March, 2018

• 14 March

  Mideast stock markets mostly soft, Saudi surges

  

  Reuters Most Middle Eastern stock markets were soft on Wednesday with Qatar pulling back after two days of strong gains, but a few individual stocks in Saudi Arabia rose sharply in response to positive news. Islamic insurer Al Khaleej Takaful tumbled 9.1 percent after saying on Tuesday that it would distribute no dividend for 2017, after the central bank asked ...

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• 14 March

  Indonesian Bitcoin investors to outnumber stock participants

  Bloomberg The biggest Indonesian platform to buy and sell digital currency may soon have more members than the nation’s century-old stock exchange. Indonesia Digital Asset Exchange, formerly known as Bitcoin.co.id, will have 1.5 million members buying and selling digital currencies such as bitcoin, ethereum and ripple by the end of the year, according to Chief Executive Officer Oscar Darmawan. The ...

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• 14 March

  DEWA plans world’s 1st automated renewable energy digital utility

  

  Dubai / WAM The world’s first automated, artificial-intelligence-powered renewable energy digital utility is set to be established in Dubai. The utility is proposed by the Dubai Electricity and Water Authority (DEWA), for the Dubai 10X Initiative, an ambitious venture overseen by the Dubai Future Foundation (DFF). The “Digital DEWA” project – the Authority’s digital arm – re-imagines operational procedures for ...

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• 14 March

  Dubai issued 1,646 new business licences in Feb

  

  Dubai / WAM The Department of Economic Development (DED), has issued 1,646 new business licences during February 2018 and completed 23,407 business registration and licencing transactions, as Dubai maintained its ability to attract businesses looking to grow competitively and sustainably. Of the total, 11,300 transactions were related to renewals while 2,060 Initial Approvals were given and 3,029 trade names reserved ...

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• 14 March

  SEWA, GE discuss potential projects

  

  SHARJAH / WAM Sharjah Water and Electricity Authority (SEWA), hosted on Wednesday a high-level delegation from General Electric Power (GE Power), to discuss potential projects to strengthen Sharjah’s power sector in line with the SEWA’s Vision 2020 and the UAE Energy Plan 2050 aimed at driving a culture of innovation, sustainability, cutting carbon dioxide emissions, increasing clean energy and strengthen ...

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• 14 March

  Mashreq named ‘best local bank in UAE’

  

  Dubai / WAM Mashreq Bank has announced that it received two awards at the 2017 EMEA Finance Middle East Banking Awards. The Bank was presented with the ‘Best Local Bank in United Arab Emirates’ and the ‘Best Product Launch in Middle East’ for its card-less cash withdrawal for corporates, which is one of an extensive line of products and solutions ...

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• 14 March

  FNC approves draft product safety law

  Abu Dhabi / WAM The Federal National Council (FNC), has approved, during the 12th session of the third ordinary session of its 16th legislative chapter that was held on Wednesday, which was headed by Marwan bin Ghalita, First Deputy Speaker of the FNC, a draft federal law on product safety, after adding to and amending some of its articles. The ...

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• 14 March

  DFWAC helped 822 children so far

  Dubai / WAM The Dubai Foundation for Women and Children (DFWAC), announced that it helped 822 children of child abuse since its establishment in 2007 until the beginning of the year 2018. Accommodation services were provided for 492 children, while 330 children were provided with external care and rehabilitation services. This came as a part of the special report issued ...

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• 14 March

  NMC’s ‘Pen Print’ initiative to promote reading

  ABU DHABI / WAM The National Media Council (NMC), has launched the ‘Pen Print’ initiative to encourage members of the community to make a habit of visiting book stores located in malls and commercial centres. The initiative – part of the NMC’s efforts to support the Month of Reading in March 2018 – also supports Emirati writers, promotes their publications ...

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• 14 March

  IGCF to highlight women’s innovative capacities in digital world

  

  SHARJAH / WAM The International Government Communication Forum (IGCF 2018), has invited a host of Arab and international luminaries to shed light on the leading role women play in inspiring digital communities with their innovative use of technology for global progress. The 7th edition of the forum, organised by the International Government Communication Centre, IGCC, is being hosted under the ...

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