News

ABU DHABI / WAM Researchers at New York University Abu Dhabi’s Design for Excellence lab have developed new innovations in computer chip technology that present landmark achievements in IT security. Secured by a secret key so that only authorised users may utilise them, and immune to reverse-engineering, ‘logic-locked’ computer chips will provide future users with new guarantees of security for ...

ABU DHABI / WAM Emiratisation at Abu Dhabi Systems & Information Centre (ADSIC) hit 80% during Q2. The increased nationalisation pace of posts goes in harmony with a comprehensive plan to implement the objectives envisaged by the UAE Vision 2021 National Agenda . Fatma Hamad Al Hamli, Executive Director of Support Services Department at ADSIC has stated that high Emiratisation ...

RAS AL KHAIMAH / WAM The Ras al-Khaimah Economic Zone (RAKEZ) began accepting entries on Sunday for the RAKEZ Business Excellence Awards 2017. The awards, with a cash prize of AED200,000, recognises companies for their outstanding excellence and for their key role in the economic development of the emirate of Ras al-Khaimah. “Would you believe that we only had 120 ...

ABU DHABI / WAM “VAT for the Import and Export Sector and Registration Mechanism” was the title of an awareness workshop organised by the Abu Dhabi Chamber of Commerce and Industry, in cooperation with the Federal Tax Authority, on Sunday to spread awareness amongst import and export companies on the mechanism of applying the value added tax in the country. ...

Bloomberg The UK is piling pressure on the European Union to shift the focus of Brexit negotiations away from the terms of divorce and onto their future relationship. Britain will publish a flurry of documents in the coming days laying out the government’s position on topics ranging from data protection to judicial cooperation. Five papers are due to be published ...

Bloomberg Alphabet Inc.’s Google is developing new tools designed to boost subscriptions for news publishers. It follows a similar olive branch from Facebook Inc. to an industry that has seen the digital behemoths take over the online advertising market. Google’s latest foray arrives on three fronts. The first is a revamp of its feature, called “first click free,” that allows ...

Bloomberg Nestle SA’s Poland Spring Water unit has duped American consumers into paying premium prices for ordinary groundwater that’s pumped from some of Maine’s most populated areas, rather than from natural springs as the company advertises, according to a lawsuit. While Poland Springs says its water bottles contain “100 percent natural spring water” from a source deep in Maine’s woods, ...

Bloomberg At a private estate on Pebble Beach Golf Course in Carmel, Calif., Mercedes-Benz unveiled its latest concept car: the Mercedes-Maybach Vision 6 Cabriolet last week. Like the Vision Mercedes-Maybach 6 concept that the company unveiled prior to the Pebble Beach Concours d’Elegance last year, the Maybach 6 Cabriolet is an electric car that’s nearly 20 feet long, has a ...

Bloomberg The Philippines is seeking investment from China and Japan for $135 billion worth of power projects that President Rodrigo Duterte’s government is ready to fast-track. The Southeast Asian nation has held discussions with China, Japan, Russia and other countries about helping it boost generation capacity by 43 gigawatts in the coming decades to stabilize its power supply as the ...

CAIRO / Reuters Egypt is hoping that long-awaited regulations approved to its new investment code will draw in fresh and needed cash from abroad as the country pushes ahead with reforms. Investment Minister Sahar Nasr told Reuters in an interview that the law could now be active within days. “Establishing (a company) will literally now take hours. It used to ...