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startAD’s fintech venture launchpad offers direct engagement with investors

ABU DHABI / WAM Innovation and entrepreneurship platform startAD on Saturday announced it will host a ten-day entrepreneurship programme at NYU Abu Dhabi (NYUAD) to provide ten Fintech startups a unique opportunity to pitch their business one-on-one to investors from the UAE. Early-stage Fintech startups based in the UAE are encouraged to apply before the upcoming deadline of February 4, ...

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DLD signs international real estate promotion trustee pact

Dubai / Emirates Business Dubai Land Department (DLD) announced a new cooperation and strategic partnership agreement with Medallion Associates LTD. The agreement was signed by His Excellency Sultan Butti bin Mejren, Director General of DLD, and Masood Al Awar, Chairman and CEO of Medallion Associates LTD, in the presence of senior officials from the two companies and a number of ...

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RTA’s two new bridges to ease traffic in Dubai

Dubai / WAM The Roads and Transport Authority (RTA), on Saturday opened two major bridges as part of the improvement plan of Sheikh Rashid-Sheikh Khalifa bin Zayed street intersection. The first bridge on Sheikh Khalifa bin Zayed Street comprises two lanes in each direction, and the second is a one-lane bridge stretching from Za’abeel Street towards Sheikh Rashid Street. The ...

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Growing global trust key to UAE’s economic progress

Dubai / WAM The growing local and international trust in Dubai, and the wider UAE, promises greater progress in the domestic economy, especially in the Islamic economy domain, Sultan bin Saeed Al Mansouri, Minister of Economy and Chairman of Dubai Islamic Economy Development Centre (DIEDC), at the DIEDC’s meeting. DIEDC convened its first board meeting for 2018, reviewing all the ...

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UAE pledges $100mn to support education

Abu Dhabi / WAM The United Arab Emirates has pledged AED 367 million ($100 million) to the Global Partnership for Education (GPE) for the next three years to improve education and learning outcomes of 870 million children and young people in 89 developing countries during the Global Partnership for Education Replenishment Conference held between 1-2 February in Dakar, the capital ...

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AURAK signs deal with Al Shrooq Green Energy

RAS AL KHAIMAH / WAM The American University of Ras Al Khaimah (AURAK) has signed a Memorandum of Understanding (MoU) with Al Shrooq Green Energy (ASGE), a UAE based company specialising in municipal solid waste (MSW) gasification technologies. The arrangement agrees to mutual cooperation in terms of sharing expertise, a pilot scaled Skid Mounted Gasification Unit (SMGU), and research on ...

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UAE, Austria keen to enhance bilateral ties

Vienna / WAM Chancellor of Austria Sebastian Kurz received His Highness Sheikh Abdullah bin Zayed Al Nahyan, Minister of Foreign Affairs and International Cooperation and his accompanying delegation, as part of HH’s official visit to Austria. Sheikh Abdullah conveyed the greetings of the Vice President, Prime Minister and Ruler of Dubai, His Highness Sheikh Mohammed bin Rashid Al Maktoum and ...

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FTA urges businesses to complete, submit tax returns before Feb 28

Abu Dhabi / WAM The Federal Tax Authority (FTA), has set up integrated electronic systems to allow Taxable Persons to register, file tax returns and pay their due taxes seamlessly. The system encourages voluntary compliance, said FTA Director General Khalid Ali Al Bustani, calling on all businesses registered with the Authority, whose first Tax Period ends on January 31, to ...

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PM Modi’s election budget may push India’s interest rates higher

Bloomberg India’s Narendra Modi delivered an election year budget focussed on tamping down rural discontent ahead of crucial elections, spending that could prompt the central bank to raise interest rates in the coming months. With less than a week to go before the Reserve Bank of India meets to decide on policy, Finance Minister Arun Jaitley unveiled a budget that ...

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Fosun’s biotech arm mulls Hong Kong IPO

Bloomberg Shanghai Henlius Biotech Inc., backed by Fosun Group, is planning an initial public offering that could make it one of the first to take advantage of proposed Hong Kong listing rules aimed at attracting early-stage drug developers, people familiar with the matter said. The subsidiary of Shanghai Fosun Pharmaceutical (Group) Co. is considering selling shares in Hong Kong as ...

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