DUBAI / WAM Hessa Essa Buhumaid, Minister of Community Development, met Akihiko Nakajima, Ambassador of Japan to the UAE, and exchanged views on the UAE’s community development initiatives, and the care for members of society, especially senior citizens. The minister relayed the UAE experience in community care for Senior Emiratis and family cohesion based on diversified policies and legislation following ...

Sharjah / WAM Sharjah Islamic Bank (SIB), reported a six percent increase in its net profit, amounting to AED151.7 million in the first quarter of 2019, compared to AED143.1 million reported for the same period last year. The bank’s total assets reached AED42.8 billion at the end of March quarter with the same level achieved by the end of 2018. Total ...

Abu Dhabi / WAM Abu Dhabi Securities Exchange (ADX), the region’s leading financial market, hosted a delegation from the French Business Group – Abu Dhabi in which the operational framework, vision, mission, and investment opportunities at ADX was highlighted to the delegation. Members of senior management attended the event from both sides. Abdul Aziz Al Neaimi, Assistant Chief Executive of ADX, ...

Dubai / WAM The Mohammed bin Rashid Space Centre (MBRSC), has launched the ‘Hope Generation’ initiative to help schools encourage students to study Science, Technology, Engineering, and Mathematics (STEM), fields and increase their curiosity about space science and exploration. This could be done through lectures, workshops and open meetings by MBRSC’s experts for middle school to high school students, and provide ...

Dubai / WAM Omar Sultan Al Olama, Minister of State for Artificial Intelligence and Deputy Managing Director of Dubai Future Foundation (DFF), highlighted the role of building solid international ties, establishing global partnerships, and employing modern technologies across various industries in supporting the UAE’s efforts in developing the industry of the future. He made these remarks while leading a UAE ...

Bloomberg US oil refiners, in line for a windfall from new ship-fuel rules, are taking steps to lock in the change quickly, concerned it could fall victim to President Donald Trump’s re-election push. Under the new rules, many shippers will switch to low-sulfur fuels, boosting competition and, potentially, increasing the price of diesel, jet fuel and heating oil. The US ...

Bloomberg Russia is preparing for North Korean leader Kim Jong-un’s first summit with President Vladimir Putin, setting the stage for consultations between the long-time allies after Kim’s nuclear talks with the US broke down. Russian officials told a South Korean diplomatic delegation visiting Moscow this week that plans were being made for a summit but offered no details on a ...

Bloomberg Pressure mounted on Sudan’s military rulers to cede power as the African Union echoed protesters’ calls for a swift handover to a civilian government in the wake of long-time leader Omar al-Bashir’s ouster. Demonstrators kept up their carnival-like sit-in outside army headquarters in Khartoum, the capital, for an 11th day, despite an apparent bid to disperse them. The Sudanese ...

Bloomberg French citizens joined global leaders to rally behind Emmanuel Macron in the aftermath of a fire that ravaged the iconic Notre-Dame Cathedral in Paris, giving the French President an opportunity to quell the political volatility that’s embroiled his government. Macron vowed to rebuild the 850-year-old Gothic monument, an issue that’s united the French population across the political spectrum, with ...

Bloomberg Respect among Russians for Joseph Stalin has surged to the highest level of President Vladimir Putin’s era, with 70 percent saying his rule had been good for the country, according to a poll tracking attitudes towards the Soviet dictator. A record 51 percent viewed Stalin positively in March, up from 40 percent a year earlier, the survey by the ...