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Sharjah / Emirates Business Air Arabia (PJSC) on Sunday announced full-year financial results for 2017 as the Middle East and North Africa’s first and largest low-cost carrier once again delivered high levels of profitability and growth across the breadth of its operations. Air Arabia’s net profit for the full year ended on December 31, 2017 was AED662 million, a 30 ...

DUBAI / WAM Artificial intelligence (AI) will contribute $320 billion to the Middle East economy by 2030 — the equivalent to 11 percent of GDP, the PwC Middle East has revealed in a latest study. Drawing on PwC research to illustrate the scale of economic impacts associated with AI, the report outlines that there are greater, untapped opportunities that could ...

DUBAI / WAM The UAE is ranked third in an analysis of Islamic Fintech start-ups, according to a survey by Bloomberg Intelligence, issued on Sunday. Malaysia and the United Kingdom are ranked first and second. The analysis, published to coincide with the UAE’s Innovation Month and carried out for Bloomberg by Edmond Christou, finds that tailored regulation and clarity on ...

Dubai / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of UAE and Ruler of Dubai, received on Sunday Narendra Modi, Prime Minister of India on the sidelines of the World Government Summit (WGS 2018), Sheikh Mohammed bin Rashid and Prime Minister Modi discussed boosting strategic cooperation between the two nations as well as a ...

Dubai / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of UAE and Ruler of Dubai, received Christine Lagarde, Managing Director of the International Monetary Fund (IMF), at Jumeirah Al Naseem Hotel in Dubai on Sunday. HH Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, attended the meeting. Sheikh Mohammed welcomed ...

Dubai / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of UAE and Ruler of Dubai, and Edouard Philippe, Prime Minister of France, on Sunday attended the signing of a joint declaration between the UAE Space Agency and France’s Centre national d’etudes spatiales – the National Centre for Space Studies – CNES. The Declaration ...

Dubai / Emirates Business The Roads and Transport Authority (RTA), in cooperation with Next Future Transportation, launched the first tests of world’s first autonomous pods on the sidelines of the World Government Summit. The step is part of RTA’s efforts under Dubai Future Accelerators initiatives. The autonomous pods are designed to travel short and medium distances in dedicated lanes. They ...

Dubai / WAM In the presence of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of UAE and Ruler of Dubai, United Nations Messenger of Peace and Chairperson of the International Humanitarian City (IHC), Princess Haya bint Al Hussein, wife of His Highness Sheikh Mohammed bin Rashid Al Maktoum, on Sunday launched the Humanitarian Logistics Databank, a ...

Dubai / WAM The final designs of the Hope Probe, the Arab World’s first interplanetary mission were unveiled on Sunday at the World Government Summit in Dubai. Details of the much-discussed Mars 2117 plan, which aims to create the first human settlement on Mars, and UAE’s astronaut programme, which will train Emiratis in space exploration, were also discussed. The Mohammed bin ...

Dubai / WAM Prominent thought leaders and experts discussed advancements in genome editing and biotechnology, along with their implications on society and healthcare in a series of sessions themed The Future of Health on day one of the sixth World Government Summit (WGS 2018), in Dubai. “Biotech is the transformative technology of the 21st century. We are not just understanding ...