News

ASH SHAHAR / WAM The Emirates Red Crescent (ERC) distributed food aid to 600 families, or about 3,000 persons, at Al Hami, Ash Shahar District in Hadramaut. This is in the framework of the ERC’s humanitarian project to restore normalcy to the lives of families facing dire humanitarian conditions. The assistance included basic humanitarian needs and foodstuff. The beneficiaries extended ...

ABU DHABI / WAM Abu Dhabi will see the launch of the inaugural edition of the Moonshot initiative for Healthcare Research for the first time in the Mena Region in Abu Dhabi on October 11. Under the patronage of HH Sheikh Hazza bin Zayed Al Nahyan, Vice Chairman of the Abu Dhabi Executive Council, VPS Healthcare, one of the UAE’s ...

Bloomberg Saudi Arabia’s crown prince insisted the plan to sell shares in oil giant Aramco will go ahead, promising an initial public offering (IPO) by 2021 and sticking to his ambitious view the state-run company is worth $2 trillion or more. “I believe late 2020, early 2021,” he said, discussing the timing of the IPO in an interview at the ...

DUBAI / WAM Emirates won the Aviation 100 ‘Middle East & Africa Airline of the Year’, awarded by Airline Economics magazine. The Aviation 100 awards recognise aviation’s most outstanding performers, as well as the most innovative and successful finance and leasing deals closed in last 12 months. The awards were held during the Airline Economics Growth Frontiers Dubai 2018 conference ...

ABU DHABI / WAM Abu Dhabi National Exhibitions Company (Adnec) will host more than 10 leading regional and international events across key sectors at its Abu Dhabi and Al Ain venues, during the month of October, which are expected to attract thousands of visitors, exhibitors and industry professionals and leaders. Commenting on the announcement, Humaid Matar Al Dhaheri, Group CEO ...

Dubai / Emirates Business With an estimated $2.4 trillion of projects planned across the GCC, the region still offers abundant opportunities as governments seek to develop infrastructure to meet the needs of rapidly expanding populations, and to deliver economic diversification. The region offers some of the best project opportunities in the world. The need for infrastructure and economic diversification is ...

Dubai / WAM His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of Dubai Executive Council has stated that increasing foreign direct investment (FDI) inflows reflect growing investor confidence in Dubai. FDI into Dubai recorded significant growth in the first half of 2018, reaching $4.84 bn (AED17.76 bn), a 26% up compared to ...

Abu Dhabi / WAM Under the patronage of His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, the second edition of the Mohammed bin Zayed Majlis for Future Generations will commence on October 8, under the theme, “Leaders of today meet the leaders of tomorrow.” The agenda ...

Ajman / WAM Al Ihsan Charity Association (ACA), has spent AED53.6 million in humanitarian, charitable, social, educational and health assistance in the first nine months of the year. Dr Sheikh Abdul Aziz Al Nuaimi, CEO of ACA, said financial assistance was offered to widows, divorcees, abandoned wives, wives of prisoners, surgeries, medicines, rental arrears and school fees. “Humanitarian financial assistance ...

Sharjah / WAM The Sharjah Entrepreneurship Foundation (RUWAD), has approved an allocation of AED1.2 million for supporting Emirati entrepreneurs in the emirate of Sharjah through its direct or indirect financing programmes. Approvals of projects by national entrepreneurs were given during the 13th regular meeting of RUWAD’s executive committee after they satisfied financing requirements and conditions. The financing programme, in cooperation ...