Dubai / WAM Mohammad Abdullah Al Gergawi, UAE Minister of Cabinet Affairs and Chairman of the World Government Summit (WGS) Organisation, opened the first day of WGS2022 by setting out how governments need to adapt to an accelerating speed of change that will challenge regulators’ ability to keep pace. Mohammad Al Gergawi gave ‘three readings of the future’ centred ...

  DUBAI / WAM Expo 2020 Dubai recorded more than one million visits last Friday, Saturday and Sunday as visitors say their final goodbyes to what has been a spectacular six months. More well-wishers are expected to flock to the site in the remaining three days to be part of the World Expo’s closing action and entertainment – including what ...

  Abu Dhabi / WAM Abdullah bin Touq Al Marri, Minister of Economy, met with Larry Fink, CEO of BlackRock, a leading global asset management company, to discuss ways of boosting their investments in various economic sectors. The meeting took place during the Investopia Investment Summit, on the sidelines of the World Government Summit 2022. Al Marri highlighted the summit’s ...

  ABU DHABI / WAM The UAE, represented by the Telecommunications and Digital Government Regulatory Authority (TDRA), participated in the 2022 Session of the ITU Council at the ITU headquarters in Geneva. Majed Sultan al-Mesmar, Director-General of the TDRA, headed the TDRA’s delegation while Saif bin Ghelaita, Executive Director of the Technology Development Affairs Department at the TDRA, chaired the ...

  DAR ES SALAAM / WAM DP World on Tuesday announced the launch of its wholesale e-commerce platform Dubuy.com in Tanzania. The online marketplace will give Tanzanian businesses better access to international markets. It will also provide a more secure and reliable supply chain, through DP World’s worldwide ports and logistics network. The new platform enables Tanzanian businesses to buy ...

  Bloomberg Southwest Gas Holdings Inc priced shares at $74 apiece in a stock sale to fund its $2 billion acquisition of a pipeline company that activist investor Carl Icahn tried to block. The price is below an offer made by Icahn, who has been rebuffed in efforts to take over the utility owner. Southwest Gas will raise about $392.5 ...

  Bloomberg German energy giant E.ON and Australia’s Fortescue Future Industries plan to supply green hydrogen to Europe as the continent seeks to cut its dependency on Russian energy. The companies will work together to supply 5 million metric tons of green hydrogen a year by 2030, they said in an emailed statement, after signing a memorandum of understanding in ...

Russia’s invasion of Ukraine has been met with crippling sanctions, brought an untold human and economic cost, and turned it into an international pariah. But one of the most damaging long-term consequences may be the resulting hollowing out of the nation’s vast pool of tech talent. As many as 70,000 information technology workers have already fled the country and another ...

Signs are emerging that the resilience of American consumers is rapidly waning, potentially undermining one of the few remaining pillars supporting the bull market in equities. US households have until recently mostly absorbed higher prices on everything from coffee to chicken to clothes, helping companies maintain fat profit margins despite higher input. But that doesn’t mean consumers were happy about ...

  Shanghai is China’s most important financial hub as well as the regional headquarters of global brands such as Apple Inc, Tesla Inc and LVMH Moet Hennessy Louis Vuitton SE. Until recently, it also executed China’s “dynamic clearing” Covid policy better than the country’s other municipalities. With a staff of over 3,000 conducting contact tracing in the city of 25 ...