Business

Nahyan bin Mubarak receives Russian Duma delegation

Nahyan bin Mubarak receives Russian Duma delegation

22 Apr 2019

WAM – Sheikh Nahyan bin Mubarak Al Nahyan, Minister of Tolerance, 21st April received a delegation from the Duma, the parliament of Russia, led by Buvaisar Saitiev, Member of the Russian Duma, who coordinates the State Duma’s work with the Federal National Council, FNC.

During the meeting, which took place in Sheikh Nahyan’s palace, both sides discussed the relations between the UAE and Russia, and ways of promoting their bilateral cooperation, especially their parliamentary ties.... Read More

UAE, Saudi Arabia provide $US3 billion in assistance to Sudan

UAE, Saudi Arabia provide $US3 billion in assistance to Sudan

22 Apr 2019

WAM – The UAE and Saudi Arabia have announced a joint initiative to support the brotherly people of Sudan. The initiative will see the delivery of US$3 billion in assistance to Sudan.

The assistance bundle entails $500 million deposit into Sudan's central bank to strengthen the country's liquidity and monetary reserves. The remaining amount will be dedicated to support the people of Sudan, across food, medicines, and fuel derivatives.

Read More
Bombs tear through Sri Lankan churches and hotels, killing 290 people

Bombs tear through Sri Lankan churches and hotels, killing 290 people

22 Apr 2019

CNN – The calm of Easter Sunday was shattered by gruesome bombings that killed at least 290 people in Sri Lankan churches and hotels.

Though it's not clear who's behind the eight explosions that forced the country of 21 million people to go on lockdown, they are "certainly acts of terror," said Manisha Gunasekera, high commissioner of Sri Lanka to the UK.

An intelligence memo warning of a possible attack had circulated 10 days earlier, raising questions about whether more... Read More

Pininfarina Battista electric hypercar is faster than a fighter jet (Video)

Pininfarina Battista electric hypercar is faster than a fighter jet (Video)

21 Apr 2019

The world’s newest car brand, and the only one solely focused on producing a full range of luxury and premium electric cars, unveiled its first electric vehicle – the Pininfarina Battista electric hypercar – that can accelerate faster than a General Dynamics F-16 fighter jet.

Is that possible? Yes, because the Battista can accelerate to 180 mph (290 km/h) in less time than it takes an F-16 to do the same. Equally impressive is that the hypercar’s four electric motors can generate a... Read More

Thousands of millionaires flocked to UAE in 2018, wealth report reveals

Thousands of millionaires flocked to UAE in 2018, wealth report reveals

21 Apr 2019

Thousands of millionaires relocated to the UAE last year, a new global wealth report has revealed.

The 2019 Global Wealth Migration Report says the number of millionaires moving to the UAE increased by 2 per cent from 2017.

The report, published by AfrAsia Bank and New World Wealth, says Dubai was one of the most popular locations and attracted more than 1,000 millionaires from outside the country.

It surpassed major cities including Los Angeles, Melbourne, Miami, New... Read More

Foundation stone laid for first traditional Hindu temple in UAE

Foundation stone laid for first traditional Hindu temple in UAE

21 Apr 2019

The foundation stone for the first traditional Hindu Temple was laid in Abu Dhabi on Saturday.

The 'Shilanyas Vidhi' ceremony was presided over by Mahant Swami Maharaj, the spiritual leader of BAPS Swaminarayan Sanstha - the religious and social organisation building the temple.

The ceremony started with rituals led by Pujya Ishwarcharan Swami. Sanskrit verses filled the air as priests described to devotees how each ritual had to be conducted.

Community leaders and... Read More

UAE participates in ‘Arab-Russian Cooperation Forum’ in Moscow

UAE participates in ‘Arab-Russian Cooperation Forum’ in Moscow

18 Apr 2019

WAM -- The UAE participated in the fifth edition of the Arab-Russian Cooperation Forum. A ministerial level delegation, headed by Ahmed bin Ali Mohammed Al Sayegh, Minister of State, and with the attendance of Juma Mubarak Al Junaibi, UAE Ambassador to Egypt and Permanent Representative to the Arab League, took part in the event.

The participants at the two-day forum, which concluded yesterday, discussed the means of promoting political and economic cooperation between Arab countries... Read More

Reconfiguration of 10 of Emirates' Boeing 777-200LR aircraft completed

Reconfiguration of 10 of Emirates' Boeing 777-200LR aircraft completed

18 Apr 2019

WAM -- Emirates Airline has announced that it completed the reconfiguration of its last Boeing 777-200LR aircraft. Emirates invested US$150 million in converting the ten Boeing 777-200LR aircraft in its fleet from three to two class cabins featuring wider Business class seats in a 2-2-2 format and a fully refreshed economy class cabin.

The reconfiguration of the ten aircrafts was executed fully in-house at Emirates Engineering’s facilities in Dubai. The Engineering team spent a total... Read More

US Air Force sends next generation fighter jets to UAE

US Air Force sends next generation fighter jets to UAE

17 Apr 2019

The US Air Force has deployed F-35A Lightning II stealth fighters to the Middle East for the first time.

The jets arrived at Al Dhafra Air Base in Abu Dhabi earlier this week and are ready to be sent on missions across the region.

The aircraft, which cost about $90 million (Dh330m) each, are undetectable by radar. The F-35s are equipped with advanced weapons systems which mean they do not have to be pointing at its target. They also have the capability to launch electronic... Read More

US$2 million to support education in Mozambique: Dubai Cares

US$2 million to support education in Mozambique: Dubai Cares

17 Apr 2019

WAM -- Dubai Cares has pledged AED7,347,000 (US$2 million) to support Mozambique in response to Cyclone Idai.

The announcement came during the World Bank and IMF Spring Meetings in Washington D.C. that took place between 8th and 14th April.

At the Education Cannot Wait’s High Level Steering Group Meeting, Dubai Cares took part in discussions towards restoring schooling in areas affected by Cyclone Idai that recently hit Mozambique. The funds will be directed towards Education... Read More

Pages