Local News

Abu Dhabi / WAM The UAE is first in the region and is ranked third globally, after China and India, for a fourth consecutive year, staying atop the Compatibility and Connectedness sub-indices in the Agility Emerging Markets Logistics Index. The country is also attributed the number one position for Quality of Infrastructure. The Compatibility sub-index is effectively a measure of ...

Abu Dhabi / WAM Sultan bin Saeed Al Mansoori, UAE Minister of Economy (MoE), and Steven Ciobo, Australia’s Minister for Trade, Tourism and Investment, met to discuss strengthening economic cooperation in sectors of mutual interest. The two ministers highlighted the latest developments regarding the implementation of recommendations and cooperative frameworks agreed on during the first session of their countries’ Joint ...

DUBAI / Emirates Business Dubai Business Women Council (DBWC) has marked the ‘Year of Zayed’ with the launch of a mentorship programme designed to honour the pioneering vision of Sheikh Zayed bin Sultan Al Nahyan, the Founding Father in the UAE, and facilitate the full participation of women across socio-economic life. As the UAE’s leading platform for the personal and ...

Abu Dhabi / WAM The Abu Dhabi University (ADU), launched three IT initiatives that will improve lecture capabilities and connectivity across its campuses in Abu Dhabi, Al Ain, and Dubai, as well as increasing communication efficiencies in different ways. The university has introduced a new concept of delivering collaborative architecture for inter-campus lectures to provide closer-to-real classroom experiences for students ...

Dubai / WAM Hussain Nasser Lootah, Director-General of Dubai Municipality, (DM) opened a photo exhibition on Monday about the late Sheikh Zayed bin Sultan Al Nahyan, the founder of the UAE, at the Municipality’s Al Kifaf Centre near Al Jafiliya Metro Station. The exhibition is part of Dubai Municipality’s plan to launch several initiatives in support of the Year of Zayed ...

Abu Dhabi / WAM Abu Dhabi Ship Building (ADSB) partnered with Rolls-Royce to lay the groundwork for the provision of enhanced naval shipbuilding, repair and refit services across the GCC. Dr Khaled Al Mazrouei, CEO of ADSB, and Leo Pantazopoulos, Rolls-Royce’s Senior Vice President, Asia & Middle East, signed a Memorandum of Understanding (MoU) that will see the companies move ...

Abu Dhabi / WAM In yet a new bid to help drive the implementation of artificial intelligence (AI) across the UAE, Oracle announced the opening of a first-of-its-kind Innovation Hub in Dubai. As the nation celebrates the centennial of the birth of late Sheikh Zayed bin Sultan Al Nahyan with the ‘Year of Zayed’ initiative, Oracle has named the new ...

DUBAI / Emirates Business Worldwide IT spending is projected to total $3.7 trillion in 2018, an increase of 4.5 percent from 2017, according to the latest forecast by Gartner, Inc. “Global IT spending growth began to turn around in 2017, with continued growth expected over the next few years. However, uncertainty looms as organizations consider the potential impacts of Brexit, ...

DUBAI / WAM Dubai Islamic Bank (DIB) has been recognised as the Fastest Growing Bank in the country at this year’s International Finance Magazine Awards. The International Finance Magazine (IFM) Awards recognises and honors individuals and organisations that make a difference and bring significant value to the international finance industry. Dr Adnan Chilwan, Group CEO of Dubai Islamic Bank, said, ...

DUBAI / WAM Dubai Investments has acquired additional 50% stake in Emirates District Cooling (Emicool) from Union Properties for AED500 million. Following this acquisition, Dubai Investments owns 100% stake in Emicool. Khalid bin Kalban, MD and CEO of Dubai Investments, said, “The transaction strengthens Dubai Investments’ portfolio in the utility service domain, growing its asset base, and is expected to ...