News

Abu Dhabi / Emirates Business Khalifa University of Science and Technology on Wednesday announced the licensing of its patented technology to a startup floated by an alumnus Emirati entrepreneur with a faculty member. The intellectual property (IP) technology license was granted recently, marking a significant milestone in the university’s innovation journey. The home-based monitoring device, called by the Emirati startup ...

SHARJAH / WAM The Sharjah Investors Services Centre, Saeed, has announced on Wednesday that it will be supporting all its customers through its phone service. This will include enquiries as well as applications. Submission of documents will be enabled via email, and customers will not be required to visit the centre in person. The initiative by Saeed comes in line ...

ABU DHABI / WAM Sudan will receive AED40 million ($10.8 million) in agricultural supplies, the Abu Dhabi Fund for Development (ADFD) announced on Wednesday. The move comes as part of the UAE’s support for the agricultural sector in Sudan, a statement read, adding that the development assistance includes the provision of nine million bags for packaging agricultural products and crops. ...

ABU DHABI / WAM Khalifa Industrial Zone Abu Dhabi (Kizad), a subsidiary of Abu Dhabi Ports, on Wednesday announced that it has implemented the 25 percent reduction in land lease tariff for new contracts as announced by Abu Dhabi Executive Council. The tariff reduction will help companies setting up in Kizad a competitive advantage by lowering initial investment, and subsequently ...

DUBAI / WAM The Awqaf and Minors Affairs Foundation (AMAF) has launched a remote working system for 50 percent of its employees to ensure their safety, as part of the preventative measures to protect against coronavirus pandemic, Covid-19. Ali Al Mutawa, Secretary General of AMAF, said, “The Awqaf and Minors Affairs Foundation has activated a set of smart solutions and ...

ABU DHABI / WAM The National Emergency Crisis and Disaster Management Authority (NCEMA) has denied all allegations and rumours spread via social networking sites surrounding the spraying of pesticides in UAE skies as a precautionary measure to combat Covid-19. NCEMA called on the public to obtain information and news from official sources and relevant authorities, and to avoid the sharing ...

DUBAI / WAM The Business Registration and Licencing (BRL) sector of the Dubai Economy issued 2,523 new licences since the beginning of March, among which 58 percent were professional (1,900), and 39.3 percent (590) were commercial, and together, the licences helped create 6,713 jobs. The figures recorded by the “Business Map” digital platform of Dubai Economy confirm the effective support ...

DUBAI / WAM Dubai’s Roads and Transport Authority (RTA), started the trial run of an autonomous vehicle at the site of Expo 2020 Dubai, which will be used to transport individuals on a dedicated path from the main entrance to the staff offices. This is part of the RTA’s efforts to broaden the scope of the Dubai Self-Driving Transport Strategy, ...

ABU DHABI / WAM Etihad Airways announced further changes to its route network amid coronavirus developments. In a statement, the UAE airline said, “Due to the spread of the novel coronavirus (Covid-19) and its continuing impact on air travel services globally, Etihad Airways continues to follow UAE and international government and regulatory authority directives and has implemented a series of ...

Abu Dhabi / WAM Driven by the latest incentive stimulus packages, and the recent decision to set a 5 percent decline limit, UAE stocks gained AED12.5 bn in market cap by the end of Wednesday’s session. The improved investor sentiments following the recent stimulation decisions to prop up the market saw Abu Dhabi’s General Index rising 2.29 pct to 3,399 ...