Dubai / WAM Dubai Customs has officially launched its Cross Border e-Commerce platform to help the emirate become a global hub for e-commerce and encourage e-commerce companies set their businesses in Dubai. Launched as part of Dubai Customs’ participation in the 3rd UAE Customs Week 2020, the new blockchain based project was piloted in September 2019, and comprises two phases. ...

ABU DHABI / WAM The Department of Health – Abu Dhabi (DoH), the regulator of the healthcare sector in Abu Dhabi, and Etisalat announced the launch of the ‘Digital Healthcare’ Centre. The new initiative aims to drive innovation in the areas of chronic disease management and digital health, in addition to the use of blockchain, Artificial Intelligence (AI), technologies, and ...

ABU DHABI / WAM Homegrown UAE aviation and aerospace products made and delivered across the world by Strata to some of the industry’s biggest players, including Boeing and Airbus, will now carry the UAE Nation Brand’s logo and ‘Make it Happen’ slogan. Strata and the UAE Nation Brand also announced that the logo and slogan will appear at several Strata ...

FUJAIRAH / WAM Oil product stocks in the Middle Eastern hub of Fujairah climbed to a five-week high, led by a surge in jet fuel and other middle distillate stocks, data released Wednesday by the Fujairah Oil Inventory Zone (FOIZ), showed. Total stocks rose 1.2 percent week on week to 21.561 million barrels, the highest since December 23, with middle ...

Bloomberg UK prime minister Boris Johnson risked a rift with president Donald Trump as he gave Huawei Technologies Co the green light to help develop Britain’s next-generation broadband networks. While the UK government announced it will keep what it calls high-risk vendors such as Huawei out of the most sensitive core parts of its 5G mobile networks, the company will ...

Bloomberg Facebook Inc Chief Executive Officer Mark Zuckerberg is slated to visit Brussels in mid-February, meeting with European Union (EU) officials as the social media giant fends off antitrust and privacy scrutiny over how it handles user data. Zuckerberg’s trip to the EU capital follows a recent visit by Alphabet Inc’s chief Sundar Pichai and comes as the EU is ...

Bloomberg UK house prices jumped the most in more than a year in January, according to Nationwide Building Society. Values rose 1.9% from a year earlier, the most since November 2018, the mortgage lender said on Wednesday. From December, prices increased 0.5%. The UK housing market is showing signs of life after Boris Johnson’s decisive election victory brought about a ...

Bloomberg Apple Inc Chief Executive Officer (CEO) Tim Cook said the company has some suppliers in the Wuhan area of China impacted by the coronavirus outbreak, and is working with them to mitigate any production loss. Cook said the impact outside of Wuhan is less clear. He said that the factories are starting back up after the Lunar Holiday on ...

Bloomberg US equity futures climbed along with stocks in Europe as corporate earnings and the Federal Reserve rates decision on Wednesday gave investors a fresh focus while concerns linger over the deadly coronavirus. Treasuries gained with most European bonds. Mining and construction shares led the Stoxx Europe 600 index higher, with 17 of 19 industry sectors in the green. Contracts ...

Bloomberg There are signs that concern in the global foreign exchange market over the deadly coronavirus may be wearing off. Haven currency the Swiss franc slipped to nearly a three-week low against the dollar on Wednesday, even as the virus spread further. The Japanese yen, another traditional refuge, has failed to gain since Hong Kong initiated travel bans, while the ...