News

ABU DHABI / WAM Masdar City in Abu Dhabi, one of the world’s most sustainable urban developments, is widely associated with the Masdar Institute of Science and Technology, the world’s first graduate-level university focussing on advanced energy and sustainable technologies. With the successful evolution of its business Free Zone and Investment Zone, the development is also increasingly associated with Abu ...

Abu Dhabi / WAM The Ministry of Foreign Affairs and International Cooperation (MOFAAIC) announced on Thursday that UAE citizens, whose sole purpose of visiting the Republic of India is tourism, can benefit from the E-Tourist Visa scheme (eTV). Citizens of the United Arab Emirates can apply online for eTV which shall be granted through email. The applicants should carry a ...

London / AFP World oil prices slid on Thursday after rallying sharply the previous day following the first drop in US inventories for seven weeks. Around 1700 GMT, US benchmark West Texas Intermediate (WTI) for delivery in May lost 96 cents to $36.79 per barrel. Brent North Sea crude for June delivery shed 93 cents to $38.91 a barrel compared ...

Sharjah / WAM Sharjah Investment and Development Authority (Shurooq) announced that it will silver-sponsor the Annual Investment Meeting (AIM) 2016, the global economic event which is organised annually by the UAE Ministry of Economy in Dubai. The 6th edition of AIM will be held under the theme: ‘The New World of FDI, Key Features and Best Practices’ from April 11-13, ...

Sunaina Rana / Emirates Business Smart homes technology is undergoing boom across the UAE, but at the same time it brings along many apprehensions. Industry experts have rung the security alarm and asked for the secure upkeep of personal details of the stakeholders. They advised the consumers to stay more vigilant while sharing private data with cyber companies involved in ...

Abu Dhabi / OUR CORRESPONDENT Microsoft announced that the UAE will be the founding member of a global initiative called ‘Leading Countries of the World in Transforming Education’, a programme that will bring together trend-setting education ministries and high-level leaders from around the world, to collaborate on the future of learning. The UAE came up as an undisputed leader when ...

DUBAI / WAM Foreign investors purchased AED 1.34 billion worth of shares on Dubai Financial Market (DFM) and sold AED 1.33 billion over the week, DFM said on Thursday. Net foreign investment on the market reached AED 5.2 million, as aggregate buy. Value of shares bought by foreigner investors comprised 42.2 per cent of the total value of stocks traded ...

Abu Dhabi / WAM The UAE, represented by the Ministry of Finance (MoF), presented a new initiative for developing innovative programmes that support Arab countries with the current economic and financial challenges, and contribute to the overall economic development. This initiative falls in line with the support provided by Arab financial institutions to Arab countries in transition, to help them ...

New York / WAM “Despite low oil prices, the trend toward lower-cost renewable energy will continue in the Middle East and North Africa (MENA) region as business confidence grows in the sector’s potential and countries adopt increasingly favourable regulations,” said Bader Al Lamki, Executive Director of Masdar Clean Energy. Al Lamki comments came during Masdar’s participation in the Bloomberg New ...

Abu Dhabi / WAM The UAE, represented by the Ministry of Finance (MoF), presented a new initiative for developing innovative programmes that support Arab countries with the current economic and financial challenges, and contribute to the overall economic development. This initiative falls in line with the support provided by Arab financial institutions to Arab countries in transition, to help them ...