Dubai / WAM The Dubai Chamber of Commerce and Industry (DCCI) announced the top three winners of the 2nd cycle of the Dubai Smartpreneur Competition during the closing ceremony for the 5th ArabNet Digital Summit in Dubai. FriendyCar, a marketplace for borrowing and lending cars, claimed the first-place prize, while second place went to CorporateStack, a web-based solution for managing business ...

Abu Dhabi / Emirates Business The Abu Dhabi Systems and Information Center (ADSIC), the government entity responsible for developing the ICT sector in the Emirate of Abu Dhabi, announced on Thursday that there have been no reports of ‘Ransomware’ cyberattacks across government entities in the Emirate of Abu Dhabi. This comes as hundreds of countries have been under attack by ...

Dubai / WAM ‘Piracy Full Stop’ won the best international movie at the Children’s International Film Festival (CIFF 2017), which concluded at the Higher Technology College in Dubai Academic City. Yousef Ozair Mubarak, Director of the Intellectual Property Rights, IPR, Department at Dubai Customs, awarded the winners in the presence of Ahmed Mahboob Musabih, Director of Dubai Customs. Winchester School’s ...

Dubai / Emirates Business As the UAE dirham completes its 44th year on May 19, the currency celebrates its unified form representing the seven emirates after undergoing several transformations. The 1973 born banknotes began their journey in denominations of 1, 5, 10, 50 and 100, displaying the watermark of an Arabian horse – which was later changed to falcon, the ...

Dubai / WAM Following up on the agreement signed last month, the Dubai Municipality9 (DM) supplied 700 Dubai Lamps to the Roads and Transport Authority (RTA). With the aim of promoting Dubai Lamp, the municipality had signed several agreements with a number of government and private organisations, as well as strategic partners including the RTA. This is the first batch ...

Bloomberg Shale explorers pushing to expand oil production are struggling to find enough fracking crews after thousands of workers were dismissed during the crude rout. Independent US drillers underspent their first-quarter budgets by as much as $2.5 billion collectively, largely because they couldn’t find enough fracking crews to handle all the planned work, according to Infill Thinking LLC, a research ...

Bloomberg Saudi Arabia’s sovereign wealth fund set up a defense company to help reduce the kingdom’s reliance on foreign purchases and to diversify the economy away from oil ahead of a visit by US President Donald Trump. The Saudi Arabian Military Industries, or SAMI, will manufacture products and provide maintenance services across units, including air and land systems, weapons and ...

Bloomberg Iraq is on track for what may be the country’s highest monthly crude exports even as the Middle East nation supports moves to extend OPEC-led production cuts aimed at trimming bloated global inventories. Vessels hauling 62 million barrels of the nation’s crude departed ports in the Persian Gulf and Mediterranean Sea in the first half of May, according to ...

Bloomberg Algeria, the African oil producer that was instrumental in crafting OPEC’s historic output deal last year, said most participating nations back a nine-month extension of the cuts. “Most of the countries support the proposition of Russia and Saudi Arabia to extend,” Algerian Energy Minister Noureddine Boutarfa said in Moscow after talks with his Russian counterpart, Alexander Novak. Algeria also ...

Bloomberg Brazilian equities plunged 10 percent before being halted as political crisis gripped the nation. Losses in US stocks were muted and the dollar rose for the first time in seven days as investors assessed the turmoil in Washington. The S&P 500 Index retreated 0.2 percent, with fresh revelations about undisclosed contacts between Donald Trump’s campaign and the Kremlin adding ...