News

Dubai / WAM Italy, among the first countries participating in the Universal Exposition to start building its own pavilion, has broken ground at Expo 2020 Dubai. Themed ‘Beauty connects people’, it will showcase its finest minds, talent and expertise and feature Innovation Hub, an innovatively designed structure inspired by the most advanced sustainability and circular economy standards. The groundbreaking ceremony ...

Dubai / WAM Unifeeder, a 100 percent owned subsidiary of DP World PLC, has announced the acquisition of a 77 percent stake in the Feedertech Group. The deal, which is expected to close in the first quarter of 2020, is the latest step in DP World’s vision to build end-to-end logistics capability to serve the needs of shipping lines and ...

TIRANA / WAM The UAE has embarked on relief operations in support of 555,000 quake-stricken Albanians, in implementation of the directives of His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, and under the follow-up of HH Sheikh Hamdan bin Zayed Al Nahyan, Ruler’s Representative in Al ...

Abu Dhabi / Emirates Business As commercial airliners become more technologically advanced, so too must the skills of the pilots who will fly them. But while aircraft continue to evolve, training methods have not only lagged – they have become increasingly irrelevant to today’s trainee pilots, who have grown up in the digital age. In a statement, Etihad Aviation Training ...

Dubai / Emirates Business Dubai Silicon Oasis Authority (DSOA) has launched “HADI”, an AI-Based Conversational Bot that can answer users’ questions and process transactions with respect to DSOA’s services. HADI will be available on the organisation’s website and other messaging applications, and will constantly evolve to reflect accurate, up-to-date information about Dubai Silicon Oasis business and community services. HADI is ...

Dubai / Emirates Business Dubai Islamic Economy Development Centre (DIEDC) signed a cooperation agreement with Islamic Economics Institute (IEI) at King Abdul Aziz University in Saudi Arabia, expanding its network of strategic partners in the GCC region. The agreement opens doors for the exchange of knowledge and experience in Islamic economy between the two entities, in addition to coordinating their ...

Dubai / WAM AquaChemie Middle East – a leading regional chemical distributor with an extensive supply chain network and manufacturing base across the GCC region – is poised to build a state-of-the-art chemical terminal facility at Jebel Ali Port in Dubai. Estimated to cost AED150 million ($40 million), the one-of-its-kind facility will serve as a strategic gateway hub to enable ...

Bloomberg The US and China are moving closer to agreeing on the amount of tariffs that would be rolled back in a phase-one trade deal despite tensions over Hong Kong and Xinjiang, people familiar with the talks said. The people, who asked not to be identified, said that US President Donald Trump’s comments downplaying the urgency of a deal shouldn’t ...

Bloomberg Indian Prime Minister Narendra Modi’s government is considering easing lending rules for shadow banks, according to people familiar with the matter, a move that would give the cash-starved financiers access to funds. Modi’s cabinet is likely to discuss allowing state banks to provide so-called credit enhancement against securities rated BBB+ to non bank financiers, the people said, asking not ...

Bloomberg The use of ride-hailing apps is declining in China as operators scale back incentives for drivers, contributing to the slowdown in car sales in the world’s biggest auto market, according to a Sanford C Bernstein report. Total daily active usage across ride-hailing apps in the third quarter fell 6.3% from a year earlier, marking a fifth consecutive quarterly drop, ...