News

Abu Dhabi / WAM Hub71, Abu Dhabi’s global tech ecosystem, has launched its Community Centre of Excellence, aimed at delivering world-class programmes to startups and founders at any stage in the life cycle to accelerate market access, talent hire and fundraising. The Centre of Excellence will also deliver annual events and touchpoints between Hub71 startups and its corporate and government ...

Dubai / WAM Emirates on Wednesday announced that it will be expanding its operations in and out of South Africa, boosting its schedule to 28 weekly flights by October. This is the airline’s largest weekly schedule to South Africa since the start of the pandemic, which aims to bring more competitive choices for customers wishing to visit Dubai, and through ...

Dubai / WAM Gastech, the world’s foremost exhibition and conference supporting the gas, LNG, hydrogen, and energy industry, and the SPE Annual Technical Conference and Exhibition (ATCE) will take place alongside each other in Dubai from September 21-23, 2021, the organisers of both events announced on Wednesday. The co-location of Gastech and ATCE, at the Dubai World Trade Centre, will ...

Dubai / WAM Dubai Economy and Emirates Integrated Telecommunications Company PJSC (du), signed a Memorandum of Understanding (MoU) to launch the ‘Start @ du’ initiative to facilitate doing business in Dubai. The MoU is in line with the joint commitment to promote excellence in providing smart services and initiatives that contribute to raising the competitiveness and sustainability of businesses in ...

Bloomberg The UK is set to take the lead among developed economies by raising new taxes that will help trim pandemic budget deficits, an issue that’s likely to dominate policy debate across the world in the coming years. A 12-billion pound ($17 billion) charge on workers and companies is due to come before Parliament for a vote. If approved, it ...

Bloomberg Canada reported a third weekly decline in consumer confidence amid concerns about a softening economic outlook. The Bloomberg Nanos Canadian Confidence Index, a measure of sentiment based on household polling, falls 1 point to 61.6 last week, bringing it to the lowest level since March. The index is down 3.5 points over the past three weeks, and almost five ...

Bloomberg The euro area economy expanded faster than previously reported in second quarter, bolstered by a surge in consumer spending. Output rises 2.2% in the three months through June, more than the 2% initially estimated by Eurostat. Household consumption was up 3.7%, with government outlays and investment contributing to growth. Since economies across the region reopened after lockdowns, risks to ...

Bloomberg Volkswagen AG plans to set up a venture capital fund with an initial volume of $355 million to invest in decarbonisation projects and start-ups. Carbon capturing is feasible but expensive, and for some new technologies it’s key to broaden operations and being able to scale up, VW CEO Herbert Diess said. “More and more industries are recognising opportunities, and ...

Bloomberg Italy is leaning towards choosing ex-telecommunications monopoly Telecom Italia SpA and defense specialist Leonardo SpA among its main partners for a new national cloud-services hub, as the government looks for ways to keep public administration data out of foreign hands. State-backed lender Cassa Depositi e Prestiti SpA is in talks with the two companies to create an entity that ...

DUBAI / WAM From its strategic location at global crossroads and strong financial reserves and sovereign wealth funds to investment in major development and infrastructure projects, the UAE has been able to create a modern, dynamic and diverse economy in only 50 years. It is, though, the desire to keep pushing forward, to keep extending the nation’s horizons, that has ...