Abu Dhabi / WAM First Abu Dhabi Bank (FAB), launched ‘payit’, the country’s first fully-featured digital wallet, in support of the UAE’s goal to become a cashless economy. The safe and secure service is available to anyone with a valid Emirates ID. Using ‘payit’, Emiratis and residents can send and receive money instantly 24/7, make payments through merchant partner apps, ...

Abu Dhabi / WAM Sultan bin Saeed Al Mansouri, Minister of Economy and Chairman of the Emirates Authority for Standardisation and Metrology (ESMA), inaugurated the interactive Halal map, the first of its kind worldwide, on Monday in Dubai. The minister confirmed that the United Arab Emirates is currently leading global efforts to assess the size of the Islamic economy sector ...

Abu Dhabi / WAM A total of 34 cyberattacks against government and private sector entities in UAE were foiled by Telecommunications Regulations Authority (TRA) during January 2018, against 136 in the same month last year. The attacks were carried out from outside the country, 16 of which were classified as fraudulent offensives, eight as data breaches, three aimed at defacing ...

Abu Dhabi / WAM The Department of Economic Development (DED), in Abu Dhabi shut down 15 commercial facilities in the emirate during the month of January due to price hikes on goods. The step was taken as part of department’s continuous efforts to follow up on the implementation of the circulars issued earlier regarding the utilisation of the value added ...

Bloomberg European shares failed to carry forward a rally from Japan and the US, where the S&P 500 index notched its best week in five years. Oil climbed while the dollar advanced against most major peers. The Stoxx Europe 600 index slipped as auto and consumer stocks dropped. That contrasted with Asia, where equities built on their best week since ...

Reuters Gulf stock markets were sluggish on Monday, with a dividend cut pulling down major Abu Dhabi-listed financial firm Waha Capital, but Egypt’s bourse rose on the back of a gain by its biggest bank. Equities in the Gulf rallied along with oil late last year and Saudi Arabia saw its largest-ever inflow of equity funds last month. But Brent ...

ABU DHABI / WAM The third editions of Unmanned Systems Exhibition and Conference (UMEX), and Simulation Exhibition and Conference (SimTEX), will run from February 25-27, at the Abu Dhabi National Exhibition Centre (ADNEC), under the patronage of His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces. Organised ...

Abu Dhabi / WAM The UAE has achieved top rankings across nine economic indices covering economic affairs in a series of recently released global competitiveness reports and indices for 2017 and 2018. The Ministry of Economy revealed that these achievements are part of its continuing efforts to achieve the set goals of the government’s ‘Number One Challenge’ project, which aims ...

Dubai / Emirates Business Dubai Wholesale City (DWSC), the global hub for trade and manufacturing, is showcasing its latest comprehensive products and services portfolio catered to the food industry at Gulfood 2018, the world’s largest annual food trade show. DWSC significantly expanded its offering to the food industry with the launch of Dubai Food Park (DFP) in July 2017, and ...

DUBAI / WAM Saeed Mohammed Al Tayer, MD & CEO of Dubai Electricity and Water Authority, DEWA, and Mahesh Ramanujam, CEO of the US Green Building Council (USGBC), and Green Business Certification, have discussed ways to enhance cooperation in innovation, renewable energy, climate change and sustainability. Al Tayer presented DEWA’s renewable and clean energy and sustainability projects that are aligned ...