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Arada launches AED8b forested community project in Sharjah

Sharjah / WAM Sharjah-based real estate developer Arada has announced the launch of Masaar, the developer’s third project, a mega community in the Al Juwaiza’a district of New Sharjah with a sales value of AED8 billion. The 19 million square foot upscale project will include 4,000 villas and townhouses in total, all set in eight gated districts linked by Masaar’s ...

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Abu Dhabi’s Hub71 forges tie-ups to drive tech talent

ABU DHABI / WAM Abu Dhabi’s global tech ecosystem, Hub71, has forged two new partnerships with leading academic institutions — the United Arab Emirates University’s Science and Innovation Park (UAEU SIP) and INSEAD Middle East Campus – to upskill talent in Abu Dhabi and attract new science and technological capabilities to its growing tech community. Abu Dhabi’s embrace of technology ...

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UAE leaders offer condolences on death of Saudi Prince

Abu Dhabi / WAM President His Highness Sheikh Khalifa bin Zayed Al Nahyan, has expressed his condolences to the Custodian of the Two Holy Mosques King Salman bin Abdulaziz Al Saud of Saudi Arabia, on the death of Prince Turki bin Nasser bin Abdulaziz Al Saud. In his message, President Khalifa asked Allah the Almighty to rest the deceased in ...

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Dubai council supports green aluminium initiative

DUBAI / WAM HH Sheikh Ahmed bin Saeed Al Maktoum, Chairman of the Dubai Supreme Council of Energy, has chaired the Council’s 63rd meeting held remotely. Saeed Mohammed Al Tayer, Vice Chairman of the Dubai Supreme Council of Energy, Ahmed Buti Al Muhairbi, Secretary-General of the Supreme Council of Energy, attended the meeting along with the board members. The meeting ...

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Saudi chemical giant Sabic sees vaccinations boosting income

Bloomberg Chemicals maker Saudi Basic Industries Corp (Sabic) expects sales and earnings to increase this year after it beat analysts’ estimates by making a profit in 2020. The Riyadh-based firm, controlled by Saudi Aramco, said it sees the global rollout of coronavirus vaccines leading to a 2% to 5% gain in revenue this year. Pretax income will be “moderately higher” ...

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UAE ranks first in Arab region in GII 2020

ABU DHABI / WAM The United Arab Emirates has made innovation a way of life and an administrative approach to modernising government work and strengthening sustainable economic development based on clear plans and strategies, enabling the country to be ranked first in the Arab region and 34th globally in the Global Innovation Index (GII) 2020. On February 1, “Innovation Month ...

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Abu Dhabi’s Hub71 forges new partnerships to drive tech talent

ABU DHABI / WAM Abu Dhabi’s global tech ecosystem, Hub71, has forged two new partnerships with leading academic institutions – the United Arab Emirates University’s Science and Innovation Park (UAEU SIP) and Insead Middle East Campus – to upskill talent in Abu Dhabi and attract new science and technological capabilities to its growing tech community. Abu Dhabi’s embrace of technology ...

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Covid-19: UAE reports 4,189 new recoveries

Abu Dhabi / WAM The Ministry of Health and Prevention (MoHAP) announced that it conducted 184,260 additional Covid-19 tests over the past 24 hours, using state-of-the-art medical testing equipment. In a statement on Sunday, 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 ...

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DIFC, Mastercard partner to enhance cybersecurity efforts

DUBAI / WAM Mastercard on Sunday launched its Global Cyber Forward programme in partnership with Dubai International Financial Centre (DIFC), the leading global financial centre and largest FinTech hub in the Middle East, Africa and South Asia (Measa) region. Governments, financial institutions and businesses around the world have been facing an increase in cyber threats as people and businesses become ...

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Dubai Economy issues 33,769 e-MOA, e-MOA addendums

DUBAI / WAM The Business Registration & Licensing (BRL) sector of Dubai Economy has issued 33,769 electronic Memorandum of Association (MOA) and e-MOA addendums in 2020, an increase of 16.2 percentfrom 29,067 issued in 2019. This is in line with the Federal Decree-Law No. 7 of 2018 amending articles within Federal Law No. 02 of 2015 on Commercial Companies. The ...

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