News

ABU DHABI / WAM The UAE Government has announced granting long-term visas for the top 100 start-ups shaping the fourth industrial revolution. The 100 Arab start-ups were selected at the World Economic Forum on the Middle East and North Africa, held in Jordan from April 6-7. The two-day forum witnessed for the first time bringing together 100 emerging companies from ...

Abu Dhabi / WAM The fourth edition of ‘Morocco in Abu Dhabi’ will kick-off in the UAE capital this April, at the Abu Dhabi National Exhibition Centre (Adnec). Taking place from April 17-30, the event is in line with the objective of reinforcing ties between the UAE and the Kingdom of Morocco. According to a press statement, the 2019 edition ...

Dubai / WAM Eighty percent of the work on the road leading to “Jewel of the Creek” project undertaken in collaboration with Dubai International Real Estate has been completed, the Roads and Transport Authority (RTA), has announced. The project lies between Al Maktoum and the Floating Bridges. All construction of road works and underpasses for the project are scheduled for ...

Abu Dhabi / WAM An official from the Zayed Charitable and Humanitarian Foundation (ZCHF), said that access to integrated health services is a natural right for all individuals, and is a crucial pillar of community development. Marking World Health Day, which falls on April 7 each year, Hamad Salem bin Kordous Al Ameri, ZCHF Director-General, said that providing health care ...

DUBAI / WAM Participants at the Annual Investment Meeting 2019 (AIM 2019) will have an opportunity to learn more about China’s One Belt, One Road Initiative during a full-day special forum dedicated to the massive trillion-dollar construction project, which will significantly impact the economies of more than 65 countries across Asia, Europe, Africa, and Oceania according to the organisers. To ...

Abu Dhabi / WAM The Small and Medium Enterprises Exhibition (SME Expo), will kick-off in the nation’s capital, Abu Dhabi this April. The exhibition, held under the patronage of Sultan bin Saeed Al Mansouri, Minister of Economy and Chairman of the UAE SME Council, will take place on April 29-30 at the Abu Dhabi National Exhibition Centre (Adnec). The event ...

DUBAI / WAM The number of customs declarations carried out by Dubai Customs had reached 78 percent of the overall transactions carried out by the customs authority. According to a press statement, out of the total of 9.6 million transactions undertaken by Dubai Customs in 2018, 7.5 million were customs declarations. Around 98 percent of these declarations were completed in ...

Bloomberg For SoftBank Group, $100 billion isn’t enough. The Japanese conglomerate, which has reshaped the technology startup landscape with its Saudi-backed Vision Fund, is in talks with investors to add as much as $15 billion more to its already-massive fund, said people familiar with the discussions. In about two years, the Vision Fund has invested more than $70 billion in ...

Bloomberg Tata Steel Ltd’s Indian steel output rose to a record in its latest financial year thanks to its 2018 acquisition of Bhushan Steel Ltd assets, potentially making Tata the country’s biggest producer. Production rose 35 percent to 16.79 million tons in the year ended March 31, as Bhushan Steel added 4.2 million tons to output, the Mumbai-based company said ...

Bloomberg South Sudan tripled the amount of oil it’s providing to the Export-Import Bank of China to fund the nation’s biggest infrastructure-development project. The East African country will provide 30,000 barrels per day of crude to the state-owned lender, up from 10,000 barrels it agreed in February, Information Minister Michael Makuei Lueth told reporters in the capital, Juba. The country ...