News

SHARJAH / WAM The Sharjah Business Women Council (SBWC), is calling upon all female entrepreneurs and start-up owners to apply to become one of the ten start-ups it will sponsor during Gitex Future Stars, which will run between October 14-18 at Dubai World Trade Centre (DWTC). SBWC, one of Nama Women Advancement Establishment’s three entities, will be participating for the ...

Dubai / WAM The UAE Cabinet, chaired by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, has adopted a resolution to support the industrial sector by introducing reduced fees of electricity consumption for large, medium and small factories. “We launched today an initiative to support the industry sector and ...

ABU DHABI / WAM­­­­­ Abu Dhabi Global Market (ADGM) considers it essential to develop alternative financing solutions to bridge the commercial funding gap in the UAE and the Middle East and North Africa Region, Richard Teng, the Chief Executive Officer of Financial Services Regulatory Authority (FSRA) at ADGM. Speaking to the Emirates News Agency (WAM), on the ADGM FinTech Abu ...

Abu Dhabi / WAM President His Highness Sheikh Khalifa bin Zayed Al Nahyan has issued Federal Decree-Law No.6 of 2018 approving an additional funding to the general federal budget and to the budgets of independent entities for the current fiscal year. The Decree-Law published in the latest issue of the Federal Gazette, stipulates that the estimated general budget expenses for ...

Abu Dhabi / WAM President His Highness Sheikh Khalifa bin Zayed Al Nahyan has issued Federal Decree-Law No. 07 of 2018 amending articles within Federal Law No. 02 of 2015 on Commercial Companies. The Decree stipulates that Article 14 of Federal Law No. 02 shall be amended to reflect that the Memorandum of Association of a company and each amendment ...

Dubai / WAM The Department of Economic Development (DED), in Dubai has permitted 163 free zone companies to operate in mainland Dubai following a Memorandum of Understanding (MoU), signed earlier this year between DED and the Dubai Free Zones Council. The MoU sought to enable free zone entities in Dubai to expand their operations across the emirate, and strengthen Dubai’s ...

Dubai / WAM Under the patronage of HH Sheikh Mansour bin Zayed Al Nahyan, Deputy Prime Minister, Minister of Presidential Affairs and Chair of the Arab Youth Centre  (AYC), the second edition of the Young Arab Media Leaders programme was launched in Dubai, on Sunday. Organised by the AYC and taking place over the course of two weeks, the programme ...

DUBAI / WAM Dubai Silicon Oasis (DSO), the integrated free zone technology park, will explore the future of smart cities and their success factors at its third quarterly Dtec Forum of 2018. Set to run on September 18 at the Dubai Technology Entrepreneur Centre (Dtec), the largest technology incubation hub in the region that is wholly owned by Dubai Silicon ...

Bloomberg Chancellor Angela Merkel’s plan to phase out coal-fired power plants in Germany should stop short of “prematurely” closing brown coal facilities, or she risks the collapse of the nation’s mining industry as well as persistent blackouts, RWE AG said in a report. Shuttering coal plants may have a “domino” effect on mining, which is regulated by concessions that would ...

Bloomberg Oil headed for a weekly gain as threats to supply in Iran and Venezuela overshadowed risks to demand, while an uncertain outlook heightened volatility. Futures in New York are on course for a 1.7 percent advance this week amid signs that looming US sanctions are taking a toll on Iranian crude exports. Volatility headed for the biggest weekly increase ...