.7 million foreign tourists in the first quarter this calendar signalling strong growth momentum for the economy, the Department of Tourism and Commerce Marketing (Dubai Tourism) said in a statement on Friday. “Welcoming 4.7 million international overnight tourists from January-March 2018, the emirate posted a stable …

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UAE ambassador meets Greek businessmen

Mohammad Mir Abdullah Al Raisi, UAE Ambassador to Athens, met on Thursday with a group of Greek business leaders, representing different industrial and business sectors. During the meeting, Abdullah Al Raisi highlighted the opportunities offered by the UAE to investors and referred to the leadership’s vision for the UAE becoming …

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FNC passes anti-begging draft law

Members of the Federal National Council on Tuesday passed an anti-begging draft law. The new legislation, which requires final approval of President His Highness Shaikh Khalifa Bin Zayed Al Nahyan, carries three-month jail term and a Dh5,000 fine for those found guilty of begging. Able-bodied offenders and those with a …

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DNO ups stake in Faroe Petroleum

DNO ASA, the Norwegian oil and gas operator, announced last night that it has acquired a further 3,744,203 shares in London-listed Faroe Petroleum plc at a price of £1.25 per share representing 1.02 per cent of the outstanding shares in the company. Together with two other recent transactions, also at …

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