March, 2017

• 21 March

  ARM unveils new chip design targeted at self-driving cars, AI

  

    Bloomberg ARM, the UK-based semiconductor design firm, introduced a new chip targeted at markets ranging from self-driving cars to artificial intelligence. The new design, DynamIQ, is an update to ARM’s existing Cortex-A offering. The latter made up almost 20 percent of all ARM-based chips in the first three quarters of 2016, according to the company’s last available regulatory filing. ...

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• 20 March

  Energy investments in MENA to hit $1trn

  

    ABU DHABI / WAM Total energy investments in the Middle East and North Africa could approach the US$1 trillion mark over the course of five years, according to the latest edition of the MENA Energy Investments Outlook published by the Arab Petroleum Investments Corporation (APICORP). This is in spite of uncertainties that have been clouding the regional outlook. While ...

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• 20 March

  Aldar to invest AED1.9bn on Yas and Reem projects

    ABU DHABI / Emirates Business Aldar Properties PJSC (“the Company”), Abu Dhabi’s leading listed property development, investment and management company, announced details of its current investment programme. This programme will expand Aldar’s asset management portfolio, driving growth of recurring revenue. The investments announced comprise mid-market residential, hospitality & leisure, and retail assets on Yas Island and Reem Island. They amount ...

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• 20 March

  UAE theme park revenue to jump 78% to $837mn

  

    DUBAI / Emirates Business UAE will play a pivotal role in the global billion dollar theme park and amusement industry as per International Expo Consults, the organisers of the DEAL 2017 show. UAE is set to trigger the theme park revenue growth as it is set to increase by 78 per cent to US$837 million by 2019 as per ...

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• 20 March

  India-UAE meet pitches for greater trade, investment relations

    DUBAI / WAM Under the patronage, and in the presence of Sheikh Nahyan bin Mubarak Al Nahyan, Minister of Culture and Knowledge Development, the 2nd Annual All India Management Association (AIMA), India-UAE Conference was held on Monday in Dubai. The event was organised under the theme, “Resetting Globalisation: Collaborating in a Fast Changing World”. Sunil Kant Munjal, President of ...

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• 20 March

  CABSAT 2017 to host 900 brands, companies

    Dubai / WAM More than 900 brands and companies are participating in the 23rd edition of the Middle East and Africa’s largest broadcast digital media and satellite expo, CABSAT 2017, which opens on Tuesday at Dubai World Trade Centre (DWTC). In addition to scores of new-to-the-show broadcast and production companies, content studios and distributors, telecommunication companies, cable TV and satellite ...

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• 20 March

  ‘UAE happiest Arab country’

    Abu Dhabi / WAM The UAE has been ranked the happiest Arab country, and the 21st happiest in the world in the UN Sustainable Development Solutions Network’s World Happiness Report 2017 rankings, based on data from the Gallup World Poll. The report, issued by the Earth Institute at Columbia University to celebrate the International Day of Happiness, finds the UAE ...

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• 20 March

  1,400 initiatives for ‘Year of Giving’ launched

    Dubai / WAM The National Committee for the Year of Giving held a press conference on Monday to highlight the local initiatives and programmes that have been launched in order to consolidate the culture of giving and goodness generosity throughout the UAE. The initiatives focus on instilling the culture of giving in across various communities, individuals and institutions, including the public ...

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• 20 March

  Mohammed inaugurates phase 2 of Solar Park

  

    Dubai / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of UAE and Ruler of Dubai, on Monday inaugurated the Phase 2 of the Mohammed bin Rashid Al Maktoum Solar Part at Seih Al Dahal in Dubai. HH Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of Dubai Executive ...

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• 20 March

  Senaat secures $400mn revolving credit facility from 11 institutions

  

    Abu Dhabi / WAM Senaat, one of the largest industrial investment holding companies in the UAE, announced that it has successfully entered into an agreement with 11 financial institutions to receive a revolving credit facility of US$400 million. The facility, split between 3-year and 5-year tranches, will be utilised in lieu of the existing $750 million Revolving Credit Facility, which ...

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