Local News

ABU DHABI / WAM Khalifa University of Science and Technology on Wednesday announced that it will be hosting the second “Mubadala-Globalfoundries-SRC Forum” in Abu Dhabi to formulate a vision and to chart future plans for the Artificial Intelligence (AI) semiconductor ecosystem in the UAE. Titled “UAE AI Semiconductor Ecosystem: Looking Ahead”, the AI R&D forum scheduled for February, 20, 2020, ...

DUBAI / Emirates Business Emirates Islamic, one of the leading Islamic financial institutions in the UAE, and Etihad Guest, the award-winning loyalty programme of Etihad Airways, have teamed up to launch a new co-branded credit card, the Emirates Islamic Etihad Guest Visa card. With a comprehensive range of exclusive benefits available to cardholders, the Emirates Islamic Etihad Guest Visa card ...

DUBAI / Emirates Business Deyaar Development PJSC (Deyaar), one of Dubai’s leading property developers and real estate service providers, has announced the completion and handover of Dania District, part of its award-winning Midtown development. Dania District is the second district to be completed in Midtown’s integrated urban community, which is composed of six districts. In 2019, Afnan District was announced ...

New York / WAM The UAE has called on global parliamentary representatives to make access to education for all a priority, given its positive contributions towards social and economic prosperity of states. Partaking in the annual Inter-Parliamentary Union’s hearing, Education as a Key to Peace and Sustainable Development: Toward the Implementation of SDG 4,’ members of the UAE’s Parliamentary Division ...

DUBAI / WAM Dubai Aerospace Enterprise (DAE) reported its financial results for full year 2019 on Wednesday, announcing a total revenue of $1,421.3 million and profit of $413.6 million. The company has $2,404 million liquidity available . HH Sheikh Ahmed bin Saeed Al Maktoum, Chairman of DAE, commented, “The growth of DAE in the last few years has boosted the ...

DUBAI / WAM The Islamic Affairs and Charitable Activities Department (IACAD) in Dubai recently launched a smart donation service at the Dubai mosques, which allows users to donate money by scanning QR codes through their phones, thus replacing traditional methods and procedures of donation. This is in line with the IACAD’s commitment to Article 9 of the 50-Year-Charter, and its ...

Abu Dhabi / WAM Etisalat Group announced Tuesday its consolidated financial statements for the 12 months ending December 31 2019, reporting consolidated net profit of AED8.7 billion. According to a company press statement, the aggregate subscriber base reached 149 million, representing a year-on-year (YOY) increase of 6%. Twelve months’ consolidated revenues reached to AED52.2 billion, while consolidated net profit after ...

ABU DHABI / WAM The Abu Dhabi National Oil Company (Adnoc), announced on Tuesday it has awarded two contracts for the construction of offshore facilities for the Dalma Gas Development Project located about 190 kilometres northwest of Abu Dhabi city. The Dalma project is a key part of the Ghasha ultra-sour gas concession which is central to Adnoc’s strategic objective ...

DUBAI / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, said the Hope Probe is a testament to the capabilities of the youth of the UAE. “The project, which represents a historic achievement for the nation, also sends a message of hope to youth in the Arab ...

Sharjah / WAM The Sharjah FDI Office (Invest in Sharjah), operating under the Sharjah Investment and Development Authority, Shurooq, in collaboration with the Korea International Trade Association (KITA), organised a Sharjah-Korea Business Roundtable at the Sharjah Chamber of Commerce and Industry (SCCI), to explore greater economic ties and synergies between Sharjah and Korea. The meeting also introduced emerging prospects and ...