Local News

Sharjah / WAM The UAE’s education market is set to grow from $4.4 billion in 2017 to $7.1 billion by 2023, according to a recent study by Boston Consulting Group. The rising participation of educational institutions and increasing student footfalls at the 15th International Education Show 2019 at Expo Centre Sharjah reflect a booming education sector in the country that ...

Abu Dhabi / WAM Abu Dhabi Fund for Development (ADFD), on Wednesday announced the full implementation of the Committee of Sponsoring Organisations of the Treadway Commission (COSO), Internal Control Framework in its operations. As the first government institution in the emirate of Abu Dhabi to roll out the effective system, ADFD confirmed that the framework will help enhance its monitoring and ...

KASSALA / WAM The UAE implemented four water pumping stations west of the Sudanese State of Kassala and signed contracts with the state government to drill 10 water wells, with work underway to establish additional pumping stations fed by Atbara River to address the severe drinking water crisis. The Abu Dhabi Crown Prince Court is funding the developmental projects as ...

SHARJAH / WAM Sharjah Islamic Bank (SIB), achieved good results for the full year of 2018 and declared a net profit of AED510.4 million compared to AED477.7 million reported in 2017, showing an increase of 7 percent. An 8 percent cash dividend is proposed for the shareholders. These results reflect the success of the bank’s strategy to achieve steady and ...

Dubai / WAM Adnoc Distribution, the UAE’s largest fuel and convenience retailer, on Wednesday celebrated the opening of its first three service stations in the Emirate of Dubai, located in Dubai Investment Park (DIP), Umm Eselay and Al Qusais. Adnoc Distribution operates in all seven Emirates. An opening celebration, held at the DIP station, was attended by Adnoc Distribution Acting ...

ABU DHABI / WAM The Department of Health Abu Dhabi (DoH), launched its Artificial Intelligence (AI), Lab at Arab Health 2019. The AI Lab is a first-of-its-kind initiative in region, dedicated to developing healthcare solutions through emerging technologies including AI, Blockchain, genomics, predictive analytics and Internet of Medical Things, among others. Bringing together individuals, industry experts and service providers, the ...

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 on Tuesday, Sheikh Nasser bin Sabah Al-Ahmad Al-Sabah, First Deputy Prime Minister and Minister of Defence of Kuwait. His Highness welcomed Sheikh Nasser Al-Sabah, and held discussions on the brotherly relations between the ...

ABU DHABI / WAM Abu Dhabi Commercial Bank PJSC on Tuesday reported net profit of AED4.840 billion for the fiscal year 2018, up 13% on year. The robust performance is supported by record operating income, optimal management of cost of funds and lower impairment charges, ADCB said in a press release on Tuesday. As a result of the Bank’s strong ...

DUBAI / Emirates Business Breakbulk Middle East, the GCC’s leading breakbulk and project cargo sector event, held a press conference on Tuesday in anticipation of the event’s fast approaching 4th annual edition. This year’s two-day conference and exhibition will be held under the patronage of HE Dr Abdullah Belhaif Al Nuaimi, the UAE Minister of Infrastructure Development and the Chairman ...

SHARJAH / WAM GE and Japan’s Sumitomo Corporation have reached a public-private partnership milestone by signing a 25 year Power Purchase Agreement (PPA) with the Sharjah Electricity and Water Authority (Sewa), to develop, build and operate a 1.8 gigawatt (GW), combined cycle power plant in Hamriyah. Equipped with GE’s HA technology, including the world’s largest and most efficient heavy-duty gas ...