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China’s NIO tests investor appetite for electric cars - Dotemirates

China’s NIO tests investor appetite for electric cars

Bloomberg The global excitement about electric cars faces a test in New York on Wednesday.China’s NIO Inc., which seeks to take on the likes of Tesla Inc., starts trading on the New York stock exchange after raising about $1 billion selling American depositary shares at$6.26 apiece. The electric-car maker, backed by Tencent Holdings Ltd., priced the stock near the low end of its offering amid the tumult in Tesla shares, a global trade war and investor qualms over its manufacturing capabilities and profitability.The sale, which values NIO at about $6.4 billion, will test investor appetite for electric-car makers vying to...


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UAE News

1 hour 8 minute

‘Majlis Al Mushrif’ hosts lecture on UAE parliamentary process, political development

ABU DHABI, 22nd September, 2018 (WAM) -- The Majalis Affairs Office at the Abu Dhabi Crown Prince’s Court organised a lecture on the parliamentary process and political development in the UAE at 'Majlis Al Mushrif' in collaboration with the Ministry of State for Federal National Council Affairs, MFNCA. Tariq Hilal Lootah, the Ministry’s Under-Secretary for Federal National Council, FNC, Affairs, discussed the UAE’s previous elections and the successes that were achieved in that regard, highlighting the great turnout and participation in the polls from all segments of society. He stressed the prominent role that elections play in establishing and strengthening...
1 hour 12 minute

DSOA opens North Park, new community green space

DUBAI, 22nd September, 2018 (WAM) -- Dubai Silicon Oasis Authority, DSOA, has opened North Park, a new public park situated near the Cedre Villas project to enhance the overall resident experience and foster community spirit. The opening of the park aligns with the DSOA's desirable society pillar as part of its 2021 Strategy. The 35,000 square metres North Park, set amid a lush landscape, offers a diverse mix of amenities including water fountains, a kids’ play area with a separate section for toddlers, sports facilities, food and beverage options, and a parking lot for 91 cars. Designed with strollers and...
2 hour 7 minute

Co-education in UAE helps to develop healthy gender ties

All government schools in the UAE are now teaching boys and girls side-by-side in Grade 1 (pupils aged five to six) from this academic year which began in September. The move was following a decision by the education authorities in the country. This major policy change from the Ministry of Education (MoE) will be upgraded to other grades in all public schools on a yearly basis. The new strategy will include Grade 2 next academic year and then continue until mixed classes are in operation up to Grade 4. Many private schools in the UAE have mixed classrooms but public...

2 hour 9 minute

Man resigns after 27 years from UAE job for not getting salary increase

Teachers in Ras Al Khaimah have resigned in protest after more than 25 years of service without a raise or a promotion. The Ministry of Education allegedly accepted the letters of resignation without an exit interview to discuss their cases nor taking into consideration the reasons behind them taking such drastic action, as per Al Khaleej report. One of the teachers, an Emirati who served for 27 years in the profession, graduated from UAE University in 1991. The ministry approved his resignation letter in less than ten days of his submitting it. He only received an email stating that his...
2 hour 43 minute

RAK Ruler attends wedding ceremony

RAS AL KHAIMAH, 21st September 2018 (WAM) - H.H. Sheikh Saud bin Saqr Al Qasimi, Supreme Council Member and Ruler of Ras al-Khaimah, attended on Friday a reception hosted by Ali Ahmed Al Harmi to celebrate wedding of his grandson Saif to the daughter of Dr. Atiq Abdul Aziz Jakkah Al Mansouri. Sheikh Saud congratulated the two families and wished the couple a happy married life.
3 hour 12 minute

UAE gives Dh15 billion in aid to Yemen since 2015

The UAE's total assistance to Yemen has reached Dh14.79 billion ($4.03 billion) during the period from April 2015 to September 2018. The aid was provided to meet the basic needs of more than 16.7 million Yemenis, including 10.1 million children and 3.4 million women. This year, the UAE assistance amounted to $1.24 billion, part of which around $465 million were allocated to support the United Nations Yemen Humanitarian Response Plan (YHRP). The humanitarian aid covered public programmes, power generation and supply, transport and storage, budget support, development of civil society, judicial and legal sectors, health, education, construction and social services...