Abu Dhabi / Emirates Business Etisalat on Monday announced the launch of the first commercial 5G wireless network in the UAE becoming the first telecom operator in the Middle East and North Africa (MENA) region to achieve this technological milestone and set a industry benchmark. Etisalat will be the first operator to have a fully developed commercial 5G network available ...
Read More »RAK Customs, FANR discuss systems interconnectivity
RAS AL KHAIMAH / WAM The Ras Al Khaimah Customs Department and the Federal Authority for Nuclear Regulation (FANR), held a meeting to enhance their cooperation. The meeting was attended by Adel Al Khateri, Director of the Customs Security and Customs Risks Administration, Mohammed Karam Al Baloushi, Director of the Customs Centres Administration, Ladislav Partak, Head of the Safeguards Administration at ...
Read More »US stocks rise as trade tensions ease, Treasuries edge back 3%
Bloomberg US stocks edged higher as trade tensions between the world’s two biggest economies showed signs of abating. The dollar slipped and the 10-year Treasury yield pushed towards 3 percent. The S&P 500 Index climbed as technology shares paced gains after President Donald Trump made a major reversal on an earlier move to block telecom equipment maker ZTE Corp. from ...
Read More »Exit polls vex stocks, rupee as majority seen eluding Indian PM
Bloomberg India’s equities gave up gains to close little changed, while the rupee and bonds declined Monday as exit polls signaled that majority may prove elusive for PM Narendra Modi’s BJP in elections in a key southern state. At least four polls, including Today’s Chanakya, which accurately predicted Modi’s victory in 2014 elections, showed the BJP as the single largest ...
Read More »Tourism sector key to development of UAE’s economy, says Mohammed
Dubai / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, the Vice President, Prime Minister and Ruler of Dubai, said that mega projects being implemented in the UAE are reinforcing the country’s profile globally as a model for sustainable growth driven by diversification, innovation and productive partnerships with the private sector. His Highness also said the tourism sector is ...
Read More »Islamic economy contributes 8.3% to Dubai’s GDP, says Al Mansouri
DUBAI / WAM Sultan bin Saeed Al Mansouri, Minister of Economy and Chairman of Dubai Islamic Economy Development Centre (DIEDC), on Monday announced that Islamic economy generates 8.3 percent of Dubai’s gross domestic product (GDP), according to Dubai Statistics Centre, a strategic partner of DIEDC. Al Mansouri shared the statistics, mapping the contribution of key sectors – Islamic finance, manufacturing ...
Read More »Latvian firms can benefit from expertise of UAE companies in key sectors: Vejonis
RIGA / WAM The UAE is a strategic partner for Latvia which can serve as a gateway enabling Latvian companies to expand their presence in the GCC, Latvian President Raimonds Vejonis said during his meeting with a UAE trade delegation in Riga, led by the Dubai Chamber of Commerce and Industry. During the meeting, Vejonis said Latvian companies can benefit ...
Read More »Sheikh Hamed bin Zayed inaugurates ADGM Academy
Abu Dhabi / WAM His Highness Sheikh Hamed bin Zayed Al Nahyan, Chief of the Abu Dhabi Crown Prince’s Court, on Monday officially inaugurated the Abu Dhabi Global Market Academy (ADGM), in Al Maryah Island in Abu Dhabi. The inauguration took place in the presence Saif Mohammed Al Hajeri, Chairman of the Department of Economic Development, Homaid Abdullah Al Shimmari, ...
Read More »Access World Logistics opens AED40mn facility at Jafza
Dubai / WAM Access World Logistics L.L.C. – a joint venture between RHS Group, Dubai and Switzerland-based Access World, inaugurated a state-of-the-art 3rd party logistics and warehousing facility in the Jebel Ali Free Zone. The facility, with a storage capacity in excess of 100,000 freight tonnes of multiple products, has a 15,200 m2 covered warehouse with Very Narrow Aisle (VNA) ...
Read More »FANR seeks public comment on draft radiation safety regulation
Abu Dhabi / WAM The Federal Authority for Nuclear Regulation (FANR), released a draft radiation safety regulation and invited public to review the draft and comment. According to a press statement, FANR revised Regulation No. 04 for Radiation Dose Limits and Optimisation of Radiation Protection for Nuclear Facilities, which establishes the radiation dose limits that are relevant to a nuclear ...
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