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Abu Dhabi / WAM The Ministry of Industry and Advanced Technology (MoIAT), in partnership with 17 local and federal entities, on Saturday launched the national guide for measurement of research and development (R&D) expenditures in government sector, as part of the Government Accelerators Program, which aims to enable a knowledge-based economy that preserves national achievements and paves the way for ...

Abu Dhabi / WAM HH Sheikha Fatima bint Mubarak, Chairwoman of the General Women’s Union (GWU), Chairwoman of the Supreme Council for Motherhood and Childhood, Supreme Chairwoman of the Family Development Foundation (FDF), and the “Mother of the Nation” congratulated the 2021 batch of female graduates of the Higher Colleges of Technologies (HCT), whose graduation coincided with the country’s celebration ...

ABU DHABI / WAM Over 30 of the world’s leading energy chief executives will gather in Abu Dhabi on Sunday, to discuss key issues impacting the energy landscape and the outcomes of the UN Climate Change Conference of the Parties (COP26), at the 7th Abu Dhabi CEO Roundtable hosted by the Abu Dhabi National Oil Company (Adnoc). The industry leaders ...

Dubai / Emirates Business The Arabian Gulf Investments Company announced the acquisition of stakes in three strategic companies in Egypt. The acquisition was announced at a signing ceremony organised in Cairo in the presence of Khalifa Saif Al Muhairbi, Chairman of the Board of Directors of the Arabian Gulf Investments Company, and Engineer Abdeen Ibrahim Arida, Chairman of the Board ...

Bloomberg US consumer sentiment unexpectedly collapsed in early November as Americans grew increasingly concerned about rising prices and the inflationary impact on their finances. The University of Michigan’s preliminary sentiment index decreased to 66.8 from 71.7 in October, data released showed. The November figure trailed all projections in a Bloomberg survey of economists which called for an increase to 72.5. ...

Bloomberg The British Chambers of Commerce said 80% of UK businesses are feeling the effects of higher prices as well as shortages of goods and workers, a finding that adds to concerns about inflation. The lobby group said its survey of 1,000 companies showed 80% saw an increase in their prices in the past year and almost half said those ...

Bloomberg Apple Inc agreed to pay $29.9 million to employees at its stores who were forced to submit to security bag checks — off the clock — when they left work after or during their shifts. Lawyers for the workers asked a federal judge to approve settlement, which was reached after a protracted eight-year legal battle. Apple Store employees filed ...

Bloomberg Brazil’s largest independent hedge funds have grown wary of local assets after the nation moved to ease its fiscal rules, fuelling fears of a sharp increase in interest rates and a potential recession ahead. Firms including Itau Unibanco now predict Brazil’s economy will contract next year after policy makers raise the benchmark rate to over 11%, the highest since ...

Bloomberg Blackstone Infrastructure Partners bought out the controlling shareholders of Carrix Inc., one of the world’s largest marine-terminal operators. The families had been weighing a sale of their holding in the Seattle-based firm, Bloomberg reported in June. The stake was expected to fetch $2.5 billion. “The Smith/Hemingway family sold its shares to Blackstone Infrastructure Partners,” Bob Watters, a Carrix spokesman, ...

Bloomberg Inflation is soaring across the euro area, but it’s also diverging by the most in years in a further complication for the European Central Bank’s ongoing Covid-19 pandemic stimulus. How quickly consumer prices are rising depends on where you are inside the 19-member currency bloc. In Estonia, where energy costs are surging, the 2021 rate is forecast to be ...