News

Abu Dhabi / WAM Hussain Jasim Al Nowais, Chairman of Khalifa Fund for Enterprise Development, and Saadou Sidou, Nigerien Minister of Trade and Private Sector Development, have signed a $25 million (AED92 million) agreement aimed at providing support for micro, Small and Medium-sized Enterprises (SMEs), in Niger, where the amount will be distributed in equal instalments. This came during a ...

Abu Dhabi / WAM The Emirates Nuclear Energy Corporation (Enec) and its subsidiaries, the Nawah Energy Company and Barakah One Company, hosted an Innovation Majlis, a hackathon, and youth events as part of its UAE Innovation Month activities. The initiatives were designed to foster and sustain a culture of innovation, future planning and adoption of smart solutions across all of Enec’s ...

Dubai / WAM The total number of operational restaurants and cafes in the emirate of Dubai reached 11,813 at the end of 2018, according to a report issued by the Business Registration & Licensing (BRL) sector in the Department of Economic Development (DED), Dubai. This increase was driven by Dubai’s sophisticated infrastructure and its conducive environment for doing business. The ...

ABU DHABI / WAM His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, on Wednesday received Isaias Afwerki, President of Eritrea, who is currently visiting the country. His Highness Sheikh Mohamed and President Afwerki discussed fostering the bonds of friendship and cooperation between the two friendly countries ...

DUBAI / WAM Dubai SME, an agency of the Department of Economic Development in Dubai that helps develop the Small and Medium-sized Enterprise (SME), sector, and Jumbo 3D Manufacturing, part of the Jumbo Group, signed a Memorandum of Understanding (MoU), to drive awareness about 3D manufacturing technology. Abdul Baset Al Janahi, CEO, Dubai SME and Arvind Agrawal, CEO, Jumbo Group, ...

Abu Dhabi / WAM Emirates Foundation, in partnership with the Ministry of Education and Abu Dhabi Department of Education and Knowledge, announced the expansion of its Think Science Platform with the launch of ‘Think Science Fairs’ to take place across the UAE starting with UAE Innovation month. Held under the patronage of HH Sheikh Abdullah bin Zayed Al Nahyan, Minister ...

DUBAI / emirates business Breakbulk Middle East, the GCC’s leading breakbulk and project cargo event, is doing its part to actively build up the female maritime landscape. This year’s two-day conference will be held under the patronage of Dr. Abdullah Belhaif Al Nuaimi, the UAE Minister of Infrastructure Development and the Chairman of Federal Transport Authority for Land and Maritime ...

DUBAI / Emirates Business dnata, one of the world’s largest air services providers, strengthens its position in the UAE and international freight forwarding industry by increasing its ownership in two of its Dubai-based joint venture companies. dnata has purchased a 50% stake in Dubai Express, Freightworks LLC and a 25.5% stake in Bolloré Logistics LLC, UAE from Kanoo Group LLC. ...

DUBAI / WAM Dubai Police have launched an initiative that will entitle drivers to a 100 per cent reduction on existing fines, under the condition that drivers do not commit any violations for a full calendar year starting from February 2019. In a press conference held at the Dubai Police General HQ, Major General Abdullah Khalifa Al Marri, Commander-in-chief of ...

Bloomberg China’s upstart e-commerce company Pinduoduo Inc. (PDD) and its shareholders filed to sell more than 50 million shares in a secondary offering that could raise about $1.5 billion after the company’s public debut last year. The Shanghai-based company plans to sell 37 million American depository shares, while investors market 14.8 million, according to a securities filing. Its shares closed ...