DUBAI / Reuters The government of Dubai has completed a project financing worth about $2.45 billion for the extension of the city’s metro rail system, Dubai’s Department of Finance said on Wednesday. The project envisages a 15 kilometre (9 mile) extension of the Dubai Metro’s Red Line, from Nakheel Harbour and Tower station up to the site of the World ...

Bloomberg US stocks swung between gains and losses, the dollar weakened and Treasuries steadied as traders await the Federal Reserve’s first policy decision since Jerome Powell took the helm. The S&P 500 Index fluctuated, while the Dow Jones Industrial Average and Nasdaq Composite Index edged lower. Leisure companies and banks were among the biggest losers in the Stoxx Europe 600 ...

Reuters Saudi Arabia’s stock market rose on Wednesday, lifted by its expected inclusion in the secondary FTSE emerging market index, while United Arab Emirates’ markets were boosted by its top two property companies. The Saudi index gained 0.5 percent to close at 7,762 points, backed by leading stocks that investors expect to attract foreign funds if the FTSE upgrade is ...

Dubai / WAM In his capacity as Ruler of Dubai, His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of UAE and Ruler of Dubai, has enacted two new laws that aim to improve and expand the Dubai International Financial Centre (DIFC’s) already successful private wealth management and succession planning platforms. Both the Trust Law and Foundations ...

Dubai / WAM Qualifiers for the Arab Reading Challenge (ARC), will begin on March 25. Arab students in Arab and foreign countries were invited to participate in this round of the competition, and will start the process of qualifying for the finals. Students from 44 countries, including 14 Arab and 30 non-Arab countries, are participating in the third round of ...

Abu Dhabi / WAM One of the most highly-anticipated events in the country’s entertainment and community calendar, the Mother of the Nation Festival will open on Thursday, and will run until March 31. Taking place at the Abu Dhabi Corniche, the third edition of the annual event, organised by the Department of Culture and Tourism – Abu Dhabi (DCT Abu ...

Abu Dhabi / WAM Under the patronage of HH Sheikh Nahyan bin Mubarak Al Nahyan, Minister of Tolerance, Honorary Chairman of the University Leadership Consortium (ULC), and BUNYAN Initiative for the Capacity-Building of the Youth, the Khalifa Fund for Enterprise Development signed a strategic agreement with ULC, a capacity-building and entrepreneurship hub, in Abu Dhabi on Wednesday. The pact is ...

Abu Dhabi / WAM Noura Al Suwaidi, Director of the General Women’s Union (GWU), congratulated HH Sheikha Fatima bint Mubarak, Chairwoman of the GWU, President of the Supreme Council for Motherhood and Childhood, and Supreme Chairwoman of the Family Development Foundation, on the occasion of Mother’s Day celebrated on March 21. In a statement during a GWU ceremony marking the ...

Dubai / WAM Marking the World Water Day on Thursday, the Emirates Central Cooling Systems Corporation, Empower, announced that it has saved 295 million gallons of potable water in the previous year, equivalent to 537 Olympic-sized swimming pools. World Water Day is a global event that plays an important role in drawing attention to the importance of preserving water. It ...

Abu Dhabi / WAM Abu Dhabi University (ADU), and Knowledge Group (KG), have entered the Guinness World Records for creating the largest notebook mosaic logo in celebration of the Year of Zayed. The record-breaking initiative also coincides with UAE National Month of Reading that is annually marked in March. ADU received the recognition for its record-breaking effort – one of several ...