Local News

Dubai / WAM Despite the decline in greenfield foreign direct investment (FDI) globally at the beginning of 2020 due to the challenges posed by the Covid-19 pandemic, Dubai has maintained its leading position among the top three global FDI destinations during the first five months of the year, according to Financial Times fDi Markets data. “Dubai ranked second globally in ...

ABU DHABI / WAM The UAE on Thursday sent an aid plane carrying 10.5 metric tons of medical supplies to Iraq to bolster the country’s efforts to curb the spread of Covid-19. This aid will assist approximately 10,500 medical professionals as they work to contain the virus. Commenting on the aid delivery, Mohamad Saleh Altenaiji, Charge d’affaires of the UAE ...

RAS AL KHAIMAH / WAM American University of Ras Al Khaimah (Aurak) is planning to introduce four new academic programmes. These comprise a Bachelor of Science in Artificial Intelligence and Data Science, a Bachelor of Arts in Interior Design, a Master of Science in Infrastructure Engineering, and a Master of Science in Sustainable and Renewable Energy. “We’re bringing out new ...

DUBAI / WAM Dubai’s Roads and Transport Authority (RTA) has launched smart platforms for public bus drivers as part of an effort to automate drivers’ services, maximise their happiness, and encourage them to deliver better services to customers. “These platforms are smart devices programmed in several languages and directly linked to the Customer Relations Management system. Through these platforms, which ...

ABU DHABI / WAM In cooperation with the Abu Dhabi Investment Office (ADIO), the Abu Dhabi Agriculture and Food Safety Authority (Adafsa) developed a pipeline of investment projects worth AED1 billion for the private sector to enhance the food security and agricultural sustainability system in the emirate of Abu Dhabi. As part of these projects, Adafsa has awarded five investment ...

Dubai / WAM The Dubai Financial Services Authority (DFSA) on Thursday published a thematic review report on cyber risks which highlights several important opportunities for operational risk management practices of firms operating in Dubai International Financial Centre (DIFC). Launched in July 2019 to identify overall maturity level of cybersecurity programmes of firms authorised by the DFSA, the Cyber Thematic Review ...

Dubai / Emirates Business Emirates introduced additional cargo capacity by using Boeing 777-300ER aircraft with seats removed from the Economy Class cabin. The measure has been introduced in response to the strong air cargo market demand for the rapid, reliable and efficient transportation of essential commodities such as Personal Protective Equipment (PPE), pharmaceuticals, medical equipment, food, machinery and other supplies ...

DUBAI / WAM Nasdaq Dubai on Wednesday welcomed the listing of a $500 million sukuk by Sharjah Islamic Bank (SIB). The capital raised will support SIB’s activities and strategic development to cater to its customers in corporate, investment and retail banking. In a statement on Wednesday, Nasdaq Dubai said that the five-year sukuk was subscribed 7.2 times by regional and ...

Abu Dhabi / WAM Hub71 has collaborated with two leading banks, Mashreq Bank and First Abu Dhabi Bank, to help identify and solve the pain points faced by startups. This follows the launch of Hub71’s whitepaper which explored the challenges that startups face when opening a UAE bank account. The whitepaper, titled: Rethinking Banking for Startups aims to foster collaboration ...

Abu Dhabi / WAM Thuraya, the mobile satellite services subsidiary of the UAE’s Al Yah Satellite Communications Company (Yahsat) has announced the signing of a partnership agreement with Telespazio, a joint venture between Leonardo (67 percent) and Thales (33 percent), to distribute its products and services worldwide. Telespazio customers in critical sectors such as government, maritime, energy and relief can ...