News

  Yerevan / WAM The United Arab Emirates and the Republic of Armenia signed in Yerevan an agreement for promotion and mutual protection of investments. The agreement was signed by Younis Haji Al Khouri, Under-secretary of the UAE’s Ministry of Finance and Garegin Melkonyan, Armenian Deputy Economy Minister, in presence of Artsvik Minasyan, Armenian Economy Minister and Dr Jassem Mohammed Al ...

  Dubai / WAM Saeed Mohammed Al Tayer, MD and CEO of Dubai Electricity and Water Authority (DEWA), received a delegation headed by Abdullah Al Musleh Al Ahbabi, Chairman of Abu Dhabi Water and Electricity Authority (ADWEA), at DEWA’s head office in Dubai. These ongoing visits aim to consolidate cooperation among government organisations in the UAE to identify international best practices. ...

  Al Ain / WAM Abu Dhabi General Services Company, Musanada, has so far completed 32 percent of Al Ain Hospital, which will be handed over to Abu Dhabi Health Services Company – (SEHA). This forms part of Musanada’s efforts to realize the vision of President His Highness Sheikh Khalifa bin Zayed Al Nahyan, and to carry out the projects that ...

  Dubai / Emirates Business The Sovereign Art Foundation launched its coveted Art Prize in the MENA region, the most prestigious art prize for contemporary artists, in association with START. Having executed 12 successful years of Art Prize events in Asia, most notably Hong Kong, this year the competition will arrive in the UAE for the very first time, culminating ...

  Abu Dhabi / WAM A new decree has been set by the Ministry of Human resources and Emiratisation to exempt small and medium-sized enterprises (SMEs) from bank guarantees by the beginning of October 2016. The new decree supports the initiation of fresh projects and classifies them within the ministry’s first category, according to the stipulated conditions. Saqr Ghobash, Minister of ...

  RITIKA SHARMA / Emirates Business Smart machines are set to change the DNA of global workplaces and the UAE will lead the game, IT whizzes believe. After driverless cars, virtual offices and the Museum of Future leading global digital trends, the country is soon expected to become home to robo-bosses. You read it right! Don’t be surprised anymore if ...

  ALKESH SHARMA / Emirates Business Bring Your Own Device (BYOD) is one of the most innovative success mantras that smart enterprises are currently following in the UAE region. Aimed at empowering the workforce through the so-called ‘consumerisation of IT’, BYOD concept gives a freedom to employees to access latest technology and apps. The upcoming ‘BYOD Forum UAE’, in Dubai, ...

  ALKESH SHARMA / Emirates Business The recent pact between online payments network giant ‘PayPal Holdings Inc.’ and leading global financial service provider ‘Visa Inc.’ is likely to reap rich benefits for both multinationals in the UAE. The agreement, which is expected to end the history of animosity between the digital payments company and Visa Inc., was announced this week. ...

  Jeddah / TNS A Saudi-British agreement on free trade will see the light if both countries’ governments agree on its terms. This was stated by Chris Innes-Hopkins, executive director of the Saudi British Joint Business Council, in an interview with Asharq Al-Awsat newspaper. Hopkins said the council was encouraging British investments in Saudi Arabia in particular, with the adoption of ...

  Reuters Libya’s Petroleum Facilities Guard (PFG) will start lifting a blockade on eastern oil terminals over the next three days, though a resumption of exports will depend on the state of the ports, a spokesman said. The PFG, which protects Libya’s oil terminals and fields, has blockaded the major eastern terminals of Ras Lanuf, Es Sider and Zueitina for ...