News

Karachi / WAM The Sheikha Fatima Global Humanitarian Campaign launched ‘Zayed Al Khair Camp’ in Pakistan’s city of Sukkur to treat thousands of children and women, under the supervision of Emirati-Pakistani doctors. The campaign is being held under the theme, ‘Following in the Footsteps of Zayed,’ and as part of the ‘All of us are our Mother Fatima’ programme. Noura ...

DUBAI / WAM The Department of Economic Development (DED), in Dubai in co-operation with the UAE Ministry of Food Security, introduced 14 new business activities in the field of agricultural production and aquaculture in view of the growing interest in these activities and the importance being given to food security in the country. The move is part of DED’s strategy ...

ABU DHABI / WAM The Central Bank of the UAE, in cooperation with the UAE Banks Federation and national banks, has recently launched a national initiative under the name “National Loans Scheme”. This initiative aimed at easing the burden of debt accumulation for UAE nationals. To help UAE citizens better manage their debt settlements, the new National Loan Scheme consolidates ...

DUBAI / WAM Dubai Electricity and Water Authority (Dewa) announced that its conservation programmes and initiatives over the past 10 years have achieved significant savings in electricity and water use within various stakeholder groups. Cumulative savings between 2009 and 2018 reached 2 terrawatthours (TWh), of electricity and 7.4 billion gallons of water, equivalent to AED1.2 billion ($33 million). These savings ...

Dubai / WAM Mattar Al Tayer, Director-General and Chairman of the Board of Executive Directors of the Roads and Transport Authority (RTA), inaugrated Al Mutakamela Vehicle Testing and Registration Centre at Al Quoz, Dubai. It spans an area of 140 thousand square metres rendering it one of the largest technical testing and registration centres in Dubai that serves densely populated ...

Abu Dhabi / WAM The Abu Dhabi Department of Energy (DoE), the government entity in charge of ensuring the energy sector’s excellence and sustainability in the emirate and official partner of the Special Olympics World Games Abu Dhabi 2019, launched the “Sustainable Energy At The Venues” initiative as part of its “Powering the Olympics” campaign. The campaign seeks to create a ...

BISHKEK / WAM The UAE-Kyrgyzstan Joint Economic Committee’s first meeting was held in Bishkek on Saturday and co-chaired by Sultan bin Saeed Al Mansouri, Minister of Economy, and Zhenish Razakov, Deputy Prime Minister of Kyrgyzstan. High on the meeting’s agenda are several programmes and mechanisms to boost cooperation in 13 vital sectors, including trade, investment, Halal industry, financial services, industrial ...

Bloomberg The growing mystery of where China’s rapid slowdown is headed may become the biggest risk on the horizon, even as Brexit and a solution to US-China trade tensions are kicked into the long grass. The global economy’s in its weakest shape since the financial crisis a decade ago, Bloomberg Economics analysis shows. And the reminders are all around: China ...

Bloomberg Royole Corp., a maker of flexible displays, is seeking about $1 billion in a funding round ahead of an initial public offering, people familiar with the matter said. The Shenzhen, China-based company is seeking a valuation of at least $8 billion in the round as it seeks to expand its sales and marketing and research facilities, the people said, ...

Bloomberg India’s trade deficit narrowed more than estimated in February from a month ago, as imports fell owing to a sharp drop in oil purchase cost. The gap between exports and imports was $9.6 billion last month, compared with $14.7 billion in January, data released by the commerce ministry showed. The deficit is narrower than the $13.7 billion median estimate ...