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American job market’s solid 2018 start raises wage-pickup hopes

Bloomberg The US labour market began 2018 on a strong note as Americans saw wage gains accelerate amid better-than-expected hiring, raising hopes that a long-overdue pickup in worker pay is finally in train. Nonfarm payrolls rose 200,000 in January, exceeding the median estimate of economists for a 180,000 increase, Labor Department data showed, as the jobless rate held at a ...

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First UAE-made satellite set for launch in 2018

DUBAI / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, visited the Mohammed bin Rashid Space Centre (MBRSC) to inspect the progress of the KhalifaSat project. KhalifaSat is the first satellite to be fully built by Emirati engineers, an achievement that highlights the UAE’s growing expertise in ...

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DHA’s preparations for Expo 2020 on track

DUBAI / WAM The Dubai Health Authority (DHA) announced that its preparations to provide the highest levels of healthcare services for Dubai’s Expo 2020 are on the right track. The authority revealed that its preparations are going as planned in line with the country’s vision and Dubai’s strategy and as per the required standards of Expo 2020 Hig- her Preparatory ...

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New food packaging factory in Kizad to employ 200 people

Abu Dhabi / Emirates Business Gulf Printing and Packaging, a subsidiary of Al Khat Packaging Co., one of the largest producers of printing and packaging materials in the GCC region, officially inaugurated its new UAE base in Khalifa Industrial Zone of Abu Dhabi (KIZAD). With an investment of AED 100 million, the new facility is located in the heart of ...

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Air Arabia adds Sheremetyevo airport to Moscow network

SHARJAH / WAM Air Arabia on Saturday announced the launch of its inaugural flight to Moscow’s Sheremetyevo International Airport, adding a second route for travel to the Russian capital. The inaugural flight landed in Sheremetyevo International Airport on Thursday, February 1, at 13:35 local time led by an Air Arabia delegation headed by the airline Group Chief Executive Officer. The ...

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startAD’s fintech venture launchpad offers direct engagement with investors

ABU DHABI / WAM Innovation and entrepreneurship platform startAD on Saturday announced it will host a ten-day entrepreneurship programme at NYU Abu Dhabi (NYUAD) to provide ten Fintech startups a unique opportunity to pitch their business one-on-one to investors from the UAE. Early-stage Fintech startups based in the UAE are encouraged to apply before the upcoming deadline of February 4, ...

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RTA’s two new bridges to ease traffic in Dubai

Dubai / WAM The Roads and Transport Authority (RTA), on Saturday opened two major bridges as part of the improvement plan of Sheikh Rashid-Sheikh Khalifa bin Zayed street intersection. The first bridge on Sheikh Khalifa bin Zayed Street comprises two lanes in each direction, and the second is a one-lane bridge stretching from Za’abeel Street towards Sheikh Rashid Street. The ...

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Growing global trust key to UAE’s economic progress

Dubai / WAM The growing local and international trust in Dubai, and the wider UAE, promises greater progress in the domestic economy, especially in the Islamic economy domain, Sultan bin Saeed Al Mansouri, Minister of Economy and Chairman of Dubai Islamic Economy Development Centre (DIEDC), at the DIEDC’s meeting. DIEDC convened its first board meeting for 2018, reviewing all the ...

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UAE pledges $100mn to support education

Abu Dhabi / WAM The United Arab Emirates has pledged AED 367 million ($100 million) to the Global Partnership for Education (GPE) for the next three years to improve education and learning outcomes of 870 million children and young people in 89 developing countries during the Global Partnership for Education Replenishment Conference held between 1-2 February in Dakar, the capital ...

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