News

London / WAM Omar bin Sultan Al Olama, Minister of State for Artificial Intelligence (AI), stated that the UAE is a global model in adopting AI in government work, as well as in its future strategies, along with key sectors and government services which will improve the community’s quality of life. He made this statement while participating in the “CogX: ...

Sharjah / WAM Abdullah Sultan Al Owais, Chairman of Sharjah Chamber of Commerce and Industry, has met with Alisher Selmov, Consul-General of Uzbekistan in Dubai, and explored ways of enhancing mutual cooperation for the benefit of both sides. During the meeting, Al Owais briefed the guest on the chamber and its missions in trade and economic relations with friendly countries. ...

Dubai / WAM Dubai Electricity and Water Authority (Dewa), has broken the world record in major inspection outages by re-engineering the Gas Turbine SGT-4000F overhaul process at the Jebel Ali Power and Desalination Complex. Dewa succeeded in the completion of its major inspection outage within 11 working days compared to 30 working days previously. This allows a 63% reduction in outage ...

LUXEMBOURG / WAM Obaid bin Humaid Al Tayer, Minister of State for Financial Affairs, held a meeting with Pierre Gramegna, Luxembourg’s Minister of Finance. The meeting, held in Luxembourg City, was aimed at strengthening the UAE’s economic and trade ties with the Duchy of Luxembourg, as well to enhance cooperation in Islamic Banking. The UAE is considered the capital of ...

Sharjah / WAM The Emirate of Sharjah has witnessed a significant number of achievements in 2019, among them is its ever-growing vibrant cultural scene bringing together Emirati and Arab artists, actors, literary greats and poets. Sharjah’s efforts to bolster the Arab world’s cultural prowess is not tied to a specific geographic location but spans diverse areas to build bridges of ...

Bloomberg Samsung Electronics Co. Vice Chairman Jay Y. Lee said the company will pursue investment in future businesses including sixth-generation mobile networks and system semiconductors as the South Korean tech giant faces a rapidly changing global business environment that has already put pressure on profit. Lee, the company’s de facto leader, last week held discussions with Samsung executives on potential ...

Bloomberg Japan’s Inpex Corp. agreed on a framework with Indonesia for the $20 billion Abadi liquefied natural gas (LNG) project, a key step towards reaching final investment for one of the world’s biggest export ventures. The heads of agreement includes an extension of the company’s contract to operate the Masela field by 27 years until 2055, Inpex President Takayuki Ueda ...

Bloomberg Indian drug maker Lupin Ltd. is recalling more than 18,000 bottles of an antibiotic drug used to treat bacterial infections from the US market. Lupin Pharmaceuticals Inc, the US unit of the Indian company, is recalling the drug due to a “complaint received of metal piece identified in the product bottle prior to the reconstitution,” according to information on ...

Bloomberg India’s trade deficit widened for a third straight month as exports remained sluggish amid a slowing global economy and escalating US-China trade war. The gap between exports and imports was $15.36 billion in May, slightly higher than $15.33 billion in April, according to data from the Commerce Ministry. That compares with the $15.74 billion median estimate in a Bloomberg ...

Bloomberg India has imposed higher customs duties on a raft of US goods on Sunday in response to similar measures taken by Washington, according to a government notice. The increased charges have been imposed on 28 products including chickpeas, phosphoric acid, apples, almonds and walnuts, according to the notice released late on Saturday. The country would get about $217 million ...