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Abu Dhabi / WAM Abu Dhabi Department of Education and Knowledge (Adek) urged UAE-based technology innovators to sign up for YouthTech Competition 2020, the summer’s hackathon for entrepreneurial start-ups, before the application deadline closes on August 8. Open to applicants aged 18-29 years old, the YouthTech Competition 2020, run in partnership with accelerator StartAD and part of the Abu Dhabi ...

Sharjah / WAM The Health Promotion Department (HPD) at the Supreme Council for Family Affairs recently reported that some 5600 individuals from all age groups have participated in awareness-raising activities organised by the Department this month, which included 34 virtual lectures and workshops delivered by 12 doctors and health specialists from inside and outside the country, along with presentations by ...

Dubai / WAM Dubai Electricity and Water Authority (Dewa) has announced that changes in its bank guarantee management process, as it becomes completely paperless. A press release issued by the authority on Sunday said that Dewa is the first government organisation in the UAE to achieve this step. Being paperless reduces the time needed to complete transactions by 80 percent, ...

Dubai / Emirates Business The Panamanian Minister of Private Investment HE Jose Alejandro Rojas has called on UAE companies to leverage Panama as a global gateway to expand their footprint in Latin America and tap into new growth opportunities in the region. His comments came during a webinar organised by Dubai Chamber of Commerce and Industry’s representative office in Panama, ...

Bloomberg Argentina’s creditors have approached several international organisations to seek endorsement for a proposal to change the rules that govern some of the country’s overseas securities, according to people familiar with the matter. The International Monetary Fund (IMF), the US Treasury, the International Capital Market Association (ICMA) and the Institute of International Finance (IIF) are among the organisations that have ...

Bloomberg Siemens Healthineers agreed to buy Varian Medical Systems in cash in a transaction that values the medical equipment maker at about $16.4 billion, more than 20% above its current market value. The German company offered $177.5 a share for the Palo Alto, California-based business, which will be financed through both debt and equity, Siemens Healthineers said in a statement ...

Bloomberg Prime Minister Boris Johnson is considering sealing off Greater London and ordering at-risk members of the population to stay at home under a potential scenario designed to avert a second national lockdown, according to news reports on Saturday. Possible measures include locking down the capital if infection rates spike and tightening quarantine rules on those flying into the UK, ...

Bloomberg When it comes to helping employees balance work hours with relaxation, Acuity Insurance Chief Executive Officer Ben Salzmann has a unique tool at his disposal: a 65-foot Ferris wheel. Before the pandemic struck, Salzmann would regularly fire up the amusement-park staple inside the company’s Sheboygan, Wisconsin, headquarters. About twice a month, employees were invited to bring their families in ...

Bloomberg A group of Italian investors may bid for London Stock Exchange Group Plc’s Borsa Italiana unit, amid government pressure to keep an asset that’s considered strategic in “Italian hands,” Corriere della Sera reported. The potential investors include banks, Italy’s state lender Cassa Depositi e Prestiti, insurance firms and state-backed funds such as Fondo Strategico Italiano and F2i SGR SpA, ...

Bloomberg Hammerson Plc, which owns about a dozen large UK malls, aims to raise $785 million from a rights issue, Sky News reported. The owner of the Bullring in Birmingham and the Brent Cross shopping center in north London is seeking extra cash as coronavirus crisis slashes revenues for landlords, Sky reported, without saying where it got the information. Lazard ...