News

Abu Dhabi / WAM The Khalifa Fund for Enterprise Development (KFED), is shedding light on four local projects the Bawabt Liwa Food Industries, Sugar Art Sweets, Liwa Dates Food Industries, and Gracia Farm for Agricultural Crops during its participation in the 13th edition of the Al Dhafra Festival, which aims to highlight the rich culture and heritage of the UAE ...

ABU DHABI / WAM The Department of Culture and Tourism – Abu Dhabi, DCT – Abu Dhabi, announced a dazzling array of celebrations taking place in the UAE capital this New Year’s Eve. The calendar of events ringing in 2020 includes Resolution, a two-day festival featuring a highly anticipated headline concert by global megastar Bruno Mars, performances by acclaimed Arab ...

DUBAI / WAM The Mohammed bin Rashid University of Medicine and Health Sciences (MBRU), announced the formation of a Values Council, which will drive the values agenda of the University and ensure the MBRU family – students and faculty, live and act the MBRU values daily, and work with a heart for service. The Council, a first for any institute ...

DUBAI / WAM Emirates NBD on Tuesday announced that it has been awarded the ‘Bank of the Year – UAE 2019’ award by Financial Times’ monthly publication, The Banker, in recognition of its robust financial performance and pioneering approach to innovation in digital banking. In awarding the top UAE title to Emirates NBD, The Banker stated that “the judges were ...

Dubai / WAM His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of Dubai Executive Council, launched a new phase of Dubai’s Happiness Agenda. Under the new phase, a Happiness Champion working in customer-oriented services will now be referred to as a ‘Smart City Experience Specialist’ while a Champion working in Human Resources-oriented ...

Abu Dhabi / WAM The National Programme for Small and Medium Enterprises of the Ministry of Economy, the executive arm of the UAE SME Council, announced its plan to support and stimulate the country’s SME sector and promote entrepreneurship during the year 2020, encompassing specialised training programmes and courses for entrepreneurs, establishing a link with the European Business Network, etc. ...

Dubai / WAM As part of its keenness to communicate with its global partners, and establish cooperation relations with them to promote and develop Dubai’s real estate sector, the Dubai Land Department (DLD), through its Registration and Real Estate Services sector, toured London, during which it held seven benchmark meetings with its most prominent partners across several fields. Majid Al ...

Abu Dhabi / Emirates Business Abu Dhabi Ports is on-pace to close 2019 with impressive year-to-date results and recording-breaking milestones, underlining the company’s continued contribution to the UAE’s non-oil GDP. Two of these milestones were achieved in the eleven months spanning from January to November 2019. During the period, the company handled more than 20 million tonnes of general cargo ...

Bloomberg It’s been a good year for Asia’s richest man, Mukesh Ambani. The Indian tycoon added almost $17 billion to his wealth as of December 23, the most in Asia, taking his net worth to about $61 billion, according to the Bloomberg Billionaires Index. In comparison, Alibaba Group founder Jack Ma’s net worth grew $11.3 billion, while Jeff Bezos lost ...

Bloomberg India’s slowing economy is sparking a wave of consolidation, creating opportunities for Asian lenders. It’s worked like this: Banks desperate for higher yields have turned to lending for leveraged buyouts in India. The loans have supported private equity funds executing the deals. Foreign-currency syndicated LBO loan volumes involving India have jumped to $891 million across four deals in 2019, ...