Abu Dhabi / Emirates Business As commercial airliners become more technologically advanced, so too must the skills of the pilots who will fly them. But while aircraft continue to evolve, training methods have not only lagged – they have become increasingly irrelevant to today’s trainee pilots, who have grown up in the digital age. In a statement, Etihad Aviation Training ...
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DSOA unveils AI-powered conversational bot ‘Hadi’
Dubai / Emirates Business Dubai Silicon Oasis Authority (DSOA) has launched “HADIâ€, an AI-Based Conversational Bot that can answer users’ questions and process transactions with respect to DSOA’s services. HADI will be available on the organisation’s website and other messaging applications, and will constantly evolve to reflect accurate, up-to-date information about Dubai Silicon Oasis business and community services. HADI is ...
Read More »DIEDC expanding network of strategic partners in GCC
Dubai / Emirates Business Dubai Islamic Economy Development Centre (DIEDC) signed a cooperation agreement with Islamic Economics Institute (IEI) at King Abdul Aziz University in Saudi Arabia, expanding its network of strategic partners in the GCC region. The agreement opens doors for the exchange of knowledge and experience in Islamic economy between the two entities, in addition to coordinating their ...
Read More »AquaChemie to set up $40m chemical terminal facility at Jebel Ali Port
Dubai / WAM AquaChemie Middle East – a leading regional chemical distributor with an extensive supply chain network and manufacturing base across the GCC region – is poised to build a state-of-the-art chemical terminal facility at Jebel Ali Port in Dubai. Estimated to cost AED150 million ($40 million), the one-of-its-kind facility will serve as a strategic gateway hub to enable ...
Read More »US House passes Xinjiang bill, prompting threat from China
Bloomberg The US House of Representatives overwhelmingly approved legislation that would impose sanctions on Chinese officials over human rights abuses against Muslim minorities, prompting Beijing to threaten possible retaliation just as the world’s two largest economies seek to close a trade deal. The bill is an amended version of the Senate’s S. 178 to support the Uighurs, a Muslim ethnic ...
Read More »Floods, landslides kill 132 in Kenya
Bloomberg At least 132 people have been killed in floods and landslides caused by unusually heavy rainfall in Kenya. Around 17,000 were displaced and 11,000 livestock swept away by strong waters, government’s spokesman Cyrus Oguna said. More than half of the country has been affected, according to Oguna. The rains have helped alleviate the drought conditions across the country that ...
Read More »Stocks advance on fresh hopes for US-China deal
Bloomberg US equity futures advanced with European stocks after a news report that China and America were moving closer to a trade deal, despite heated rhetoric. Treasuries and gold slipped. Contracts on three main American index futures rebounded after Bloomberg reported US negotiators expect a phase-one deal with China to be completed before tariffs are set to rise on December ...
Read More »Alibaba’s HK rally is at risk from misconceptions
Bloomberg Alibaba Group Holding Ltd’s landmark $11 billion share sale and listing in Hong Kong on November 26 was galvanised by expectations the Chinese e-commerce giant will attract a vast pool of capital from its home country. But some investors caution against unrealistic expectations, especially by mainland investors, and highlight certain restrictions that still govern — and potentially curtail — ...
Read More »Indonesian stocks expected to hit record in 2020: JPMorgan
Bloomberg After two years of stagnant growth, Indonesian stocks will hit a record in 2020, when President Joko Widodo’s policies to shore up the economy take effect, say analysts from JPMorgan and Morgan Stanley. JPMorgan, which says it’s the most bullish on the Street, sees the benchmark Jakarta Composite Index rallying 19% from the current level to a record 7,250 ...
Read More »China, US closer to phase-one deal despite heated rhetoric
Bloomberg The US and China are moving closer to agreeing on the amount of tariffs that would be rolled back in a phase-one trade deal despite tensions over Hong Kong and Xinjiang, people familiar with the talks said. The people, who asked not to be identified, said that US President Donald Trump’s comments downplaying the urgency of a deal shouldn’t ...
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