Emirates News Agency

Ruler of Ras Al Khaimah: Promoting economic growth key pillar in sustainable development drive

2023 Sep 21 Thu, 11:55:00 pm

RAS AL KHAIMAH, 21st September, 2023 (WAM) – H.H. Sheikh Saud bin Saqr Al Qasimi, Supreme Council Member and Ruler of Ras Al Khaimah, stressed the importance of supporting national companies to enhance their competitiveness and contribution to the emirate’s gross domestic product. He made this statement while attending the launch of the new corporate strategy and brand identity of ADX-listed Ras Al Khaimah Properties (RAK Properties). “Supporting national companies is a top priority in Ras Al Khaimah’s plans to build a sustainable economy,” Sheikh...

Egypt’s central bank keeps interest rates unchanged

2023 Sep 21 Thu, 11:48:00 pm

CAIRO, 21st September, 2023 (WAM) – The Central Bank of Egypt (CBE) decided to maintain interest rates at current levels during its meeting on Thursday.The CBE’s Monetary Policy Committee (MPC) kept the overnight deposit rate, overnight lending rate and the rate of the main operation at 19.25 percent, 20.25 percent and 19.75 percent, respectively.The discount rate remained at 19.75 percent. The pause on interest rate change comes after 12-percent hikes since March 2022."While annual food inflation is still increasing, it is being driven by volatile...

Fujairah Crown Prince receives Minister of Culture and Youth

2023 Sep 21 Thu, 10:17:00 pm

FUJAIRAH, 21sth September, 2023 (WAM) -- H.H. Sheikh Mohammed bin Hamad bin Mohammed Al Sharqi, Crown Prince of Fujairah, stressed the importance of partnerships and strategic projects in achieving the goals of cultural and youth institutions, and their pivotal role in developing the cultural and community work sectors.He made these remarks while receiving Salem bin Khaled Al Qassimi, Minister of Culture and Youth, and his accompanying delegation at Al Rumailah Palace on the sidelines of the official opening of the second edition of the Al...

Ahmed bin Mohammed approves DMI’s new strategy and corporate identity

2023 Sep 21 Thu, 09:53:00 pm

DUBAI, 21sth September, 2023 (WAM) -- H.H. Sheikh Ahmed bin Mohammed bin Rashid Al Maktoum, Second Deputy Ruler of Dubai and Chairman of the Dubai Media Council (DMC), today approved Dubai Media Incorporated’s (DMI) new strategy and corporate identity.The move, aimed at raising the organisation’s ability to keep pace with the latest industry and technology shifts and raise its competitiveness in an evolving environment, is aligned with DMI’s long-term blueprint for development.Covering all sectors of the company, including print, radio, TV and digital platforms, DMI’s...

Palms Sports' Securiguard Middle East wins AED403 million site security services contract renewal

2023 Sep 21 Thu, 09:16:00 pm

ABU DHABI, 21sth September, 2023 (WAM) -- Securiguard Middle East, a subsidiary of Palms Sports, announced today that it has been awarded a substantial AED 403.5 million site security service contract extending over four years.The contract can be extended for an additional two years in the event of satisfactory service, furthering Securiguard robust six-year partnership with the contracting UAE-based energy company.Under the new contract’s extension, Securiguard Middle East will deploy a team of more than 2,000 highly experienced and qualified security guards that will meticulously...

Liwa Date Festival & Auction launched under patronage of Hamdan bin Zayed

2023 Sep 21 Thu, 09:05:00 pm

AL DHAFRA, 21st September, 2023 (WAM) -- Under the patronage of H.H. Sheikh Hamdan bin Zayed Al Nahyan, Ruler's Representative in Al Dhafra Region, the second edition of the Liwa Dates Festival & Auction kicked off today, Thursday, and will run until 30th September in Liwa City, Al Dhafra Region, in the emirate of Abu Dhabi.The festival, organised by the Cultural Programmes and Heritage Festivals Committee - Abu Dhabi, in collaboration with the Emirates Heritage Club, received on its first day 15 tonnes and 748...

UAE stocks generate strong cash flows Thursday as DFM hits 8-month high

2023 Sep 21 Thu, 08:59:00 pm

ABU DHABI, 21st September, 2023 (WAM) -- UAE stock markets Thursday continued to capitalise on improved investor sentiments, defying US Fed's decision to keep interest rates steady on Wednesday, while projecting an increase by year-end.Blue-chip real estate, banking, and energy stocks lead the gainers in the Capital's bourse, as giant property Emaar drove DFM to an 8-year high of 4,179.680 pts, 0.997 percent up from the last trading session. In Dubai, property blue-chip Emaar led the rally, closing 6.410 percent up at AED7.970, followed by...

UAE DVI team arrives in Libya to identify victims of floods

2023 Sep 21 Thu, 08:52:00 pm

ABU DHABI, 21st September, 2023 (WAM) -- The UAE team of Disaster Victim Identification (DVI) arrived in Libya today. The deployment of the team, the first of their kind in the world to be in Derna following the natural disaster that hit the country recently, comes as part of the UAE's efforts to aid Libya in dealing with the aftermath of the floods caused by the heavy rains, resulting in thousands of deaths and injuries. Upon arrival, the team's leader Dr. Issa Ahmed Al Awadhi...

