News

Bloomberg Facebook Inc. co-founder Mark Zuckerberg’s testimony to the European Parliament on Tuesday on the Cambridge Analytica scandal will be broadcast live on the internet. Zuckerberg agreed to the web feed after talks with Antonio Tajani, the president of the parliament. The proceedings, scheduled for the late afternoon in Brussels, were to take place behind closed doors. “Great news for ...

Bloomberg Fear of missing out may persuade Americans with an eye on buying a home to hurry their decision before it gets more expensive. But while demand shows few signs of teetering, jumps in both property values and borrowing costs will test the market’s durability. Home sales are now hovering near expansion highs, though momentum has been kept in check ...

DUBAI / WAM Saeed Mohammed Al Tayer, MD and CEO of Dubai Electricity and Water Authority (Dewa) inaugurated a workshop, organised in cooperation with Intel Corporation, one of the largest multinational technology companies in the world. The workshop focussed on available applications to use artificial intelligence (AI) and the use of its innovative technologies in Dewa’s workplace. Organised at the ...

Bloomberg China will “significantly increase purchases” of US goods, the White House said as Beijing’s special envoy at talks in Washington declared a trade war has been averted between the world’s two largest economies. A joint statement released by the White House following the talks didn’t place a dollar figure on the increased purchases by China, or address a comment ...

DUBAI / Emirates Business UAE-headquartered upscale residential, hospitality and commercial property developer Seven Tides has revealed plans for its first mixed-use development in Jumeirah Lakes Towers (JLT), in Dubai, with the launch of SE7EN CITY JLT. The project, valued at AED1.3 billion ($350 million), consisting of 2,635 units, is already 15% complete and due for completion within 36 months. The ...

DUBAI / WAM Dubai SME, the agency of the Department of Economic Development (DED) located in Dubai and mandated to develop the small and medium enterprise (SME) sector, announced the licencing of the first business incubator in Dubai, following the introduction of the ‘Incubators and Business Accelerators’ regulations. The regulations were introduced to ensure necessary guidance and mentoring support to ...

Sharjah / WAM His Highness Dr Sheikh Sultan bin Mohammed Al Qasimi, Supreme Council Member and Ruler of Sharjah, received at Al Badee’ Al ‘Amer Palace, Ramadan well-wishers who called on him on the occasion of the holy month of Ramadan. His Highness Sheikh Abdullah bin Salem bin Sultan Al Qasimi, Deputy Ruler of Sharjah, was present. Sheikh Sultan received ...

BRATISLAVA / WAM The UAE role in Socotra is purely of a developmental and humanitarian character, said Dr Anwar Gargash, Minister of State for Foreign Affairs. Speaking to the Emirates News Agency (WAM) on the sidelines of the GLOBSEC2018 Bratislava Forum, the Minister acknowledged that better communication on Socotra was needed. “Because Socotra was far away from the conflict in ...

Dubai / WAM Abdullah Sultan Al Shamsi, Under-Secretary at the Ministry of Economy and Chairman of the Executive Global Innovation Team, and Kim Yungray, Director-General of Commercial Policies at the Ministry of Commerce and Industry of South Korea, discussed potential cooperation in advanced automotive technology during a meeting at the headquarters of the Ministry of Economy in Dubai. They also ...

BRUSSELS / WAM The UAE participated in an international ministerial conference on the victims of racial and religious violence in the Middle East, which was held in Brussels, Belgium. The Emirati delegation was headed by Zaki Anwar Nusseibeh, Minister of State. The conference is a follow-up of the first conference, which was held in Paris in 2015, the general session ...