News

Bloomberg Carillion Plc plunged the most on record after the British construction company said first-half profit will be lower than expected, dividend payments will be suspended and the chief executive officer has stepped down. Cash flow from some projects has deteriorated, and the board will review all of the company’s major contracts with the help of KPMG, Carillion said in ...

DUBAI / WAM Dubai plans to have a new deep-tunnel sewerage system costing around AED30 billion by the year 2025 as part of the emirate’s efforts to accommodate any future growth and meet long-term needs for used water collection, treatment, reclamation and disposal. Dubbed the ‘Development of the Century’, the project should save millions of dirhams worth of maintenance costs ...

Abu Dhabi / WAM Abu Dhabi’s e-Government will participate in the Esri User Conference (Esri UC), the world’s leading geographic information systems, GIS) event, to communicate, exchange experiences and share knowledge on the latest technologies and innovations in the industry. The conference is organised by the Environmental Systems Research Institute Esri, in San Diego, California from June 10 to July ...

Dubai / Emirates Business Emcredit, a subsidiary of Dubai Economy, has forged a strategic alliance with Network International, the leading payment solutions provider in the Middle East and Africa region, to deliver world-class mobile payment solutions in the UAE. Under a Memorandum of Understanding (MoU) signed between the two entities, Network International will provide advanced acquiring functionality for Emcredit’s next ...

ABU DHABI / WAM As part of its efforts to develop sound and efficient infrastructure for banking systems in the Arab World, the Abu Dhabi-based Arab Monetary Fund (AMF), discussed reports on central banking issues, payment settlement systems and methodologies to promote financial inclusion and stability in the Arab countries. The reports were received by the Arab Committee on Banking ...

ABU DHABI / Emirates Business Abu Dhabi National Insurance Company (ADINC), one of the leading regional multi-line insurance providers for corporates and individuals has been adjudged as the Best Insurance Company at the Banker Middle East (BME) Awards 2017 in Dubai. Commenting on the achievement, Abudlla Al Nuaimi, Executive Vice President – Shared Services at ADNIC said: “ADNIC’s performance in ...

DUBAI / WAM In unison with the Smart Dubai vision, a smart mobility concept has been launched in the emirate to dedicate routes for the movem-ent of smart vehicles at Dubai Silicon Oasis. The initiative is the brainchild of the Roads and Transport Authority (RTA), and Dubai Silicon Oasis Authority (DSOA), the regulatory body for Dubai Silicon Oasis (DSO), the ...

ABU DHABI / WAM Sheikh Nahyan bin Mubarak Al Nahyan, Minister of Culture and Knowledge Development, has said that the large turnout for registration in the past few days for courses and workshops in theatrical arts, music, creative writing, and visual arts, launched by the ministry as part of ‘Cultural Summer’, reflects the trust of parents and students in the ...

ABU DHABI / WAM Abu Dhabi Health Services Company (SEHA) announced the formation of a specialised committee for artificial intelligence (AI), which will work to implement the technology and its applications in medical and operational development. Artificial intelligence is a branch of information technology that refers to the ability of machines to simulate the human mind and perform tasks in ...

DUBAI / WAM The Emirates Wildlife Society in association with WWF (EWS-WWF), announced the relocation of its offices to The Sustainable City (TSC), in Dubai. This latest development comes as part of EWS-WWF’s collaborative partnership with Diamond Developers, when the two joined forces last year in an effort to help reduce greenhouse gas (GHG), emissions and promote greater uptake of ...