ABU DHABI / WAM The Central Bank of the UAE has signed a Memorandum of Understanding (MoU) with the Reserve Bank of India (RBI) in Mumbai, to consider a Currency Swap Agreement between the two countries. Mubarak Rashed Al Mansoori, Governor of the UAE Central Bank signed the MoU on behalf of the UAE and Governor Dr Raghuram Rajan signed …

Dubai / EMIRATES BUSINESS Mattar Al Tayer, Director-General and Chairman of the Board of Executive Directors of Roads and Transport Authority (RTA), revealed that the total expenditure budget approved for RTA in 2016 amounted to AED7.609 billion comprising an Operational Budget in the order of AED3.913 billion, and an Infrastructure Projects Budget estimated at AED3.696 billion.

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, has announced the successful initiation of its Concentrated Solar Power on Demand Demonstration pilot at the Masdar Institute Solar Platform. The demonstration is intended to show that the novel single-tank thermal energy storage system may prove …