News

  Dubai / Emirates Business As part of its efforts to build the capabilities of the next generation of Emirati scientists, the Mohammed bin Rashid Space Centre (MBRSC) announced its call of the Research Grant Program. The program aims to promote research and studies related to space science in the UAE. Those from the UAE community willing to participate in ...

  Sharjah / Emirates Business “Horouf,’ the innovative educational imprint of Kalimat Group, a publishing house dedicated to printing and distributing quality children books in Arabic, will hold a winter camp for children. Titled ‘Shitaa Bil Arabi’ (Winter in Arabic), the event, which has been established to offer youngsters fun and educational activities throughout the winter holidays, will take place ...

  Dubai / WAM In his capacity as Ruler of Dubai, Vice President, Prime Minister, His Highness Sheikh Mohammed bin Rashid Al Maktoum approved the Government of Dubai’s Budget Law No. (17) for the year 2016 for the emirate’s 2017 general budget, with AED47.3 billion expenditure, according to the new budget classification. Issued earlier this year, the Financial Regulations for the ...

  Dubai / WAM Emirates NBD, a leading bank in the region, on Wednesday announced that it has been named The Banker’s ‘Bank of the Year – UAE 2016’. The awards, considered among the most prestigious by the global banking community, recognise Emirates NBD’s strong financials and pioneering approach to the digitalisation of banking. In awarding the top UAE title to ...

  Dubai / WAM Dubai Customs has recently launched the ‘Drug Smart Encyclopaedia’, the latest innovation by the Customs Training Centre at Dubai Customs, in cooperation with the Ministry of Interior, represented by the Federal Police School in Sharjah. The encyclopaedia is the first of its kind worldwide and includes all types of drugs illustrated by information, images and videos, with ...

  Abu Dhabi / WAM In a move that extends its reach across East Africa, Etihad Airways, the national airline of the United Arab Emirates, on Wednesday announced that it has entered into a codeshare agreement with Precision Air, Tanzania’s leading domestic airline. Under the new codeshare agreement, Etihad Airways will place its EY code on Precision Air flights between Dar ...

  Abu Dhabi / WAM In line with its commitment to cooperate with relevant entities in undertaking its regulatory role, the UAE’s Federal Authority for Nuclear Regulation (FANR) signed a Memorandum of Understanding (MoU) with the Insurance Authority. The MoU promotes the exchange of information between the two entities and cooperation in the assessment and evaluation of insurance policies and sources ...

  San Francisco / AFP Volkswagen has reached a $1 billion agreement with US authorities on a compensation deal for the last 80,000 vehicles affected by its emissions-cheating scandal in the United States, officials said. However, a Justice Department official said a criminal investigation is ongoing, and charges may still be filed against the company — which could bring new ...

  Bloomberg Nike Inc. posted second-quarter results that surpassed analysts’ estimates, soothing concerns that the world’s largest sports brand is losing ground to competitors such as Adidas AG and Under Armour Inc. Profit was 50 cents a share in the period, which ended Nov. 30, Nike said in a statement. That compared with the 43-cent average of analysts’ projections. Sales ...

  Bloomberg UK house-price inflation will slow in 2017 as affordability stretches potential buyers, according to the Royal Institution of Chartered Surveyors. Values will rise just 3 percent and the number of transactions will see a moderate decline, RICS said in a statement on Wednesday. That compares with a year-on-year price increase of 6.9 percent in October, according to the ...