July, 2018

• 28 July

  UAE, India sign deal for $20bn AI benefits

  

  NEW DELHI / WAM The UAE and Invest India have on Saturday signed a Memorandum of Understanding for the India – UAE Artificial Intelligence Bridge which is dedicated to spur discussion and explore options for both countries to grow their artificial intelligence economies. This partnership will generate an estimated $20 billion in economic benefits during the next decade. Omar bin Sultan ...

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• 28 July

  Arab Bank group profit up 5%

  

  DUBAI / Emirates Business Arab Bank Group reported net income after tax for the six months period ended June 30 of $436 million compared to $415 million in prior period, recording a growth of 5%. The Group’s net income before tax grew by 6.4% to reach $582 million with net operating income reaching $ 668.5 million and recording a solid ...

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• 28 July

  Gems of ‘Emirati culture’ to be in focus at Sao Paulo book fair

  

  SHARJAH / WAM In observing its premier status as Sao Paulo International Book Fair’s first-ever guest of honour, at its 25th edition, which runs from August 3-12, Sharjah will be putting its best foot forward in showcasing the gems of Emirati culture, with a special focus on their achievements in the past four decades. Sharjah’s pavilion at the book biennial ...

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• 28 July

  Founder’s Memorial attract 28,000 visitors since public opening

  

  ABU DHABI / WAM More than 28,000 people visited The Founder’s Memorial in Abu Dhabi, since its public opening on April 22, becoming one of the major landmarks of the emirate. The Memorial is a permanent national tribute to the Founding Father, late Sheikh Zayed bin Sultan Al Nahyan, and represents a window for the visitors to learn about life ...

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• 28 July

  VP names new board members of DIEDC

  DUBAI / WAM In his capacity as Ruler of Dubai, His Highness Sheikh Mohammed bin Rashid Al Maktoum, the Vice President and Prime Minister, has issued Decree No. (24) of 2018 appointing and replacing members of the Board of the Dubai Islamic Economy Development Centre (DIEDC). According to the Decree, the Chairman of the Board of the Awqaf and Minors ...

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• 28 July

  UAE-China Week to be held annually

  

  ABU DHABI / WAM The Ministry of Culture and Knowledge Development and the Public Diplomacy and Culture Directorate at the Ministry of Foreign Affairs and International Cooperation, have announced to hold the UAE-China Week annually. The events will take place in the UAE and China in celebration of the cultural relations and will highlight features of local heritage of the ...

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• 28 July

  ‘Sharjah Finance’ receives Adam Smith Award 2018

  

  Sharjah / WAM The Sharjah Finance Department has won the ‘Best in Class Treasury Solution in the Middle East’ award by the Adam Smith Awards 2018 for the outstanding achievement in reducing processing times and savings in operational cost. Waleed Al Sayegh, General Director of Sharjah’s Central Finance Department, received the prestigious award at the Sharjah Central Finance Department from ...

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• 28 July

  Dewa organises 5th Future Engineer summer camp

  DUBAI / WAM Dubai Electricity and Water Authority (Dewa), is organising the 5th Future Engineer camp for its employees’ children aged between 12-15. This is part of Dewa’s efforts to achieve its vision to become a sustainable innovative world class utility and its role in enhancing creativity and scientific innovation among the younger generation. The camp will be held at ...

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• 28 July

  UAE receives banner as host of ‘down syndrome congress 2020’

  

  GLASCOW / WAM The Minister of Community Development, Hessa Essa Buhumaid, received the banner as the host of the World Down Syndrome Congress 2020 amidst applauds during the concluding session of the triennial World Down Syndrome Congress (WDSC), in Glasgow, Scotland. The UAE will be the first country in the Middle East and North Africa to host the international conference, ...

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• 28 July

  Hillhouse, KKR weigh $14bn Yum China deal

  

  Bloomberg Hillhouse Capital and KKR & Co. are among firms exploring a potential acquisition of Yum China Holdings Inc., the $14 billion US-listed operator of KFC and Pizza Hut brands on the mainland, people familiar with the matter said. The private equity firms are talking to banks about financing for a possible deal, said the people, who asked not to ...

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