Local News

  Sharjah / WAM The Sharjah Book Authority, SBA, has announced that the United Kingdom will be the guest ‘Country of Honour’ at the 36th edition of the Sharjah International Book Fair (SIBF). The announcement forms part of ‘UK/UAE 2017,’ a year of bilateral cultural exchange between the two countries organised by the British Council. Speaking about the announcement, Ahmed ...

  Abu Dhabi / Emirates Business Masdar Institute of Science and Technology, an independent, research-driven graduate-level university focused on advanced energy, and sustainable technologies, and the Abu Dhabi Police have signed an agreement to collaborate in research and development to bring innovative systems and solutions to bear on police work in the emirate. The three-year memorandum of understanding was signed ...

  Abu Dhabi / Emirates Business Mohamed Helal Al Muhairi, Director General, Abu Dhabi Chamber, inaugurated the first edition of Smart Stores Expo 2017 at Abu Dhabi National Exhibition Centre (ADNEC). The inaugural event opened its door to several leading retail professionals across the region to showcase the future of retail empowered by technological innovations and advancements. Following the inauguration ...

  Dubai / Emirates Business HE Saeed Mohammed Al Tayer, MD & CEO of Dubai Electricity and Water Authority (DEWA) inaugurated ABB’s new 315 kilowatt (kW) solar power plant, one of the largest of its kind in the region. ABB is a leading Swiss power and automation technology group. The plant is located in the ABB offices at the Al ...

  Sharjah / Emirates Business The Sharjah Commerce and Tourism Development Authority (SCTDA) announced the 7th edition of the Sharjah Light Festival, to be held for a period of 10 days (February 2-11) in 13 different locations spanning the entire Emirate of Sharjah. The chosen locations are set to be illuminated with breath-taking light shows and musical performances that shed ...

  Dubai / Emirates Business Mashreq, the UAE’s market leader in innovation, has been conferred EFMA’s ‘Innovation of the Month’ award for its latest innovation Mashreq Bot, an Artificial Intelligence agent or chat-bot – programmed to enable an intelligent conversation with users. The UAE’s First chat-bot allows customers to review Mashreq products, perform card-less cash transactions, low ticket local transfers ...

  Dubai / Emirates Business As part of its efforts to support and promote the UAE’s Year of Giving, Dubai Chamber of Commerce and Industry has announced that it has expanded its activities under the national framework to its representative office in Baku. During a visit to the city’s Foreign Languages Gymnasium, representatives from the Chamber’s Azerbaijan office donated educational ...

  ABU DHABI / WAM The UAE Central Bank has announced that the Money Supply aggregate ‘M1’ increased by 0.3% from AED472.6 billion at the end of November 2016 to AED474 billion at the end of December 2016. In its statement, the bank added that Money Supply aggregate ‘M2’ increased by 1%, from AED1212.9 billion at the end of November ...

  Dubai / Emirates Business Emirates Real Estate Fund (EREF) agreed a $190.6 million (AED 700 million) Shari’a compliant finance facility with Emirates NBD, on attractive commercial terms. The new facility will help contribute to restructuring the balance sheet and creating a more efficient capital structure with the aim of ultimately enhancing returns to investors. EREF’s fund manager, Emirates NBD ...

  DUBAI / WAM Dubai SME, the agency of the Department of Economic Development (DED) in Dubai mandated to develop the small and medium enterprise (SME) sector, signed a Memorandum of Understanding (MoU) with Majid Al Futtaim Retail to support members of Dubai SME through the display of their products at Carrefour hypermarkets and supermarkets. Carrefour is a subsidiary of ...