DUBAI / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of UAE and Ruler of Dubai, launched the flagship Dubai Internet of Things (IoT), Strategy, and the Data Wealth initiative to safeguard the emirate’s digital wealth and award Dubai Digital Certificates to outstanding government and private entities. The initiative, which was launched at Smart …

Bloomberg The company that helped build entire neighbourhoods in Dubai plans to sell part of its business in the UAE in an initial public offering. Emaar Properties PJSC, which spearheaded a building boom in the emirate over the past 15 years and built the world’s tallest skyscraper in Dubai, will sell 20 percent of its real-estate development business, according to …

DUBAI / Reuters Abu Dhabi Commercial Bank (ADCB) posted a 9 percent rise in third-quarter net profit on Sunday helped by a rise in net interest and non-interest income. Abu Dhabi’s second-largest bank by assets made a net profit attributable to shareholders of AED1.09 billion ($296 million) in the three months to September 30, up from 999 million a year …

DUBAI / WAM Vice President and Prime Minister of UAE and Ruler of Dubai, His Highness Sheikh Mohammed bin Rashid Al Maktoum, attended the signing of an MoU between Smart Dubai Office (SDO) and Dubai Electronic Security Centre (DESC) to safeguard Dubai’s digital wealth and implement the Dubai Digital Certificates. HH Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown …

FUJAIRAH / WAM National Bank of Fujairah (NBF) announced its results for the nine month period ending September 30, 2017, posting an operating profit of AED228.7 million in the period, a rise of 11.9 percent quarter-on-quarter, and an increase of 5.2 percent for the nine month period compared to 2016. According to a press release from the bank, this reflects …

NEW YORK / WAM The UAE has called on the international community to take into consideration the concerns of young people in implementing the urban agenda and to enhance their effective participation in creating sustainable cities and human settlements suitable for all. In a statement delivered by the UAE youth representatives to the United Nations, Sarah Al Suwaidi and Omar …

DUBAI / WAM Sultan bin Saeed Al Mansouri, Minister of Economy, and N. Chandrababu Naidu, Chief Minister of the Indian State of Andhra Pradesh, have discussed the means of consolidating the joint economic and trade co-operation between the UAE and Andhra Pradesh, by focussing on potential opportunities in the fields of innovation and advanced technology, along with infrastructure, logistical services, …

ABU DHABI / WAM Abu Dhabi Securities Exchange (ADX), the region’s leading financial market will host its annual forum for Abu Dhabi’s listed companies on Tuesday, October 24, at the Rosewood Hotel on Al Maryah Island. The forum is part of ADX’s objectives towards strengthening and developing its strategic partnerships with listed companies, as well as keeping partners up-to-date with …

DUBAI / WAM Suhail bin Mohammed Faraj Faris Al Mazrouei, Minister of Energy and Industry, stated that the people of the UAE are the cornerstone of the country’s development and endeavours to reduce energy and water consumption while increasing the use of solar energy in private properties. In his speech at the annual International Energy Day on Sunday, Al Mazrouei …

DUBAI / WAM The Emirates Authority for Standardisation and Metrology (ESMA) confirmed that 99 percent of fuel metres in the UAE’s petrol stations are faultless in reading and measurement, and the percentage of non-conforming fuel metres at state-level fuel supply stations has dropped to one percent. According to Abdulla Abdul Qader Al Maeeni, Director-General of ESMA, the authority is continuously …