News

  Bloomberg British technology startups are beginning to stress out over Brexit. Initially confident their industry wouldn’t be harmed by Britain’s break from the European Union, UK tech entrepreneurs are now girding for a bevy of challenges. A poll of 940 startup executives in the UK and other nations found that Brexit, which is set to be triggered in March, ...

  Bloomberg UK inflation picked up less than economists forecast in January as clothing-store discounts kept the rate from reaching the Bank of England’s target. The increase in the rate to 1.8 percent from 1.6 percent in December fell short of the 1.9 percent estimated in a Bloomberg survey. The pound weakened and traders pared bets on a Bank of ...

    Bloomberg Rolls-Royce Holdings Plc Chief Executive Officer Warren East said the struggling aircraft-engine manufacturer will deepen costs cuts and restructure or sell the weakest parts of its business after profit dropped by almost half in 2016. While around 80 percent of activities are in “a reasonably strong position in an attractive market,” the rest are on less solid ...

  DUBAI / WAM The Ministry of Finance (MoF), in cooperation with the Prime Minister’s Office and the International Monetary Fund (IMF), held a high-level closed session on economic diversification, on the sidelines of the World Government Summit 2017. The session aimed to discuss challenges and solutions to support thought-leaders during the implementation of economic diversification policies and change the ...

  KHARTOUM / WAM Hamad Mohamed Humaid Al Junaibi, the UAE Ambassador to Sudan, signed a contract to build four model villages with 1,200 traditional ‘Qateya’ housing units in the Sudanese state of Kassala, which will benefit over 5,000 people. He signed the agreement on behalf of the Emirates Red Crescent (ERC), in the presence of the Secretary-General of the Sudanese ...

  DUBAI / WAM Saeed Mohammed Al Tayer, MD & CEO of Dubai Electricity and Water Authority (DEWA), discussed future cooperation opportunities with Elon Musk, Founder and CEO of Tesla, the American company specialised in electric vehicles and energy storage. The meeting was held on the sidelines of the second day of the World Government Summit 2017. Al Tayer discussed ...

  ABU DHABI / WAM DarkMatter, the international cyber security firm headquartered in the UAE, will debut its capabilities targeting the defence sector at the upcoming International Defence Exhibition and Conference (IDEX 2017), in Abu Dhabi. Taking place from February 19-23 at the Abu Dhabi National Exhibition Centre, DarkMatter will launch its RF Jamming solutions, and Command, Control and Monitoring ...

  SHARJAH / WAM The UAE Ministry of Education signed a memorandum of understanding (MoU), with Expo Center Sharjah on Monday, ahead of the 13th International Education Show, to be held from February 15-17. The event also coincides with the 19th National Career Exhibition. The MoU, signed by Marwan Ahmad Al Sawaleh, Under-Secretary of the Ministry of Education for Academic ...

  Dubai / WAM In the presence of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, World Bank Group President Jim Yong Kim has launched a global education platform that gathers annually during the World Government Summit, with the aim of supporting education worldwide, and support children education among ...

  Dubai / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister and Ruler of Dubai, received United Nations (UN) Secretary-General Antonio Guterres on Monday with whom he discussed peace, terrorism and war. His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, and H.H. Sheikh Maktoum bin Mohammed bin Rashid Al ...