News

Abu Dhabi / WAM Abu Dhabi General Services Company (Musanada), in collaboration with the Abu Dhabi Department of Education and Knowledge (ADEK), commenced construction of two kindergartens at Zakher and Al Maqam areas in Al Ain. Affirming observation of environmental sustainability requirements and preserving multiple energy resources, Musanada said that the AED85.5 million two kindergartens will have a total built-up area ...

Dubai / WAM The United Arab Bank (UAB), announced a contribution of AED50,000 to support Ajman Club for Disabled. The donation will help People of Determination (people with disabilities) to unlock their potential, prove themselves and overcome their disability. Sheikh Mohamed Al Nuaimi, Deputy Chief Executive Officer of UAB, presented the donation cheque to Dr Marwan Abdul Majeed Ibrahim, Executive ...

Abu Dhabi / WAM The Abu Dhabi National Oil Company (Adnoc), announced on Monday that it has signed a partnership agreement with the Abu Dhabi Motorsports Management (ADMM), to enhance science, technology, engineering and mathematics-related (STEM), learning in Abu Dhabi, in order to support the development of the next generation of skilled workers who will be the driving force of the ...

ABU DHABI / WAM The Mubadala Investment Company on Monday announced that it has recruited over 760 Emiratis, including 12 people of determination, to join its group of companies this year. According to a statement released by the group, the major recruitment drive is part of the company’s ongoing “Train for Work” programme, which was initiated last year to support ...

ABU DHABI / WAM The youngest IBM Watson developer in the world has said that the UAE’s establishment of the Mohamed bin Zayed University of Artificial Intelligence (MBZUAI), is “absolutely critical.” The artificial intelligence (AI) expert from Canada, Tanmay Bakshi, told the Emirates News Agency (WAM), “I feel this is an absolutely critical step to take,” adding that he was ...

DUBAI / WAM In a sign of continuing investor confidence in Dubai and new opportunities arising across diverse economic sectors, the Dubai’s Department of Economic Development (DED), issued 4,057 new licenses for various professional, commercial, industrial and tourism activities in September. According to the Business Registration and Licensing (BRL), sector in DED, 65.2% of the new licences were professional, 33.2% ...

Abu Dhabi / Emirates Business In line with its priority to raise awareness about the importance of sustainable development funding, Abu Dhabi Fund for Development (ADFD), the leading national entity for international development aid, hosted a lecture at Al Ain University (AAU). Drawing the participation of AAU students and faculty, the lecture outlined the Fund’s role in promoting sustainable development ...

Bloomberg Berlin’s governing parties struck a deal to freeze rents for five years, marking one of the most radical plans to tackle spiraling housing costs in a major city and hitting the shares of major apartment owners. The German capital’s aggressive efforts to clamp down on rent increases have sparked interest in cities from Amsterdam to New York. While renters’ ...

Bloomberg Almost two weeks after 2.3 million people in California suffered through forced blackouts, the state’s utilities are warning they may have to cut power again with dry, gusting winds raising the threat of wildfires. At risk is supply to thousands who live and work in the mountains and valleys north of Los Angeles. A handful have already lost power, ...

Bloomberg The US minted more than than half the world’s new millionaires last year as investments in equities and tech stocks propelled assets higher. The world’s wealthiest country accounted for 675,000 new millionaires, according to Credit Suisse Group AG’s Global Wealth Report. Japan and China contributed the second- and third-most, according to calculations based on US dollars. A significant portion ...