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Expo 2020 Dubai places spotlight on innovation

DUBAI / WAM Expo 2020 Dubai Bureau has reaffirmed its commitment to inspiring collaboration and driving innovation globally through a series of initiatives and events held during the first-ever UAE Innovation Month. Throughout February, the bureau organised and participated in more than 20 events, in collaboration with Premier Partners and other entities across the UAE, engaging key stakeholders from government, ...

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India to display rail projects worth $140bn at Middle East Rail

Dubai / WAM Indian Railways, India’s national railway system operated by the Ministry of Railways, has announced its participation at Middle East Rail 2018, to talk about $140 billion worth of current and future rail projects that the government is building to upgrade the country’s urban transportation network. Under the patronage of HH Sheikh Mansour bin Zayed Al Nahyan, Deputy ...

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Asia policy makers rethink inflation amid epic online shopping boom

Bloomberg Inflation is getting a fresh look in Asia. Nowhere is the global e-commerce wave having more of an impact right now than in Asia, where the region’s burgeoning middle class is embracing clicks over mortar and companies are scrambling to meet their demand via new ventures or acquisitions. In the process, old methods of measuring prices based on the ...

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Uber places bet on India in deal with cricket star

Bloomberg Uber Technologies Inc has named India’s cricket captain—one of the world’s most expensive sports celebrities— as brand ambassador, signaling that while it may be ceding ground in Southeast Asia, it’s still trying to grow in the subcontinent. Virat Kohli would be its first brand ambassador in India in a “one of its kind initiative across the Asia Pacific region”, ...

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Swiss cryptocurrency haven lands in $1 billion US lawsuit

Bloomberg All is not well in Crypto Valley. One of the highest profile digital-currency projects in Switzerland, a country that’s been among the most enthusiastic advocates for cryptocurrencies, is under fire from both outsiders and insiders over allegations of false marketing and mismanagement, prompting its president to resign. Now the Tezos Foundation, which raised $232 million in an initial coin ...

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Brexit rift among Tories revealed in leavers’ WhatsApp messages

Bloomberg A leak of WhatsApp chats from a Conservative Party group that favours a complete UK withdrawal from the European Union shows the breadth of animosity among factions in the governing party and the possible threat posed to a uneasy truce. The messages, published by BuzzFeed on March 10, are from the WhatsApp forum of the European Research Group, which ...

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Outsize gains in US employment show scope for economic growth

Bloomberg The US labour market still has plenty of room to run. That’s the message from government data on March 10, which gave multiple indications America’s jobs situation isn’t as tight as previously thought, sending stocks and bond yields higher. Employers added the most workers since mid-2016, the participation rate rose by the most in almost eight years despite downward ...

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China ties its future to Xi as congress repeals term limits

Bloomberg China’s parliament voted to repeal presidential term limits, allowing President Xi Jinping to keep power indefinitely in a formal break from succession rules set up after Mao Zedong’s turbulent rule. All but five of the almost 3,000 National People’s Congress dep-uties present on Sunday supported the measure to strike a constitutional provision barring the president from serving more than ...

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DSOA registers 11.2% revenue growth

Dubai / Emirates Business His Highness Sheikh Ahmed bin Saeed Al Maktoum, Chairman of Dubai Silicon Oasis Authority (DSOA), the regulatory body for Dubai Silicon Oasis (DSO) on Saturday announced that the integrated free zone technology park has achieved remarkable results in 2017 with a total revenue of AED590.5 million and growth of 11.2% compared to the previous year. Overall ...

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ERC, McDonald’s UAE join forces to support humanitarian causes

Abu Dhabi / WAM Emirates Red Crescent (ERC), and McDonald’s UAE have announced that they will join forces to promote humanitarian and societal values in support of the ERC’s charitable programmes within the UAE. Under an agreement signed by Dr. Mohammed Ateeq Al Falahi, Secretary-General of ERC, and Rafic Fakih, Managing Director and partner at McDonald’s UAE, ERC donation boxes ...

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