ABU DHABI / WAM The Sheikh Zayed Heritage Festival, named after the late Sheikh Zayed bin Sultan Al Nahyan, founding father of the United Arab Emirates, will welcome visitors from all over the world for a memorable experience to discover the culture and heritage of the UAE through its arts, crafts, gastronomy and customs. The festival, which kicks off Thursday ...
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UAE, Russia ink deal to bolster collaboration in hydrogen tech
Abu Dhabi / WAM The UAE Ministry of Industry and Advanced Technology (MoIAT) signed a memorandum of understanding (MoU) with the Ministry of Industry and Trade of the Russian Federation to bolster industrial collaboration in hydrogen fuel technology. In line with their common objective to develop sustainable and reduced or emission-free energy sources, as well as achieve a carbon neutral ...
Read More »Etihad Cargo all set to deploy AI-powered airfreight loading
Abu Dhabi / Emirates Business Etihad Cargo, the cargo and logistics arm of Abu Dhabi’s Etihad Aviation Group, entered into a Proof-of-Concept agreement with Speedcargo, the leading-edge logistics technology solutions provider, to utilise the Singapore-based provider’s artificial intelligence (AI) products to boost cargo capacity on flights. The landmark agreement makes Etihad Cargo only the second aviation company worldwide to leverage ...
Read More »Adipec 2021 charts the path to unlocking decarbonised future
ABU DHABI / WAM The global maritime community convened at the Adipec 2021 Offshore and Marine Conference on Wednesday to explore the critical enablers of decarbonising the industry and ensuring it is on track with the International Maritime Organization (IMO) targets and the UN Sustainable Development Goals. Held under the patronage of President His Highness Sheikh Khalifa bin Zayed Al ...
Read More »UAE to mark Oman’s 51st National Day
Abu Dhabi / WAM The UAE will celebrate Oman’s 51st National Day on November 18, underscoring the close relations between the two countries, which have witnessed significant development under the leadership of President His Highness Sheikh Khalifa bin Zayed Al Nahyan and HM Sultan Haitham bin Tariq, reaching the level of a strategic partnership in political, economic, social and cultural ...
Read More »UAE to host ‘Cybertech Global Conference’ in June
Dubai / WAM The Cybertech Global Conference 2022, returns to Dubai for the second time in full scale on the June 13-14, 2022, gathering thousands of C level decision makers and brings new market opportunities for multinational corporations, startups, private and corporate investors, venture capital firms, government entities and academia. The conference aims to foster expert collaborations, create new business ...
Read More »Walmart is planning for a post-inflation world
Inflation is so 2021. Walmart Inc has already been preparing quietly for the day prices drop so that it can beat rivals to the punch and hold on to all the customers it has gained during the pandemic. Other retailers should take notice. “We’re out there asking suppliers even now, ‘Do any of you want to get aggressive and swim ...
Read More »Just tell all to go get a Covid booster
It looks as though the White House may have finally figured out the obvious: It’s time to roll out Covid-19 booster shots to everyone, ASAP. Medical specialists are still debating the extent to which boosters are strictly necessary, given that one- and two-dose vaccine regimens seem to be protecting people against life-threatening disease. And there’s an ethical debate about whether ...
Read More »US dollar throws shade at currency weaklings
The premise that the dollar is the world’s safe haven is a constant in this ever-changing world. It’s certainly proving true this year. The US Dollar Index, known as the DXY and measuring the dollar’s value against the world’s major currencies, is at its highest since July 2020 and looks poised to surge even more, fueled by eyewateringly high US ...
Read More »Fed has more options than 0% interest rates
After the red-hot US consumer price index reading of 6.2%, debate around what the Federal Reserve should do about inflation has reached a fever pitch. There are two prevailing schools of thought: The Fed should do nothing. The Fed should speed up the pace at which it gradually tightens monetary policy. Some of those who side with view No. 1 ...
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