January, 2018

• 16 January

  MBRF to host first-ever ‘Arab innovation forum’

  

  DUBAI / WAM The Mohammed bin Rashid Al Maktoum Knowledge Foundation (MBRF), has announced plans to organise the first-ever Arab Innovation Forum from February 26-28, at the Dubai World Trade Centre (DWTC). The foundation revealed its plans at a press conference held on Tuesday at the St. Regis Dubai hotel in Al Habtoor City, and was attended by MBRF’s CEO ...

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• 16 January

  VP launches first unfenced desert conservation reserve

  

  Dubai / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of UAE and Ruler of Dubai, launched the Marmoom Reserve project, the first unfenced desert conservation reserve in the country. The reserve spans 10% of the emirate of Dubai’s total area – and will introduce more than 20 environmental, cultural and sports-related initiatives, sponsored by ...

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• 16 January

  ERC signs deal to restore lecture halls in Yemen

  

  SHABWAH / WAM The Emirates Red Crescent Authority (ERC), signed an agreement on Tuesday to construct and restore lecture halls at the College of Oil and Minerals in the governorate of Shabwah. Signing of the agreement, Mohammed Saif Al Muhairi, Head of the ERC team in Shabwa, said that the construction project is one of a series of infrastructure projects ...

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• 16 January

  ADX signs deal with SWIFT on distributed ledger technology

  Abu Dhabi / WAM Abu Dhabi Securities Exchange (ADX) has signed a Memorandum of Understanding with the Society for Worldwide Interbank Financial Telecommunication (SWIFT) and seven leading global Central Securities Depository (CSD) companies to collaborate on Distributed Ledger Technology (DLT) implementation in post trade operations, as well as capital market transactions. Today, securities processing, particularly in areas requiring multi-party contact ...

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• 16 January

  French firm to help build next phase of mobility network of Masdar City

  Abu Dhabi / WAM Following the results of a global industry competition launched during Abu Dhabi Sustainability Week last year, Abu Dhabi Future Energy Company (Masdar), selected autonomous vehicle producer NAVYA as the most technically and commercially qualified candidate, to help build the next phase of the mobility network of Masdar City. The driverless vehicle network, currently serving the sustainable ...

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• 16 January

  UAE, Netherland to boost cooperation in health sector

  Abu Dhabi / WAM Dr Mohammad Salim Al Olama, Under-Secretary of the UAE Ministry of Health and Prevention (MoHAP), has met with Frank Mollen, Ambassador of the Netherlands to the UAE, in the presence of Dr Issa Al Mansouri, Director of the Under-Secretary Office and Director of the International Health Relations. During the meeting, the two sides discussed the opportunities ...

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• 16 January

  DEWA, German firms discuss clean energy

  Dubai / WAM Saeed Mohammed Al Tayer, Managing Director and CEO of Dubai Electricity and Water Authority (DEWA), received a German delegation, headed by Rainer Baake, State Secretary at the Federal Ministry for Economic Affairs and Energy, at DEWA’s stand during its participation at the World Future Energy Summit (WFES), in Abu Dhabi. The meeting supports DEWA’s commitment to enhance ...

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• 16 January

  Expo 2020 participant nations to start working on pavilions

  

  Abu Dhabi / WAM Najeeb Al Ali, Executive Director of the Expo 2020 Dubai Office, has said that some of the participating countries in Expo 2020 Dubai will begin building their pavilions at the start of April 2018, while pointing out that over 180 countries will participate in Expo 2020. He also expects the Expo to receive 25 million visitors, ...

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• 16 January

  Stocks race to records as earnings remain strong

  

  Bloomberg US stocks jumped to records with the Dow Jones Industrial Average crossing 26,000 and S&P 500 Index surpassing 2,800, both for the first time, as Citigroup Inc. posted healthy earnings and discussed possible significant investor payouts from the bank’s windfall stemming from a major tax cut. All major US equity gauges were higher. The dollar gained after its lowest ...

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• 16 January

  Crypto-linked stocks return to earth as Bitcoin, Ripple fall

  

  Bloomberg Companies that have seen their fortunes—and share prices—soar with the crypto-craze are now facing a little bit of a reality check. As Bitcoin slumped as much as 20 percent and Ripple tumbled as much as 33 percent, firms that touted their links to the burgeoning blockchain industry, including Riot Blockchain Inc., Overstock.com Inc. and DPW Holdings Inc., saw their ...

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