Local News

DUBAI / Emirates Business Dubai International Financial Centre (DIFC), the leading international financial hub in the Middle East, Africa and South Asia (MEASA) region, has signed a memorandum of understanding (MoU) with professional services company Accenture to foster innovation in the financial services industry globally. Under the MoU, FinTech Hive at DIFC — the first financial technology accelerator in the ...

TALLINN / WAM Sultan bin Saeed Al Mansouri, Minister of Economy, met Juri Ratas, Prime Minister of Estonia, on Saturday and discussed ways to enhance bilateral cooperation. He also met Kadri Simson, Estonian Minister of Economic Affairs and Infrastructure. Al Mansouri is currently heading a high-level UAE business delegation on a visit to Estonia. During his meeting with the Estonian ...

AJMAN / WAM The Department of Economic Development — Ajman (DED-Ajman) signed a Memorandum of Understanding (MoU) with 2GIS, a technology solutions company, as part of its efforts to achieve integration between public and private sectors. The move is aimed at enhancing Ajman’s position on the world economic map through facilitating procedures and services for investors and providing them with ...

Abu Dhabi / Emirates Business The Khalifa Fund for Enterprise Development (KFED) has joined a workshop on the implementation of Abu Dhabi National Oil Company’s (Adnoc) new in-country value (ICV) strategy that was launched to help stimulate socio-economic value, promote locally-made content and products, and nurture government and private partnerships in the UAE. The participation was in keeping with Fund’s ...

Dubai / Emirates Business The Gulf region’s highest quality projects were announced at the 2018 MEED Projects Awards, in association with Mashreq. The UAE won eight trophies, dominating the only annual awards programme recognising the region’s completed projects. Oman had five winning projects, followed by Kuwait with four and Saudi Arabia with two. The winning projects from the UAE are ...

Dubai / WAM In his capacity as Ruler of Dubai, the Vice President and Prime Minister of the UAE, His Highness Sheikh Mohammed bin Rashid Al Maktoum, issued Law No. (8) of 2018 on the Dubai Health Authority (DHA). The new Law further enables DHA to achieve its objectives including regulating medical services in Dubai, enhancing competiveness and transparency, improving ...

DUBAI / WAM Dubai Electricity and Water Authority (DEWA) has participated in selecting 15 start-ups in the energy sector out of 515 companies from 65 countries that applied for the 2nd Free Electrons Programme. This is a global energy accelerator programme that includes 9 of the most prominent energy companies in the world. It helps start-ups to develop innovative energy ...

DUBAI / Emirates Business Etisalat on Saturday announced a week-long ‘SMB Festival’ from May 6-13, the first of its kind initiative dedicated for Small and Medium Businesses (SMBs) in the UAE, offering them special data offers for new and existing mobile post-paid customers in addition to exclusive offers from business partners at the ‘Hello Business Hub’ located in One JTL, ...

DUBAI / Emirates Business Gulf Capital, one of the largest and most active alternative asset managers in the Middle East, was awarded as the ‘Best Private Debt Provider’ in the region at the Banker Middle East Awards. The awards, which were handed over to the winners in Dubai, recognised the best performers in a range of categories in the banking ...

Abu Dhabi / Emirates Business Tabarak Investment – the Abu Dhabi-based, Emirati-led private equity firm, won the UAE’s Private Equity Firm of the Year award at the Bankers Middle East Industry Awards. The recognition reflects the firm’s successful track record of transforming underperforming companies into meaningful contributors to the UAE’s economy. “Tabarak was established in 2011 by a group of ...