Local News

Dubai Startup Hub roadshow attracts 200 Indian start-ups

NEW DELHI / WAM More than 200 start-ups across New Delhi and Bengaluru expressed their interest in entering the Dubai market during a roadshow organised recently by the Dubai Startup Hub, an initiative of the Dubai Chamber of Commerce and Industry. A total of 10 shortlisted start-ups in both cities were given the opportunity to pitch their businesses to a ...

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FANR reviews Barakah N-power plant progress

Abu Dhabi / WAM The Board of Management of the UAE’s Federal Authority for Nuclear Regulation (FANR), reviewed its performance report during Q1 of the year, discussing the various planned activities to be undertaken across the year supporting its mission in regulating the nuclear sector in the UAE. The Board learned about latest updates of the FANR ongoing review of ...

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UAE, Barbados to host UNCTAD events in ’20

GENEVA / WAM The United Arab Emirates and Barbados have joined forces to co-host major United Nations Conference on Trade and Development (UNCTAD) events in 2020. Barbados will host the 15th UNCTAD quadrennial conference in Bridgetown, while the UAE will host the World Investment Forum and the first eCommerce Week for Asia in Abu Dhabi. The two countries will co-chair ...

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Etihad Rail okays two packages for Abu Dhabi-Dubai stretch

Abu Dhabi / WAM Etihad Rail, the developer and operator of the UAE national railway, has approved the award agreement for civil and track works of Packages B and C for Stage Two of the UAE national railway network connecting Abu Dhabi and Dubai, during a board meeting, chaired by HH Sheikh Theyab bin Mohamed bin Zayed Al Nahyan, Chairman ...

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Abu Dhabi unveils initiatives to boost business, tourism

ABU DHABI / WAM The Abu Dhabi Government, under the directives of HH Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, has reinforced its commitment to the private sector’s development, launching nine new initiatives. At the Abu Dhabi Government Private Sector forum attended by HH Sheikh Khalid bin ...

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Rakbank repays $800mn bond

RAS AL KHAIMAH / WAM The National Bank of Ras Al Khaimah (Rakbank) has announced the repayment of the outstanding nominal amount of $681.67 million on its Rak Funding Cayman Ltd. 5-year $800 million bond matured on June 24. Rakbank had issued $500 million bond earlier this year in April 2019 through RAK Funding Cayman Ltd. Proceeds from the issue ...

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AED40m road improvement project in Abu Dhabi complete

ABU DHABI / WAM Abu Dhabi General Services Company (Musanada), in collaboration with the Integrated Transport Centre (ITC), completed all the works of the Al Maqtara-Hamim road traffic safety improvement project extending over 140 km at a total cost of approximately AED40 million. The project works included improving and increasing the traffic safety by carrying out necessary maintenance on the ...

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Dubai’s Noor Bank rolls out ‘infinity treats’

Dubai / Emirates Business Noor Bank, one of the leading Shari’ah-compliant banks in the UAE, has enriched its customer loyalty programme with the launch of the Noor Bank Infinity Treats app as part of its wider loyalty platform. With this new feature, the bank aims to enhance user experience and deliver a more seamless and well-rounded rewards proposition. Noor Bank ...

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Cityland Mall named ‘best commercial project of 2019’

Dubai / Emirates Business Cityland Mall, the world’s first ‘nature-inspired’ shopping destination has been awarded the ‘The Best Commercial Project’ of 2019 at The Arabian Business Real Estate Awards. The recognition marks the company’s efforts to introduce a distinguished and unique project in the UAE real estate and retail landscape. The award was received by Chief Executive Officer and Board ...

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Ministry of Defence, ICRC organise joint workshop

ABU DHABI / WAM A three-day workshop jointly organised by the UAE Ministry of Defence (MOD), and the International Committee of the Red Cross (ICRC), began on Tuesday at the Armed Forces Officers Club in Abu Dhabi. The workshop entailed discussions on the Law of Armed Conflict during military operations. The MOD and the ICRC aim to promote cooperation in ...

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