Local News

Sharjah / Emirates Business Keeping with their commitment to support entrepreneurs and build key networks across the region, the Sharjah Entrepreneurship Center (Sheraa) and Endeavor, a global non-profit pioneering in high-impact entrepreneurship movement, have signed a Memorandum of Understanding (MoU), to ensure alignment and closer collaboration of both parties. The MoU was signed by Najla Al-Midfa, CEO of Sheraa, and ...

Barcelona / Emirates Business Etisalat and Huawei, a leading global provider of ICT infrastructure and smart devices—on Monday announced during Mobile World Congress a strategic partnership to deploy end-to-end 5G network in UAE in 2019. This partnership is in line with Etisalat’s continuous efforts to enhance its digital experience and provide innovative solutions and services to its customers with the ...

ABU DHABI / WAM Sandooq Al Watan received a contribution of AED10 million from Emirates Investment Corporation (EMIC), in support of its efforts to drive sustainable development across all strategic sectors. The contribution will be added to Sandooq Al Watan Fund which is earmarked for projects to develop talents and capacities, and galvanise progress, and building a bright future for ...

ABU DHABI / WAM Sanad Aero Solutions, Sanad, a wholly-owned subsidiary of Mubadala Investment Company, announced the closing of a new financing facility with First Abu Dhabi Bank (FAB). FAB has led several Sanad financings since the company launched in 2010 which support various existing and new customer spare engine and component programmes including new long-term CFM56-5B and 7B spare ...

DUBAI / WAM Lieutenant General Dhahi Khalfan Tamim, Deputy Chairman of Police and General Security in Dubai and Chairman of HBMSU’s Board of Governors, on Monday officially opened the 12th edition of Innovation Arabia Conference and Exhibition. The event is being held under the patronage of HH Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and ...

Abu Dhabi / WAM The Abu Dhabi Department of Energy (DoE), the government entity in charge of ensuring excellence and sustainability in energy sector in Abu Dhabi, has received a delegation from the Saudi Arabia’s Saline Water Conversion Corporation (SWCC), to enhance cooperation and outline joint efforts towards a more sustainable future for the wider region. During the visit, DoE ...

ABU DHABI / WAM The Abu Dhabi National Oil Company (Adnoc) announced that it has entered into a landmark multi-billion-dollar midstream pipeline infrastructure partnership with KKR and BlackRock, two of the world’s leading institutional investors. To mark the occasion, a signing ceremony was held at Adnoc Headquarters with Dr Sultan bin Ahmad Sultan Al Jaber, Minister of State and Adnoc ...

Dubai / WAM As part of its efforts to strengthen its leading position amongst most innovative and smart exchanges in the region and beyond, Dubai Financial Market (DFM) organises series of brainstorming sessions during the ‘UAE Innovation Month 2019’. The sessions aim to promote a culture of innovation amongst DFM employees and various market participants including listed companies and brokerage ...

Abu Dhabi / WAM His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, received at the Beach Palace on Sunday, heads of two global investment firms, Larry Fink, Chairman and Chief Executive Officer of BlackRock, and Henry Kravis, Co-Chairman and Co-Chief Executive Officer of KKR. His Highness ...

SHARM EL SHEIKH / WAM In a step towards supporting the UAE’s digital transformation, Emirates Integrated Telecommunications Company (EITC), on Sunday announced advanced level of preparation to roll-out 5G services in the UAE in 2019. Prominent landmarks across the UAE in all seven Emirates are currently being installed with high-technology 5G equipment and will be the first areas to have commercial ...