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Apple reopens over half of its China retail stores

Bloomberg Apple Inc is reopening more than half of its retail stores in China, trying to rebound from a sales hit tied to coronavirus. As of February 25, 29 of 42 Apple stores in the country are opening, according to a review of the company’s retail websites. Most of these locations are still operating on shortened hours. Some outlets will ...

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Seattle techies earn 56% more than NYC finance workers

Bloomberg Employment increased in about 80% of the largest US counties in the third quarter of 2019 from a year earlier and wages grew in 350 of 355, according to the US Bureau of Labor Statistics. In the third quarter of 2019, average weekly wages for the nation rose to $1,093, a 3.6% increase from a year earlier. People working ...

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Oil dips, gold heads to $1,700 as virus rocks commodities

Bloomberg Renewed fears that the coronavirus will harm global growth rocked commodity markets again on Monday, with oil and metals prices tumbling while gold soared towards $1,700 an ounce amid a flight to haven assets. As the deadly virus spreads more widely outside China, raising the threat of a global pandemic, finance chiefs and central bankers from the world’s largest ...

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Adasi signs AED234m deal to supply ‘S-100 UAVs’ to UAE Armed Forces

ABU DHABI / WAM Abu Dhabi Autonomous Systems Investments Company (Adasi), on Monday announced that it has signed an AED234 million contract to supply the new Camcopter S-100 unmanned aerial vehicles (UAVs), to the UAE Armed Forces. Ali Al Yafei, CEO of Adasi, made the announcement on the sidelines of the Unmanned Systems Exhibition and Conference (Umex 2020), that is ...

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Mena’s water desalination market to hit $4.3b by 2022

ABU DHABI / WAM Water scarcity in the region is of a rising concern, particularly as governments are moving away from reliance on traditional water resources to meet population demands, report findings have revealed. According to the ‘Mena Desalination Market’ report by Ventures Onsite, the Mena region’s investment in the water desalination market has increased “substantially”. It noted that 48 ...

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US-India to seal $3bn defense deals: Trump

Bloomberg The US will sign military deals worth more than $3 billion with India on Tuesday, President Donald Trump said at the start of a two-day state visit to the South Asian nation. “We make the greatest weapons ever made. Airplanes. Missiles. Rockets. Ships. We make the best and we’re dealing now with India. But this includes advanced air-defense systems ...

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UAE business confidence high for 2020: Research

Emirates Business UAE business leaders are confident in their company’s growth prospects for the first half of 2020, with 69% expressing they are ‘very confident’, according to independent research commissioned by leading international recruitment consul- -tancy, Robert Half UAE. Business leaders in UAE revealed that operational expansion is primary influence for their 2020 hiring strategy. When questioned on the rationale ...

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UAE continues to strengthen its position as a leader in 4IR, AI

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, visited on Monday the exhibition halls of Umex and SimTEX 2020. The fourth edition of the exhibition is the only event in the Middle East dedicated for drones, robotics, components and unmanned systems. Organised ...

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Adasi to supply ‘Camcopter S-100 UAVs’ to armed forces

ABU DHABI / WAM Abu Dhabi Autonomous Systems Investments Company (Adasi) on Monday announced that it has signed an AED234 million contract to supply the new Camcopter S-100 unmanned aerial vehicles (UAV)s to the UAE Armed Forces. Ali Al Yafei, CEO of Adasi, made the announcement on the sidelines of the Unmanned Systems Exhibition and Conference (UMEX) 2020, that is ...

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UAE leaders greet Emir of Kuwait on National Day

ABU DHABI / WAM President His Highness Sheikh Khalifa bin Zayed Al Nahyan has sent a message of congratulations to Sheikh Sabah Al-Ahmad Al-Jaber Al-Sabah, Emir of Kuwait, on the occasion of his country’s National Day and Liberation Day celebrations. His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, ...

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