Local News

Dubai / WAM Nasdaq Dubai, the region’s international financial exchange, announced it has welcomed the listing on Tuesday of a $1 billion Sukuk by Dubai Islamic Bank (DIB) the largest Islamic bank in the UAE. In a statement, Nasdaq Dubai added that the Sukuk was nearly 4.5 times subscribed with a profit rate of 2.95 percent per annum, with nearly ...

AL AIN / WAM Strata Manufacturing, the advanced composite aero structures manufacturing company wholly-owned by Mubadala Investment Company, has announced the completion of works on the Strata Solvay Advanced Materials (SSAM) high-tech facility in Al Ain, a joint venture with Solvay, Belgium’s materials and chemicals company. The completion of the SSAM facility heralds the beginning of Strata’s diversification journey, with ...

DUBAI / WAM Emirates Post has re-started operations to India for all services including Economy Mail, Standard Mail, Registered Mail, Standard Packets, Standard Parcels and Express Parcels, after a period of limited operations in the wake of restrictions imposed on the travel and transport. The reopened channel provides UAE’s large Indian expat population a way to send shipments, including household ...

DUBAI / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, has launched the New Media Academy to prepare a future workforce capable of leading the rapidly growing field of digital marketing. Also present were HH Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, Deputy Ruler of Dubai, ...

ABU DHABI / WAM The National Creative Relief Fund launched by the Ministry of Culture and Knowledge Development in May 2020 has announced financial grants to 87 creative individuals and Small and Medium Enterprises (SMEs) operating in the cultural and creative industries. The grants ranging between AED15,000 and AED50,000 are distributed among 50 individuals and 37 companies to help them ...

Dubai / WAM Dubai’s Roads and Transport Authority (RTA) announced that the use of Artificial Intelligence (AI) technologies, such as computer vision and machine learning algorithms, proved very effective in detecting and reporting violations of the coronavirus (Covid-19) preventive measures. Such monitoring covers physical distancing and wearing of face masks onboard taxis, whether for passengers or drivers. “AI technologies have ...

DUBAI / WAM Etihad Credit Insurance (ECI) announced the signing of a Memorandum of Understanding (MoU) with Bpifrance Assurance Export, the French Export Credit Agency, to explore, strengthen, and enhance the trade and economic cooperation between France and the UAE. The MoU was signed by Massimo Falcioni, CEO at ECI and Francois Lefebvre, General Manager of Bpifrance Assurance Export. The ...

ABU DHABI / WAM During the first half of 2020, the UAE continued supporting housing projects for citizens with the same momentum, despite the challenges imposed by the coronavirus (Covid-19) outbreak. The UAE adopted a comprehensive national strategy for developing the housing sector, to serve citizens and maintain stability and prosperity. The Follow-Up Committee of the Initiatives of the UAE ...

ABU DHABI / WAM The Abu Dhabi Health Services Company (Seha), obtained 402 blood plasma units from donors who recovered from the novel coronavirus (Covid-19) which were used to treat 247 infected patients until the end of May 2020. The number of blood samples drawn from donors in Abu Dhabi reached 18,811 from two of Seha’s blood banks in the ...

DUBAI / WAM The Dubai Diamond Exchange (DDE) is open for business and ready to host regular activities, including tenders, in line with the easing of restrictions across the emirate, it was announced. In a statement, DDE said the facility where it is located, DMCC (the world’s flagship Free Zone and Government of Dubai Authority on commodities trade and enterprise), ...