News

Abu Dhabi / WAM The United Arab Emirates is leading nations in utilising artificial intelligence (AI), and disruptive technologies to create a smarter, more innovative governance environment that is enabled to explore future opportunities and risks. Following the announcement of the Mohamed bin Zayed University of Artificial Intelligence — the world’s first AI university to open in the nation’s capital, Abu ...

Dubai / Emirates Business DP World, UAE Region’s flagship Jebel Ali Free Zone (Jafza) reaffirmed its leadership position in global logistics when it was named “Global Free Zone of the Year for Large Tenants” at the fDi Middle East Free Zones of the Year Awards 2019. The fDi Magazine Awards, part of the Financial Times Group, cited Jafza for its ...

ABU DHABI / WAM Mariam Almheiri, Minister of State for Food Security, asserted that World Food Day is an ideal occasion to raise people’s awareness about the value of food, highlight the real challenges facing food security in different countries, and strengthen international cooperation to eradicate hunger around the world and achieve the United Nations’ Sustainable Development Goals for a ...

DUBAI / Emirates Business Dubai Chamber of Commerce and Industry announced its expansion in China with opening of a new location in Shenzhen that will be tasked with exploring business potential in the emerging in the fast-growing technology and innovation hub and attracting innovative Chinese companies to Dubai. The Chamber’s team in Shenzhen will identify business opportunities in the city’s ...

Dubai / Emirates Business Dubai International Financial Centre (DIFC), the leading international financial hub in the Middle East, Africa and South Asia (Measa) region, and the number eight global financial centre, marked a significant rise in Islamic assets being managed in the centre, recording a 45% growth between Q2 2018 and Q2 2019. Islamic finance is growing at 1.5 times ...

MOSCOW / WAM Russian media has highlighted the rousing reception accorded to Russian President Vladimir Putin in the UAE, praising the warm hospitality he received. In a story titled, ‘Red Carpets Are for Wimps! How UAE Greeted Russian President Vladimir Putin’, published by the Russian news agency, Sputnik, said that the “reception that the hosts offered him in Abu Dhabi ...

ABU DHABI / WAM Abu Dhabi Digital Authority (ADDA), launched the ‘Artificial Intelligence Lab,’ a new initiative which will provide a dedicated platform to develop innovative digital solutions using AI and machine learning and apply these solutions to improve the efficiency in services and contribute to excellence in government performance. The AI lab, which was announced at the recently concluded ...

Bloomberg The Indian conglomerate that owns Jaguar Land Rover (JLR) said it is open to finding partners for the automaker but isn’t planning on selling the embattled unit. “We’re not going to sell,” said Natarajan Chandrasekaran, chairman of Tata Sons Ltd, the holding company in an expansive business empire that includes Tata Motors Ltd. “Auto is a core business for ...

Bloomberg Blackstone Group Inc and a rival consortium led by KKR & Co are considering bids for the cement unit of Indian cosmetics to paper conglomerate Emami Group, according to people with knowledge of the matter. TPG Capital is also weighing a bid for Emami Cement Ltd and could look for a local partner, said one of the people, who ...

Bloomberg Huawei Technologies Co, the wireless network giant blocked from selling its equipment in the US and some other markets, is betting it can find customers for its 5G gear in India, where the government has yet to weigh in on US calls for a boycott against the Chinese company. The world’s largest maker of components for 5G networks said ...