Bloomberg European Central Bank (ECB) officials must bear in mind their previous premature interest-rate hikes and the market turmoil around the US Federal Reserve’s tapering of bond purchases when they eventually start to tighten monetary policy, Bank of Finland Governor Olli Rehn warned. “The core inflation rate remains low and clearly below the ECB’s price-stability target,” Rehn wrote in a ...

Matera (Italy) / WAM His Highness Sheikh Abdullah bin Zayed Al Nahyan, Minister of Foreign Affairs and International Cooperation, said that the significance of the UAE’s hosting of Expo 2020 Dubai is in that it is the first event of its kind, “not only in the Middle East or the Arab world, but the first in Africa and South Asia ...

MARRAKESH / WAM The UAE Government participated in the 19th Annual Conference of the Arab Organisation for Administrative Development (Arado), in Marrakesh, Morocco. This year’s conference theme was entitled, ‘Requirements for Smart Infrastructure Localisation in Arab Countries to Achieve the 2030 Agenda for Sustainable Development. The conference, held under the patronage of King Mohammed VI of Morocco, discussed the future ...

Emirates Business Abu Dhabi Ports has started work on the city’s dynamic new waterfront space, Marsa Mina, bringing new life to the city’s historic port area at Mina Zayed. To mark the start of construction, the first container to be used for the project was unloaded in the presence of number of Abu Dhabi Ports’ officials. Marsa Mina is scheduled ...

Abu Dhabi / WAM Abu Dhabi General Services Company (Musanada), in collaboration with the Abu Dhabi Department of Education and Knowledge (ADEK), commenced construction of two kindergartens at Zakher and Al Maqam areas in Al Ain. Affirming observation of environmental sustainability requirements and preserving multiple energy resources, Musanada said that the AED85.5 million two kindergartens will have a total built-up area ...

Dubai / WAM The United Arab Bank (UAB), announced a contribution of AED50,000 to support Ajman Club for Disabled. The donation will help People of Determination (people with disabilities) to unlock their potential, prove themselves and overcome their disability. Sheikh Mohamed Al Nuaimi, Deputy Chief Executive Officer of UAB, presented the donation cheque to Dr Marwan Abdul Majeed Ibrahim, Executive ...

Abu Dhabi / WAM The Abu Dhabi National Oil Company (Adnoc), announced on Monday that it has signed a partnership agreement with the Abu Dhabi Motorsports Management (ADMM), to enhance science, technology, engineering and mathematics-related (STEM), learning in Abu Dhabi, in order to support the development of the next generation of skilled workers who will be the driving force of the ...

ABU DHABI / WAM The Mubadala Investment Company on Monday announced that it has recruited over 760 Emiratis, including 12 people of determination, to join its group of companies this year. According to a statement released by the group, the major recruitment drive is part of the company’s ongoing “Train for Work” programme, which was initiated last year to support ...

ABU DHABI / WAM The youngest IBM Watson developer in the world has said that the UAE’s establishment of the Mohamed bin Zayed University of Artificial Intelligence (MBZUAI), is “absolutely critical.” The artificial intelligence (AI) expert from Canada, Tanmay Bakshi, told the Emirates News Agency (WAM), “I feel this is an absolutely critical step to take,” adding that he was ...

DUBAI / WAM In a sign of continuing investor confidence in Dubai and new opportunities arising across diverse economic sectors, the Dubai’s Department of Economic Development (DED), issued 4,057 new licenses for various professional, commercial, industrial and tourism activities in September. According to the Business Registration and Licensing (BRL), sector in DED, 65.2% of the new licences were professional, 33.2% ...