Daily Archives: May 5, 2018

Ajman Ruler orders payment of one-month basic salary to all local government employees to mark Zayed’s centennial anniversary

AJMAN, In implementation of directives of President His Highness Sheikh Khalifa bin Zayed Al Nahyan, His Highness Sheikh Mohammed bin Rashid Al Maktoum, the Vice President, Prime Minister and Ruler of Dubai, and His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, to pay one-month basic salary to all employees of the federal government, H.H. Sheikh Humaid bin Rashid Al Nuaimi, Supreme Council Member and Ruler of Ajman, has ordered the payment of one-month salary to all employees of government of Ajman.

The kind gesture is in celebration of the centennial anniversary of the birth of the founding father, the late Sheikh Zayed bin Sultan Al Nahyan, observed on 6th May, 2018.

Source: Emirates News Agency

UAE leadership provides proper care for orphans, says Ajman Ruler

AJMAN, H.H. Sheikh Humaid bin Rashid Al Nuaimi, Supreme Council Member and Ruler of Ajman, commended the leadership’s contributions and care for orphans through the establishment of governmental and non-governmental organisations for the comprehensive care of orphans.

Sheikh Humaid paid tribute to President His Highness Sheikh Khalifa bin Zayed Al Nahyan, His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, and Their Highnesses Supreme Council Members and Rulers of the Emirates for their incessant support for this segment and its development and welfare based on Islamic teachings of social solidarity.

”The UAE people have wonderful examples of humanitarian works targeting orphans, destitute and underprivileged within the UAE and abroad,” he said following the opening ceremony of the third Ajman Festival for Orphans on Saturday.

”Islam urges Muslims to take care of orphans and uphold their rights so as to provide them with a decent life and social and psychological stability,” he stated.

Sheikh Humaid toured the venue and saw the various activities of the festival including the corners for innovation and creativity, technology, arts, children and family, health and nutrition, and the heritage village.

The event is organised by the Council for Coordination of Charitable Work in Ajman in partnerships with other local humanitarian actors.

Around 250 orphans are participating in the activities of the festival.

Source: Emirates News Agency

Mohammed bin Rashid watches 2000 Guineas Stakes

LONDON, His Highness Sheikh Mohammed bin Rashid Al Maktoum, the Vice President, Prime Minister and Ruler of Dubai,watched today the 2000 Guineas Stakes, the first Classic race of the British racing season, at Newmarket’s Rowley Mile course.

The race was also attended by H.H. Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai,H.H. Sheikh Hamdan bin Rashid Al Maktoum, Deputy Ruler of Dubai and UAE Minister of Finance, and Her Royal Highness Princess Haya bint Al Hussein, wife of Vice President and Prime Minister of the UAE and Ruler of Dubai HH Sheikh Mohammed bin Rashid Al Maktoum.

UAE riders dominated the racing scene, winning most races.

Oasis Charm, owned by Godolphin, won the opening 1800 metre race (Spring Lodge Stakes).

Defoe, owned by Mohammed bin Obeid Al Maktoum, won the 2400 metre Dunaden Jockey Club Stakes.

Godolphin’s Tribal Quest dominated the 1200 metre Hot Streak Handicap (Class 2).

Key Victory, owned by Godolphin,scooped the 2000 metre Havana Gold Newmarket Stakes.

Godolphin’s Symbolization made victory in the last 1600 metre race.

Source: Emirates News Agency

DIFC, Accenture sign agreement to cement FinTech Hive at DIFC position globally

DUBAI, Dubai International Financial Centre, DIFC, the leading international financial hub in the Middle East, Africa and South Asia, MEASA, region, has signed a Memorandum of Understanding, MoU, with professional services company Accenture (NYSE: ACN) to foster innovation in the financial services industry globally.

Under the MoU, FinTech Hive at DIFC the first financial technology accelerator in the MEASA region will collaborate with Accenture’s FinTech Innovation Labs in New York, London and Hong Kong to share resources and knowledge on the latest research and trends in financial technology. The agreement will help build long-term relationships across the accelerator’s international initiatives, further cementing synergies between the DIFC and Accenture.

In line with DIFC Growth Strategy 2024 and Dubai Vision 2021, FinTech Hive at DIFC fills an important void in the market by giving financial giants access to state-of-the-art technologies to support their digital transformation while providing innovators with invaluable access to potential clients and investors.

Arif Amiri, Chief Executive Officer of DIFC Authority, said, “This agreement leverages DIFC’s position as the top Fintech hub in the region and Accenture’s expertise in shaping a world-class innovation platform. The UAE’s position as a hub for financial institutions and for innovative talent gives the FinTech Hive at DIFC a competitive advantage for fostering FinTech growth.

“What sets us apart, is our ability to harness the assets to grow Fintech locally that will ultimately create more jobs, attract investments and support the economy as a whole. By teaming up with Accenture’s FinTech Innovation Labs from around the world, we aim to utilise this demand to support innovation and growth as well as strengthen Dubai’s position as one of the world’s top 10 FinTech hubs.”

The FinTech Innovation Labs are annual 12-week accelerator programmes that bring together early-stage financial technology companies and the world’s leading financial institutions. Globally, the labs’ alumni companies have raised more than US$1.07 billion in venture financing after participating in the programmes.

Sushil Saluja, Senior Managing Director in Accenture’s Financial Services practice, said, “We are excited to further grow our fruitful partnership with the DIFC. Accenture will facilitate and create ties between the DIFC accelerator and our FinTech Innovation Labs in Europe, North America and Asia. In today’s hyper-connected world, this type of alliance is critical for maximising talent development and innovation. With surging demand for FinTech solutions and Dubai’s increasing presence on the global financial scene, we are confident that this international collaboration will generate incredible opportunities for the region.”

DIFC has recently announced that the 2018 programme, which is opening for applications in May, will be expanded to include insurance, Islamic finance, and regulatory technology services. First Abu Dhabi Bank, Arab Bank and Noor Bank will join the programme this year, with returning financial institutions to include Abu Dhabi Islamic Bank, Citigroup, Emirates Islamic, Emirates NBD, HSBC, Mashreq, Standard Chartered, UAE Exchange, and Visa.

Source: Emirates News Agency