News

  Bloomberg BT Group Plc Chief Executive Officer Gavin Patterson faces a significant hit to his compensation after the company reduced its profit outlook in January and tripled a writedown from an accounting scandal in Italy. The board of the former UK phone monopoly is considering clawbacks of past management compensation due to the revised financial results from Italy as ...

  LONDON / AP International environmental groups are warning Britain’s government not to reduce its commitment to fighting climate change and wildlife poaching when it negotiates post-Brexit trade arrangements with other countries. Greenpeace, WWF, and Friends of the Earth have signed a letter to PM Theresa May stressing that environmental protection must remain a priority after Britain leaves the European ...

  Dubai / WAM Dr Thani bin Ahmed Al Zeyoudi, Minister of Climate Change and Environment, issued a press statement on the occasion of the GCC Food Safety Day, marked annually on April 15 by the Gulf Cooperation Council (GCC) states as a special day to shed light on food safety issues and to raise public awareness about the importance ...

  ABU DHABI / WAM The Abu Dhabi City Municipality (ADM) and the Desert General Transport and Clearance Co. have signed a Musataha Agreement, under which the Company will design, build and invest a community market project in Mohamed bin Zayed City, Abu Dhabi, at cost AED172 million. After signing the agreement, Musabbah Mubarak Al Murar, Acting General Manager of ...

  Dubai / WAM The Dubai Women Establishment (DWE) has signed a Memorandum of Understanding (MoU) with Dubai Financial Market (DFM to foster bilateral collaboration and further women’s economic empowerment by encouraging their participation on the boards of listed companies. The move follows directives of HH Sheikha Manal bint Mohammed bin Rashid Al Maktoum, wife of HH Sheikh Mansour bin Zayed ...

  Dubai / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, and Prime Minister of UAE and Ruler of Dubai, urged Arab youth to evolve, adapt and learn to keep pace with a transforming world. In an open letter to the Arab Youth in the inaugural issue of Popular Science Arabia Magazine, he said, “We live in a time ...

  Abu Dhabi / WAM The UAE Telecommunications Regulatory Authority (TRA) and the Department of Economic Development of Dubai (DED) recently signed a collaboration agreement to enhance their co-operation and co-ordination efforts in the field of joint national indicators of the Network Readiness Index (NRI), a key indicator from the World Economic Forum, WEF, to measure how countries are doing in ...

  Sharjah / Emirates Business The ‘Invest in Sharjah’ brand is taking to the air following an agreement between Sharjah FDI Office (Invest in Sharjah) – the FDI office operating under the government of Sharjah – and Air Arabia, the first and biggest low-cost airline in MENA region. Under the terms of the agreement, Air Arabia will place decals of ...

  Abu Dhabi / WAM Abu Dhabi won the hosting rights for the International Pharmaceutical Federation (FIP) World Congress of Pharmacy and Pharmaceutical Sciences 2019, making the UAE the first country in the Gulf Cooperation Council (GCC) region and only the second in the Middle East to hold this important international event, Emirates Pharmacy Society, a member organisation of the FIP, ...

  Abu Dhabi / WAM The Khalifa bin Zayed Al Nahyan Foundation (KF) received a financial donation of AED1 million from Emirates Islamic Bank, in support of its national development and relief programmes. The bank’s donation is in line with the Year of Giving initiative, launched by President His Highness Sheikh Khalifa bin Zayed Al Nahyan to encourage the private sector to ...