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WTO members to meet in Buenos Aires on trade outlook

Bloomberg Trade ministers will meet in Argentina with one of the traditional defenders of free markets, the US, questioning the benefits of the international rules it helped to forge. Even though trade volumes are set to grow faster than the world economy this year for the first time since 2014, members of the World Trade Organization will gather in Buenos ...

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‘Currently only about 1 percent of vehicle sales are electric’

Bloomberg Chevron Corp.’s Senior Economist Adam Karson may have put down a deposit on a Tesla 3 but he doesn’t see electric cars upending his employer’s business any time soon. Given the average life of an vehicle is between 10 and 15 years, every vehicle sold today would have to be electric for the world’s automotive industry to be free ...

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Apple to buy Shazam music recognition app

Bloomberg Apple Inc. is close to acquiring Shazam Entertainment Ltd., the startup whose music recognition app is already built into Apple’s Siri virtual assistant, according to a person familiar with the discussions. A deal for the London-based app maker could be announced as soon as Monday, said the person, who declined to be identified because the details are not yet ...

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YouTube plans new paid music subscription service

Bloomberg YouTube plans to introduce a paid music service in March, according to people familiar with the matter, a third attempt by parent company Alphabet Inc. to catch up with rivals Spotify and Apple Inc. The new service could help appease record-industry executives who have pushed for more revenue from YouTube. Warner Music Group, one of the world’s three major ...

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Mideast homeland security market to hit $20bn by ’22

Dubai / Emirates Business Countries in the Middle East region continue to remain significant markets for the latest homeland security and policing equipment and solutions, as governments prioritise the maintenance of a safe and secure society. This continued trend is evident as the 20th edition of Intersec expects more than 100 of the 1,300-plus exhibitors to showcase their frontline range ...

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DAFZA promotes ‘diversity of ideas’ among employees

DUBAI / WAM The Dubai Airport Freezone Authority (DAFZA) has honoured 22 managers, heads of departments and employees following the completion of the fourth phase of its ‘Innovation Champions’ programme. The freezone is the first government entity to complete all stages of the Global Innovation Management Institute programme which falls in line with the DAFZA Innovation Strategy. The programme undertook ...

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‘Ejari’ app protects rights of all parties in realty sector

DUBAI / WAM The Dubai Land Department (DLD) announced the ‘Ejari’ smart application protects the rights of all parties in the real estate sector, including owners, tenants and property management companies. Following new upgrades introduced by DLD, the application has gained an even higher level of efficiency in enhancing user productivity. Mohamed Yahya, Deputy Executive Director of the Rental Affairs ...

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Abu Dhabi to harness artificial intelligence in judicial system

Abu Dhabi / WAM The Abu Dhabi Judicial Department (ADJD) has launched the first phase of “Justice Intelligence” project, as part of the government’s Artificial Intelligence (AI) strategy and the UAE Centennial 2071. Yousuf Alabri, Under-Secretary of the ADJD, stated that other phases of the initiative will be rolled out during the first quarter of 2018, with the aim of ...

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Sultan Al Qasimi opens second ‘global NCD alliance forum’

Sharjah / Emirates Business His Highness Sheikh Dr Sultan bin Muhammad Al Qasimi, Supreme Council Member Ruler of Sharjah and Her Highness Sheikha Jawaher bint Mohammed Al Qasimi, wife of His Highness the Ruler of Sharjah, and Patron of the Global NCDA Forum, on Saturday opened the most influential gathering of experts and decision makers in the field of Non-Communicable Diseases ...

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Foundation stone laid for Sheikh Zayed Village in Sri Lanka

Colombo / WAM Dubai Charity Association laid the foundation stone for the Sheikh Zayed Bin Sultan Al Nahyan Village in Sri Lanka. The village, located in Al Manar area, north of Sri Lanka, is planned to accommodate 50 houses for underprivileged families, a mosque for more than 270 worshippers, and a school with an occupancy capacity of 240 students. In ...

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