March, 2018

• 25 March

  ‘Artificial Intelligence is key to building sustainable future’

  

  Abu Dhabi / WAM Omar bin Sultan Al Olama, Minister of State for Artificial Intelligence, has participated in a seminar entitled, ‘The Artificial Intelligence Revolution’. The seminar was among several events organised by the Ministry of Culture and Knowledge Development as part of the UAE’s pavilion at the Riyadh International Book Fair. During the seminar, Al Olama expressed his deep ...

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• 25 March

  Bond traders face gut-check in record $300bn US auctions

  

  Bloomberg Bond bulls who enjoyed a rare rally in short-term Treasuries last week might not want to get too comfortable: The world’s biggest debt market is about to be inundated with an unprecedented wave of issuance. The US Treasury will probably auction about $294 billion of bills and notes this week, its largest slate of supply ever. The $30 billion ...

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• 25 March

  Dana Gas lifts Abu Dhabi; some Saudi blue-chips advance

  

  Reuters Gulf stock markets were generally little changed on Sunday, though Abu Dhabi’s Dana Gas surged on news of plans for its first annual dividend for several years. The Abu Dhabi index rose 0.8 percent as Dana Gas jumped 8.3 percent after the board said it would seek shareholder approval for a cash dividend for 2017 totalling 5 percent of ...

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• 25 March

  ADFD signs deal with Korean bank to set up ‘export programme’ framework

  

  Abu Dhabi / Emirates Business Abu Dhabi Fund for Development (ADFD), the leading national entity for development aid, has announced the start of the second phase of developing the National Export Programme. Aiming to bolster a diversified and sustainable national economy, the programme will contribute to enhancing the ability of national exports to penetrate and compete in international markets. In ...

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• 25 March

  Decree issued to form board of British University in Dubai

  Dubai / WAM In his capacity as the Ruler of Dubai, His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of UAE, issued Decree No. 09 of 2018 forming the Board of Trustees of the British University in Dubai (BUiD). The Board is chaired by the Chairman of Dubai Civil Aviation Authority and Chairman and CEO ...

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• 25 March

  DEWA, Finnish firm discuss cooperation

  Dubai / WAM Saeed Mohammed Al Tayer, Managing Director and CEO of Dubai Electricity and Water Authority (DEWA), met Lauri Virkkunen, CEO of Pohjolan Voima, the Finnish clean and renewable energy production company. The meeting supports DEWA’s commitment to establish cooperation and joint efforts, and exchange expertise and insights with international organisations. Al Tayer welcomed Virkkunen, and reviewed DEWA’s progress in ...

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• 25 March

  Emirates completes fleet of 10 aircraft for ‘Year of Zayed’

  

  Dubai / Emirates Business Emirates completed the application of the specially-designed ‘Year of Zayed’ livery on ten of its aircraft. This tribute to the late His Highness Sheikh Zayed bin Sultan Al Nahyan was first unveiled in November 2017 on the fuselage of Emirates’ 100th A380 aircraft, and commemorates the 100th year of HH Sheikh Zayed’s birth. His Highness Sheikh ...

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• 25 March

  Dubai woos realty investors at MIPIM in France

  

  DUBAI / Emirates Business Dubai Land Department (DLD) has successfully participated at MIPIM, the world’s leading international real estate conference, which was held at the Cannes Festival Palace in Cannes, France. DLD held several successful meetings with the exhibition organisers to discuss future cooperation and DLD’s continued participation over the coming years. The conference was an opportunity for DLD’s delegation ...

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• 25 March

  DI hosts Al Fares headquarters

  

  Dubai / Emirates Business Dubai Industrial Park (DI), the industrial district within Dubai Wholesale City (DWSC), announced that Al Fares International Group (Al Fares), a leading UAE-based supplier of tents and mobile structures, is the latest entity to join DI’s community of business partners. In addition to locating its headquarters at DI, Al Fares is also launching a central warehouse ...

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• 25 March

  Dubai launches taxi fare payment via smartphones

  DUBAI / WAM The Dubai Roads and Transport Authority (RTA), in partnership with Network International introduced a new service enabling the payment of taxi fares in Dubai via Samsung Pay and Apple Pay apps on smartphones. Payment in cash or by credit cards will remain in place as well. The new service is part of the ‘Smart City’ initiative of ...

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