ABU DHABI / WAM UAE’s space programs, including the planned launch of the first Arab probe to Mars by 2021, known as Emirates Mars Mission, are beacons of hope for Arabs to blaze a trail and achieve distinction in this domain, according to Dr Farouk El-Baz, Director of the Centre for Remote Sensing at Boston University, and Member of the ...

ABU DHABI / WAM Masdar and the Costa Rican Electricity Institute (Instituto Costarricense de Electricidad, or ICE) have announced a collaboration to promote renewable energy development. Mohamed Jameel Al Ramahi, Chief Executive Officer of Masdar, and Eugenia Gutierrez, Member of the Board and Director of ICE, signed a Memorandum of Understanding to share technical knowledge and project experience. The agreement ...

ABU DHABI / WAM Mubadala Investment Company and Mubadala Infrastructure Partners (MIP) agreed to sell their combined equity interest of 50 percent in Abu Dhabi Terminals (ADT) to the remaining shareholder, Abu Dhabi Ports, for an undisclosed amount. ADT is the first commercial port operator in the Emirate of Abu Dhabi. Its core business is to operate and manage a ...

ABU DHABI / WAM Shuaa Capital has announced the completion of its acquisition of Integrated Securities (IS) and Integrated Capital (IC), following final approval by the Emirates Securities and Commodities Authority and the UAE Central Bank. Shuaa’s current multi-pronged business strategy — which came into effect in early 2017 — helped it return to a path of sustained long-term profitability, ...

ABU DHABI / WAM The UAE Central Bank announced that the money supply aggregate M1 rose 0.2 percent, from AED509.7 billion at the end of February 2018 to AED510.6 billion at the end of March 2018. In a statement, the bank said, “The money supply aggregate M2 increased by 0.7 percent, from AED1284.9 billion at the end of February 2018 ...

Bloomberg Major US equity indexes followed European and Asian stocks higher as the corporate earnings season gathers pace. Benchmark 10-year Treasury yields pierced the 3 percent level for the first time since 2014, while the dollar retreated from the highest level since January. Corporate earnings remained in focus with 180 S&P 500 firms reporting this week. Alphabet Inc. slipped as ...

Bloomberg The world’s biggest cryptocurrencies rose again on Tuesday, extending their April rally deep into its fourth week and taking this month’s increase to more than 75 percent. Ethereum, Bitcoin Cash and EOS helped lead the advance, prices compiled by Bloomberg and Coinmarketcap.com show. Market leader Bitcoin climbed 4.4 percent; its trading volume in the 10 biggest exchanges has topped ...

Bloomberg London Stock Exchange Group Plc’s directors should be prepared to confront “behavioural and performance issues” among management, according to a review that absolved its board of blame in the acrimonious departure of former CEO Xavier Rolet. Rolet abruptly left LSE in November amid a battle between the 217-year-old bourse’s board and activist investor TCI Fund Management, which wanted Rolet’s ...

Dubai / Emirates Business Dubai Islamic Economy Development Centre (DIEDC) on Tuesday announced its collaboration with Nasdaq Dubai to design and implement new initiatives that complement Dubai’s success in emerging as a leading global sukuk-listing hub. The announcement was made at a session to present updates on the Dubai Gold Sukuk Centre initiative to His Highness Sheikh Mohammed bin Rashid ...

Abu Dhabi / WAM The latest statistics from the Abu Dhabi Statistics Centre (ADSC), showed that the number of hotel establishments in Abu Dhabi, including hotels, resorts and hotel apartments, reached 162 while the number of rooms reached 30,882 at the end of 2017. The numbers of hotel guests in 2017 also surged to 4.88 million, a growth of 10.1 ...