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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 ...

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 ...

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 ...

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 ...

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 ...

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 ...

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 ...

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, ...

AJMAN / WAM The Ministry of Education, in cooperation with the Ministry of Health and Community Protection and the Ajman Teacher Training Institute, launched a coronavirus prevention awareness campaign to highlight appropriate means of protection and guidelines to prevent infections in schools. Khawla Al Hosani, Director of the Training and Professional Development Department, said that the campaign aims to promote ...

SHARJAH/ WAM Sharjah Islamic Bank (SIB) has announced the strengthening of its partnership with ICICI bank to facilitate remittances to India. The collaboration will provide SIB the chance to offer instant remittances to its customers through the digital channels 24×7. Ahmed Saad, Deputy CEO of SIB, along with Vikash Sharma, General Manager, Regional Head – Middle East & Africa of ...