Dubai / WAM The UAE Ministry of Education revealed on Saturday its plans to launch the first-of-its-kind programme in the region titled ‘Industrial Revolution X’ (IR-X). The programme is designed to equip UAE nationals with the knowledge, skills and hands-on expertise required to keep apace with modern technologies and scientific advancements occurring globally. IR-X will kick off with a ‘Design ...

Abu Dhabi / WAM The UAE-US joint military exercise, ‘Native Fury’ 2018 will kick off here on Sunday, with the participation of units of the UAE and US naval units. This is part of a joint exercise plan for the two countries to train in planning and carrying out joint operations. The two-week event aims to exchange expertise, enhance combat ...

Abu Dhabi / WAM The Catalyst, a startup ‘accelerator’ initiative between Abu Dhabi’s renewable energy company (Masdar), and the international oil and gas company (BP), was relaunched at Abu Dhabi Sustainability Week (ADSW 2018), and is now accepting applications from local and international entrepreneurs. Based at Masdar City free zone in Abu Dhabi, the Catalyst is the region’s first sustainability-focused ...

Bloomberg India slashed tax rates on some goods and services just days ahead of the country’s budget, as it continues to rationalise its six-month-old regime to ease the pain for businesses hit by its chaotic roll out. A panel of federal and state finance ministers decided to revise GST rates on 29 goods and 53 services, Finance Minister Arun Jaitley ...

Bloomberg Moody’s Investors Service estimates Jio, the mobile carrier run by India’s richest man, may invest as much as $23 billion on capital spending over three to four years as it expands beyond wireless services. Reliance Jio Infocomm Ltd.’s parent Reliance Industries Ltd. has already spent more than $31 billion to break into India’s mobile-phone market. The 2016 upstart, known ...

Bloomberg Byton, the Chinese electric-car startup founded by former BMW AG executives, is seeking about $400 million in a new round of funding, people with knowledge of the matter said. The Nanjing-based company, which showcased a concept car at the Consumer Electronics Show in Las Vegas this month, has been reaching out to potential investors to gauge their interest, according ...

Bloomberg Biocon Ltd. said it signed a deal to develop copycat versions of biologic drugs with a unit of Novartis AG, its latest move to become a global player in the next generation of generic medicines after a similar partnership with Mylan NV delivered a recent success. The tie-up with Novartis’s generics unit Sandoz will focus on developing copies, or ...

Bloomberg Apple Inc. said it will bring hundreds of billions of overseas dollars back to the US, pay about $38 billion in taxes on the money and spend tens of billions on domestic jobs, manufacturing and data centers in the coming years. The iPhone maker plans capital expenditures of $30 billion in the US over five years and will create ...

Bloomberg A claim that leaving the European Union would free up an extra 350 million pounds ($485 million) a week for the UK’s state-funded health service was one of the most controversial parts of the 2016 Brexit referendum. It was made by Vote Leave, which emblazoned the figure on the side of its campaign bus, and Foreign Secretary Boris Johnson ...

Bloomberg Google Inc. is set for its first battle in a London court over the so-called “right to be forgotten” in two cases that will test the boundaries between personal privacy and public interest. Two anonymous people, who describe themselves in court filings as businessmen, want the search engine to take down links to information about their old convictions. One ...