DPA The heroes of Africa’s highest mountain like to call themselves Wagumu – “soldiers” in Swahili. On Mount Kilimanjaro, they perform the same role as the sherpas in the Himalayas: tireless burden bearers hauling baggage and equipment to the base camps for visiting mountaineers – through rainforest, scree and ice fields. For decades, it was a world dominated by ...

  DUBAI / WAM Dubai Financial Market (DFM) on Monday announced that its 47 UAE-listed companies showed a 100 percent compliance to disclose their Q2- 2016 results within the deadline of 45 days from the end of the quarter. In a statement, the DFM said it submitted a detailed report to the Securities and Commodities Authority (SCA) including the companies’ ...

  DUBAI / WAM Dubai Electricity and Water Authority, (DEWA) announced the installation and launching of the main 400 kilovolt (kV) power transformer, in addition to a number of other projects worth a total cost of AED197 million, at the Hassyan Clean Coal Power Plant. Saeed Mohammed Al Tayer, MD and CEO of DEWA, said, “This project supports the Dubai ...

  ABU DHABI / WAM President His Highness Sheikh Khalifa bin Zayed Al Nahyan sent a congratulatory cable to Shri Pranab Mukherjee, President of India, on the occasion of his country’s Independence Day. Vice President and Prime Minister and Ruler of Dubai, His Highness Sheikh Mohammed bin Rashid Al Maktoum, and His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown ...

  RAS AL KHAIMAH / WAM Ras Al Khaimah Free Trade Zone (RAK FTZ) and Ras Al Khaimah Investment Authority (RAKIA) have opened submissions for the third RAK Free Zones Business Excellence Awards, set to take place on January 19, 2017. With the commitment to expanding competition and involving more industries, this year’s awards programme will also include the businesses ...

  Abu Dhabi / Emirates Business The UAE showed a significant improvement in its innovation standing on the 2016 Global Innovation Index which was officially launched today at a press conference held at the European headquarters of the United Nations in Geneva, Switzerland. The UAE ranked first among Arab countries and 41st worldwide in terms of overall performance on the ...

  SHARJAH / WAM Sharjah Chamber of Commerce and Industry (SCCI) is allocating 50 new offices, which are fully equipped with facilities and part of the chamber’s Incubate Business Programme recently-launched by Sharjah Economic Excellence Network “ShjSEEN.” The plan aims at providing an inspiring environment for business entrepreneurs, who possess creative ideas and innovative projects to be executed in the UAE, ...

  Abu Dhabi / WAM The Emirates Red Crescent (ERC) is implementing a relief programme to assist people affected people by the floods and rains in Sudan as per the directives of H.H. Sheikh Hamdan bin Zayed Al Nahyan, Ruler’s Representative in the Western Region and chairman of the foundation. The UAE delegation left the country today heading for Khartoum to ...

  Abu Dhabi / Emirates Business The Ministry of Health and Prevention (MOHAP) warned the public about the proliferation of false and unfounded information of certain medicines that are currently being widely disseminated across various social media channels like Facebook, and Twitter. His Excellency (H.E.) Dr. Amin Hussain Al Amiri, Assistant Undersecretary for Medical Practice and Licensing Sector, MOHAP, has ...

  Washington / Bloomberg Treasuries are falling behind corporate bonds in a reversal from last year, as the US economy shows signs of improvement and oil prices stabilize following a rout. Investors are willing to accept as little as 216 basis points of extra yield to buy company debt instead of Treasuries, the smallest spread in more than a year, ...