News

RIYADH / WAM A UAE delegation led by Younis Haji Al Khoori, Under-Secretary of the Ministry of Finance has participated in the G20 Finance Ministers’ and Central Bank Governors’ meeting in Riyadh, Saudi Arabia. This is the second meeting held in Riyadh after the G20 ‘Sherpa’ meeting, part of the 124 G20 meetings to take place during the Kingdom’s presidency ...

Bloomberg Saudi Arabia’s main equity index advanced the most in more than a year after the pricing of Saudi Aramco’s initial public offering and amid hopes of higher oil prices. The Tadawul All Share Index rose 2.4%, the most for a session since October 2018. The kingdom raised $25.6 billion from the world’s biggest IPO after selling shares at 32 ...

SHARJAH / WAM Air Arabia won another recognition, winning ‘Best Low-Cost Airline’ in Middle East and Africa at AirlineRatings.com Airline Excellence Awards. Judged by seven editors with vast industry experience and evaluate against 12 criterial including fleet age, passenger reviews, profitability, investment rating, product offerings and staff relations, the honour further underlines Air Arabia’s credentials as the first choice for ...

Abu Dhabi / WAM The UAE Cabinet, chaired by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, has affirmed that the Year of Tolerance, with all its initiatives and activities, would be pursued since it is an intrinsic part of Emirati heritage established by the Founding Fathers of the ...

Sharjah / WAM Inclusive and equitable economic growth can only be possible with the economic empowerment of women, HH Sheikha Jawaher bint Mohammed Al Qasimi, Chairperson of the Nama Women Advancement Establishment and wife of HH the Ruler of Sharjah, stated, ahead of the upcoming Women’s Economic Empowerment Global Summit (WEEGS 2019), in Sharjah. Ensuring the full participation of women ...

Abu Dhabi / AM His Highness Sheikh Hamdan bin Zayed Al Nahyan, Ruler’s Representative in Al Dhafra Region and Chairman of the Emirates Red Crescent (ERC), said that the ERC has carried out a winter aid campaign valued at AED15 million. The winter aid campaign has assisted one million individuals across Jordan, Iraq, Egypt, Lebanon and Greece. According to Sheikh Hamdan, ...

Dubai / WAM Driverless vehicles are tested on 5G technology ahead of a planned deployment of such vehicles on UAE roads, a top official told the Emirates News Agency (WAM), on Sunday. “We will expand 5G network to important sectors such as transport, health and education. As per this policy, 5G network was provided in a place away from the city ...

CAIRO / WAM DP World Sokhna has entered into a trilateral partnership with the China State Construction Engineering Corporation (CSCEC), and the China Ocean Shipping Company Ltd (Cosco). The agreement will see DP World Sokhna serve as the hub for all construction material imports needed to build the central business and financial district of Egypt’s New Administrative Capital. As part ...

ABU DHABI / WAM Two Emirati organisations have received the 2019 Chaillot Prize for the Promotion of Human Rights in the GCC region. The Dubai Foundation for Women and Children and the Higher Committee for the Special Olympics World Games in Abu Dhabi were announced as the winners of the prize ex-aequo by the Delegation of the European Union to ...

Dubai / Emirates Business Emirates Central Cooling Systems Corporation (Empower), the world’s largest district cooling services provider, revealed that it achieved 40% Emiratisation in its senior management, and 33% in its middle management. Empower also highlighted that 15% of company’s 750 employees are Emiratis, out of which 48% are female Emirati employees and 52% are male Emirati employees. This supports ...