News

  Dubai / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister of UAE and Ruler of Dubai, on Tuesday watched the 4th stage of the Dubai International Cycle Tour. HH Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Khalifa Saeed Sulaiman, Director General of Dubai’s Protocol Department, also witnessed the race from ...

  Abu Dhabi / WAM After almost four decades of operating in the UAE, Siemens has quantified its contribution to society through its operations in a report entitled, “In the UAE, for the UAE – Making real what matters”. The findings illustrate the company’s commitment to the country in line with the UAE’s vision for a diversified, sustainable future. Through its ...

  Abu Dhabi / WAM Ordnance Survey (OS) International, the global arm of the United Kingdom’s (UK) mapping agency, and space systems provider, Deimos Space UK, will work with Dubai’s space centre to help the UAE improve its planning and managing of its natural resources and infrastructure. OS International will help develop a single source for digital geospatial data for the ...

  Dubai / WAM Passenger traffic at Dubai World Central, DWC, Dubai’s second international hub, witnessed a strong surge in 2016, climbing 84.5 percent according to the traffic report issued by operator, Dubai Airports, on Tuesday. DWC welcomed a total of 850,633 passengers in 2016, up 84.5 percent compared to 461,063 passengers recorded in 2015. During the fourth quarter, passenger traffic ...

  Astana / WAM Dr Mohamed Ahmed bin Sultan Al Jaber, the UAE Ambassador to Kazakhstan, and Beibut Atamkulov, Kazakh Minister of Defence and Aerospace Industry, have discussed cooperation between the two countries in the defence industries field. During the meeting, held at the ministry in Astana, the UAE envoy highlighted the recent visit of the President of Kazakhstan, Nursultan Nazarbayev, ...

  Dubai / Emirates Business Emaar Malls, the shopping malls and retail business majority-owned by global property developer Emaar Properties, recorded a net profit of AED 1.874 billion during 2016, an increase of 13 per cent over the full-year 2015 net profit of AED 1.656 billion. FY 2016 revenue recorded a growth of 8 per cent to AED 3.227 billion ...

  Abu Dhabi / WAM The Board of Directors of the UAE Central Bank has reviewed the bank’s Q4 Report for 2016, which covered various banking related issues. The first meeting in 2017, held under the chairmanship of Khalifa Mohammed Al Kindi, Chairman of the Board, reviewed a report from the Monetary and Reserve Management Department, which included systemic prudential ratios ...

  Abu Dhabi / WAM The Masdar Institute of Science and Technology, the independent, research-driven graduate-level university focused on advanced energy and sustainable technologies, announced that its research team, one of the inaugural recipients of the US$5 million grant from the UAE Research Program for Rain Enhancement Science last year, has filed a provisional patent with the United States Patent and ...

  Bloomberg Nintendo Co. reported quarterly profit above projections and increased its outlook for the year, but anemic sales highlighted how important it is for the company’s new Switch console to succeed. A weaker yen and brisk holiday sales helped the Kyoto-based game maker deliver profit of 64.7 billion yen ($569 million) for the period ending in December, exceeding analysts’ ...

  Bloomberg Komatsu Ltd., the world’s No. 2 supplier of construction equipment, said industry-wide demand from miners fell 13 percent in the last quarter, signaling that the rebound in commodities prices is yet to feed through into better sales of the giant trucks and excavators used in extracting minerals. The Tokyo-based company, which also supplies builders and produces industrial machinery, ...