DUBAI / WAM The 1st cycle of the Mohammed bin Rashid Al Maktoum, MRM, Business Innovation Award, launched by Dubai Chamber of Commerce and Industry in cooperation with the Ministry of Economy, has resulted in the adoption of new innovative strategies among businesses in the UAE and the wider GCC region. Preparations are currently underway to host an awards ...

  DUBAI / WAM Nasdaq Dubai welcomed Wednesday’s listing of US$1 billion Sukuk by Dubai Islamic Bank (DIB), on the region’s international exchange. This brings the total value of DIB’s Sukuk current listings on Nasdaq Dubai to US$4.25 billion, more than any other UAE issuer. DIB’s earlier Sukuk listings include a $1 billion listing in 2013, two listings of $750 ...

  Reuters Most Gulf stock markets rose on Wednesday on the back of strong global equity prices, while Egypt’s bourse continued to pull back on profit-taking, breaking technical support. The Saudi index added 0.6 percent as real estate developer Dar Al Arkan, the most heavily traded stock, climbed 2.5 percent. Utility Saudi Electric rose 2.7 percent. Saudi Arabian Fertilizer Co ...

  Bloomberg More evidence that inflation has taken hold in the US economy spurred bets that the Federal Reserve is clear to raise interest rates as soon as March, fueling a selloff in Treasuries and lifting the dollar. Stocks rose to records as oil reversed losses. The 10-year Treasury yield topped 2.50 percent, while the dollar strengthened against major peers ...

  Abu Dhabi / WAM The Majlis of His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, hosted on Wednesday a lecture by Kent Walker, Executive Vice President of Legal, Policy, Trust and Safety and Google.org at Google. The lecture, held at Al Bateen Palace in Abu Dhabi, ...

  Dubai / WAM The Mohammed bin Rashid Space Centre (MBRSC) and the American University of Sharjah (AUS) have announced the successful launch of Nayif-1, the UAE’s first nanosatellite launched into outer space. The launch occurred at 7.58 in the morning (UAE local time). Nayif-1 takes on added importance as an educational project launched by MBRSC in cooperation with AUS with ...

  Dubai / WAM SAP, a global leader in innovative software solutions, become Expo 2020 Dubai’s first international Premier Partner and will support the delivery of personalised experiences to millions of visitors from around the world. As Expo 2020 Dubai’s newly appointed Innovative Enterprise Software Partner, SAP will co-innovate on real-time technology platforms that enable organisers and exhibitors to instantaneously analyse ...

  Dubai / WAM Dubai Municipality confirmed that more than 85% of the existing buildings and establishments in the Emirate of Dubai comply with the approved planning and construction rules and regulations. “One of the main tasks of the Building Inspection Section in our Buildings Department is the constant control and inspection of all existing buildings and establishments in the Emirate ...

  PARIS / AP France’s presidential race this year is upending every political assumption that has governed the country for decades. And now Emmanuel Macron, a 39-year-old former economy minister who is running an independent, centrist campaign, has a real chance to become France’s next president in the country’s two-round April-May vote. Among the startling events: an incumbent president is ...

  BRUSSELS / AP US Defense Secretary Jim Mattis on Wednesday made clear that the United States was committed to NATO while also reinforcing the Trump administration’s demand that allies pay their fair share. Speaking at his first NATO defense minister’s meeting, Mattis called the alliance “a fundamental bedrock for the United States and for all the trans-Atlantic community.” That ...