Abu Dhabi / EMIRATES BUSINESS The Masdar Institute of Science and Technology, an independent, research-driven graduate-level university focused on advanced energy and sustainable technologies, on Wednesday announced that a new fault ride through (FRT) transient management system, which can support the electric power grid during grid faults, developed by a team of its researchers has been issued a patent …

  DUBAI / WAM Obaid bin Humaid Al Tayer, Minister of State for Financial Affairs, has met with Jorg Gasser, Swiss State Secretary for International Financial Matters, to discuss ways to boost mutual cooperation and trade relations. During the meeting, both parties discussed mutual relations in fields of exchange of Information for Tax Purposes, and agreed on the need to …

  Dubai / EMIRATES BUSINESS RAKBANK announced the arrangement of a five-year US$15 million long term loan facility to Seylan Bank, a financial institution based in Sri Lanka. Seylan Bank has secured the loan for general expansion of its portfolio growth in Foreign Currency Banking Unit (FCBU). The long term funding would also assist in further improving the Asset Liability …