News

Dubai / Emirates Business Two promising Indian startups from New Delhi and Bangalore were named as the winners of a prestigious competition organised by Dubai Technology Entrepreneur Campus (Dtec), the largest hub of its kind in the region and wholly-owned by Dubai Silicon Oasis Authority (DSOA), which was held during the recent Dubai Startup Hub roadshow to India. ShipsKart, a ...

ABU DHABI / WAM A team from Abu Dhabi Ports has visited Abu Dhabi Airports to review best practices and share knowledge and experience. The meeting is the result of both entities’ continuous efforts to enhance their respective operations and ensure business continuity by engaging with their partners and stakeholders. The team from Abu Dhabi Ports met with Abu Dhabi ...

MILAN / WAM The Fourth Industrial Revolution (4IR) is knocking at our doors bringing huge potentials, but at the same time, bringing tremendous challenges which require us to update principles of the international law to protect multilateral organisations, said Dr Amal Abdullah Al Qubaisi, Speaker of Federal National Council (FNC), while addressing the plenary opening session of the second meeting ...

ABU DHABI / WAM The UAE has a position as the global capital for the 4th Industrial Revolution (4IR) and is leading the world charge to crystallise a future strategy for manufacturing and industrialisation, said Badr Al-Olama, Head of the Organising Committee for the Global Manufacturing and Industrialisation Summit (GMIS) 2019. ‘‘The UAE is encouraging international efforts towards an industrial ...

ABU DHABI / WAM The Abu Dhabi Committee for the fourth cycle of the Federal National Council (FNC) elections has opened its headquarters in the Abu Dhabi Chamber of Commerce and Industry. Saif Ali Al Qubaisi, Executive Director of the Department of Citizens’ Affairs at the Abu Dhabi Crown Prince’s Court and Chairman of the Abu Dhabi Committee, attended the ...

Bloomberg India’s new finance minister resisted calls for a fiscal boost to spur a weakening economy, sticking instead to a plan to narrow the budget deficit over time by keeping spending in check. The fiscal gap target for the year that began on April 1 was lowered to 3.3 percent of gross domestic product (GDp) from 3.4 percent set in ...

Bloomberg The largest steel industry group in China has urged the government to maintain order in the global iron ore market after prices surged to a five-year high following a supply squeeze, saying that it’s requested authorities look into the gains. Futures slumped. The China Iron & Steel Association (CISA) “is reporting relevant problems in the industry to government ministries ...

Bloomberg Japan’s Ministry of Economy, Trade and Industry plans to set up working-level briefings for their South Korean counterparts to explain export restrictions on some semiconductor and display materials that went into effect on July 4, according to the Nikkei. The goal of the talks is to show that the measures do not amount to an embargo and to preempt ...

Bloomberg India should provide incentives to farmers to adopt efficient water use to avert a looming crisis, according to the Economic Survey presented by Finance Minister Nirmala Sitharaman. The South Asian nation should introduce improved irrigation methods, use technologies and change cropping patterns to reduce the use of ground water, of which 89 percent is extracted for irrigation purposes, the ...

Bloomberg Vodafone Group Plc switched on the UK’s second 5G wireless network, kicking off a commercial battle with dominant rival EE that could shape a decade of sales. The technology’s faster download speeds and more reliable connections give the first movers an opportunity to snatch a bigger share of a saturated market. Back in 2012, EE — now owned by ...