News

  Abu Dhabi / WAM Smart Dubai Office (SDO), the government entity charged with leading Dubai’s transformation to a smart city, has signed a cooperative agreement with Smartmedical, a company pioneering ‘Vocal Emotions’ technology. The Memorandum of Understanding (MoU) includes research on the concept and design of ‘Vocal Emotions’ technology. ‘Vocal Emotions’ technology measures the types of emotions people are experiencing ...

  Abu Dhabi / WAM A delegation from Abu Dhabi Ports visited Wahat Al Karama (Oasis of Dignity), a permanent memorial site dedicated to commemorate the memory of UAE martyrs who made the ultimate sacrifice to defend the country and protect its sovereignty. The delegation, headed by Captain Mohamed Juma Al Shamisi, CEO of Abu Dhabi Ports, inspected the Memorial Monument, ...

  Abu Dhabi / Emirates Business Abu Dhabi National Hotels Company (ADNH) pledged AED3 million in support for Sandooq Al Watan’s activities, in a meeting held at ADNH’s Abu Dhabi headquarters. Working, first and foremost, to implement a holistic and sustainable development plan in the Emirates, Sandooq Al Watan reflects the UAE private sector’s commitment to social responsibility, and highlights ...

  Bloomberg Ford Fusion: down 37 percent. Chevrolet Malibu: down 36 percent. Toyota Prius: down 29 percent. As those grim numbers suggest, the US auto industry was blindsided last month by just how fast sedans have fallen out of favor with Americans now embracing roomier sport utility vehicles. Family-friendly crossovers may be more profitable, but the quick shift is causing ...

  Bloomberg Switzerland’s financial regulator said it’s still probing UBS Group AG and three other private banks in relation to alleged corruption and money laundering at the Malaysian government fund known as 1MDB. “There are still a handful of cases related to 1MDB that have not been concluded,” Mark Branson, chief executive officer of the regulator Finma, told reporters in ...

  Bloomberg US President Donald Trump rescinded a rule requiring internet service providers to seek subscribers’ permission before using their web browsing history for marketing, handing broadband providers a victory and giving Democrats a campaign issue. Trump signed a resolution, which passed Congress with only Republican votes, to repeal the privacy rule adopted last year by Democrats at the Federal ...

  Bloomberg SNC-Lavalin Group Inc. is holding talks to buy WS Atkins Plc of the UK for 2.08 billion pounds ($2.6 billion) as Canada’s biggest engineering and construction company looks to expand its global reach with a record acquisition. The Montreal-based builder made a tentative offer of 2,080 pence a share, “a level that the board would be prepared to ...

  Bloomberg The world will have a better idea by the end of this week, but probably no definitive answer, on whether the US economy’s boom in “soft” data is being reflected in the “hard” stuff. This week’s economic data include trade figures and factory orders, culminating in a payrolls report forecast to show 175,000 jobs added by US employers ...

  Bloomberg Peabody Energy Corp., America’s biggest coal miner, is back. After almost a year in bankruptcy, the St. Louis-based giant will trade yet again on the New York Stock Exchange on Tuesday. Clarksons Platou Securities Inc. estimated a market capitalization of $3.97 billion for the company, which at its height was valued at almost $24 billion. Its return to ...

  Dubai /Emirates Business The 11th edition of The World Retail Congress began at Madinat Jumeriah for the second time on Tuesday, under the Patronage of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai. The three-day World Retail Congress brought together global retail leaders, providing them with an ...