Abu Dhabi / WAM Sultan bin Saeed Al Mansouri, Minister of Economy, met Etienne Schneider, Deputy Prime Minister and Minister of the Economy of Luxembourg on Saturday. They discussed bilateral relations and ways to enhance cooperation and partnership in various fields, including tourism, trade, aviation and space technology. Al Mansouri said trade between the two countries stood at $90 million ...
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Abu Dhabi takes part in ‘energy dialogue’ in Berlin
Berlin / WAM Abu Dhabi Department of Energy (DoE), took part in the 4th edition of Berlin Energy Transition Dialogue 2018 (BETD), organised by the German government in association with International Renewable Energy Alliance (REN Alliance), in Berlin, Germany. BETD is a platform for international public and private audiences to come together to discuss viable concepts for the ongoing global ...
Read More »ADFSC conducts 200,000 visits to Abu Dhabi farms
Abu Dhabi / WAM Abu Dhabi Farmers’ Services Center (ADFSC) conducted about 200 thousand extension visits to Abu Dhabi farms during 2017, focusing on providing technical and guidance support to farm owners and workers, raising their awareness of the best agricultural practices, methods of modern agriculture and optimum water use, with the aim to help increase farm productivity and improve the ...
Read More »UAE participates in 34th space symposium in Colorado
COLORADO / WAM A high level delegation representing the UAE Space Agency participated in the 34th Space Symposium, held this week in Colorado, USA. The Symposium brought together space leaders from different parts of the space sector including government, industry, and military experts from around the world. Led by Dr. Ahmad bin Abdullah Humaid Belhoul Al Falasi, Minister of State ...
Read More »US, China seek allies as they dig in for ‘trade tussle’
Bloomberg The US and China look to be preparing for a protracted confrontation over trade and investment as they each try to line up allies for their cause. The struggle for support is being waged worldwide, with its locus shifting this week to Washington and the semi-annual meetings of the International Monetary Fund (IMF). Behind the battle: an effort by ...
Read More »Takeda raises bid for Shire to over $60 billion
Bloomberg Takeda Pharmaceutical Co. sweetened its offer for drugmaker Shire Plc to more than $60 billion after three prior bids were rejected, wooing investors in the US company with a higher cash component. The Japanese company boosted its offer to 47 pounds ($65.84) a share from 46.50 pounds a share, confirming a Bloomberg News report that it was considering a ...
Read More »Chipmakers’ rout widens after TSMC ignites smartphone fears
Bloomberg Asian technology stocks joined their peers in a global swoon after a disappointing sales outlook from Taiwan Semiconductor Manufacturing Co., Apple Inc.’s main chip supplier, rekindled concerns that the smartphone industry’s best days may be behind it. TSMC fell 6 percent — its biggest loss since July 2013 — after predicting current-quarter sales about a billion dollars less than ...
Read More »Education boom makes this Chinese teacher a billionaire
Bloomberg It’s all adding up for Liu Yachao. The chief operating officer of TAL Education Group, a Beijing-based provider of tutoring services for Chinese students in core academic subjects, became the company’s second billionaire as its stock more than doubled in the past year. Chinese parents spend an average of $42,892 on their children’s education, with 93 percent of them ...
Read More »Google is Indonesia’s new weapon in war on illegal fishing
Bloomberg Indonesia’s Fisheries Minister Susi Pudjiastuti deals with some dangerous men in her role, but they don’t rattle her. She has an equally intimidating weapon on her side: Google. Partnering with the search engine firm, Pudjiastuti is catching illegal fishing activity in real time, after thousands of vessels’ locations were revealed online. In her mission to clean up an industry ...
Read More »Facebook spends record $3.3mn on lobbying in Q1
Bloomberg Facebook Inc. set a lobbying record in the first three months, just as an uproar flared up the leak of data on millions of users’ without their permission. The company spent $3.3 million, according to disclosures filed with the government, up from the $3.21 million it spent in the same period a year earlier, which represented the company’s prior ...
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