Local News

Abu Dhabi / WAM The Khalifa Fund for Enterprise Development (KFED), announced that 78 of the total 94 entries submitted to the Pitch@Palace UAE will compete in the competition’s third edition to win the title of the most innovative technological project. Of the total number of competing entries, 44 participating projects will be featured at the “On Tour” event in ...

ABYAN / WAM As part of the UAE’s urgent response campaign launched during the month of September in the Yemeni governorates of Aden, Lahij and Abyan, the country has dispatched a shipment of food supplements to alleviate the suffering of Yemeni people. The Emirates Red Crescent (ERC), supervised the distribution of the aid which is part of the UAE’s series ...

Abu Dhabi / WAM A blockchain tech executive has said that the UAE government is moving forward in the energy transition sphere. “We’ve been here for two days now at the Congress, and there’s a number of different categories within the blockchain and energy space that are really quite exciting,” said Sandro Ro, CEO of the Global Blockchain Business Council ...

Abu Dhabi / WAM The Abu Dhabi Future Energy Company (Masdar), a subsidiary of the Mubadala Investment Company, and French low-carbon electricity leader (EDF), have signed an agreement to establish a 50:50 joint venture energy services company (ESCO), in order to expand into non-utility scale renewables and energy-efficiency investments in the UAE, GCC region and other emerging countries. These would ...

Dubai / WAM As part of its strategy to provide market participants with smart and efficient solutions in line with the leadership’s digital transformation vision, the Dubai Financial Market (DFM), on Wednesday launched the “myAccount” service, an electronic account that enables investors to seamlessly transfer dividend amounts to their iVESTOR Card accounts, bank accounts, as well as to pay for ...

Abu Dhabi / WAM Driving change for sustainable energy, the use of technology and the future of oil were among the key topics discussed as day two of the 24th World Energy Congress focused on the business outlook of the industry. The most critical issues continued to be addressed in Abu Dhabi as thousands of people including ministers and delegates ...

Last week’s news headlines were dominated by hawks on the European Central Bank’s (ECB) governing council pushing back against the restart of quantitative easing. It’s a sure sign that Mario Draghi, the soon-to-depart ECB president, is readying the bond-buying bazooka once again. He has little choice but to ignore the protests of Germany, France and the Netherlands. As central banks ...

ABU DHABI / WAM President of Estonia Kersti Kaljulaid, received a delegation from Abu Dhabi Digital Authority, headed by Dr Rauda Saeed Al Saadi, Director-General, during an official visit at the presidential office. The visit is in line with the authority’s commitment to keeping pace with the global technological advances in digital solutions that will enhance Abu Dhabi’s leading position ...

Dubai / WAM Dr Abdul Rahman bin Mohammad bin Nasser Al Owais, Minister of Health and Prevention, issued a Ministerial Decree No. 130 of 2019 on reduction of price of 410 similar drugs, in line with government’s directives to reduce prices of services, and based on ministry’s keenness to provide medicines at competitive prices. Accordingly, the Ministry of Health and ...

Sharjah / Emirates Business Sharjah Youth, an affiliate of Rubu’ Qarn Foundation for Creating Leaders and Innovators, organized the “Be a businessman 2” miniature diploma program, which targeted 16 of youth members at Sharjah youth and was presented by the consultant Hazza Ibrahiam Al Mansoori. The aim of this program is to raise the youth’s awareness on the importance of ...