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Dubai / Emirates Business Dubai International Financial Centre (DIFC), the leading financial hub in the Middle East, Africa, and South Asia region (Measa), has made great strides in the fintech space, cementing Dubai’s position as one of the world’s top 10 fintech hubs and a preferred growth platform for startups and SMEs. DIFC has hosted the 6th annual International Finance ...

NEW YORK / WAM Lana Nusseibeh, Ambassador and Permanent Representative of the UAE to the UN, announced that the UAE will contribute $5 million to the UN Central Emergency Relief Fund (CERF) for the year 2019 at CERF’s annual High-Level Pledging Event on December 7. “As a testament to CERF’s effectiveness and the UAE’s commitment to its principles of humanity, ...

HODEIDAH / WAM Houthi militias continue to cause damage to the infrastructure and services in Yemen by setting-up booby traps in schools and planting improvised explosive devices and mines in food cans and bags, as part of their destructive strategies to achieve maximum loss of life. In this regard, the Al Sharaf School in Hodeidah has been transformed into a ...

Sharjah / WAM The Sharjah Chamber of Commerce and Industry (SCCI), represented by the Sharjah Exports Development Centre, will organise a trade mission to Kenya and Uganda, as part of its strategy to find and develop marketing opportunities for local industries in promising foreign markets, and especially in Africa. The chamber’s trade mission will travel on Monday, along with the ...

Rome / WAM Kalimat Group, a leading global publisher of award-winning Arabic children’s and young adult books, and Gallucci Publishing, an Italian publisher known for books that help address challenges faced by the youth, have come together to establish the Gallucci-Kalimat publishing house. The joint publishing house will work on translating, distributing, and marketing titles in Italy initially, with plans ...

SHARJAH / WAM Sharjah International Commercial Arbitration Centre, Tahkeem, signed a Memorandum of Understanding (MoU), with the London-based Chartered Institute of Arbitrators (CIArb), for a range of collaborations including support, advice, and training. On behalf of Tahkeem, the MoU was signed by Ahmed Saleh Al-Echlah, Tahkeem Director, and Anthony Abrahams, Director General CIArb, in the presence of Abdulla Deaifis, Tahkeem ...

Dubai / WAM The Business Registration and Licensing (BRL) Sector in the Department of Economic Development (DED), Dubai, has issued a report on the paper products industry, which includes statistics on the number of companies operating in Dubai, and the historical presence of paper product companies from 1963 until 2018. This is to assist in determining the expected volume of ...

Bloomberg The world’s largest solar panel maker is selling a great deal more overseas to keep its domestic industry afloat. China’s exports in the third quarter soared 66 percent from a year ago after the government’s decision to cut support for the local solar power industry dented domestic demand. Shipments to Australia more than doubled and tripled to Mexico, making ...

Bloomberg Xcel Energy Inc Chief Executive Officer Ben Fowke said keeping nuclear power plants open is key for the utility to meet its goal to slash greenhouse gases. The company, which pledged to cut carbon dioxide emissions 80 percent by 2030 and 100 percent by 2050, operates two reactors in Minnesota that will become increasingly vital as wind and solar ...

Bloomberg Huawei Technologies’ chief financial officer was arrested in Canada over potential violations of US sanctions on Iran, provoking outrage from China and complicating thorny trade negotiations just as they enter a critical juncture. China’s embassy in Canada demanded the US and its neighbour “rectify wrongdoings” and free Wanzhou Meng, who is also deputy chairwoman and the daughter of Huawei ...