Dubai / Emirates Business The UAE Vision 2021 aims to reduce traffic casualties from about six per 100,000 people to three per 100,000. I-Insured, the retail unit of the largest insurance group in the MENA region on Monday launched an artificial intelligence (AI) based SafeDriver Pay-How-You-Drive (PHYD) app that aims to meet this vision and reduce traffic accidents significantly. The ...

DUBAI / Emirates Business Emirates, the world’s largest international airline, announced on Monday that it will introduce the first scheduled commercial Airbus A380 service to Hamburg. To commemorate the inaugural arrival in Hamburg on October 29, the A380 will be deployed on the morning service (EK059/EK060), while from October 30 the A380 will be regularly deployed on the afternoon service ...

Dubai / WAM As part of its contribution to the Dubai 10X initiative, the Dubai Land Department (DLD), has announced the introduction of the Real Estate Self Transaction ‘REST’, a platform for conducting real estate trading and transactions with multiple parties, anywhere and anytime. The new platform enables the complete digital management of real estate transactions, eliminating paper documents and ...

Abu Dhabi / WAM The UAE has responded quickly, since the tropical Cyclone Mekunu hit the Yemeni island of Socotra, to rescue residents and assure they receive all the medical care needed. Seventeen injured Yemenis were evacuated from Socotra to the UAE, along with their escorts, for medical treatment, in implementation of the directives of the President His Highness Sheikh ...

Dhale / WAM Eight envelopes containing tenders for projects to restore seven schools, as well as another project to build the Education College Hall in Yemen’s Dhale Governorate, were opened, which are supported by the Emirates Red Crescent (ERC), as part of its Year of Zayed initiatives. During the meeting, which was chaired by Major General Ali Muqbel, Governor of ...

Dubai / WAM The Ministry of Climate Change and Environment (MoCCAE), and Fish Farm LLC have installed 300 artificial caves made of eco-friendly materials across 30 sites, stretching from Al Baiya Island in Fujairah to Loulouiya Harbor in Sharjah, to enhance fish stocks in UAE waters. The installation sites were carefully chosen in proximity to the country’s coasts with the ...

Abu Dhabi / WAM The Department of Urban Planning and Municipalities (DPM), announced the opening of Hudayriat Recreational Beach, which offers residents and visitors the chance to enjoy a multitude of leisure and sports facilities, while spending quality time with family and friends. The beach is located on the 3,000-hectare Hudayriat Island, which is south-west of the Abu Dhabi main ...

Dubai / WAM The sixth Islamic Economy Award (IEA), ceremony will take place on the sidelines of the fourth Global Islamic Economy Summit (GIES 2018), which will run from October 30-31, in Dubai. The award highlights the most innovative initiatives that drive economic development in line with the core principles of the Islamic economy – responsibility, sustainability and positive impact on society. ...

Bloomberg PetroChina Co. rallied the most in two years after regulators unveiled a new gas market policy that harmonises prices for different users and is seen as an earnings boost for the nation’s biggest producer and importer of the fuel. The company’s Hong Kong-traded shares closed 6.5 percent higher in reaction to an announcement that the pricing mechanism for gas ...

Bloomberg Sliding oil prices are eroding the buffers that helped Russia withstand the emerging-market retreat. Investors are pulling cash from the biggest exchange-traded fund tracking Russian assets at the fastest pace in almost a year. Redemptions from the VanEck Vectors Russia ETF, which invests in oil and gas companies including Gazprom PJSC, Rosneft PJSC and Lukoil PJSC, reached $88.9 million ...