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DUBAI / WAM His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of Dubai Executive Council, officially inaugurated the Global Islamic Economy Summit 2018 (GIES), the world’s largest forum dedicated to all aspects of the Islamic economy, which got underway in Dubai on Tuesday. Held under the theme “A Shared Future”, the two-day ...

Dubai / WAM Dubai Maritime City (DMC), has participated in the 9th edition of the Seatrade Maritime Middle East Conference and Expo taking place at the Dubai World trade Centre. Dubai Maritime City’s participation is to play a significant role in promoting UAE as a first-class maritime destination and will provide a platform for DMC to showcase the recent and ...

Dubai / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, on Tuesday crowned Maryam Amjoun, a student from Morocco, as Champion of the third Arab Reading Challenge at a packed award ceremony at Dubai Opera and presented her with the cash prize of AED500,000. Al-Ikhlas School from Kuwait ...

Sharjah / Emirates Business Sharjah Entrepreneurship Center (Sheraa) on Tuesday announced that the second edition of the largest entrepreneurship festival in the UAE, Sharjah Entrepreneurship Festival (SharjahEF), will be held on November 20-21, at the Sharjah Golf and Shooting Club. Held under the patronage of Sheraa Chairperson HE Sheikha Bodour Bint Sultan Al Qasimi, the 2018 edition of SharjahEF will ...

UMM AL QAIWAIN / WAM His Highness Sheikh Saud bin Rashid Al Mu’alla, Supreme Council Member and Ruler of Umm Al Qaiwain, stressed that October 29 will remain a glorious day in the UAE’s history, due to the launch of the first Emirati-made satellite, “KhalifaSat,” which will reinforce the country’s stature in space exploration and will make it among the ...

Dubai / Emirates Business In the presence of His Excellency Rustam Noor Ali Minnikhanov, President of the Russian Republic of Tatarstan and His Excellency Sultan bin Saeed Al Mansouri, Minister of Economy and Chairman of DIEDC, Dubai Airport Freezone Authority (DafzaA) and the Dubai Islamic Economy Development Centre (DIEDC) have launched the first of its kind Halal Trade and Marketing ...

Dubai / WAM The Central Bank of the United Arab Emirates has decided to amend the terms governing personal loans and finance transfer from one bank or finance company to another, obligating banks and finance firms to reduce the interest rate and not to increase payment period of retail loans, which will be provided after the issuance of the new ...

Abu Dhabi / WAM The Board of Management of the UAE’s Federal Authority for Nuclear Regulation (FANR) convened its fifth meeting at the site of the Barakah Nuclear Power Plant, where it reviewed progress of its operational activities and discussed a number of initiatives planned during this year. During the meeting, the Board learned about latest updates of the FANR ...

Bloomberg India’s top court has directed the federal electricity regulator to decide within 8 weeks on approving revised tariffs for three power producers in the western state of Gujarat due to increased cost of imported coal. The Gujarat government sought the top court’s intervention to implement a state government panel’s report that recommended implementing a cost-reflective tariff, which would mirror ...

Bloomberg Simec Atlantis Energy Ltd., a renewable energy developer, plans to extend its tidal stream project in Scotland by adding two new turbines. The MeyGen facility currently has a capacity of 6MWs, and the extension will bring it to 10MWs. It’s partially funded by a $19mn support package from the European Commission. Atlantis is trying to bring costs down by ...