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Abu Dhabi / WAM The UAE’s continued efforts to improve gender diversity in the boardroom have led to more women holding board positions this year (8.9 percent), up from 3.5 percent in 2020, according to research undertaken by Aurora50, a social enterprise working towards gender parity in GCC boardrooms, and Mohammed Bin Rashid School of Government. In a first-of-its-kind study ...

  ABU DHABI / WAM Industrial leaders in the UAE have participated in the second edition of Industry 4.0 and AI for Industrial Leaders, a professional training programme delivered as part of a collaboration between the Ministry of Industry and Advanced Technology (MoIAT) and Mohamed bin Zayed University of Artificial Intelligence (MBZUAI). The four-day programme is designed to develop knowledge ...

  Abu Dhabi / WAM To mark the museum’s fifth anniversary, Louvre Abu Dhabi and Swiss watchmaking brand Richard Mille announced the second edition of the Louvre Abu Dhabi Art Here exhibition and the Richard Mille Art Prize, which will call on GCC artists (nationals and residents) working in various media to become part of its universal story. Curated by ...

  Bloomberg BP’s acquisition of a stake and lead role in a $36 billion green hydrogen development in Western Australia is casting a spotlight on a slew of ambitious projects around the world that are promising to deliver massive amounts of the clean fuel. Green hydrogen, produced using water and renewable electricity, is widely predicted to play a crucial role ...

  Bloomberg China launched its third and most modern aircraft carrier, a watershed moment for President Xi Jinping’s efforts to modernize the armed forces and narrow his country’s military gap with the US. The new carrier, christened the Fujian, was launched from Jiangnan Shipyard near Shanghai on Friday at ceremony attended by military and civilian leaders, state broadcaster China Central ...

  Bloomberg French Finance Minister Bruno Le Maire said he is determined to get a European Union agreement on a global corporate minimum tax, setting up a clash with Hungary at a meeting of officials in Luxembourg on Friday. Disagreements over how to implement the levy have dogged France’s six month presidency of the EU that concludes at the end ...

  Bloomberg Germany’s biggest union said it has won a 6.5% pay rise — the biggest in 30 years — for steel workers in the northwest of the country, setting the stage for upcoming talks in the metals- and electronics industries. The 18-month deal for about 68,000 steel industry employees includes one-off payments of 500 euros ($524) for June and ...

  Bloomberg Europe’s new-vehicle sales slumped for an 11th consecutive month as record inflation and falling consumer confidence joined prolonged supply-chain disruptions. Registrations fall 12.5% to 948,149 vehicles in May, the European Automobile Manufacturers’ Association said. Hardest-hit among major automakers was Volkswagen AG, which saw sales drop by more than 21% from the same month last year. After nearly a ...

  Bloomberg One of the architects of the European Union’s sweeping General Data Protection Regulation (GDPR) admitted the law needs a revamp to ensure its fit for purpose amid growing attacks on citizens’ privacy. Four years after it took effect, European Commission Vice President Vera Jourova said “targeted improvements” are now needed to the GDPR “in the age of tools ...

  Abu Dhabi / WAM Abu Dhabi Securities Exchange and Al Maryah Community Bank (MBank), the UAE’s first digital bank, signed an agreement on Thursday to facilitate initial public offering (IPO) subscriptions and streamline the process for obtaining a National Investor Number (NIN). As part of the agreement, MBank customers will be able to digitally create a NIN and self-subscribe ...