News

Dubai / Emirates Business Under the patronage of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE, Ruler of Dubai, Annual Investment Meeting (AIM), the premier event in foreign direct investment in the Middle East and North Africa, has launched the preparatory actions for its 9th edition on April 8-10, 2019 in Dubai. In ...

Dubai / WAM The UAE has made a new leap in the Global Competitiveness Index (GCI), according to the recent Global Competitiveness Report issued by the World Economic Forum (Davos) 2018, where the country has advanced 18 places in “ICT Adoption” from 24th to 6th place in the world. This theme measures the efficiency of the telecommunications sector in countries ...

SHARJAH / WAM Sheikh Sultan bin Ahmed Al Qasimi, Humanitarian Envoy of The Big Heart Foundation (TBHF), and Chairman of Sharjah Media Corporation (SMC), opened the hospital built by The Big Heart Foundation in collaboration with the Medicines Sans Frontieres – Doctors without Borders, in Cox’s Bazar district of Bangladesh. The AED3 million hospital aims to offer lifesaving aid and ...

Abu Dhabi / WAM The Abu Dhabi City Municipality (ADM), made a new achievement by winning the “World Smart City Award for the Fastest Growing Practices”, presented by the German Sigfox Connect Company in Berlin. The awards attracted the participation of 52 countries from all over the world. Sami Abdul Qadir Al Hashimi, Manager of Technical Support for Infrastructure, and ...

Dubai / WAM The first of the new Dubai Metro trains had arrived in the emirate, with a total of 50 to be delivered by the end of October 2019. Mattar Al Tayer, Director-General and Chairman of the Roads and Transport Authority (RTA), said the first train has been transported to the Metro Depot at Rashidiya. ”The manufacturer, Alstom, will ...

Sharjah / WAM Noura bint Mohammed Al Kaabi, Minister of Culture and Knowledge Development, inaugurated the Middle East’s first graphic design Biennial, and the first-of-its-kind in the Middle East and North Africa (Mena), region. Over the course of the next 21 days, the UAE’s fictitious “Ministry of Graphic Design” will introduce visitors to the best and most ground-breaking graphic designs ...

Abu Dhabi / WAM Louvre Abu Dhabi on Saturday announced that it has welcomed more than one million visitors in its first year, establishing itself as one of the leading cultural institutions on the global stage. Commenting on the first anniversary of Louvre Abu Dhabi, Mohamed Khalifa Al Mubarak, Chairman of the Department of Culture and Tourism – Abu Dhabi, ...

Bloomberg Russia’s oil industry is feeling the pressure of a possible return of production caps. In fact, by sacrificing a fraction of output, the companies could see their stocks rise. Fresh output curbs may push crude prices up, benefiting Russian producers just as they did during the cuts that began last year. The Moscow Oil & Gas Index has gained ...

Bloomberg BlackRock Inc and CleanCapital LLC bought a 46.9-megawatt portfolio of US solar power from a unit of ATN International Inc. The 60 projects are in California, Massachusetts and New Jersey, CleanCapital said in a statement. ATN’s Chief Financial Officer Justin Benincasa said in an email that the purchase price was $64.3 million. Including assumed debt of $55.5 million and ...

Bloomberg Alibaba Group Holding Ltd. is looking beyond borders to turn its annual Singles’ Day shopping celebration into a global phenomenon. This Sunday, the Chinese internet giant is including sales from Lazada, the online shopping mall it controls. Southeast Asia’ biggest web retailer is becoming a key part of Alibaba’s plan to fuel growth, on top of the company’s efforts ...