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Dubai Chamber, TikTok join forces to help businesses

Dubai / WAM Dubai Chamber of Commerce and Industry announced that it has signed a memorandum of understanding (MoU) with TikTok to create and launch the Dubai Chamber – TikTok Academy, a four-week educational programme that will help 1,000 startups and SMEs validate and grow their businesses using the content creation platform. Under the terms of the two-year agreement, participants ...

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UAE reports 1,769 new recoveries from Covid-19

ABU DHABI / WAM The Ministry of Health and Prevention (MoHAP) announced that it conducted 156,940 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 ...

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Yas Island to have 3-day fireworks extravaganza

ABU DHABI / WAM Yas Island, Abu Dhabi’s premier leisure and entertainment hub, in partnership with the Department of Culture and Tourism – Abu Dhabi (DCT Abu Dhabi), will mark the occasion of Eid al-Fitr with a series of spectacular fireworks displays. Taking place over three nights from the first day of Eid, Yas Island will livestream the vibrant fireworks, ...

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Fujairah’s population up to 292,358 in 2020

FUJAIRAH / WAM The population of the Emirate of Fujairah stood at 292,358 last year, according to estimates by the Fujairah Statistics Centre. According to the centre’s statistical yearbook for 2020, the number of births reached 3279, marriages 859, divorces 159, and 309 died. The statistics indicated that the total of number of public and private schools stood at 68 ...

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ADIB net profit surges 125% to reach AED608 million in Q1

Abu Dhabi / WAM Abu Dhabi Islamic Bank (ADIB) said its net profit for Q1 of 2021 surged by 125 percent to AED608 million compared to AED 270 million in Q1 of 2020, and up 26 percent against Q4 of 2020. The growth in net profits reflects the strong underlying performance across the business, the bank said in a statement. ...

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UAE sends 52 metric tons of food supplies to Niger

NIAMEY / WAM The United Arab Emirates on Monday sent a plane carrying 52 metric tons of food supplies to the Republic of Niger as part of its initiatives during the Holy Month of Ramadan. Amer Al Menhali, Charge d’Affaires of the UAE Embassy in Chad, said, “The UAE considers cooperation with the international community to be crucial, especially in ...

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Abu Dhabi unveils Arab world’s 1st electromagnetic compatibility labs

ABU DHABI / WAM Technology Innovation Institute (TII) on Monday announced that its Directed Energy Research Centre (DERC) has unveiled its Electromagnetic Compatibility (EMC) laboratories in Abu Dhabi, housed in a first of its kind facility in the Arab world. The facility is composed of three laboratories — an EMC semi-anechoic chamber, a pulsed power laboratory, and a low-noise emanation ...

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Global Village breaks 25th Guinness World Record title

Dubai / WAM Global Village, the UAE and wider region’s leading multicultural family destination for culture, shopping, and entertainment, concluded its Silver Jubilee Season in spectacular fashion, etching its name in the history books to the delight of all in attendance. Having set out in October with the aim of breaking 25 Guinness World Records to honour the milestone anniversary, ...

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Macron to fine-tune stimulus 6 months before French polls

Bloomberg French President Emmanuel Macron will reassess the country’s recovery plan in September, possibly adding to the 100 billion euros ($120 billion) of stimulus his government is already injecting into the economy. Such a boost would arrive just six months before presidential elections, where management of the health crisis and the growth rebound are set to be key battlegrounds. Before ...

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Verizon sells 90% of media division to Apollo for $5 billion

Bloomberg Verizon Communications Inc said it’s selling its media division to Apollo Global Management Inc. for $5 billion, a move that will jettison once-dominant online brands like AOL and Yahoo. The unit will be known as Yahoo after the close of the transaction, which is expected in the second half of this year, Verizon said in a statement Monday. Guru ...

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