News

DUBAI / WAM UAE businesses show a significant lead in both maturity and proactivity when it comes to the adoption of artificial intelligence solutions, according to a Microsoft report titled, ‘AI Pulse’. ‘AI Pulse’ is a Microsoft initiative designed to establish the attitudes and intentions of senior executives around the world towards artificial intelligence. The report is the result of ...

RED SEA COAST / WAM Houthi militias continue to violate international norms, preventing access to vital food sources in the Red Sea Coast region, the Arab Coalition has warned. According to an official source of the Arab Coalition, “Since the UN gained access to test grain in the Red Sea Mills in Hodeidah on February 26, Coalition teams on the ...

Sharjah / WAM The growing investment climate of Sharjah as well as opportunities available in 140 countries, will be the focus of the ninth edition of the Annual Investment Meeting (AIM 2019), from April 8-10, at the Dubai World Trade Centre. The Sharjah FDI Office, Invest in Sharjah, will be facilitating the participation of five leading Sharjah government entities at the ...

Abu Dhabi / WAM Etihad Airways introduced the “My Story: 50 Memories from 50 Years of Service” by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, on its inflight entertainment programming. Guests on most Etihad flights will be able to enjoy reading the e-book, which relates the remarkable legacy ...

Dubai / Emirates Business Emirates has been awarded Best First Class in the world at the 2019 TripAdvisor Travelers’ Choice awards for Airlines. The airline also clinched several other awards including Best Regional Business Class Middle East, Best First Class Middle East and nabbed the overall Travelers’ Choice Major Airline honour for the Middle East. TripAdvisor has awarded the world’s ...

Dubai / WAM Dubai’s Department of Tourism and Commerce Marketing, Dubai Tourism, reported record growth in overnight visitors from Japan, crossing the 100,000 mark for the first time at the end of 2018. Reflecting a 15.3 percent year-on-year increase, the emirate welcomed 104,843 overnight visitors, with the robust growth underscoring efforts to further showcase the breadth of the city’s ever-expanding ...

Bloomberg India’s power industry welcomed a top court decision to strike down central bank rules that tightened loan default guidelines, saying the move offers a sustainable financial path forward for debt-laden power producers. “The court’s order is a recognition of our argument that systemic issues can’t be fixed through mechanical means,” said Harry Dhaul, director general of the Independent Power ...

Bloomberg In another bizarre plot twist in Carlos Ghosn’s long-running legal troubles, the former Nissan Motor Co chairman may be re-arrested on fresh charges just as he was preparing to tell his side of the story. The drama surrounding the former auto czar reignited when he tweeted that he’s planning to hold a news conference on April 11 to “tell ...

Bloomberg Hygeia, a Chinese radiotherapy equipment maker backed by Warburg Pincus, is planning a Hong Kong initial public offering that could raise about $200 million, people with knowledge of the matter said. The company, which also operates cancer treatment hospitals, aims to sell shares as soon as the second half of the year, the people said, asking not to be ...

Bloomberg Shareholders of Honworld Group Ltd are exploring a sale of the Chinese soy sauce maker, which sells products under the “Lao Heng He” brand, people with knowledge of the matter said. Owners are working with an adviser on a possible sale of more than 49 percent of the Hong Kong-listed firm, said the people, who asked not to be ...