Uncategorized

DUBAI / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, received, on behalf of President His Highness Sheikh Khalifa bin Zayed Al Nahyan, an official invitation letter to the 41st Gulf Cooperation Council (GCC) Summit, set to be held in Riyadh, Saudi Arabia, on January 5, 2021. ...

DUBAI / WAM The Ministry of Education is set to launch a virtual programme titled ‘Change Makers’ programme in partnership with EDGE Co. on December 27. The programme, which targets university students in UAE universities, is a series of specialised training programmes aimed at developing skills and enhancing knowledge. Aimed at spreading research and innovation updates in sustainability, diplomacy, technology, ...

Sharjah / WAM Sharjah Charity International (SCI) has announced the launch of its seasonal campaign “Warm Winter”, which is concerned with distributing in-kind aid such as clothes, blankets and heating material to families and the needy to protect them from the winter. The campaign is in coordination with the country’s embassies and their representatives in these countries and through the ...

Abu Dhabi / WAM Khors (Arabic for water creeks), found in the major cities of the UAE, have been transformed from canals that serve fishing and trading activities into bustling tourist waterfronts that offer stunning waterside views, while surrounded by excellent restaurants and leisure facilities. In celebration of the ‘World’s Coolest Winter’ campaign, recently launched in the UAE, the Emirates ...

Bloomberg The UK clinched a historic trade deal with the European Union (EU), avoiding a bitter breakup and preparing the ground for a new relationship with its biggest commercial partner. Negotiators finalised the accord to complete Britain’s separation from the bloc on Christmas Eve, just a week before the country leaves the EU’s single market and customs union. It brings ...

Abu Dhabi / WAM Masdar, a subsidiary of Mubadala Investment Company and a leading renewable energy companies, announced on Wednesday the financial close of the Nur Navoi Solar Project – Uzbekistan’s first successfully-financed independent power producer (IPP) solar project. Loan and guarantee agreements to finance the 100-megawatt photovoltaic plant were signed in a virtual ceremony with representatives from Masdar, Uzbekistan’s ...

Sharjah / WAM The Big Heart Foundation (TBHF), a Sharjah-based global humanitarian organisation dedicated to helping refugees and people in need worldwide, has announced the building of an AED2 million sustainable village in Niger in West Africa, which will be named after the late Sheikh Khalid bin Sultan Al Qasimi. To be implemented in partnership with Sharjah Charity International, the ...

ABU DHABI / WAM Abu Dhabi Securities Exchange (ADX) announced that Zee Stores PJSC, has listed its shares on ADX’s Second Market under the ticker symbol ZS, and trading begins on the shares on Wednesday. The company’s nominal value of share capital is AED 100 million, with each share having a nominal value of AED 1. This is the third listing ...

Dubai / WAM Dubai Economy signed a memorandum of understanding (MoU) with the Emirates Payment Services to enable payments relating to commercial licences through the Empay smart application, the world’s first contactless instant credit lifestyle payment ecosystem. The agreement will enable customers of Dubai Economy to have an instant credit facility and complete licencing transactions within five minutes. Users registering ...

Bloomberg India has been ordered to return over $1.2 billion to Cairn Energy Plc after Prime Minister Narendra Modi’s administration lost arbitration proceedings in a tax dispute, its second defeat since September over such levies. An international arbitration tribunal ruled that India’s tax claim was not valid and asked the government to repay the funds, along with interest, to Cairn. ...