Fifth China-Arab States Business Summit kicks off in Ningxia

2023 Sep 21 Thu, 07:18:00 pm

YINCHUAN, Sept. 21 (WAM) -- The fifth China-Arab States Business Summit and Ningxia Industry Matchmaking Meeting for Chinese and Foreign Entrepreneurs concluded in the Ningxia Hui Autonomous Region on Thursday, as reported by China Economic Net.Political, business and academic representatives from China and Arab states attended the summit, which was themed "Working Together to Create a Bright Future in China-Arab Industrial Cooperation," either online or offline.Sponsored by China Council for the Promotion of International Trade (CCPIT), Secretariat of the League of Arab States, General Union...

NYUAD researchers develop self-cleaning membranes boosting desalination efficiency

2023 Sep 21 Thu, 06:46:00 pm

ABU DHABI, 21st September, 2023 (WAM) -- A team of NYU Abu Dhabi (NYUAD) researchers has developed a new kind of self-cleaning, hybrid membrane that provides a solution that overcomes significant challenges that have, until now, limited desalination technologies. The most energy-efficient desalination technologies are based on membrane desalination. However, the membranes used for desalination are prone to fouling, the accumulation of scale that results in decreased membrane performance, shorter lifespan, and the need for chemical cleaning, which has unknown environmental consequences. Researchers at NYUAD’s...

L’Oréal-UNESCO For Women in Science ME Young Talents Programme honours 11 Arab pioneers

2023 Sep 21 Thu, 06:10:00 pm

DUBAI, 21st September, 2023 (WAM) -- The L’Oréal-UNESCO For Women in Science Middle East Regional Young Talents Programme, in partnership with Khalifa University of Science and Technology, celebrated a decade of empowering female scientists from the GCC in the fields of Life Sciences, Physical Sciences, Mathematics and Computer Science, who have blazed trails and are changing the landscape of scientific discovery in the region.Since its inception in the GCC in 2014, the programme has made prodigious strides in nurturing and furthering the research endeavours of...

ENEC discusses future collaboration with US businesses at US-UAE Business Council briefing

2023 Sep 21 Thu, 06:04:00 pm

WASHINGTON D.C., 21st September, 2023 (WAM) -- The Emirates Nuclear Energy Corporation (ENEC) was hosted by the US-UAE Business Council and the Nuclear Energy Institute (NEI) at a business briefing roundtable in Washington D.C., this week. Mohamed Ibrahim Al Hammadi, Managing Director and Chief Executive Officer of ENEC, spoke about the recently launched Net Zero Nuclear platform ahead of COP28. He provided updates on the UAE Peaceful Nuclear Energy Programme, the wider vision for ENEC and its future focus, and discussed opportunities for potential partnership...

Museum of the Future to host ministers, officials, COP28 Committee during Climate Future Week

2023 Sep 21 Thu, 05:46:00 pm

DUBAI, 21st September, 2023 (WAM) -- The Museum of the Future will host a ‘Countdown to COP28’ session led by Dr. Sultan bin Ahmed Al Jaber, Minister of Industry and Advanced Technology and COP28 President-Designate, alongside Razan Al Mubarak, UN Climate Change High-level Champion for COP28. This special session will take place during the closing of ‘Climate Future Week’, scheduled at the Museum of the Future from 26th to 30th September, 2023.The COP28 Presidency is calling on all parties to disrupt business as usual, unite...

FTA, UAQ Chamber collaborate to promote tax awareness among businesses

2023 Sep 21 Thu, 05:32:00 pm

DUBAI, 21st September, 2023 (WAM) -- The Federal Tax Authority (FTA) has signed a Memorandum of Understanding (MoU) with the Umm Al Quwain Chamber of Commerce and Industry to cooperate on promoting a tax culture among business sectors and contribute to the UAE’s strategy and vision to support the private sector, entrepreneurs, and investors.The agreement was signed by Khalid Ali Al Bustani, Director-General of the FTA, and Ammar Rashid Al Aleeli, Director-General of the Umm Al Quwain Chamber.Signed at the FTA’s headquarters in Dubai, the...

Ministry of Economy honours first batch of family business prorgamme

2023 Sep 21 Thu, 05:28:00 pm

DUBAI, 21st September, 2023 (WAM) -- The Ministry of Economy (MoEc) organised a ceremony to honour the first batch of ‘Thabat’ family business programme in Dubai. The ceremony was attended by Abdullah bin Touq Al Marri, Minister of Economy; Abdul Aziz Al Ghurair, Chairman of Dubai Chambers and Chairman of the Family Business Council – Gulf; Hessa bint Essa Buhumaid, Director-General of Dubai’s Community Development Authority; Abdullah Mohamed Al Mazrouei, Chairman of the Federation of UAE Chambers and Chairman of Abu Dhabi Chamber of Commerce...