Abu Dhabi / Emirates Business The Ministry of Climate Change and Environment (MOCCAE) has started the implementation of the first phase of its initiative to cultivate three coral gardens over a total area of 850 square meters in Ras Al Khaimah, Umm Al Quwain, and Ajman. As part of the initiative, MOCCAE has succeeded in cultivating 24 species of corals ...

DUBAI / WAM The Ministry of Economy (MoE), the Abu Dhabi Department of Economic Development (DED), and the Emirates Scientists Council (ESC), have signed a joint cooperation agreement to reinforce partnership between the three parties to support the Technology and Innovation Pioneers Platform (TIP), and the UAE Council of Sciences to encourage national inventors and innovators to continue their creative ...

FUJAIRAH / WAM The Fujairah Free Zone Authority (FFZA), is planning to encourage companies based in the Zone to share their skills and expertise with local entrepreneurs, as a way of stimulating local businesses, according to its director general, Sharief Al Awadhi. “Amongst the hundreds of companies in the zone, there are many who have skills that could be of ...

Abu Dhabi / Emirates Business Abu Dhabi Fund for Development (ADFD), the leading national entity for development aid, organised a UAE-wide tour for a visiting Asian Infrastructure Investment Bank (AIIB) delegation. Led by Dr D J Pandian, Vice President and Chief Investment Officer of AIIB, the delegation’s UAE visit highlighted the bank’s crucial role in financing development projects in Asian ...

ABU DHABI / WAM The Scientific Committee of the Sheikh Zayed Book Award has approved award nominees short-listed for its twelfth edition, following a series of meetings held in February. The meetings were headed by Dr Ali bin Tamim, Secretary-General of the Award, joined by Committee members Dr Khalil Al Shaikh from Jordan, Dr Mohammed Bennis from Morocco, Dr Kadhim ...

Sharjah / Emirates Business For the first time in the UAE, Horouf, a subsidiary of Kalimat Group, is organising ‘Horouf Reggio Conference’, a conference on the ‘Reggio Emilia Approach’ to education, which focuses on children’s mental development through language and the way they express themselves, as well as providing them with more control over the direction of their own learning. ...

DUBAI / WAM Mattar Al Tayer, Director-General and Chairman of the Board of Executive Directors of Roads and Transport Authority (RTA), stressed the importance of adopting innovative solutions for financing RTA’s future projects, establishing creative models for funding mobility projects, and boosting the public-private partnership (PPP). Al Tayer made these remarks during the opening of the Innovation Lab about the ...

Bloomberg It was supposed to be the crowning achievement of Malaysian tycoon T. Ananda Krishnan’s five-decade career. But his $7 billion bet on mobile carrier Aircel Ltd. may instead go down as one of the biggest-ever flops by a foreign investor in India, a stark reminder that doing business in the world’s fastest-growing major economy is often a lot tougher ...

Bloomberg Samsung Electronics Co.’s latest flagship smartphone isn’t the antidote to a stock slump that’s wiped more than $60 billion from the technology giant’s market value since November. That’s the thinking of investors like Sat Duhra, who helps manage $371 billion at Janus Henderson Investors. His fund has reduced holdings of Samsung and its South Korean industry peers amid concern ...

Bloomberg German chipmaker Infineon Technologies AG is teaming up with SAIC Motor Corp Ltd., China’s largest automaker by sales volume, to benefit from the quickly growing demand for electric cars in the country. Infineon and SAIC will set up a joint company to produce power modules for Chinese manufacturers of electric cars and plug-in hybrids, jointly investing at least $122 ...