News

Bloomberg It’s quite a cocktail: throw in some profit-seeking techies, mix in the age-old Roman Catholic Church and add a twist of anti-globalism. What you get is a startup hub. A year ago, venture capitalists Stephen Forte of Fresco Capital Fund and Eric Harr of Imagine Ventures—both based in California— asked the Vatican to back a technology competition among startups ...

Dubai / Emirates Business The GCC’s first commercial vertical indoor farm, Badia Farms, has launched in Dubai with ambitious plans to pioneer the future of the region’s agriculture industry. Using the latest hydroponic technology and vertical farming techniques, the farm produces nutritious and pesticide-free leafy greens without the need for sunlight, soil or chemicals. Badia Farms has been established by ...

DUBAI / Emirates business The Hong Kong Trade Development Council (HKTDC) is looking for planning to take the trade relations between the UAE and Hong Kong to the next level with seven global trade fairs to be held in Hong Kong early next year. The UAE is Hong Kong’s 17th largest trading partner and 17th largest import supplier. The total ...

Dubai / Emirates Business Dubai-based developer Omniyat has signed a facility agreement with Ajman Bank for AED 500 million. The financing will be used for the construction of an iconic mixed-use project at Dubai Water Canal in Business Bay. The project is a partnership between Omniyat, Saudi’s Rashed Al Rashed Group and Jenina Real Estate Development Company Ltd. — one ...

ABU DHABI / WAM The first unified electronic platform for unmanned aerial vehicles (UAVs) and air vehicles to be used in the UAE for recreational, ser-vice and commercial purposes has been announced. The platform, entitled “Unified Pilot System for Unmanned Aircraft Products and Systems,” is in line with UAE government’s keenness to provide a civil aviation environment and a safe ...

Abu Dhabi / WAM His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, on Monday received Team Abu Dhabi, who recently won the Formula 1 Powerboat World Championship title. The winners were accompanied by His Highness Dr Sheikh Sultan bin Khalifa Al Nahyan, Adviser to the UAE ...

Abu Dhabi / WAM The Statistic Centre Abu Dhabi (SCAD), predicted that the coming period will witness further growth and prosperity in various areas, including in the sectors of commerce, manufacturing and services while stressing that Abu Dhabi’s import and export activities are key to its economic development. SCAD confirmed an increase in the value of imports during the third ...

Dubai / WAM The ENOC Group has announced the launch of its first ‘Sustainability Performance Report’ with the region’s first sustainability performance index for the oil and gas sector in Middle East to chart and monitor company’s performance over three pillars of sustainability including economic, social and environmental. The report highlights ENOC’s sustainability initiatives in line with the UAE Vision ...

Dubai / WAM Dr Abdullah bin Mohammed Belhaif Al Nuaimi, Minister of Infrastructure Development, and Suresh Prabhu, Minister of Commerce and Industry of India, along with his delegation, have discussed means of cooperation across several areas of mutual interest. During the meeting, which was held at the headquarters of the ministry in Dubai, the delegation viewed the country’s development plans ...

Abu Dhabi / WAM An exhibition which highlights the work of the UAE Armed Forces and the brave men and women who voluntarily devote their lives to the homeland, recently opened at Etihad Museum. The exhibition, ‘Protectors of the Nation: Sacrifice and Giving’, also charts the formation of the nation’s armed forces alongside the UAE’s own development following the Union ...