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DUBAI / Emirates Business Dubai Investment Development Agency (Dubai FDI), an agency of Dubai Economy, and the MassChallenge, a non-profit start-up accelerator based in Boston (USA), signed a partnership to support global initiatives and projects that attract start-ups as well as investments to Dubai and the UAE. As part of the partnership, a roadmap will be established to expand MassChallenge’s ...

ABERDEEN / WAM Scotland’s First Minister Nicola Sturgeon and Norway’s Minister for Energy and Petroleum, Terje Soviknes, attended the formal unveiling of the world’s first commercial-scale floating wind farm, a renewable energy project which paves the way for the development of wind energy resources in areas beyond the reach of existing offshore wind technologies, according to Abu Dhabi Future Energy ...

Dubai / WAM The General Civil Aviation Authority (GCAA) announced that on December 7, in a ground-breaking and historic moment, the UAE will implement one of the largest airspace changes the region has ever seen. Specifically, the date will signal the completion of the UAE Airspace Restructuring Project (ARP), which will see the Emirates Flight Information Region (FIR) transformed into ...

Dubai / WAM Global trade enabler DP World is stepping up container handling productivity at its flagship Jebel Ali Port, by adding 1.5 million TEU, twenty- foot equivalent units, to Container Terminal 3 (T3). The expansion is in response to emerging market demand and increases the port’s capacity from 18 million TEU to 19.5 million TEU. T3 now has a ...

ABU DHABI / WAM The Abu Dhabi Global Market (ADGM), the International financial centre in Abu Dhabi, and Mastercard, a leading technology company in the global payments industry, are collaborating on initiatives and fostering more opportunities to support the development and growth of FinTech activities in the UAE capital and the wider region. ADGM and Mastercard share a mutual commitment ...

Dubai / Emirates Business Chestertons MENA has reported the total number of off-plan transactions in the third quarter of 2017 has increased by 86% from the previous quarter, while the value of off plan transactions was up by 118% to AED4.04 billion. “With reference to off-plan transactions, Dubai’s real estate market has witnessed seasonal peaks and troughs in the last ...

Bloomberg Toyota Motor Corp. is set to unveil a fuel-cell concept car that aims to offer 50 percent more driving range than its current hydrogen-powered sedan in a technology push that defies a rising wave of battery-driven vehicles. Japan’s biggest auto manufacturer is targeting a 1,000-kilometre range for the Fine-Comfort Ride concept saloon under local standards, compared with about 650 ...

Bloomberg As Qualcomm Inc. turns to a Chinese court in its battle with Apple Inc., the task of deciding who prevails in a dispute that could affect a million workers falls to a relatively new arm of the country’s judiciary. The Beijing Intellectual Property Court is one of three specialist venues in the Chinese judiciary set up to rule exclusively ...

Bloomberg Secretary of State Rex Tillerson laid out the Trump administration’s vision for the US role in South Asia, arguing for greater US economic influence and military ties as he praised an “emerging Delhi-Washington strategic partnership” as an anchor for stability. Tillerson’s speech on Wednesday, a rare policy address for America’s top diplomat since he took office more than eight ...

Bloomberg Qudian Inc., a Chinese online loan provider, jumped in its trading debut after pricing the fourth-biggest US initial public offering this year. Qudian rose as much as 48 percent and was up 32 percent to $31.60 at 11:50 am on Wednesday in New York. The company raised $900 million, selling 37.5 million American depositary shares for $24 apiece, according ...