News

Bloomberg BMW AG unveiled the latest iteration of its planned electric-car flagship, morphing what started out as low-slung cruiser into a sporty SUV, as the German luxury-car maker scrambles to keep pace with rivals. The iNext concept — revealed inside a cargo plane — is close to the production version, which is set to be released in 2021, according to ...

Bloomberg The world’s biggest app stores are facing increasing pushback by developers over the high costs they charge for connecting their games with users — and new gaming platforms are looking to swoop in. Tallinn-based Ultra will take 15 percent from sales it generates through its digital store, in a bid to challenge companies such as Alphabet Inc.’s Google, Apple ...

Bloomberg Trade ministers for the world’s 20 largest economies said that they found an ‘urgent need’ to reform the World Trade Organization (WTO). Member nations recognize the need to ‘step up dialogue’ to mitigate risks, enhance confidence in global trade, and improve the WTO, they said in a statement released following meetings in Mar del Plata, Argentina. The meetings included ...

Dubai / WAM The Dubai Competitiveness Office (DCO), in the Department of Economic Development (DED), Dubai, has announced plans to launch ‘The Future of Competitiveness Platform,’ the first interactive digital platform of its kind, which will track competitiveness data and indicators worldwide and benchmark Dubai’s competitiveness to support decision-making in the local public and private sectors. Set to be launched in ...

DUBAI / WAM The Ministry of Finance, in collaboration with the World Bank Group (WBG), has held a roundtable discussion to strengthen financial coordination between the health and education sectors in the presence of representatives from the Central Bank of UAE. The sessions was opened by ministry officials, followed by a presentation by the WBG’s team led by Naoko Kojo. ...

ABU DHABI / WAM Abu Dhabi Securities Exchange (ADX) will host the annual meetings of the Arab Federation of Exchanges (AFE) in Abu Dhabi on September 16-17 in the presence of a number of CEOs of member stock exchanges and general managers of Clearing Settlement and Depository centres in the Arab world. The two-day meetings will discuss issues and aspects ...

Sharjah / WAM In line with Sharjah’s development and strategic objectives to enhance economic diversification, the Sharjah FDI Office (Invest in Sharjah) concluded its participation in three leading global investment events which were held in Xiamen and Shanghai, China. The three exhibitions set the stage for discussions on common investment and business interests between both parties and presented “Invest in ...

CALIFORNIA / WAM A high-level UAE delegation, headed by Dr Thani bin Ahmed Al Zeyoudi, Minister of Climate Change and Environment, has concluded a successful visit to the state of California, United States. The prime goal of the visit was to participate in the Global Summit on Climate Action in San Francisco, California, where decision makers from around the world ...

Abu Dhabi / WAM The Under-Secretary-General of the United Nations Counter-Terrorism Office has hailed the significant efforts made by the UAE to counter terrorism and violent extremism as well as the country’s endeavours to promote the values of peaceful co-existence, tolerance and pluralism. Vladimir Ivanovich Voronkov, currently visiting the country, made the statements when he was received along with his ...

Abu Dhabi / WAM A Memorandum of Understanding (MoU) has been signed by Abu Dhabi National Insurance Company (Adnic) and the UAE Genetic Diseases Association (GDA) to support the prevention of genetic disorders across the UAE. The signing took place in the presence of Sheikh Nahyan bin Mubarak Al Nahyan, Minister of Tolerance, and President of the UAE Genetic Diseases Association; Noura ...