Local News

SHARJAH / Emirates Business Broadening its reach and delivering valuable guidance to those with young ideas in the region, Sheraa (Sharjah Entrepreneurship Center) have signed a Memorandum of Understanding (MoU) with Ajman University (AU). The purpose of the MoU is to support activities that help bridge research and education with industry. The collaboration will also help students, educators, experts and ...

SHARJAH / WAM The Big Heart Foundation (TBHF), the Sharjah-based global humanitarian charity dedicated to helping refugees and people in need worldwide, announced it will donate 160 million Egyptian pounds (around AED33 million) to develop the main building of the National Cancer Institute (NCI) in the Egyptian capital. NCI is one of the largest and most advanced oncology and medical ...

Dubai / WAM The UAE has joined the world in celebrating World Biodiversity Day, which is observed annually on May 22. This year’s celebration is being held under the theme ‘Celebrating 25 Years of Action for Biodiversity,’ to mark the 25th anniversary of the entry into the force of the Convention on Biological Diversity, ratified by the UAE in 1992 ...

ABU DHABI / WAM A delegation from the Abu Dhabi National Oil Company (Adnoc) attended, a special event at the Karnataka oil storage facility, in the Indian city of Mangalore, to celebrate the unloading of the first cargo of Adnoc crude oil sent to the Indian Strategic Petroleum Reserves Ltd (ISPRL). The cargo, which was loaded in Abu Dhabi at ...

DUBAI / WAM Artificial intelligence (AI) has the potential to boost economic growth in the United Arab Emirates by 1.6 percentage points and add $182 billion to the national economy by 2035, according to a recent report by Accenture. The report looked at 15 industries in the UAE and 13 in Saudi Arabia to determine the potential sector-specific impact of ...

ABU DHABI / WAM The net income of Abu Dhabi-based commercial and Islamic banks amounted to around AED7.9 billion during Q1 2018, up 2.8 percent over the corresponding period of 2017. According to figures released recently by the Statistics Centre — Abu Dhabi, the net income of commercial banks operating in the UAE capital, reached AED6.56 billion by the end ...

DUBAI / WAM Nasdaq Dubai, the international stock exchange in the Middle East, is preparing to launch equity futures on leading companies listed in Saudi Arabia. The futures will give investors new hedging tools to take long and short positions on the companies, at a time when international investor interest in the Saudi stock market is increasing rapidly. The Saudi ...

Dubai / Emirates Business Dubai Airport Freezone Authority (Dafza), one of the UAE’s leading free zones, has further strengthened its ties with China through a series of initiatives focused on expanding bilateral trade and investment this year. This includes a senior government delegation visit from China that was welcomed by HE Dr Mohammed Al Zarooni, Director General for Dafza. He ...

Abu Dhabi / WAM UAE Cabinet approves new long-term visa for international investors and professional talents… and 100% investors’ ownership by year end In line with UAE’s position as a primary destination for international investors and a global talents, the UAE Cabinet, chaired by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE ...

Dubai / WAM Dubai Airports will use Siemens’ data analytics and smart building technology to guarantee annual energy savings of almost 20 percent per year at Dubai Airports’ facilities, by implementing energy efficiency measures at Terminal 1, Terminal 2, Terminal 3 and Concourse B at Dubai International (DXB). Focusing on air and water systems, the seven-year project is expected to ...