Saturday , 23 November 2019

Government

UAE’s Mubadala Aerospace merges its capital, MRO businesses

Consolidation of businesses aims to ‘unlock synergies’ across aviation value-chain Abu Dhabi-based Mubadala Investment Company has launched Sanad, which will be the parent company of Mubadala Aerospace’s, aviation and industrial services subsidiaries. The three subsidiaries are Sanad Aerotech, which is the specialist aircraft engine MRO (maintenance, repair, and operations) business, Sanad Powertech, the energy and industrial MRO service provider, and …

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Green Pledge: Dubai-based Majid Al Futtaim to eliminate single-use plastic by 2025

Group’s single-use plastic policy will help tackle one of the most pressing environmental challenges of the region Dubai head-quartered retail giant Majid Al Futtaim announced on Tuesday a group-wide commitment to phase-out single-use plastics across all the countries where it operates by 2025. The group currently operates 26 shopping malls, 13 hotels, almost 300 Carrefour stores, 46 VOX Cinemas screens …

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Bahrain is one of the top 10 most-improved economies in the world – World Bank

Bahrain is ranked among the top-10 most improved economies in the world according to a World Bank report that assessed 190 countries. The Doing Business 2020 report showed that Bahrain advanced 19 places to the 43rd place since last year. The Arab kingdom has implemented a comprehensive economic reform programme as part of its Economic Vision 2030, increasing its foreign …

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Abu Dhabi’s Musanada commences construction of schools in Ain Al Fayda

The two schools occupy a total area of more than 76.2thousand square metres at a cost of approximately $79mln The Abu Dhabi General Services Company (Musanada) has begun constructing two schools in the Ain Al Fayda area in Al Ain City, occupying a total area of more than 76.2 thousand square metres at a cost of approximately AED289.5 million. The …

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Spending on artificial intelligence systems in the Middle East & Africa to top $374 million in 2020

That’s according to the latest forecast from global technology research and consulting firm International Data Corporation (IDC), with a recent update to the firm’s Worldwide Artificial Intelligence Systems Spending Guide showing that spending on AI systems in MEA is expected to reach $374.2 million next year, up from $261.8 million in 2018 and an anticipated $310.3 million in 2019. Over …

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UNICEF and the Islamic Development Bank launch first global Muslim philanthropy fund for children

The Global Muslim Philanthropy Fund for Children (GMPFC) is the first fund focused on Muslim giving to be launched by a United Nations organization together with a Multilateral Development Bank (MDB). UNICEF and the Islamic Development Bank (IsDB) today launched an innovative fund that will open new opportunities for Muslim philanthropy to reach the millions of children currently in need …

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Joint Committee for Cooperation between Kingdom of Bahrain and Republic of Kenya established, Memorandum of Understanding for Political Consultation signed

During the meeting, an agreement was signed to establish a Joint Committee for Bilateral Cooperation as part of their efforts to develop and strengthen various fields of joint cooperation The Minister of Foreign Affairs, Shaikh Khalid bin Ahmed bin Mohammed Al Khalifa, met with the Cabinet Secretary of the Ministry of Foreign Affairs of the Republic of Kenya, Monica Juma, …

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Egypt- Women as Engines of Economic Growth

The Arab International Women’s Forum (AIWF) and the American University in Cairo (AUC), jointly held a major conference on Tuesday as part of the AUC’s centennial celebration dubbed ‘Women as Engines of Economic Growth.’ The conference focused on empowering women innovators, entrepreneurs, executives, and educators toward the fulfilment of the United Nation’s Sustainable Development Goals (UNSDGs) in the Middle East …

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Estonian President says her country and UAE ‘can help other countries enter digital revolution’

President Kaljulaid is currently visiting the UAE along with a business delegation taking part in the 24th World Energy Congress in Abu Dhabi. The UAE and Estonia can work together to help other countries in entering the digital revolution, said the Estonian President Kersti Kaljulaid. President Kaljulaid is currently visiting the UAE along with a business delegation taking part in …

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General Share UAE, FAO to support rural women in Liberia

The AED14.7 million (US$4 million) project aims to support 1,500 rural women in three Liberian districts The UAE has initiated a project in Liberia to help rural women achieve sustainable income, food security and nutrition opportunities, as part of the UAE’s ongoing humanitarian works to empower women across the world. For this purpose, the Ministry of Foreign Affairs and International …

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