SHARJAH / WAM In the first half of 2016, Sharjah Charity International (SCI) spent AED60.4 million in humanitarian, charitable, developmental and services projects for the benefit of poor people in a number of countries across the world. A report on SCI’s foreign aid said that these humanitarian initiatives were carried out as part of the UAE’s policy to support underprivileged ...

  Dubai / WAM The Dubai Customs Training Centre organised, jointly with the Ministry of Economy (MoE) a training workshop on the provisions of the WTO Trade Facilitation Agreement (TFA), to give the employees of Dubai Customs (DC) an insight into the TFA. The workshop facilitator Sultan Ahmed Darwish, Director of Trade Negotiations and WTO, Ministry of Economy, said that “The United ...

  DUBAI / WAM As part of its role in enhancing the competence of UAE nationals, Emirates Central Cooling Systems Corporation (Empower) has launched a summer training programme for Emirati university students to boost their learning process and expose them to latest technologies, innovations and environmental solutions. “The summer programme demonstrates our commitment to our country by training the UAE nationals ...

  Abu Dhabi / Emirates Business Panasonic Avionics (Panasonic) and Yahsat on Wednesday announced the signing of a Memorandum of Understanding (MOU) to explore new ways to offer a broadband connectivity solution serving several mobility markets in the Middle East within the next three to five years. In addition, while final terms are still being negotiated, the MOU allows both ...

  Dubai / Emirates Business Promoting Dubai’s competitive business environment in the Russian market, the Dubai Chamber of Commerce and Industry’s international office in Azerbaijan recently participated in Innoprom 2016, which is the main International Industrial trade fair held in Ekaterinburg and is attended by over 48,000 visitors and 600 participating companies from more than 95 countries of the world. ...

  Bloomberg Not only is the rising market punishing shorts, it’s lifting their favorite targets at a rate that is by some measures three times as great as everything else. As a result, the 50 most-shorted stocks—that is, the ones bears had bet would fall —have instead rallied 16 percent since the end of June, the biggest gain in more ...

  DUBAI / Reuters Stock markets in Qatar and Egypt rose to fresh multi-month highs on Wednesday, following global bourses higher, but Saudi Arabia’s index pulled back as oil gave up some of its recent gains. Doha’s main index added 0.7 percent to 10,996 points, a new nine-month high. Stocks most exposed to foreign capital flows were among the top ...

  DUBAI / Emirates Business Dubai has earned a global reputation for launching unique and spectacular real estate projects, and a Dutch developer hopes the emirate will now provide a successful springboard for stunning floating homes designed to take their owners back to nature. The company, New Living on Water (NLW), will give a Middle East debut to its striking ...

  Dubai / Emirates Business Emirates NBD, one of the leading banking groups in the region, announced the launch of Emirates NBD Pay, a near-field communication (NFC) based mobile contactless payment service that enables customers to make in-store purchases instantly via their mobile banking app. The bank, a front-runner in digital and mobile banking solutions in the UAE, is the ...

  DUBAI / Emirates Business Huge numbers of UAE citizens are risking missing out on valuable cover by neglecting to arrange their travel policies until the last hour, alarming insurance providers of the potential that holiday goers may not understand the value and necessity for these products to ensure a safe and happy vacation. In the midst of the Dubai ...