News

Bloomberg Snap Inc. still isn’t meeting much-lowered projections for growth. Now the company is taking drastic measures to shape its future. While ad prices fell as part of a transition in the company’s sales system, the larger problem, Snap said, is that people complain they don’t know how to use the Snapchat mobile-messaging app. Once part of the app’s allure ...

DUBAI / WAM The UAE Cabinet, presided over by HH Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of UAE and Ruler of Dubai, approved the federal budget for 2018-2021 with a total of AED 201.1 billion, of which AED51.4 billion is for 2018, with a zero deficit. This came during the extraordinary session held at the ...

DUBAI / Emirates Business Amlak Finance PJSC, a leading specialized real estate financier in the Middle East, announced its financial results for the nine months period ending September 30. The company recorded a net profit of AED30 million for the nine months period ending September 30. The company reported profit of AED14 million for Q3, an increase of 100% compared ...

Dubai / WAM Expo 2020 Dubai on Tuesday launched a worldwide search, backed by a social media and online campaign, to find the brains behind the newest, cool- est gadgets, gizmos plus digital and traditional games. “We want to wow and delight our visitors with take-home keepsakes that could only come from a World Expo,” said Gillian Hamburger, Senior Vice ...

Abu Dhabi / WAM The much-anticipated Louvre Abu Dhabi will open to the public this Saturday, with a spectacular week-long series of celebrations. It is the first museum of its kind in the Arab region and offers a new perspective on the history of art in a globalised world. An iconic architectural masterpiece designed by French architect Jean Nouvel, it ...

DUBAI / WAM Ten start-ups have made the cut for the first ‘Islamic Lifestyle Mini Bootcamp’ that will run from November 12-16 at Dubai Technology Entrepreneur Centre (Dtec), the largest technology incubator in Middle East, located within Dubai Silicon Oasis (DSO), the integrated hi-tech park. As part of the five-day bootcamp, international trainers and serial entrepreneurs will mentor the selected ...

DUBAI / WAM Dubai has maintained its strong performance through 2017 and is on track for another record year in terms of tourist volumes, according to the latest data released by Dubai’s Department of Tourism and Commerce Marketing, Dubai Tourism. A total of 11.58 million international overnight visitors arrived in Dubai during the first nine months of 2017, reflecting a ...

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, received on Tuesday, Saad Al Hariri, Lebanon’s outgoing prime minister. The two sides discussed the brotherly relations between the two countries and means of enhancing them. His Highness Sheikh Mohamed and Al Hariri also ...

Abu Dhabi / WAM Sultan bin Saeed Al Mansouri, Minister of Economy, said that the UAE and the Maldives were having good economic and commercial ties. He noted that the total non-oil foreign trade exchange between the two countries witnessed a growth during the past five years to reach around AED475 million in 2016 ($129.2 million), increasing from AED422 million ...

Dubai / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, has issued Law No. 16 of 2017 on the objectives, authorities, responsibilities and organisational structure of Dubai’s Knowledge Fund. The law aims to support Dubai’s vision for the education sector in line with approved policies and strategic ...