July, 2018

• 10 July

  AMAF records 11% rise in its investments profits

  Abu Dhabi / WAM The Awqaf and Minors Affairs Foundation (AMAF), issued its financial report for the fiscal year ending December 31, 2017, recording an 11 percent increase in its investments profits it manages to fund its charitable and humanitarian projects. The foundation released the report in line with its commitment to transparency in its operational and financial activities and ...

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• 10 July

  Fewa, Commercial Bank International sign deal

  Abu Dhabi / WAM The Federal Electricity and Water Authority (Fewa), signed an agreement with the Commercial Bank International (CBI), under which the bank will provide bill payment services to its customers through its various branches within and outside the UAE. Commenting on the announcement, Sheikha Murad Al Blooshi, Director of the Revenue and Credit Department, said that the authority ...

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• 10 July

  Expo 2020 becomes first 5G commercial customer in region

  

  Dubai / Emirates Business The UAE has set another benchmark for the early adoption of advanced new technology, with Expo 2020 Dubai becoming the first major commercial customer in the Middle East, Africa and South Asia (Measa) region to access 5G services, through its partnership with Etisalat. The leading UAE telecom provider connected Expo 2020 Dubai to its 5G network, ...

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• 10 July

  UAE ranks first in Arab world in Global Innovation Index

  

  ABU DHABI / WAM The UAE remained in good standing at this year’s edition of the Global Innovation Index (GII) as it ranked number one in the Arab World and ranked 38th globally and 24th in the innovation input pillar. In addition, the country also demonstrated an increase in its innovation output pillar from 56th in 2017 to 54th this ...

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• 10 July

  Reem Al Hashemy lauds efforts of ERC in Yemen

  

  ADEN / WAM Reem bint Ibrahim Al Hashemy, Minister of State for International Cooperation, praised the humanitarian efforts of the Emirates Red Crescent (ERC), to alleviate the hardships of various vulnerable people and communities, especially the brotherly Yemenis, who are suffering the repercussions of the actions of the Houthi militias. She stated that the ERC’s efforts in Yemen have become ...

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• 10 July

  Barakah plant’s unit 3 takes shape

  

  ABU DHABI / WAM The Emirates Nuclear Energy Corporation (Enec), achieved a series of significant milestones in the construction of Unit 3 of the Barakah Nuclear Energy Plant in the Al Dhafra Region of Abu Dhabi. In a press statement, Enec announced the successful completion of major construction works including major concrete pouring, installation of the Turbine Generator, and the ...

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• 10 July

  ‘Media Lab’ launched

  ABU DHABI / WAM The National Media Council (NMC), the regulatory body for the UAE’s dynamic media sector, announced the launch of the ‘Media Lab.’ Established to unify the efforts of media laboratories across the country, the facility forms part of the council’s strategic role in upgrading national media systems and is a tangible result of the UAE Government Annual ...

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• 10 July

  Dubai Chamber sees 106% rise in overseas delegation visits

  

  Dubai / Emirates Business Dubai Chamber of Commerce and Industry has revealed that the number of international delegations it hosted during the first half of this year increased by 106% over the same period last year. The chamber, which represents the interests of Dubai’s business community, announced that it received 721 visiting delegations, compared to 350 for the same period ...

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• 10 July

  Grab aims to build super-app like WeChat to rival Go-Jek

  

  Bloomberg Grab is opening its app to external developers and fellow startups, as the company that bought out Uber Technologies Inc. in Southeast Asia tries to build a WeChat-like super-app that encompasses everything from maps and payments to food delivery. The move underscores the Singapore-based company’s newfound ambition to become an “everyday super-app” that helps millions of users carry out ...

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• 10 July

  Xiaomi gains $6bn in rebound from weak Hong Kong debut

  

  Bloomberg Xiaomi Corp. surged 14 percent a day after its disappointing debut, as investors began to pile into the world’s third-largest listed smartphone maker. The Chinese company surged to a high of HK$19.14 in early afternoon trading, well above its HK$17 initial public offering price, with roughly 347 million shares changing hands. While the stock fell 1.2 percent on debut ...

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