Local News

  Sharjah / Emirates Business The Sharjah Commerce and Tourism Development Authority (SCTDA) announced the 7th edition of the Sharjah Light Festival, to be held for a period of 10 days (February 2-11) in 13 different locations spanning the entire Emirate of Sharjah. The chosen locations are set to be illuminated with breath-taking light shows and musical performances that shed …

  Dubai / Emirates Business Mashreq, the UAE’s market leader in innovation, has been conferred EFMA’s ‘Innovation of the Month’ award for its latest innovation Mashreq Bot, an Artificial Intelligence agent or chat-bot – programmed to enable an intelligent conversation with users. The UAE’s First chat-bot allows customers to review Mashreq products, perform card-less cash transactions, low ticket local transfers …

  Dubai / Emirates Business As part of its efforts to support and promote the UAE’s Year of Giving, Dubai Chamber of Commerce and Industry has announced that it has expanded its activities under the national framework to its representative office in Baku. During a visit to the city’s Foreign Languages Gymnasium, representatives from the Chamber’s Azerbaijan office donated educational …

  ABU DHABI / WAM The UAE Central Bank has announced that the Money Supply aggregate ‘M1’ increased by 0.3% from AED472.6 billion at the end of November 2016 to AED474 billion at the end of December 2016. In its statement, the bank added that Money Supply aggregate ‘M2’ increased by 1%, from AED1212.9 billion at the end of November …

  Dubai / Emirates Business Emirates Real Estate Fund (EREF) agreed a $190.6 million (AED 700 million) Shari’a compliant finance facility with Emirates NBD, on attractive commercial terms. The new facility will help contribute to restructuring the balance sheet and creating a more efficient capital structure with the aim of ultimately enhancing returns to investors. EREF’s fund manager, Emirates NBD …

  DUBAI / WAM Dubai SME, the agency of the Department of Economic Development (DED) in Dubai mandated to develop the small and medium enterprise (SME) sector, signed a Memorandum of Understanding (MoU) with Majid Al Futtaim Retail to support members of Dubai SME through the display of their products at Carrefour hypermarkets and supermarkets. Carrefour is a subsidiary of …

  ABU DHABI / WAM The UAE’s Federal Authority for Nuclear Regulation (FANR) issued two licences: the first to transport ‘fresh’ nuclear fuel (i.e. fuel that is unirradiated), and the second to handle and store such fuel at Unit 1 of the Barakah Nuclear Power Plant. The receipt of nuclear fuel will be a first for the UAE, and FANR …

  Sharjah / WAM Proper education is a shield against destructive ideas and misguided groups, His Highness Dr Sheikh Sultan bin Mohammed Al Qasimi, Supreme Council Member and Ruler of Sharjah, said. A solid family background contributes effectively to the nation-building, he added. The Sharjah Ruler expressed his views during a television talk show hosted on Sunday noon by Sharjah Satellite …

  Dubai / WAM Intersec 2017, the world’s largest trade fair for security, safety, and fire protection, got underway at the Dubai International Convention and Exhibition Centre on Sunday featuring 1,304 exhibitors from 58 countries. The 19th edition of the annual showcase was flagged off by H.H. Sheikh Mansour bin Mohammed bin Rashid Al Maktoum, who was accompanied by senior government …

  Dubai / WAM Dubai Electricity and Water Authority (DEWA) organised the DEWA CSR Creativity Lab for its staff and its partners from the public and private sectors. The creativity lab is part of DEWA’s efforts to support the Year of Giving initiative, which was launched by His Highness Sheikh Khalifa bin Zayed Al Nahyan, President of the UAE, and to …