News

Bloomberg India’s government is seeking a valuation of between 8 trillion rupees ($109 billion) to 10 trillion rupees for Life Insurance Corporation (LIC), in what’s slated to be the nation’s biggest initial public offering (IPO). The possible valuation is based on preliminary talks and may change after detailed discussions, due diligence and an official valuation report. The government is considering ...

Dubai / WAM National Bonds in conjunction with Dubai Quality Group have united to boost the savings culture in the United Arab Emirates by launching the first savings club of the nation; ‘The Global Savings Club’. The collaboration between National Bonds and Dubai Quality Group will enable members of the public and private sectors to pursue their dreams, fulfill their ...

Dubai / Emirates Business Emirates has announced it has resumed scheduled passenger services to Manila, Clark and Cebu. With the lifting of the ban on travellers from the UAE by the Philippines authorities, which took effect on September 6, the airline has resumed seven weekly services to and from Manila, while five weekly flights to Clark and twice weekly flights ...

DUBAI / WAM The Informatics and Smart Health Department at the Dubai Health Authority (DHA) has launched the first Artificial Intelligence Policy for healthcare in Dubai. The policy is in line with the vision of the UAE Strategy for Artificial Intelligence that intends to achieve the UAE Centennial 2071 objectives, boost government performance, and invest in AI adoption. The AI ...

Abu Dhabi / WAM The Ministry of Health and Prevention (MoHAP) announced that it conducted 311,171 additional Covid-19 tests over the past 24 hours, using state-of-the-art medical testing equipment. In a statement, the ministry stressed its aim to continue expanding the scope of testing nationwide to facilitate the early detection of coronavirus cases and carry out the necessary treatment. As ...

Paris / WAM His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, discussed, with Emmanuel Macron, President of France, the friendship and strategic partnership between the UAE and France, as well as promising opportunities for developing them, in addition to several issues of mutual concern. The discussion ...

Abu Dhabi / WAM Abu Dhabi Fund for Development (ADFD) has signed a Memorandum of Understanding with the Government of Mauritania to finance a major refurbishment and modernisation project valued at around AED24 million ($6.5 million) for the Tanit Fishing Port. This is an artisanal fishing port that through this renovation and development of an ice factory will better enable ...

Dubai / WAM Dubai Electricity and Water Authority (Dewa) has completed the construction of its pavilion in the Sustainability District of Expo 2020 Dubai, which aligns with development and innovation, as reflected in the exterior of its design, and features decorative ribbed façade that mimic onward moving portals consistent with the company’s progressive initiatives. Saeed Mohammed Al Tayer, MD & ...

Dubai / WAM Dubai is attracting innovative and pioneering initiatives from chambers of commerce from around the world as it prepares to host the World Chambers Competition 2021, taking place during the 12th World Chambers Congress (12WCC) on November 23-25. The competition recognises and celebrates the achievements of these chambers, while bringing their stories to a wider audience. ICC and ...

DUBAI / WAM Two humanitarian aid flights ordered by Vice President and Prime Minister of the UAE and Ruler of Dubai HH Sheikh Mohammed bin Rashid Al Maktoum to transport much needed aid to Sudan and Ethiopia have reached Khartoum and Addis Ababa. Under the directives of HH Sheikh Mohammed bin Rashid, the International Humanitarian City in Dubai (IHC) facilitated ...