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Bloomberg Oil fell as the coronavirus outbreak accelerated beyond China, intensifying concerns about the infection’s economic fallout. Futures fell 0.9% in New York. China revised how it calculates infection totals for the third time this month, raising questions about data reliability and confirming the virus’s growing reach. Meanwhile, a key IHS Markit gauge of factories and service providers in the ...

ABU DHABI / WAM Strata Manufacturing (Strata), the advanced composite aero structures manufacturing facility wholly-owned by Mubadala Investment Company PJSC, outlined its ability to expand production capabilities beyond traditional aerospace at the Unmanned Systems Conference in Abu Dhabi. At the conference, which took place on Saturday at Abu Dhabi National Exhibitions Centre (Adnec), Ismail Ali Abdulla, the CEO of Strata, ...

Dubai / emirates business The Dubai Airport Freezone Authority (Dafza) announced the conclusion of its participation in Gulfood 2020, the region’s largest food and beverage processing industry event. The event was held at the Dubai World Trade Center (DWTC) between February 16-20. Dafza’s pavilion witnessed a huge turnout from various stakeholders seeking to explore different services provided by the free ...

DUBAI / Emirates business The Roads and Transport Authority (RTA) and Careem officially launched the first-of-its-kind bike rental service in the region, providing 780 bicycles and 78 stations across Dubai under the project’s phase 1. The multi-phase project will provide 3,500 bicycles across 350 stations in Dubai upon completion. Mattar Mohammed Al Tayer, Director General and Chairman of the Board ...

DUBAI / WAM The Dubai Police signed a Memorandum of Understanding (MoU) with Smart Dubai aimed at enhancing mutual cooperation and collaboration in providing unique and advanced smart services. The MoU was signed by Brigadier Khalid Nasser Al Razooqi, Director of Artificial Intelligence (AI) at Dubai Police, and Wesam Lootah, CEO of Smart Dubai Government. Brigadier Al Razooqi said that ...

ABU DHABI / WAM Khalifa University of Science and Technology, organisers of the Mohamed Bin Zayed International Robotics Challenge (MBZIRC 2020) on Saturday announced the second edition of the $5-million (AED18.37 million) biennial international robotics competition kicks off on February 23 with 32 participating teams at the Abu Dhabi National Exhibition Center (Adnec). The three-day MBZIRC 2020 is co-located with ...

DUBAI / WAM The Business Registration and Licensing (BRL), sector in Dubai Economy reported that 4,692 Instant Licenses were issued since the launch of the service in July 2017 to date. Among the Instant Licenses issued, 3,448 were Commercial, 73.5 per cent, and 1,244 in the Professional, 26.5 per cent, category. The Instant License service provides a convenient model for ...

Sharjah / Emirates Business The United Kingdom is celebrating the cultural project of His Highness Sheikh Dr Sultan bin Muhammad Al Qasimi, Member of the Supreme Council and Ruler of Sharjah, as Sharjah takes centre stage at The London Book Fair (LBF) 2020, from March 10 – 12, at Olympia, with the leading publishing event’s ‘Market Focus’ title, to be ...

ABU DHABI / WAM The UAE Ministry of Health and Prevention (MoHAP), announced two new cases of the new coronavirus, identified as “COVID19”, including a 70-year-old Iranian visitor, whose health is unstable and he is in the intensive care unit. The last case brings the number of those infected in the UAE to 13 with three having recovered. The ministry ...

Abu Dhabi / Emirates Business Emirates Steel, the only integrated steel plant in the UAE and a subsidiary of the General Holding Corporation (Senaat), hosted a ceremony to celebrate its long-serving employees. The company honoured 900 staff members whose service period spanned between 10 and 27 years for their outstanding contributions to execution of various projects that reinforced Emirates Steel’s ...