News

ABU DHABI / WAM Hub71, Abu Dhabi’s tech ecosystem on Monday launched the region’s first ‘Microsoft Reactor Programme’ as it further expanded its ecosystem to 35 innovative startups with the announcement of 17 winners of the Hub71 Incentive Package. As part of its strategic partnership with Microsoft, Hub71’s Microsoft Reactor programme will be a centre for technical learning and knowledge-sharing ...

DUBAI / WAM Dubai Aerospace Enterprise (DAE), announced on Monday that it has signed a $300 million four-year unsecured term loan with China Construction Bank DIFC Branch, and China Construction Bank (Asia) Corporation Limited. The principal amount of the loan can be increased to $500 million. The loan will support the future financing needs of the business. Commenting on the ...

Abu Dhabi / WAM The UAE’s two main bourses maintained their significant gains for the second straight day, with the market cap of the trading companies hitting AED6.4 billion during the two sessions of Monday and Sunday. Driven by the banking heavyweights, Abu Dhabi Securities Exchange General Index spiked to 5,213 points, an increase of 0.76% compared to the previous ...

DUBAI / WAM Chile is now intensifying preparations for its participation at Expo 2020 Dubai, under the theme of ‘Sustainability, Diversity, Tradition, and Progress’ which embrace the four pillars of Chile and the principles it values. On its 700 square metre country pavilion, Chile will be showcasing sustainable and reliable food production; renewable energy; productive and sustainable mining; sustainable tourism; ...

SHARJAH / WAM UAE-based humanitarian charity, The Big Heart Foundation (TBHF), announced allocation of $1 million to improve healthcare services for 4,000 children and 2,600 women, annually, across four of the most deprived health zones of the Kasai Oriental province in Democratic Republic of Congo (DRC). TBHF has partnered with Save the Children, to fund their project titled, ‘Transforming the ...

Abu Dhabi / WAM Mohammed Saif Al Suwaidi, Director-General of Abu Dhabi Fund for Development (ADFD), said that the Fund is keen to expand its development activities in developing countries, especially across the African continent that holds significant potential for growth. Welcoming a visiting high-level delegation from Ethiopia, led by Muferiat Kamil, Ethiopia’s Minister of Peace, at the Fund’s headquarters ...

ABU DHABI / WAM The United Arab Emirates and the Republic of Korea officially launched year-long series of the UAE-Korea Cultural Dialogue 2020 in a special ceremony held at the Abu Dhabi National Theatre. Marking 40 years of diplomatic relations between the two nations, the inauguration was attended by Noura bint Mohammed Al Kaabi, Minister of Culture and Knowledge Development, ...

ABU DHABI / WAM The Department of Culture and Tourism – Abu Dhabi has participated in the 28th edition of the New Delhi World Book Fair in India, alongside publishers and writers from around the world, as part of a promotional campaign for the Abu Dhabi International Book Fair (ADIBF) to attract publishers and enhance links with specialists in the ...

ABU DHABI / WAM HH Lt General Sheikh Saif bin Zayed Al Nahyan, Deputy Prime Minister and Minister of the Interior, reviewed the latest preparations for the “Arab Gulf Security 2” exercise, which will start in February in the UAE. During the meeting, Sheikh Saif was briefed about the exercise by members of the High Joint Committee for the Mobilisation ...

Dubai / WAM Following directives from His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister and Ruler of Dubai, HH Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of Dubai Executive Council, has approved the new salary scheme for employees of the Government of Dubai. The new scheme, effective from ...