News

  Abu Dhabi / WAM HH Sheikha Fatima bint Mubarak, Chairwoman of the General Women’s Union (GWU), Chairwoman of the Supreme Council for Motherhood and Childhood, Supreme Chairwoman of the Family Development Foundation (FDF), has stressed that women are the cornerstone of the country’s process of building and empowerment, and are the icons of its national achievements. In her exclusive ...

  Abu Dhabi / Gulf Time Emirates Development Bank (EDB), the key financial engine of the UAE’s economic diversification and industrial transformation agenda, has announced a new lending feature that allows SMEs and startups to apply for loans of up to AED5 million directly through its digital banking app and receive approval or feedback within five days. The service, in ...

  Abu Dhabi / WAM The Ministry of Defence – represented by the Joint Operations Command – has begun operating an air bridge to transport humanitarian aid provided by the UAE to Pakistan. The relief aid includes shelter materials, humanitarian needs, food and medical parcels for those affected by torrential rains and floods, with the aim of contributing to supporting ...

  Dubai / WAM Abdul Rahman bin Mohammad bin Nasser Al Owais, Minister of Health and Prevention and Minister of State for Federal National Council Affairs, has emphasised that Emirati women have exceptionally proved themselves in all fields and made remarkable milestones that turned them into true role models both locally and internationally. “Their achievements would not have been possible ...

  Dubai / WAM Expo City Dubai is gearing up to open on October 1, building on Expo 2020 Dubai’s pledge to inspire future generations. Ahead of the official opening of the Expo City Dubai site in October, visitors are invited to experience two of its most popular pavilions from September 1, with the re-opening of Alif – The Mobility ...

  Bloomberg The global economy risks sustained weakness without a change in how it’s run, according to Agustin Carstens, who heads the Bank for International Settlements (BIS). The pandemic and war in Ukraine have proved a “rude awakening” for central banks, which had assumed for too long that supply adjusts automatically and smoothly to shifts in demand, Carstens told the ...

  Abu Dhabi / WAM The UAE condemned the violence in Libya and called on all parties to immediately halt military operations, preserve the safety of civilians, government headquarters, and property, and exercise the utmost restraint to end the current crisis. The UAE urged parties to set aside division, restore calm and serious dialogue, and prioritize the national interest to ...

  Beijing / WAM China’s software industry reported a 10.3 percent increase in business revenues in the first seven months of the year, Chinese news agency, Xinhua, reported. Revenues totalled 5.46 trillion yuan (about $796.66 billion) from January to July, data from China’s Ministry of Industry and Information Technology showed. Companies in the sector raked in 569.8 billion yuan in ...

Bloomberg More countries are likely to seek debt relief as a stronger dollar makes repayments tougher, and the program that rich nations have to help poorer ones needs to be faster and broader, the International Monetary Fund’s (IMF) deputy chief said. About 60% of low-income countries are at high risk of or already in debt distress, and about 20 emerging markets ...

  Sharjah / WAM Sharjah Foundation to Support Pioneering Entrepreneurs (Ruwad) of the Sharjah Economic Development Department (Sedd), announced that it has registered 214 new projects in the foundation in 2021. Sharjah acquired 67 percent of the new projects, while the rest of the projects were distributed by 21 percent in the eastern region, and 12 percent for the central ...