News

Dubai / Emirates Business Dubai Science Park (DSP), a holistic science-focused community that provides support and a business-friendly ecosystem for entrepreneurs, SMEs and international companies active in sciences, energy and environment sectors, signed a partnership agreement with 1792 Partners, a global advisory and venture firm focused on bridging the gap between health technology innovators in UAE and US. The memorandum ...

Washington / Emirates Business Al Yah Satellite Communications Company (Yahsat), a leading global satellite operator based in the United Arab Emirates and wholly owned by Mubadala Investment Company (Mubadala), and Hughes Network Systems, LLC (HUGHES), a subsidiary of EchoStar Corporation, on Monday announced an agreement to enter into a joint venture to provide commercial Ka-band satellite broadband services in Brazil. ...

UMM AL QAIWAIN / WAM The National Bank of Umm Al Qaiwain (NBQ), announced AED135.18 million in net profits for the first quarter in 2019. This represents an increase of three percent compared to the same period last year, which registered AED131.03 million. In a statement, NBQ attributed the net profit increase to improved operating performance driven by an increased interest ...

Abu Dhabi / WAM Sawab Centre, a joint UAE-US digital communications hub to combat extremist ideologies online and promote positive alternatives, announced the launch of a new campaign on its social media platforms. Under zhashtags #DailyRayOfLight and #StoriesAboutRamadan, the campaign will run during the Ramadan season from May 6 to June 1 in Arabic, English and French on Sawab’s Twitter, ...

Abu Dhabi / WAM The United Arab Emirates has released a Qatari naval vessel and the four military personnel who were on board when it was detained last week. According to a statement from the Ministry of Foreign Affairs and International Cooperation, MoFAIC, the four were First Lieutenant Mohammed Hassem Al Heil and Lance Corporal Saeed Nasser Al Marri, both ...

Dubai / Emirates Business Dubai welcomed 4.75 million international overnight visitors in the first quarter of 2019, posting over two percent increase in tourism volumes compared to the same period last year according to the latest data released by Dubai’s Department of Tourism & Commerce Marketing (Dubai Tourism). Steadily picking up from a stable 2018 performance, Dubai’s tourism sector saw ...

Dubai / WAM The world is better when we act together: that’s the unifying message being passed, volleyed and headed around the world by Expo 2020 global ambassador Lionel Messi and shared in a new video-led campaign. The 60-second film shows the world-famous footballer and people around the planet connecting through the universal language of football as they keep the ...

Bloomberg Indonesia’s economic growth slowed in the first quarter amid a global slowdown that hurt the nation’s exports. Gross domestic product, the broadest measure of goods and services produced in the economy, rose 5.07 percent in the first quarter from a year ago, lower than the 5.2 percent median estimate in a Bloomberg survey of economists. Compared with the previous ...

Bloomberg DouYu International Holdings, a Chinese video-game live-streaming platform, is delaying the launch of its US initial public offering following market jitters over President Donald Trump’s threat to boost tariffs on China, people with knowledge of the matter said. The company, which initially planned to start its IPO roadshow on Monday US time, is considering postponing the launch by at ...

Bloomberg Expansion in India’s dominant services sector weakened in April due to polls, a private survey showed, suggesting a delayed recovery to Asia’s third-largest economy. The Nikkei India services purchasing managers’ index fell to a seven-month low of 51 in April from 52 in the previous month on the back of slower increases in new business. The PMI survey showed ...