737 Emiratis receive AED476 million in housing assistance

DUBAI / WAM The Board of Directors of the Sheikh Zayed Housing Programme approved the names of 737 Emiratis, who are eligible for housing support, with a total value of AED476 million, coinci-ding with the celebrations of the 46th National Day in the country. During a meeting at the Etihad Museum in Dubai, Dr Abdullah bin Mohammed Belhaif Al Nuaimi, ...

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ADGM, Al Fardan Exchange partner to foster UAE’s fintech ecosystem

ABU DHABI / WAM Abu Dhabi Global Market (ADGM) and Al Fardan Exchange, have entered into a cooperation partnership to develop and support the FinTech ecosystem in the UAE. The Memorandum of Understanding (MoU) was signed by Richard Teng, Chief Executive Officer of the Financial Services Regulatory Authority (FSRA) of ADGM, and Osama Al Rahma, CEO of Al Fardan Exchange. ...

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SHUAA capital initiates Egypt operations

ABU DHABI / WAM SHUAA Capital announced that its securities brokerage arm, ‘SHUAA Securities’, has officially commenced operations in the Egyptian market, following a green light from the Egyptian Financial Supervisory Authority (EFSA). With an initial and dedicated 40 person strong task-force, SHUAA Securities Egypt has been executing its first transactions since being granted approval. SHUAA Capital had earlier confirmed ...

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Mideast’s largest construction show opens its doors in Dubai

Dubai / Emirates Business His Highness Sheikh Ahmed Bin Saeed Al Maktoum officially inaugurated Middle East’s largest construction event, The Big 5, and the co-located Big 5 Solar on Sunday. The President of the Dubai Civil Aviation Authority, CEO and Chairman of the Emirates Group also took a tour of the exhibition that covers the entire Dubai World Trade Centre ...

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Smart Dubai Office gets first ‘robot receptionist’

DUBAI / Emirates Business The Smart Dubai Office (SDO), has partnered with regional technology business solutions (TBS) provider Nearbuy to host a trial of the first ‘robot receptionist’ in the Middle East. Farah, which stands 1.50 metres tall, started work today at the Smart Dubai Office headquarters in the Dubai Design District. It features a touch-screen panel where visitors to ...

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ICC-UAE event examines role of trade finance

Dubai / Emirates Business The UAE Chapter of the International Chamber of Commerce (ICC-UAE) and the Dubai Chamber of Commerce and Industry recently organised and hosted the 6th ICC-UAE Trade Finance Conference, which attracted the participation of more than 100 representatives from the UAE’s business community. The conference, held at Dubai Chamber’s premises, provided participants with an overview of economic ...

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UBF board reviews progress of initiatives

DUBAI / Emirates Business The Board of Directors of UAE Banks Federation (UBF), a professional representative body comprising 48 member banks operating in the UAE, held its meeting to review the progress of the initiatives the Federation launched this year, and adopted the priorities and action plan for 2018. “Rising customer expectations, increasing cyber threats and a number of significant ...

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WEEGS to host innovation, entrepreneurship sessions

Sharjah / Emirates Business NAMA Women Advancement Establishment has announced that the first edition of the Women Economic Empowerment Global Summit (WEEGS) will include two interactive sessions on entrepreneurship and innovation for women, with the activities hosting an array of established female entrepreneurs providing tips on how to achieve success. Taking place December 4-5 at Expo Centre Sharjah, WEEGS – ...

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UAE launches renewable energy training for Pacific Island nations

Abu Dhabi / WAM The Ministry of Foreign Affairs and International Cooperation (MoFAIC), has launched a two-year renewable energy training programme for Pacific Island countries financed by Abu Dhabi Fund for Development (ADFD), the leading national entity for development aid. The training is being led by Masdar, Abu Dhabi’s renewable energy company. The capacity-building initiative falls within the framework of ...

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Etihad marks Grand Prix with a380 fly-past

Abu Dhabi / Emirates Business Etihad Airways, the national airline of the UAE, once again marked the start of the Formula 1 Etihad Airways Abu Dhabi Grand Prix with a low-level fly-past over Yas Marina Circuit. The fly-past has become synonymous with the race with the flagship A380 aircraft flying over the iconic circuit at approximately 4.50pm. The A380 was ...

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