News

Sharjah / Emirates Business As part of its strategic commitment to becoming one of the region’s leading research universities, American University of Sharjah (AUS) is presenting innovative research projects at GITEX, an event that plays a significant role in the country’s quest to become a knowledge-based economy. The AUS projects were presented as part of Sharjah eGovernment Pavilion. An internationally ...

Abu Dhabi / WAM Abu Dhabi Farmers’ Service Centre announced that it launched the Farmers e-Portal and 11 of its services provided electronically to farm owners through the Abu Dhabi Government Digital Platform, at GITEX 2017. Commenting on the announcement, Nasser Mohammed Al Junaibi, Acting Chief Executive Officer of the Farmers’ Service Centre, said, “Through the technical and commercial services ...

DUBAI / Emirates Business Dubai Economy and online retailer Noon have signed a partnership to promote ecommerce among Dubai-based companies. Together, the two entities will work with the authorities concerned in updating e-commerce laws and regulations as well as in enhancing service standards in order to promote customer happiness and facilitate business in Dubai using the latest technology. The agreement ...

DUBAI / Emirates Business Dubai Startup Hub, an initiative of Dubai Chamber of Commerce and Industry, launched its new Market Access programme which aims to enhance cooperation and facilitate deals between innovative startups, SMEs, leading companies, and government entities in Dubai. The launch announcement was made during GITEX Technology Week 2017, where Dubai Startup Hub is exhibiting and showcasing the ...

DUBAI / WAM Represented by the Department of Finance (DOF), and Smart Dubai Government Establishment (SDG), Dubai Government signed a partnership agreement with Mashreq Bank to collect payments made via Smart Dubai Portal. Under the agreement, Mashreq Bank is to become an acquirer of payments made with credit and debit cards issued by banks in or outside the UAE. In ...

DUBAI / Emirates Business Dubai Land Department (DLD) in cooperation with Pixonal, a leading innovation design firm, is showcasing the largest flip-dot screen to ever be constructed in the Middle East at GITEX Technology Week. The six by two meter screen is set to showcase DLD’s latest news which includes live real-estate transactions and project progress updates. DLD recently announced ...

Bloomberg Oil producers are succeeding in re-balancing an oversupplied market, though they may need to take further steps to sustain the recovery into 2018, OPEC Secretary-General Mohammad Barkindo said. Saudi Arabia and Russia are currently leading consultations between the Organization of Petroleum Exporting Countries (OPEC) and other major suppliers about the future of their agreement to cut oil output, Barkindo ...

Reuters Oman Telecommunications (Omantel) plans to buy a 12 percent stake in Kuwaiti telecoms company Zain in a deal that would more than double its stake as part of its expansion strategy. Having purchased a 9.8 percent stake in August to diversify its investment and market position in the region, Omantel said on Monday that it had signed a non-binding ...

Riyadh / Reuters Saudi Arabia’s Public Investment Fund (PIF) said on Monday it is creating a 4 billion riyal ($1.07 billion) ‘fund of funds’ to support the growth of small and medium-sized enterprises (SMEs). The special fund will aim to boost SMEs’ access to capital by investing in venture capital and private equity funds, according to a PIF statement. The ...

Bloomberg Sasol Ltd., the world’s largest maker of fuel from coal, abandoned a plan to sell about 13 billion rand ($950 million ) of shares to meet its obligation to repay debt owed by a black investor group. A decline in the company’s stock since the mid-2014 slump in crude prices precluded payouts to more than 250,000 black South Africans ...