News

TOKYO / WAM His Highness Sheikh Hazza bin Zayed Al Nahyan, Deputy Chairman of the Abu Dhabi Executive Council, on Wednesday received at his residence in Tokyo, several Emirati students studying in Japanese universities. HH Sheikh Hazza conveyed to the students the greetings of President His Highness Sheikh Khalifa bin Zayed Al Nahyan, and the Vice President and Prime Minister of ...

Dubai / WAM HH Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of Dubai Executive Council, said that the emirate is making rapid strides to strengthen its green economy and enhance sustainable development as per international best practices in clean and renewable energy adoption. His Highness said that Dubai has achieved considerable success in ...

Dubai / WAM The International Institute for Tolerance (IIT,) under the Mohammed bin Rashid Al Maktoum Global Initiatives, launched the World Tolerance Network (WTN), and Tolerance Decathlon, as part of its 2019-2022 strategic plan to strengthen UAE’s efforts to promote global peace and stability. The two initiatives were launched at a press conference held at IIT’s headquarters to foster a culture of ...

Abu Dhabi / Emirates Business Eshraq Investments PJSC (Eshraq), the Abu Dhabi based investment company listed on Abu Dhabi Securities Exchange (ADX), reported a net profit of AED 7.5 million for the 9-month period ended September 30, achieving another profitable quarter. Eshraq’s diversification plans continued to pay off with each of its business divisions recording profitability during the nine-month period. ...

Dubai / WAM Dubai Municipality entered the Guinness Book of World Records for completing the largest 3D printed two-storey structure in the world, with a height of 9.5 metres, spanning a total area of 640 square metres. This latest accomplishment is in line with the directives of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister ...

ABU DUBAI / WAM Etihad Credit Insurance (ECI), signed a Memorandum of Understanding with Abu Dhabi Global Market (ADGM), to promote and sustain an effective financial ecosystem and provide an advantageous business environment that nurtures collaboration and international competitiveness of UAE businesses. Signed during FinTech Abu Dhabi, this agreement will enable the two institutions to support the development of numerous ...

Dubai / WAM Dubai Electricity and Water Authority (Dewa), announced that Sharjah Sustainable City is one of the leading environmental projects participating in the 21st Water, Energy, Technology and Environment Exhibition (Wetex 2019.) Sharjah Sustainable City is the first project in emirate that meets the highest standards of green economy and environmental sustainability. It is the outcome of a strategic partnership ...

Fujairah / WAM The National Bank of Fujairah (NBF), announced a net profit of AED511.6 million for the period ended September 30, an increase of 10.7 percent over the corresponding period of 2018. According to a press release issued by NBF on Wednesday, the Bank also achieved strong operating profit of AED862.3 million which increased by 7.2 percent compared to ...

Bloomberg The dust had barely settled at Infosys Ltd when Asia’s No. 2 software services firm once more found itself grappling with a potential leadership crisis. For the second time in about as many years, the Indian icon synonymous with the country’s technological ascendancy is being forced to answer accusations of impropriety. In the most recent of a stream of ...

Bloomberg JSW Steel Ltd’s quarterly profit rose 20% from a year earlier as India’s most valuable steelmaker benefited from a one-off tax gain and boosted exports to offset a slowdown in domestic demand. Group net income at the Sajjan Jindal owned mill climbed to 25.6 billion rupees ($361 million) in the July to September quarter, it said on Wednesday in ...