News

Bloomberg The European Commission is considering proposing a disciplinary procedure for Italy next week over its failure to rein in debt, which could pave the way for a 3.5 billion-euro ($4 billion) penalty, according to an official familiar with the matter. The step could come as part of the European Union’s regular budget monitoring process, most likely on June 5, ...

Bloomberg The US isn’t ready to make a trade deal with China, President Donald Trump said while on a state visit to Japan. “I think they probably wish they made the deal that they had on the table before they tried to renegotiate it,” Trump said on Monday at a joint press conference in Tokyo alongside Japanese leader Shinzo Abe. ...

DUBAI / WAM Smart Dubai unveiled a new artificial intelligence (AI) use case in the healthcare sector that allows healthcare professionals to pre-emptively predict a patient’s condition by tracking six vital signs, including blood pressure, temperature, and the pulse, among others. Nurses feed this data into the high-precision AI system, which analyses it to predict how a patient’s situation will ...

Abu Dhabi / WAM The UAE is participating in the first UN-Habitat assembly in Nairobi, Kenya, in order to advance Abu Dhabi’s agenda for the 10th edition of the World Urban Forum (WUF10), scheduled for February 2020. At the assembly, the UAE will be led by a delegation headed by Mohamed Al Khadar, Executive Director, Strategic Affairs, of the Department ...

Dubai / Emirates business Gulf Capital, one of the largest and most active alternative asset managers in the Middle East, announced on Monday that it has acquired a 70 percent stake in Medica Holding, the leading service provider of aesthetics, cosmetics and dermatology equipment and products across the Middle East. Gulf Capital is actively targeting investments in the fast-growing beauty ...

OSLO / WAM Dr Mouza Al Shehhi, Director of UN Women UAE Liaison Office for the GCC, welcomed the UAE’s donation of $10 million, to support ending of sexual and gender-based violence. The UAE announced the donation during its participation in the ‘International Conference on Ending Sexual and Gender-based Violence in Humanitarian Crises’ which was held in Oslo, Norway. Dr ...

ABU DHABI / WAM On June 30 and July 1, the United Nations (UN), and the UAE, represented by the Ministry of Climate Change and Environment, will host the “Abu Dhabi Climate Meeting”, to strengthen the initiatives, commitments, and achievements set to be launched at the UN Climate Action Summit in New York, as well as to discuss political barriers ...

DUBAI / WAM The Ministry of Health and Prevention (MoHAP), listed five health indicators, in coordination with the World Health Organisation (WHO), to enable decision-makers to develop planning strategies and health policies nationwide. The inclusion of the health indicators is part of exploring healthcare future and achieving Sustainable Development Goals 2030 (SDGs). This came on the sidelines of the workshop ...

DUBAI / WAM The total number of operational restaurants and cafes in the emirate of Dubai has reached 427 during the first four months of 2019, according to the Business Registration and Licensing (BRL), sector in the Department of Economic Development (DED), Dubai. This includes 258 restaurants and 169 coffee shops, a growth of 25 percent compared to the same ...

Abu Dhabi / Emirates Business CSP Abu Dhabi Terminal, a container terminal built and operated by China’s COSCO SHIPPING Ports Limited (CSP) at Khalifa Port in partnership with Abu Dhabi Ports, has received two of the world’s largest mega-vessels within less than a month – cementing Abu Dhabi’s position as a global maritime hub. The ships – MV. COSCO SHIPPING ...