News

Sharjah / Emirates Business Keeping with their commitment to support entrepreneurs and build key networks across the region, the Sharjah Entrepreneurship Center (Sheraa) and Endeavor, a global non-profit pioneering in high-impact entrepreneurship movement, have signed a Memorandum of Understanding (MoU), to ensure alignment and closer collaboration of both parties. The MoU was signed by Najla Al-Midfa, CEO of Sheraa, and ...

Barcelona / Emirates Business Etisalat and Huawei, a leading global provider of ICT infrastructure and smart devices—on Monday announced during Mobile World Congress a strategic partnership to deploy end-to-end 5G network in UAE in 2019. This partnership is in line with Etisalat’s continuous efforts to enhance its digital experience and provide innovative solutions and services to its customers with the ...

ABU DHABI / WAM Sandooq Al Watan received a contribution of AED10 million from Emirates Investment Corporation (EMIC), in support of its efforts to drive sustainable development across all strategic sectors. The contribution will be added to Sandooq Al Watan Fund which is earmarked for projects to develop talents and capacities, and galvanise progress, and building a bright future for ...

ABU DHABI / WAM Sanad Aero Solutions, Sanad, a wholly-owned subsidiary of Mubadala Investment Company, announced the closing of a new financing facility with First Abu Dhabi Bank (FAB). FAB has led several Sanad financings since the company launched in 2010 which support various existing and new customer spare engine and component programmes including new long-term CFM56-5B and 7B spare ...

DUBAI / WAM Lieutenant General Dhahi Khalfan Tamim, Deputy Chairman of Police and General Security in Dubai and Chairman of HBMSU’s Board of Governors, on Monday officially opened the 12th edition of Innovation Arabia Conference and Exhibition. The event is being held under the patronage of HH Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and ...

Abu Dhabi / WAM The Abu Dhabi Department of Energy (DoE), the government entity in charge of ensuring excellence and sustainability in energy sector in Abu Dhabi, has received a delegation from the Saudi Arabia’s Saline Water Conversion Corporation (SWCC), to enhance cooperation and outline joint efforts towards a more sustainable future for the wider region. During the visit, DoE ...

Bloomberg Oil prices could potentially rise as much as 13 percent from current levels, though the rally may prove fleeting, according to Goldman Sachs Group Inc. Top Opec member Saudi Arabia is cutting output faster than US shale drillers can fill the gap, leaving a void in the market that may push global benchmark Brent crude to $70-$75 a barrel ...

Bloomberg For almost two years, the question has lingered over China’s market-roiling crackdown on financial leverage: How much pain can the country’s policy makers stomach? Evidence is mounting that their limit has been reached. From bank loans to trust-product issuance to margin-trading accounts at stock brokerages, leverage in China is rising nearly everywhere you look. While seasonal effects explain some ...

Bloomberg Indonesia’s stock exchange plans to cut the minimum trading price for shares and shrink the lot size in its drive to attract more retail investors and boost volumes. The bourse will revise the decade-old requirement for stocks to maintain a floor price of 50 rupiah and lower the minimum order size from 100, Laksono Widodo, director of trading and ...

Bloomberg Huawei Technologies Co. announced a smartphone that unfolds into a small tablet computer, potentially rendering the need to carry two separate devices obsolete. The Mate X supports next-generation 5G networks and will cost $2,606 when released in the summer. It’s the second folding phone announced by a major manufacturer within a week. “We’ve been working on this folding screen ...