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MBRSC, NatGeo to document UAE’s journey into space

ABU DHABI / WAM National Geographic on Wednesday announced a four-year partnership with the Mohammed bin Rashid Space Centre (MBRSC), to document the UAE’s journey into space. In a four-part documentary series, National Geographic (NatGeo) will present to the world the UAE’s rise into space, its achievements and ambitions. The series is set to capture the essence of why and ...

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UAE top growth market in GCC for LatAm, Caribbean traders

PANAMA CITY / WAM Trade flows between GCC countries and Latin America and the Caribbean (LAC), reached $16.3 billion in 2018, while the UAE remained a top trading partner in the Gulf region for LAC countries, according to a new report conducted by the Inter-American Development Bank (IDB), in cooperation with the Dubai Chamber of Commerce and Industry. The report, entitled ...

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Abu Dhabi all set to host OIC festival from April 24

Abu Dhabi / WAM The UAE capital will host the second edition of the Festival of the Organisation of Islamic Cooperation (OIC), at the Abu Dhabi National Exhibition Centre (Adnec) from April 24-27. The festival, which is held under the theme, ‘One Nation Unified by Benevolent Cooperation, Justice and Tolerance’, aims to emphasise the message and teachings of Islam in bringing ...

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US, China to further talks on cloud access in trade deal

Bloomberg US and Chinese negotiators are discussing adding a concession on cloud computing to their trade agreement that would give foreign companies greater access to the $12 billion Chinese market, people familiar with the talks said. Chinese officials called a meeting this week with representatives of companies including Microsoft Corp, Apple Inc and Amazon.com Inc to talk about the proposal ...

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Vietnamese cashew entrant takes on Olam in Africa deals

Bloomberg A Vietnamese conglomerate is entering the cashew market with possible deals in West Africa for more than a 10th of global output, a bold start to take on the $7 billion industry’s dominant buyers such as Olam International Ltd. In a fractured sector with dozens of producers, the purchase of such a large amount of cashews by a single ...

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Uber seeks about $10bn in year’s biggest IPO in US

Bloomberg Investors could get their first look at hundreds of pages of detailed information about Uber Technologies Inc. as soon as Thursday, as the ride-hailing giant gears up to publicly file for an initial public offering. The global ride-hailing company will kick off a road show to market shares to potential investors this month and would begin trading publicly in ...

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UK economy set for stronger quarter as output rises again

Bloomberg The UK economy is on course for a stronger-than-forecast first quarter despite an escalating Brexit crisis that’s divided Parliament and the government. Gross domestic product rose 0.2 percent in February after a 0.5 percent jump in January. That means the economy will expand 0.5 percent in the first quarter if GDP is unchanged in March. That’s more than double ...

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Brazil to pay Petrobras $9b in contract settlement

Bloomberg Brazilian oil giant Petrobras will get $9.06 billion to settle a deep-water contract dispute with the government, ending years of negotiations and paving the way for Big Oil to access enormous crude deposits in the area. Energy Minister Bento Albuquerque told reporters that compensation for a 2010 contract review will be paid in one settlement, and the resolution will ...

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South Korean leader tries to rescue Trump-Kim talks

Bloomberg A year ago, South Korean President Moon Jae-in was preparing to host Kim Jong-un on the southern side of their fortified border — a historic high-water mark that fuelled talk of a Nobel Peace Prize. Now, he’s heading back to Washington, hoping a direct appeal to US President Donald Trump can keep all that from slipping away. The South ...

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Mohamed, Nigerian president discuss ways to strengthen ties

Abu Dhabi / WAM His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, and President Muhammadu Buhari of Nigeria, discussed bilateral ties across multiple sectors, and exchanged views on issues of common interest. In a meeting held on Tuesday in Abu Dhabi, Sheikh Mohamed bin Zayed welcomed ...

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