News

  Reuters Egypt’s central bank is expected to raise interest rates on Thursday, a Reuters poll showed, in an attempt to fight inflation and attract foreign investment as the country pushes through with economic reforms. Egypt has been struggling with a shortage of foreign currency since the 2011 uprising drove away tourists and foreign investors — two major sources of ...

  Dubai / WAM The CEO Advisory Council of the UAE Banks Federation, the professional body representing 49 banks in the UAE, has welcomed the bankruptcy law, and recognised the mutual benefit it will bring to banks and owners of businesses, especially the Small and Medium Enterprises (SMEs). This came up during the council’s third meeting of the year held ...

  DUBAI / WAM Dubai has become the world’s largest Sukuk listing centre by value, after Emaar Properties has listed a US$750 million Sukuk on Nasdaq Dubai, raising the total value of Sukuk listed in the emirate to US$45.55 billion. A US$500 million Sukuk issued by Emaar Properties in July 2012 is also listed on the exchange. So far this ...

  Sharjah / Emirates Business The Sharjah Foreign Direct Investment, (Sharjah FDI Forum 2016) will highlight the strategic trade relations between the UAE, the UK and mainland Europe. Taking place on September 28-29 at Al Jawaher Reception & Convention Centre, the two-day Sharjah FDI Forum 2016 forms part of Shurooq’s efforts to introduce international investors and industry leaders to Sharjah ...

  DUBAI / WAM Propelled by its keen belief in supporting global efforts for protection of wildlife, Dubai Customs (DC) World took the lead in establishing a national taskforce to sustain wildlife. The new team gathers representatives from DP World, United for Wildlife – UAE, Emirates Wildlife Society in association with World Wildlife Fund and United for Wildlife partners. The ...

  Abu Dhabi / Emirates Business Abu Dhabi Airports Company has become the latest global brand to partner with the Asian Football Confederation (AFC) after agreeing an exciting new deal to support the AFC’s national teams and club competitions. The agreement was formally signed by HE Shaikh Salman bin Ebrahim Al Khalifa, the AFC President, and Abu Dhabi Airports Company ...

  MARGARITA ISLAND / WAM “The UAE stands firmly against all forms of terrorism and religious extremism that destroy the social fabric of society, affect national harmony and threaten global peace and security,” said Dr Thani bin Ahmed Al Zeyoudi, Minister of Climate Change and Environment, at the 17th meeting of the Non-Aligned Movement (NAM), being held in Margarita, Venezuela. Making ...

  Dubai / WAM In his capacity as Ruler of Dubai, His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE, on Sunday issued Law No.10 of 2016 partially amending Law No.13 of 2009, regarding the establishment of the Hamdan bin Mohammed Smart University (HBMSU). The new law amends Article No. 11 of Law No.13 ...

  New York / WAM The UAE supports the least developed countries in the region to help them move to IPv6, the sixth revision of the Internet Protocol, Director-General of the Telecommunications Regulatory Authority, Hamad Al Mansouri said. While meeting Houlin Zhao, Secretary-General of the International Telecommunication Union (ITU), Al Mansouri said that the annual report of the Broadband Commission for ...

  HADRAMAUT / WAM The Emirates Red Crescent (ERC) distributed 20 tonnes of medicines to public hospitals in Hadramaut Valley as part of the UAE’s continuous support for the Yemeni healthcare sector. The agency delivered the medical aid to three hospitals in the towns of Tarim, Seiyun and Qatan, in the presence of local government officials. Esam Habreesh, Under-Secretary at the Governorate ...