SHARJAH / WAM His Highness Dr Sheikh Sultan bin Muhammad Al Qasimi, Supreme Council Member and Ruler of Sharjah, opened the highly anticipated 14th annual Sharjah Children’s Reading Festival (SCRF 2023) on Wednesday. The region’s largest festival of its kind dedicated to stimulate creativity in young minds and bring them closer to books, runs for 12 days until May 14 …

Dubai / WAM Tecom group PJSC, (the group), the creator of specialised business districts and vibrant communities, on Wednesday announced its financial results for its fiscal 2023 first quarter ended on March 31. The group delivered a strong financial and operational performance, reporting a 6% year-on-year (YoY) increase in revenues to AED514 million and a 34% YoY increase in net …

ABU DHABI / WAM Edge, one of the world’s leading and fastest-growing advanced technology and defence groups, will be participating for the first time at Defea 2023, which will take place in Athens, Greece, from May 9-11. The group will showcase its diverse product portfolio, with a clear focus on autonomous systems and smart weapons, highlighting Edge’s technologically advanced defence …

ABU DHABI / WAM The UAE has climbed five places in the annual United Nations’ Technology and Innovation Report, which ranks countries according to their readiness to use, adopt and adapt a range of frontier advanced technologies with a focus on green innovation. The UAE was ranked 37th in the 2023 edition, titled ‘Opening green windows: Technological opportunities for a …

WASHINGTON / WAM Dr Thani bin Ahmed Al Zeyoudi, Minister of State for Foreign Trade, has led a UAE delegation of government officials, business leaders and investors to the SelectUSA Investment Summit, the largest event in the US for the promotion of foreign direct investment. At the event, which was held in Maryland, the delegation engaged with corporate leaders, industry …

DUBAI / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, directed the support of Sudanese people stranded in the country due to the ongoing conflict in Sudan, and providing their needs. His Highness Sheikh Mohammed directed the immediate support and follow-up of the Sudanese people stranded in …

ABU DHABI / WAM  Under the patronage of His Highness Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Chairman of the Abu Dhabi Executive Council, the 12th Annual Investment Meeting (AIM Global 2023) will commence on May 8. With the support of strategic partners the Ministry of Industry and Advanced Technology and the Abu …

BLOOMBERG The UK is proposing “significant changes to the listing rulebook” in a bid to make London more attractive as a financial centre with its moribund capital markets stoking fears about the city’s ability to compete with New York and Asian hubs. The Financial Conduct Authority (FCA) wants to replace its premium and standard listing categories with a single offering …

BLOOMBERG For decades, Europe’s commodity traders have avoided being regulated on par with other financial firms. A new proposal currently working its way through the European Union (EU) legislative system could change that. As part of a package updating its landmark MiFID II regulations on financial markets, the European Parliament has proposed to review its “ancillary activities exemption,” according to …

BLOOMBERG CVS Health Corp cut its earnings forecast for the year as it looks to pay for two major acquisitions that are central to its strategy of broadening its health-care services. Adjusted profit for 2023 will be $8.50 to $8.70 a share, Woonsocket, Rhode Island-based CVS said in a statement, a decrease of 20 cents across the range from its …