News

  Riyadh / Emirates Business The Middle East is one of the largest importers of French dairy products according to the latest research from the country’s official cheese board, the Centre National Interprofessionnel de l’Economie Laitière (CNIEL). The research puts the Middle East ahead of China (US$354m), North America (US$270m), Switzerland (US$137m) and Australia (US$30m). Edwina Salvatori, Account Director, SOPEXA ...

  ABU DHABI / WAM Emirati women make up for 20 percent of the workforce in the UAE’s nuclear energy industry, the highest rate globally in the nuclear energy sector, a senior official at the Nawah Energy Company, a subsidiary of the Emirates Nuclear Energy Corporation (ENEC), said on Monday. “This strong presence of women in the nuclear sector reflects ...

  ABU DHABI / WAM Valued-added tax (VAT) to be introduced in the UAE in early 2018, will reflect positively on the economy and the government’s financial stability, as the money levied will be used to launch new developmental projects, a senior official said on Monday. “The proposed five percent VAT will be applied to consumption and not on savings ...

  Dubai / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai, stressed the importance of long-term investment in innovation and supporting UAE innovators and enabling them to turn their ideas into innovative projects that benefit people. “Supporting UAE innovators is a key pillar of the future work and efforts ...

  Sharjah / WAM His Highness Dr. Sheikh Sultan bin Mohammed Al Qasimi, Supreme Council Member and Ruler of Sharjah, and President of the University of Sharjah (UoS) on Monday received a delegation from ABET, the US-based Accreditation Board for Engineering and Technology, who are on a visit to the emirate. The parties discussed academic progress being made by the UoS. ...

  Abu Dhabi / WAM An innovation guide for companies operating in the UAE has been launched by the Ministry of Economy to promote a culture of innovation and increase awareness regarding the importance of research and development, R&D, for businesses and the entire economy, the Ministry announced on Monday. The guide, prepared in collaboration with the National Research Centre of ...

  Dubai / Emirates Business Dubai has improved its ranking to claim the 15th position on the second edition of the Dubai Innovation Index, which was released by the Dubai Chamber of Commerce and Industry on the side-lines of the UAE Innovation Week. The survey, launched by the Chamber in cooperation with PricewaterhouseCoopers (PWC), analysed 28 top global innovation cities. ...

  Dubai / Emirates Business Honeywell (NYSE:HON) named the Burj Khalifa as the UAE’s “smartest” building at the Middle East’s first-ever smart building awards presentation at the Innovation Live! Summit today in Dubai. The world’s tallest structure also received the award for the Middle East’s smartest “high-rise residential” building. The summit, an official anchor event of the widely celebrated UAE ...

  Dubai / WAM The Ministry of Climate Change and Environment (MOCCAE) is launching 11 environmental initiatives between November 20-26 to mark the UAE’s second annual Innovation Week, launched by Vice-President and Prime Minister of the UAE and Ruler of Dubai His Highness Sheikh Mohammad bin Rashid Al Maktoum. The Ministry is holding several contests for its employees and public during ...

  London / AFP Facebook on Monday became the latest US tech giant to announce new investment in Britain with hundreds of extra jobs but hinted its success depended on skilled migration after Britain leaves the European Union. The premier social network underlined London’s status as a global technology hub at a British company bosses’ summit where Prime Minister Theresa ...