News

ABU DHABI / WAM The Year of Tolerance in the UAE has gained both local and international significance, due to the launch of initiatives that aim to support the country’s long-term efforts to promote tolerance around the world, in coordination with relevant international bodies. In this report, the Emirates News Agency (WAM) highlights the UAE’s key local and global achievements ...

DUBAI / WAM Five major regional insurance companies have signed on to Addenda’s integrated blockchin platform. Based at Dubai International Financial Centre (DIFC) Addenda is an InsurTech firm that uses distributed ledger technology to streamline processes between insurance companies. With the global InsurTech market revenue valued at $533 million in 2018 and expected to reach over $1 billion by 2023, ...

ABU DHABI / WAM The Aqdar World Summit organising committee held a press conference in Abu Dhabi on Tuesday, where it announced the conference agenda, workshops, and the activities to be held during the summit which will take place in Moscow. The organising committee members also announced the names of the main speakers in this global event that highly emphasises ...

Dubai / WAM Dubai Electricity and Water Authority (Dewa) invited international companies and organisations specialised in energy, renewable energy, water, environment, to participate and display their products and services at the 21st Water, Energy, Technology, and Environment Exhibition (Wetex), and the 4th Dubai Solar Show. The events will take place from October 21to 23 at Dubai International Convention and Exhibition ...

Dubai / Emirates Business Commercial Bank of Dubai (CBD), one of the leading banks in the UAE, recently partnered with International money transfer organisation, Xpress Money, a Finablr company, to offer remittance solutions to Pakistan and Philippines for the bank’s customers in the first phase. This partnership is facilitated by Xpress Money’s business solution — FLEX. The partnership agreement was ...

Dubai / WAM A total of 9,062 companies joined Dubai Chamber of Commerce and Industry as new members in the first half of 2019, marking a year-over-year increase of over 22 percent, and bringing the organisation’s total membership to over 240,000. The number of international delegations visiting Dubai Chamber rose 51.7 percent y-o-y to 1,094 over the same period, while ...

SHARJAH / WAM The Sharjah Research, Technology and Innovation (SRTI) Park discussed, with a Chinese delegation, the launch of strategic partnerships that aim to promote technology transfer between the park and Chinese research and development organisations. The delegation’s visit aims to explore available investment opportunities for Chinese investors operating in innovative technological sectors and research and development, as well as ...

ABU DHABI / WAM Upon the directives of President His Highness Sheikh Khalifa bin Zayed Al Nahyan, His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, and Chairman of the Abu Dhabi Executive Council, has ordered to disburse the second instalment of housing loans to Emirati citizens ...

ABU DHABI / WAM Abu Dhabi Airports has assigned additional staff across Abu Dhabi International Airport (AUH) to ensure pilgrims enjoy a seamless and comfortable travel experience. This will ensure the smooth and safe departure and return of pilgrims from Makkah and Madina during the Hajj season, the company said, adding that sufficient preparations are in place in collaboration with ...

Bloomberg Indian tycoon Subhash Chandra’s Essel Group is in advanced talks to sell some toll road projects to an arm of the country’s sovereign wealth fund for about $350 million, according to reports. The assets that National Investment & Infrastructure Fund (NIIF) is planning to buy are four toll roads that are in operations and two in construction, said the people, ...