News

  Dubai / Bloomberg Dubai Financial Group LLC is working with Citigroup Inc. to find a buyer for its stake in Omani lender Bank Muscat SAOG after the sale was triggered by an agreement with creditors, according to people familiar with the matter. The 12 percent stake is worth about $300 million based on current market prices, according to data ...

  Ras Al Khaimah / Emirates Business RAK Properties PJSC, Ras Al Khaimah’s biggest property developer listed on the Abu Dhabi Stock Exchange, revealed that its Julphar Residence property – the developer’s 24-floor residential tower on Abu Dhabi’s Al Reem Island – will be completed in Q4 2018. Speaking during this week’s Cityscape Global 2016 — the Middle East’s leading ...

  Dubai / WAM Emirates Airline said on Wednesday it expects high passenger traffic on its flights this upcoming weekend as travellers take advantage of the long Eid Al Adha weekend. Over 160,000 travellers will be passing through Emirates Terminal three from Thursday to Saturday, with consistently high passenger loads from Dubai also expected on September 11 and 12, the Dubai ...

  Abu Dhabi / Emirates Business Etisalat announced on Wednesday that it will offer free UAE WiFi by Etisalat – the telco’s high-speed public WiFi across malls, restaurants and cafes for residents in the UAE during Eid Al Adha period from September, 8-17 . UAE WiFi by Etisalat lets UAE’s residents connect to the Internet using their mobile devices in ...

  Abu Dhabi / WAM Under the patronage of H.H. Sheikh Abdullah bin Zayed Al Nahyan, Minister of Foreign Affairs and International Cooperation and Chairman of Emirates Foundation, the Emirates Foundation has officially launched the 5th edition of ‘Think Science’ competition 2017. The nationwide initiative is designed to empower youth to actively engage with the digital and industrial revolution and sharpen ...

  Abu Dhabi / WAM The UAE Space Agency announced on Wednesday the details of the National Space Sector Policy endorsed recently by the Cabinet chaired by Vice President and Prime Minister and Ruler of Dubai, His Highness Sheikh Mohammed bin Rashid Al Maktoum. The policy aims to build a strong and sustainable space sector in the UAE that supports and ...

  Abu Dhabi / WAM The International Council on Archives (ICA) has chosen Abu Dhabi as the next destination for its quadrennial congress, ICA Congress 2020. The decision was made during the ICA International Congress 2016, which began on September 5 and will conclude on September 10 in Seoul, South Korea. The UAE invited the international body to host the event ...

  Dubai / WAM HH Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of the Board of Trustees at Dubai Future Foundation, re-affirmed the words of Vice President and Prime Minister and Ruler of Dubai, His Highness Sheikh Mohammed bin Rashid Al Maktoum, who said that “the future is to be turned into reality today, ...

  Dubai / WAM Dubai Electricity and Water Authority (DEWA) won ten gold and silver awards at the 13th annual International Business Awards, also known as the “Stevie” Awards. The winners will be honoured during a ceremony in Rome on 21st October. DEWA’s Customer Happiness Division won three Golden Awards in the Best Customer Service category. Abdullah Al Hajri, Executive Vice ...

  RAS AL KHAIMAH / WAM The Federal Electricity and Water Authority (FEWA) will build a solar power plant with capacity to produce 200 megawatts of energy and upgrade power grids by 2025 to meet the increasing demand, said Mohammed Saleh, Director-General of the authority. In a statement to Emirates News Agency (WAM), Saleh said the authority spent AED2.7 billion to ...