UAE presents an ideal model for supporting youth, says VP

DUBAI / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, inaugurated the headquarters of the Federal Youth Authority (FYA), at the Emirates Towers, Dubai. His Highness also approved FYA’s operational plan and initiatives that aim to utilise the youth’s capabilities and creativity so that they can become ...

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UAE, Burkina Faso discuss ways to develop bilateral cooperation

Abu Dhabi / WAM His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, received Roch Marc Christian Kabore, President of Burkina Faso, to discuss relations between the UAE and Burkina Faso. During their meeting, which took place on Wednesday in the Al Shati Palace, both sides discussed ...

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UAE, UK to strengthen economic partnership

LONDON / WAM The fifth UAE-UK Joint Economic Committee meeting in London has discussed possibilities to further strengthen the wider economic partnership between the two countries. The meeting was chaired by Mohammed Bin Abdul Aziz Al Shehhi, Under-Secretary for Economic Affairs, Ministry of Economy and Baroness Fairhead, UK Minister of State for Trade and Export Promotion. The economic partnership could ...

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dnata invests in US catering operations

Dubai / WAM Dubai-based dnata has opened a new, 4,700 square metre facility at George Bush Intercontinental Airport (IAH), and now offers catering services in Houston with a capacity of more than 10,000 meals a day. dnata’s latest expansion will create more than 150 new jobs with the company. The launch customer is British Airways, which operates two daily flights ...

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Hamdan issues new regulation for testing self-driving vehicles

Dubai / WAM HH Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of Dubai Executive Council, has issued the Council’s Resolution No. (3) of 2019 that regulates autonomous vehicle testing in Dubai. The new Resolution, the first such initiative in the region, is part of the first phase of a legislative framework being created ...

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Emirates to serve one million dates during Ramadan

Dubai / Emirates Business Emirates’ signature Ramadan service is expected to begin on May 5th to coincide with the start of the Holy month. During Ramadan, the airline expects to serve 1 million dates to customers during iftar and suhoor, both on board and on the ground in Dubai. Emirates’ Ramadan service consists of specially crafted iftar meals on board, ...

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Emaar Hospitality to open five new hotels in Dubai

Dubai / Emirates Business Emaar Hospitality Group, the hospitality and leisure business of global developer Emaar Properties, on Wednesday announced that it will open four new hotels in Dubai under its premium luxury Address Hotels + Resorts and upscale lifestyle Vida Hotels and Resorts, this year. Further, Rove Hotels, the joint venture of Emaar Properties and Meraas, will open a ...

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Abu Dhabi book fair opens its doors to public

Abu Dhabi / WAM HH Lt. General Sheikh Saif bin Zayed Al Nahyan, Deputy Prime Minister and Minister of the Interior, inaugurated the 29th edition of Abu Dhabi International Book Fair (ADIB), on Wednesday at the Abu Dhabi National Exhibition Centre (Adnec). The event is being held under the patronage of His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown ...

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SoftBank to invest $1bn in payments firm Wirecard

Bloomberg SoftBank Group Corp’s $1 billion bet on Wirecard AG is a boon for the battered German digital-finance firm and secures a major European partner for the Japanese tech conglomerate that’s bulking up in mobile payments. For SoftBank, the agreement furthers its transformation from a telecommunications operator into a technology investor under founder Masayoshi Son. For Wirecard, the investment means ...

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Ruyi’s Lycra starts preparations for $500mn US IPO

Bloomberg Ruyi Group has started preparing an initial public offering for The Lycra Co, months after acquiring the maker of the elastic material used in jeans and yoga pants, people familiar with the matter said. The Chinese group is working with Goldman Sachs Group Inc as it explores the potential deal, which could raise about $500 million, according to the ...

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