Sharjah / Emirates Business The Big Heart Foundation (TBHF) signed an agreement with Nadia’s Initiative, founded by Nadia Murad, co-recipient of this year’s Nobel Peace Prize, to support the Initiative’s global advocacy efforts to rebuild Sinjar and enable the safe return of internally displaced Yazidis back to their homes. The UAE-based global humanitarian charity has pledged a $216,000 financial grant ...

DUBAI / WAM In his capacity as Ruler of Dubai, His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE, issued a new Employment Law for the Dubai International Financial Centre (DIFC). The newly-enacted Law No. 02 of 2019 compliments the DIFC’s commitment to international best practice, addressing key issues such as paternity leave, ...

ABU DHABI / WAM A high-profile delegation from the Abu Dhabi Department of Energy (DoE), led by the DoE’s Chairman Awaidha Murshed Al Marar, is visiting the Australian state of Victoria this week to expand cooperation and reinforce strategic partnerships in energy between Abu Dhabi and other countries of the world. The visit will see the delegation meet with officials ...

RAS AL KHAIMAH / Emirates Business Ras Al Khaimah Tourism Development Authority (RAKTDA) has further strengthened its position in Europe with a multi-city roadshow in the UK and Germany that brought together more than 370 tour operators and travel agents. In a bid to attract 1.5 million visitors by 2021, increased emphasis has been put on growing further awareness of ...

Berlin / WAM The United Arab Emirates and Germany have reaffirmed their joint commitment to the fight against terrorism and violent extremism, in all its forms, at both regional and international levels. In a joint statement issued on Wednesday on the occasion of the visit of His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and ...

Abu Dhabi / WAM The Central Bank of the UAE (CBUAE), in coordination with the Higher Sharia Authority (HSA), hosted a workshop on centred around Islamic finance inviting major financial stakeholders of the UAE. The session was first of many sessions within the newly launched Executive Programme, a platform designed for sharing knowledge and expertise in areas of mutual interest ...

Abu Dhabi / WAM The Khalifa bin Zayed Al Nahyan Foundation signed an agreement with the Electricity and Energy Ministry of the Republic of Yemen to implement a power plant in Aden at a cost of $100 million. The agreement is part of the continuous programme implemented by the UAE to support the electric power sector in Aden. The agreement ...

DUBAI / WAM Saeed Mohammed Al Tayer, MD and CEO of Dubai Electricity and Water Authority (Dewa), and a delegation from Abu Dhabi Future Energy Company (Masdar), have discussed ways of developing their partnership on renewable and clean energy, and the various plans and projects that support the objectives of the UAE Centennial 2071. At the meeting, which was held ...

Bloomberg Eskom Holdings SOC Ltd should quit coal-fired generation over the next 20 years, Greenpeace Africa said, even as the beleaguered South African power utility presses ahead with new plants. Such a shift would require a massive overhaul at Eskom since coal-fed power is the backbone of its fleet, with two new stations currently under construction. But the debt-strapped utility, ...

Bloomberg US tech shares slumped as concern about trade tensions blunted optimism that slower-than forecast inflation would allow the Federal Reserve to cut rates. Treasuries climbed and oil fell. Chipmakers were among the worst performers as the S&P 500 Index slipped, with defensive sectors like utilities faring the best. The tech-heavy Nasdaq 100 declined the most in a week. The ...