News

Dubai / Emirates Business The UNLOCK Blockchain Forum which commenced on Sunday at the Ritz Carlton Hotel DIFC has proven once again that Dubai is a vanguard when it comes to attracting innovative experts, blockchain start-ups, and forward looking attendees. Al-Iktissad-Wal-Aamal, the organizers of UNLOCK Blockchain forum were not surprised to receive more than 60 blockchain start-ups from more than ...

Abu Dhabi / WAM The two-week joint military exercise between the ground forces of the UAE and the United States Army, known as, ‘Iron Union 6’, started on Sunday. The exercise is aimed at developing and promoting ties between both countries through training, and exchanging of military expertise, and to raise their combat capabilities and improve skills of their ground ...

Mukalla / WAM An Emirati ship carrying food aid and tents from the UAE has arrived in the Port of Mukalla, to support the local residents of Hadramaut Governorate. The aid is part of the humanitarian efforts made by the UAE through the Emirates Red Crescent (ERC), in line with the Year of Zayed Initiative to support Yemen across different ...

Abu Dhabi / WAM The International Renewable Energy Agency (IRENA), launched the Global Commission on the Geopolitics of Energy Transformation, with the support of the governments of Germany, Norway and the UAE. Chaired by Olafur Grimsson, the former President of Iceland, the Commission will examine the immediate and longer-term geopolitical implications of global energy transformation driven by large scale-up of ...

Dubai / WAM The Business Registration and Licencing (BRL), sector in Dubai Economy witnessed 288,878 transactions, including 19,877 new licences, during 2017, showing the activity recorded on ‘Business Map’ digital platform. The ‘Business Map’ tracks BRL activity and seeks to reflect economic realities in Dubai by providing vital data on each category of licences including their numbers and category-wise distribution ...

Bloomberg Tesla Inc. helped electric vehicles gain a mainstream foothold in the US by starting with luxury cars and then moving down-market. India’s nascent transition to EVs is heading in the opposite direction. Many consumers will get their first taste of electric vehicles from public-transit systems and corporate fleets in India, where car ownership per 1,000 citizens is just 20, ...

Bloomberg Chinese smartphone maker ZTE Corp. aims to launch a smartphone with faster 5G internet capabilities in about a year, according to Lixin Cheng, chief executive officer of the company’s mobile device business. The device would be introduced in the US at the end of 2018 or early 2019, Cheng said in an interview with Bloomberg News. Plans may change ...

Bloomberg Alibaba Group Holding Ltd. was cited again as a marketplace for fakes on a US blacklist, another sign of increasing tension between the US and China. The Office of the US Trade Representative included Alibaba’s Taobao online marketplace on its list of “Notorious Markets,” citing a high volume of reported counterfeiting and piracy. The agency acknowledged steps Alibaba has ...

DUBAI / Emirates Business The Dubai Islamic Economy Development Centre (DIEDC) on Sunday announced the signing of a Memorandum of Understanding (MoU) with the Group of Strategic Vision ‘Russia – Islamic World’ (RIW Group) to exchange expertise and best practices in the field of Islamic economy. Sultan bin Saeed Al Mansouri, Minister of Economy and Chairman of DIEDC, and Rustam ...

Dubai / WAM His Highness Sheikh Hasher bin Maktoum Al Maktoum, Director General of Dubai’s Department of Information, on Sunday opened CABSAT 2018, the definitive event for broadcast, satellite and entertainment content sectors across the Middle East, Africa and South Asia (MEASA). Following the official opening, Sheikh Hasher toured the exhibition halls, meeting with exhibitors who have gathered in Dubai ...