News

Abu Dhabi / WAM The UAE Cabinet, chaired by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, adopted the National Artificial Intelligence Strategy 2031 during its meeting at the Presidential Palace in Abu Dhabi on Sunday. The Cabinet meeting was attended by His Highness Lt. General Sheikh Saif bin ...

ABU DHABI / WAM Abu Dhabi Securities Exchange (ADX), has launched ‘Your Cash Dividend in Your Bank Account’ awareness campaign, which aims at encouraging investors to provide ADX with their International Bank Account Number (IBAN), UAE ID details, and contact information, to ensure receiving their cash dividends directly into their bank account. ADX urged investors to update their information through ...

ABU DHABI / WAM Thousands of literature enthusiasts and industry professionals from the Emirate of Abu Dhabi, the region and around the world are expected to attend, the upcoming Abu Dhabi International Book Fair (ADIBF 2019), reinforcing the emirate’s position as a global hub for publishing. Held under the patronage of His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown ...

Ajman / WAM Sheikh Rashid bin Humaid Al Nuaimi, Chairman of the Department of Municipality and Planning in Ajman, and Pat Breen, Irish Minister of State for Trade, Employment, Business, EU Digital Single Market and Data Protection, discussed ways of advancing cooperation between Ajman and Ireland in the areas of health, innovation, technology and business. Both sides also discussed means ...

Bloomberg Billionaire Mukesh Ambani’s debt-fuelled bet on the rise of the Indian consumer is starting to pay off, with his retail and telecommunications businesses contributing an increasing share of revenue and profit to his $87 billion empire. The two divisions accounted for a combined 23 percent of revenue for the year ended March, up from 17 percent in the previous ...

Bloomberg China is intensifying its crackdown on makers of ineffective vaccines by introducing heavier penalties and more stringent regulations. Companies guilty of making or selling counterfeit vaccines can be fined between 15 to 30 times the value of the products involved, China News Service reported, citing the second draft of a new vaccine management law. That compares with a proposed ...

Bloomberg Working women are playing a bigger role in Japan than Goldman Sachs’ Kathy Matsui thought possible when she penned her first report on “Womenomics” in 1999. Yet the country needs to pick up the pace of change or risk being overtaken by a demographic crisis. Two decades ago, Matsui struck an optimistic note amid general gloom over Japan in ...

Bloomberg Reliance Industries Ltd does not have any arrangement to buy crude oil from Venezuela’s state-owned oil company, PDVSA, for payment in cash to third parties and media reports of such a mechanism are false, it said. “Reliance has purchased Venezuelan crude oil from companies such as Rosneft long before the imposition of US sanctions, as they do get title ...

Bloomberg Nintendo Co shares jumped after China’s Tencent Holdings Ltd won approval to distribute one of the company’s games for its Switch console, a sign the Japanese company may benefit from growth in the world’s largest games market. Tencent received approval for the test version of New Super Mario Bros. U Deluxe for the handheld device, according to a notice ...

Bloomberg Apple Inc.’s legal surrender is a blow for the company’s supply chain strategy, and one of the biggest tests of its push to cut reliance on providers of key components. The iPhone maker struck a deal with Qualcomm Inc. to halt all litigation and start using the chipmaker’s modems again, likely including important new 5G versions. That ended a ...