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DUBAI / WAM Dubai Design District (d3) is extending support to Lebanese design businesses affected by the Beirut blast with a new initiative enabling startups, entrepreneurs, boutique studios and large-scale companies to restart operations and regain a local and regional footprint. As part of an ongoing commitment to create meaningful change and strengthen the regional design industry, d3, the region’s ...

Dubai / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, announced on Wednesday a new satellite project called the MBZ-SAT, which will become the second Emirati satellite to be fully developed and built by a team of Emirati engineers after the KhalifaSat. To be developed at the ...

Abu Dhabi / WAM His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, has announced the decision to open a Consulate-General in the city of Laayoune, a Moroccan province in the Western Sahara. During a phone call with King Mohammed VI of Morocco, His Highness Sheikh Mohamed ...

ABU DHABI / WAM First Abu Dhabi Bank (FAB) has announced the launch of “Super Surprises”, a new artificial intelligence (AI) tool that monetises payments data through effective campaigns resulting in increased sales and new customer footfall for merchants. “Super-Surprises” is the latest of the offerings under the bank’s “Payment as a Platform” and is built on analysing spending behaviour ...

Abu Dhabi / WAM The UAE has strongly condemned the terrorist attack that took place in a religious school in the city of Peshawar, northern Pakistan, which claimed the lives of a number of innocent civilians, including children, and wounded others. In a statement, the Ministry of Foreign Affairs and International Cooperation emphasised that the UAE expressed its strong condemnation ...

Bloomberg As the European Union (EU) seeks to disburse funds from its 750 billion-euro ($888 billion) recovery program as soon as next year, some of the countries hardest hit by the pandemic are struggling to work out how to best keep their finances in check once they take on billions of euros of new loans. Spain, Greece and Portugal plan ...

Bloomberg The World Trade Organization’s (WTO) effort to name a new leader hit a new roadblock on Wednesday after the Trump administration said it won’t back the appointment of Ngozi Okonjo-Iweala to be the WTO’s next director-general. The US could not support a consensus decision to appoint Okonjo-Iweala, Deputy US Trade Representative Dennis Shea said during a meeting of WTO ...

Bloomberg Argentina is considering fiscal incentives to encourage companies to hire workers after unemployment spiked to the highest in at least 16 years amid pandemic. Labour Minister Claudio Moroni said he’s been working with the Production Ministry to lower some employer contributions. The incentives will probably be aimed at hard-hit industries in Argentina’s least-favoured provinces, he said. “The idea is ...

Bloomberg Italian Prime Minister Giuseppe Conte’s government has approved a new relief package to help sectors hit hardest by the latest coronavirus restrictions amid growing protests in cities including Milan and Turin. Conte’s cabinet signed off on measures worth about 5 billion euros ($6 billion) to partially compensate businesses that suffer from the partial lockdown approved over the weekend. The ...

Bloomberg Consumer confidence unexpectedly pulled back in October as Americans became more concerned about prospects for employment, incomes and the economy. The Conference Board’s index decreased to 100.9 from a downwardly revised 101.3 reading in September, according to a report Tuesday. The reading fell below the median estimate of 102 in Bloomberg’s survey of economists. The gauge of expectations slipped ...