Local News

UAE delegation marks successful participation at WSEC 2017

Dubai / WAMM A UAE delegation, led by Dr. Thani bin Ahmed Al-Zeyoudi, Minister of Climate Change and Environment, marked a successful attendance at the World Scientific and Engineering Congress (WSEC 2017), convened at Astana EXPO 2017 Congress Centre in Kazakhstan from June 19-20, 2017. The conference held under the theme “Energy of the Future: innovative scenarios and methods of ...

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Du announces new Teleport Facility

Dubai / WAM Du has announced its new satellite Teleport Facility, located in the Al Qudra area of Dubai, away from planned commercial and residential real-estate developments. The new upgraded facility covers an area of 75,000 sq. meters and has been built to enable the expanding requirements of du broadcast customers, to deliver a superior service with a focus on ...

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‘UAE Youth’ to empower Emiratis to lead future

DUBAI / WAM The UAE Government Leaders Programme (UAEGLP) launched a new category ‘UAE Youth’ Programme, in collaboration with the Emirates Youth Council, to empower and prepare competent young nationals to lead the country’s future across all strategic sectors. The new category is the fourth to be added to the wider UAE Government Leaders Programme, which also includes the Strategic ...

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ADGM-TechPreneur Africa deal to support fintech growth in MEA

Abu Dhabi / WAM TechPreneur Africa, a social impact firm which focusses on harnessing innovation and entrepreneurship to achieve real economic impact across Africa, has signed a Memorandum of Understanding (MoU) with the Abu Dhabi Global Market (ADGM), an international financial centre in Abu Dhabi, to foster and support the growth and activities of FinTech in the Middle East and ...

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155.5 billion securities traded in UAE stock markets in 2016

Abu Dhabi / WAM With a total traded volume of 155.5bn securities, the UAE capital markets topped list of GCC most liquid markets in 2016, with Saudi Stock Exchange coming second with a total of 67.7bn securities. The UAE financial markets came second only to Saudi Arabia in terms of market value, which amounted in 2016 to AED817bn, US$222bn, with ...

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SEDD launches initiative to develop industrial sector

SHARJAH / WAM Sharjah Economic Development Department (SEDD) has launched a consultancy service to develop the industrial sector and streamline its procedures in the emirate. The service has been developed due to the fact that Sharjah has an excellent investment environment, especially in the industrial sector, in addition to its strategic location and its ownership of a large number of ...

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Jawaher Al Qasimi urges world leaders to ramp up peace efforts

SHARJAH / WAM H.H. Sheikha Jawaher bint Mohammed Al Qasimi, wife of H.H. the Ruler of Sharjah, UNHCR Eminent Advocate for Refugee Children and Chairperson of the Big Heart Foundation (TBHF), has strongly urged world leaders to escalate all relief efforts to control the unprecedented global refugee crisis, restoring peace and stability in countries and regions affected by war and ...

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Emaar draws record AED88mn worth of transactions on Monday

Abu Dhabi / WAM In yet a new bullish sign of its ability to break new highs over the coming few days and to further stir the market appetite, Emaar broke the AED8.00 mark for the second time in two weeks, drawing transactions worth AED88 million on Monday. Analysts attributed the upbeat sentiments that prevailed today to Emaar’s outperformance, specially ...

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SEWA approves 8,325 schematics, project designs

SHARJAH / WAM The Sharjah Electricity and Water Authority (SEWA), has announced that 8,325 schematics and project designs have been approved from the beginning of this year until mid-June 2017 through the Smart Plan service launched by the Common Services Management at the Authority. The approved plans include 4,565 smart plans for electricity projects, 1,691 smart plans for water, and ...

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AED109mn upgrade works to Sheikh Zayed Tunnel and Street approved

Abu Dhabi / WAM Abu Dhabi City Municipality announced details of improvement works to be carried out on the Sheikh Zayed Tunnel and Street in Abu Dhabi, at a cost of AED109 million. The project will see the upgrade of new entry and exit points for the tunnel and significant improvements to junctions with other streets, as part of efforts ...

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