Bloomberg Microsoft Corp. and its competitors should eschew artificial intelligence systems that replace people instead of maximizing their time, Chief Executive Officer Satya Nadella said. “The fundamental need of every person is to be able to use their time more effectively, not to say, ‘let us replace you’,” Nadella said in an interview at the DLD conference in Munich. ...

  Bloomberg Qualcomm Inc. built itself into the world’s biggest and most profitable smartphone chipmaker by using a simple formula: selling billions of dollars worth of semiconductors while raking in fat profits from licensing fees tied to the underlying technology. That lucrative model is under siege on a growing number of fronts — most recently this week when the US ...

  Dubai / Emirates Business Panasonic, a leading provider of integrated security and video surveillance solutions, introduced its next generation i-PRO® Extreme technology platform at Intersec 2017, taking place at the Dubai International Convention and Exhibition Centre (DICEC) from January 22 -24. Panasonic Marketing Middle East and Africa (PMMAF) has launched the i-PRO Extreme in response to the fast growing ...

  Munster / DPA This mummy has probably had a more eventful afterlife than anything in the three-decade lifespan of the Egyptian man who died and was embalmed and wound in bandages 2,700 years ago. Somewhere along the way the body lost its head, and it may have attended high-school parties in the role of a spook. Apart from lacking ...

  Chichigalpa / DPA Death lurks in the sugarcane fields. He reaps the strong young men, sometimes before they’ve even turned 30. The ones who get away are marked for life, sick and unfit for work. “We’re the walking dead,” says former sugarcane cutter Juan Salgado. There’s a mysterious illness making its way around Central America. It has already claimed ...

  ABU DHABI / WAM The UAE Central Bank has announced that the Money Supply aggregate ‘M1’ increased by 0.3% from AED472.6 billion at the end of November 2016 to AED474 billion at the end of December 2016. In its statement, the bank added that Money Supply aggregate ‘M2’ increased by 1%, from AED1212.9 billion at the end of November ...

  Dubai / Emirates Business Emirates Real Estate Fund (EREF) agreed a $190.6 million (AED 700 million) Shari’a compliant finance facility with Emirates NBD, on attractive commercial terms. The new facility will help contribute to restructuring the balance sheet and creating a more efficient capital structure with the aim of ultimately enhancing returns to investors. EREF’s fund manager, Emirates NBD ...

  DUBAI / WAM Dubai SME, the agency of the Department of Economic Development (DED) in Dubai mandated to develop the small and medium enterprise (SME) sector, signed a Memorandum of Understanding (MoU) with Majid Al Futtaim Retail to support members of Dubai SME through the display of their products at Carrefour hypermarkets and supermarkets. Carrefour is a subsidiary of ...

  ABU DHABI / WAM The UAE’s Federal Authority for Nuclear Regulation (FANR) issued two licences: the first to transport ‘fresh’ nuclear fuel (i.e. fuel that is unirradiated), and the second to handle and store such fuel at Unit 1 of the Barakah Nuclear Power Plant. The receipt of nuclear fuel will be a first for the UAE, and FANR ...

  Sharjah / WAM Proper education is a shield against destructive ideas and misguided groups, His Highness Dr Sheikh Sultan bin Mohammed Al Qasimi, Supreme Council Member and Ruler of Sharjah, said. A solid family background contributes effectively to the nation-building, he added. The Sharjah Ruler expressed his views during a television talk show hosted on Sunday noon by Sharjah Satellite ...