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Abu Dhabi / WAM Hub71, Abu Dhabi’s global tech ecosystem, and Al Yah Satellite Communications Company (Yahsat) on Monday announced a collaboration to accelerate startup technology adoption in satellite communications. Through this partnership, Yahsat will work with founders in the Hub71 community to advance technological innovations that support the development of the UAE’s mobile satellite capabilities. The first contract resulting ...

US equity-index futures rose and a bond selloff stalled as some investors bet a period of disinflation has already begun and the midterm election results will be favourable to markets. Contracts on the S&P 500 and Nasdaq 100 indexes added at least 0.4% each after dropping earlier. Most Treasuries erased losses, leaving only the two-year yield higher on the day. ...

Tesla Inc is sending engineers and production staff from its recently upgraded Shanghai factory to its plant in Fremont, California, in a bid to boost production at the US facility. The Elon Musk-led carmaker will dispatch staff — in particular automation and control engineers — to assist efforts to increase output in Fremont, where Tesla produces the Model S, X, ...

Chinese markets are facing another volatile week after health officials vowed to “unswervingly” stick to the country’s Covid Zero approach, damping investor optimism that Beijing was working towards easing restrictions. Assets from equities to oil rallied last week on convictions that China is taking concrete steps toward reopening. The Hang Seng China Enterprises Index had its best weekly gain since ...

Apple Inc.’s Taiwanese contract manufacturer Pegatron Corp. has begun assembling the company’s latest iPhone 14 model in India. That move makes Pegatron the second Apple supplier to produce the iPhone 14 in the country. It comes at a time when Apple’s key iPhone Pro manufacturing hub in the Chinese city of Zhengzhou — operated by Foxconn Technology Group — was ...

Dubai / WAM     HH Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, Deputy Ruler of Dubai, Deputy Prime Minister, Minister of Finance, and President of DIFC, on Sunday announced the launch of the Dubai FinTech Summit, a global event that will bring together more than 5,000 experts, thought leaders, policymakers and decision-makers in Dubai to discuss how they can shape ...

Abu Dhabi / WAM His Highness Sheikh Abdullah bin Zayed Al Nahyan, Minister of Foreign Affairs and International Cooperation, received Dr Fuad Hussein, Minister of Foreign Affairs of the Republic of Iraq. During the meeting, which was held in Abu Dhabi, the two sides reviewed the UAE-Iraq ties and ways to enhance cooperation across all domains. They also discussed a ...

Abu Dhabi / WAM During the UAE government media briefing on the Covid-19 pandemic, Dr. Saif Al Dhaheri, Official Spokesperson of the National Emergency Crisis and Disasters Management Authority (NCEMA), has announced that all restrictions and precautionary measures related to Covid-19 will be cancelled, as part of the country’s second phase of easing restrictions, effective at 06:00 AM on Monday, ...

Abu Dhabi / WAM President His Highness Sheikh Mohamed bin Zayed Al Nahyan will attend the 27th session of the Conference of the Parties to the United Nations Framework Convention on Climate Change (COP27), which is being held in Sharm El Sheikh in the Arab Republic of Egypt. The conference will welcome world leaders, heads of government, and representatives of ...

Abu Dhabi / WAM His Highness Sheikh Abdullah bin Zayed Al Nahyan, Minister of Foreign Affairs and International Cooperation, received Rob Oliphant, Parliamentary Secretary to the Minister of Foreign Affairs of Canda. During the meeting, which was held in Abu Dhabi, the two sides discussed bilateral relations and ways to strengthen joint cooperation between the two countries. They also reviewed ...