News

  ABU DHABI / WAM AD Ports group’s Safeen Feeders will collaborate with shipping leader CMA CGM group, a global player in sea, land, air and logistics solutions, in launching a new Southeast Asia service linking Singapore, Colombo and Chennai. The company’s ‘Safeen Pioneer,’ which has a container capacity of 2,034 TEUs, will join CMA CGM group’s ‘Songa Tiger’ on ...

  Sharjah / Gulf Time To boost the profile of Emirati authors regionally and internationally and strengthen their outreach in new markets, the Emirates Publishers Association (EPA) is showcasing 2,747 titles by 33 publishers through its ‘Manassah’ platform at the ongoing 21st Amman International Book Fair in Jordan which runs until September 10. Under EPA’s Manassah platform, members with less ...

  Abu Dhabi / WAM G42, the leading UAE-based AI and cloud computing technology company, launched its new video podcast series, G42onAIr, a new platform to deliver industry expertise from world-class leaders and technologists working in the field of AI and digital transformation to listeners around the world. Produced by G42, each episode will transport listeners into insightful and inspiring ...

Dubai / WAM Emirates NBD Securities has become the first securities brokerage to launch an end-to-end digital onboarding process. The newly launched platform enables more than 1 million Emirates NBD customers to start trading instantly amid increased demand for stocks and a robust pipeline of initial public offerings on the Dubai Financial Market (DFM). The end-to-end digital process offered by ...

  Bloomberg The Biden administration published its strategy for subsidising US output of semiconductors, with the first phase of funding potentially being rolled out next spring, Commerce Secretary Gina Raimondo said. Smaller, simpler projects involving expansion of existing facilities will be the first to receive funds, followed by more complex projects for so-called leading-edge chips, which the US currently doesn’t ...

  Bloomberg UK house prices rebounded in August, led by the strongest growth in London in six years, one of the nation’s biggest mortgage lenders said. Halifax said its measure of property prices rise 0.4% last month after a 0.1% dip the month before, bringing the average cost of a home to a new record of £294,260. The increase defied ...

  Bloomberg European sugar producers are processing crops earlier than normal this year in a bid to avoid the worst of a winter energy crunch, but at the risk of smaller output. Starting a few weeks earlier than usual should bring forward end of campaign, which typically wraps up during the coldest months — when energy supply is expected to ...

  Bloomberg General Motors Co.’s Cruise self-driving car unit has recalled an older version of software used by its robotaxis at the time of a crash in San Francisco in June, according to federal transportation regulators. Cruise has updated the automated driving system, or ADS, software and all affected vehicles were repaired in July, the National High Traffic Safety Administration ...

  ABU DHABI / WAM Al Seer Marine, a subsidiary of International Holding Company (IHC), has announced entering into a collaboration agreement with Netbulk Pte Ltd, a one-stop maritime solution company based in Singapore, as part of its growth strategy to expand its worldwide freight services. Founded in 2015, Netbulk provides a wide range of commercial activities, including trading, chartering, ...

  ABU DHABI / WAM President HH Sheikh Mohamed bin Zayed Al Nahyan issued a federal decree appointing Omran Sharaf as a member of the UAE Diplomatic and Consular Corps with the rank of ambassador, and as Assistant Minister of Foreign Affairs and International Cooperation to handle the Advanced Science and Technology portfolio. Omran Sharaf is the Project Director of ...