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Bloomberg Singapore said it wants all four of its carriers to introduce 5G services, with half the city-state covered by a standalone network by 2022 to maintain competitiveness in developing technology. The telecom regulator said it will select two network operators to deploy the 3.5GHz spectrum band on a standalone basis, while the two others will get bandwidth for upgrading ...

Bloomberg About 36% of Thailand’s corporate equity is concentrated in the hands of just 500 people, highlighting wealth inequality in the country, a study released by the Bank of Thailand’s research institute shows. Each of these 500 on average amasses 3.1 billion baht ($102 million) in company profits annually, according to the report from the Puey Ungphakorn Institute for Economic ...

ABU DHABI / WAM The Abu Dhabi National Oil Company (Adnoc), signed on Wednesday a comprehensive strategic framework agreement with the Federal State Budgetary Organisation “Russian Energy Agency” by the Ministry of Energy of the Russian Federation (REA), to explore new opportunities for collaboration across the oil and gas value chain. The agreement highlights the strength of the UAE-Russia bilateral ...

ABU DHABI / WAM UAE sovereign investor Mubadala Investment Company, and Russia’s sovereign wealth fund – the Russian Direct Investment Fund (RDIF) – have announced a series of six cooperation agreements as part of their successful long-term investment partnership that began in 2013. The agreements were announced following the official visit of Russian President Vladimir Putin to the UAE. More ...

Dubai / WAM The Dubai Electricity and Water Authority (Dewa), announced the participation of 102 Chinese companies in the 21st Water, Energy, Technology and Environment Exhibition (Wetex 2019, and eight Chinese companies in the fourth Dubai Solar Show, which will run concurrently with the Wetex, the region’s largest renewable and sustainable energy exhibition. Both exhibitions will be held under the umbrella ...

Bloomberg Oil steadied near $53 a barrel after two days of declines as the fragile economic environment and unresolved US-China trade war continue to deteriorate the outlook for global fuel demand. Futures in New York rose 0.4% on Wednesday in New York. The International Energy Agency (IEA) sees a “serious challenge” for Opec and other producers next year amid the ...

Abu Dhabi / Emirates Business Etihad Aviation Group, owner of the national airline of the United Arab Emirates, and Air Arabia, the Middle East and North Africa’s first and largest low-cost carrier, on Wednesday announced the signing of an agreement to launch ‘Air Arabia Abu Dhabi’, the capital’s first low-cost carrier. Etihad and Air Arabia will establish an independent joint ...

Dubai / WAM Enoc Group opened three service stations in Sharjah, as part of its accelerated plans to expand its retail network by 30 stations across the emirate over the next two years. The expansion of Enoc’s service station network in Sharjah is a critical component of the Group’s long-term strategic objective to strengthen its retail presence across the UAE ...

Abu Dhabi / WAM Sheikh Khalifa bin Mohammed bin Khalid Al Nahyan, Chairman of the Wajib Volunteer Association, on Wednesday inaugurated the Abu Dhabi International Boat 2019 which is held under the patronage of HH Sheikh Nahyan bin Zayed Al Nahyan, Chairman of the Board of Trustees of Zayed bin Sultan Al Nahyan Charitable and Humanitarian Foundation, and Chairman of ...

Abu Dhabi / WAM Abu Dhabi on Wednesday announced the establishment of the Mohamed bin Zayed University of Artificial Intelligence (MBZUAI), the first graduate level, research-based AI university in the world. MBZUAI will enable graduate students, businesses, and governments to advance the artificial intelligence field. The University is named after His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince ...