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UK pushes electric cars with requirement for charging points

Bloomberg The UK government is boosting its push to promote electric and driverless cars with a draft law requiring gasoline retailers across the country to install more charging points. The provisions are included in the Automated and Electric Vehicles Bill, which is scheduled to be debated in Parliament for the first time on Monday after being published last week. It’s ...

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Ex Twitter engineer seeks to show women can climb only so high

Bloomberg The way Tina Huang tells it, the path to her resignation from Twitter Inc. was a Kafkaesque experience. She said she was denied a promotion, led to believe her coding skills were inferior, asked to take a leave of absence, and scolded for taking that leave. Two years ago, she sued, contending that the company systematically thwarts the advancement ...

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Dubai launches Digital Wealth, IoT strategy

DUBAI / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of UAE and Ruler of Dubai, launched the flagship Dubai Internet of Things (IoT), Strategy, and the Data Wealth initiative to safeguard the emirate’s digital wealth and award Dubai Digital Certificates to outstanding government and private entities. The initiative, which was launched at Smart ...

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ADCB Q3 profit rises 9 percent

DUBAI / Reuters Abu Dhabi Commercial Bank (ADCB) posted a 9 percent rise in third-quarter net profit on Sunday helped by a rise in net interest and non-interest income. Abu Dhabi’s second-largest bank by assets made a net profit attributable to shareholders of AED1.09 billion ($296 million) in the three months to September 30, up from 999 million a year ...

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Smart Dubai, DESC strike deal to safeguard Dubai’s digital wealth

DUBAI / WAM Vice President and Prime Minister of UAE and Ruler of Dubai, His Highness Sheikh Mohammed bin Rashid Al Maktoum, attended the signing of an MoU between Smart Dubai Office (SDO) and Dubai Electronic Security Centre (DESC) to safeguard Dubai’s digital wealth and implement the Dubai Digital Certificates. HH Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown ...

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NBF Q3 profit up 11.9%

FUJAIRAH / WAM National Bank of Fujairah (NBF) announced its results for the nine month period ending September 30, 2017, posting an operating profit of AED228.7 million in the period, a rise of 11.9 percent quarter-on-quarter, and an increase of 5.2 percent for the nine month period compared to 2016. According to a press release from the bank, this reflects ...

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UAE calls for youth at heart of UN sustainable cities agenda

NEW YORK / WAM The UAE has called on the international community to take into consideration the concerns of young people in implementing the urban agenda and to enhance their effective participation in creating sustainable cities and human settlements suitable for all. In a statement delivered by the UAE youth representatives to the United Nations, Sarah Al Suwaidi and Omar ...

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UAE, Indian state discuss economic, trade relations

DUBAI / WAM Sultan bin Saeed Al Mansouri, Minister of Economy, and N. Chandrababu Naidu, Chief Minister of the Indian State of Andhra Pradesh, have discussed the means of consolidating the joint economic and trade co-operation between the UAE and Andhra Pradesh, by focussing on potential opportunities in the fields of innovation and advanced technology, along with infrastructure, logistical services, ...

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ADX set to host annual forum for listed firms

ABU DHABI / WAM Abu Dhabi Securities Exchange (ADX), the region’s leading financial market will host its annual forum for Abu Dhabi’s listed companies on Tuesday, October 24, at the Rosewood Hotel on Al Maryah Island. The forum is part of ADX’s objectives towards strengthening and developing its strategic partnerships with listed companies, as well as keeping partners up-to-date with ...

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‘People of UAE cornerstone of nation’s development’

DUBAI / WAM Suhail bin Mohammed Faraj Faris Al Mazrouei, Minister of Energy and Industry, stated that the people of the UAE are the cornerstone of the country’s development and endeavours to reduce energy and water consumption while increasing the use of solar energy in private properties. In his speech at the annual International Energy Day on Sunday, Al Mazrouei ...

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