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ABU DHABI / WAM The Abu Dhabi Securities Exchange (ADX), announced the establishment of the ‘Zayed Centre of Excellence for Financial Research’, at the Higher Colleges of Technology – Abu Dhabi Women’s campus. The Centre’s main objectives includes collaborating with HCT on research related to finance including, but not limited to, finance-related data analytics, financial technology services, artificial intelligence, blockchain, ...

Abu Dhabi / WAM As part of the Abu Dhabi Government’s accelerator programme ‘Ghadan 21’, the Department of Culture and Tourism – Abu Dhabi, DCT Abu Dhabi, has announced strategic initiatives to further drive the development of the Emirate’s tourism sector. In line with the Ghadan 21 ambition, to make Abu Dhabi one of the best places in the world ...

Bloomberg Officials from China’s predominately Muslim region of Xinjiang defended mass detention camps as necessary to fight terrorism and vowed to maintain the crackdown for a “long time.” Local security policies had prevented a major terrorist attack in the region for more than two years, Xinjiang government chief Shohrat Zakir told a regional delegation meeting in Beijing on Tuesday. Even ...

Bloomberg China’s multi-year campaign to contain financial risk is re-focusing on the so-called “hidden debt” owed by local governments, as officials seek to reduce repayment pressures amid falling tax revenues. Provinces and cities from Jiangsu in the east to Qinghai in the west are looking for means to pay-off or restructure their implicit borrowings, a term which includes off-book funding ...

Bloomberg The catastrophic slump of Singapore’s much-vaunted water and power company, Hyflux Ltd., has stunned 34,000 retail investors who were lured by the promise of a 6 percent annual return forever from a company that seemed to have a gold seal of government approval. At the heart of the debacle is Tuaspring, a desalination and power plant that cost S$1.1 ...

Bloomberg European debt markets have suddenly become more appealing to some big American corporations again, spurred in part by monetary policy changes. Several American household names have recently crossed the pond to issue debt in Europe. Companies such as Altria Group Inc., Coca-Cola Co., Ford Motor Credit Co. and International Business Machines Corp., among others, together have sold almost 18 ...

Bloomberg US companies submitted a record number of patent applications to the European Patent Office in 2018, retaining the country’s status as the most prolific filer. The 43,612 patent applications US companies filed was 25 percent of the total, the agency said on Tuesday, and far more than the 26,734 filed by Germany, the closest competitor. It was up 2.7 ...

Bloomberg Volkswagen AG aims to produce almost 50 percent more electric cars than it previously targeted, boosting a bet that has already strained profit margins. The world’s largest automaker now plans to build 22 million vehicles over the next 10 years, compared with an earlier goal of 15 million. Return on sales fell last year at the company’s three core ...

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, on Monday honoured the supporters of Sandooq Al Watan, who have been contributing to achieving the initiative’s national objectives since its establishment. “UAE nationals embody the quintessential Emirati values of giving, the seeds of ...

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, received on Monday, President Faure Gnassingbe of Togo, at the Beach Palace in Abu Dhabi. During the meeting, the two sides discussed bilateral ties between the UAE and Togo, and means of developing them ...