Local News

Dubai / WAM Nasdaq Dubai welcomed the listing of a $2 billion sukuk by the Islamic Development Bank (IsDB), a multilateral lender which finances development across its 57 member countries. The five-year sukuk is the largest by value to be listed on the exchange by IsDB, Nasdaq Dubai said in a press statement on Sunday. The bank said it was ...

Dubai / WAM The Dubai International Financial Centre (DIFC), and Mashreq on Sunday announced the region’s first blockchain data sharing platform, now in production, to support licenced businesses and corporations instantly opening digital bank accounts. Continuing the association formed in July 2019 between DIFC and Mashreq, an initiative, Know Your Customer (KYC), along with the DIFC incubated FinTech firm, norbloc, ...

Sharjah / Emirates Business Exploring the many exciting facets of the field of physics, over 500 high school students and their science teachers from 21 schools around the United Arab Emirates took part in FUNtastic FZX 2020, held at American University of Sharjah (AUS) on February 27. The popular physics fair aims to connect students with the university and share ...

DUBAI / WAM More than 1,500 people took part in a walk in Dubai to raise awareness of rare diseases and their impact on patients and their families, on the occasion of Rare Disease Day, observed on last day of February each year. The event – held under the patronage of Sheikh Nahyan bin Mubarak Al Nahyan, Minister of Tolerance ...

ABU DHABI / WAM According to statistics from the National Economic Register of the Ministry of Economy, the number of economic licences issued in the UAE grew to 678,573 in February 2020, compared to 676,256 in January. This increase highlights the ongoing economic growth around the country. The Central Bank of the UAE noted that the country’s macroeconomic growth rate ...

DUBAI / WAM The Japanese Consul-General in Dubai, Dr. Akima Umezawa, has visited the Dubai Electricity and Water Authority (Dewa) headquarters to explore potential collaboration opportunities. During the visit, Dr. Umezawa met with Saeed Mohammed Al Tayer, Dewa Managing Director and CEO, who highlighted the importance of enhancing strategic collaboration between Dewa and Japanese companies in water, renewable and clean ...

DUBAI / WAM Dubai Silicon Oasis Authority (DSOA) on Sunday signed a strategic agreement with Dubai Chamber of Commerce and Industry to support start-ups and entrepreneurs in Dubai. The agreement was signed between Dubai Technology Entrepreneur Campus, Dtec, the largest tech hub and coworking space in the Mena region, wholly owned by DSOA, and Dubai Startup Hub, an initiative of ...

FUJAIRAH / WAM The Port of Fujairah, one of the world’s key oil storage centres and the second largest ship refuelling centre in the world, is considering several options to invest some AED750 million over the next two years to upgrade its oil handing infrastructure. This announcement was made by Khalil Ibrahim, Chief Financial Officer of the Port of Fujairah, ...

ABU DHABI / WAM An AED254.4-million infrastructure project has been completed in the Al Shawamekh area, Abu Dhabi. Musanada, the Abu Dhabi General Services Company delivered sectors 7 & 12 of the roads and infrastructure project in the area, which included constructing internal roads and building infrastructure for residential plots spanning 2.2 million square metres. In a statement on Sunday, ...

Sharjah / Emirates Business Sheikh Sultan bin Ahmed Al Qasimi, Chairman of the Sharjah Media Council (SMC), has said that Sharjah organises the International Government Communication Forum (IGCF) to underscore the benefits of well-strategised, clear and effective interactions between governments, public and media. He noted that in the past nine years since the forum’s inception, IGCF has contributed to the ...