News

  Dubai / Emirates Business The Mohammed bin Rashid Space Centre (MBRSC) announced the 2nd Annual EMM Science Workshop, which targets students, graduates and educational entities from various UAE universities. The workshop, which will be held on October 3 at The Westin Dubai, Al Habtoor City, will address the science of the Martian atmosphere, as well as various topics about ...

  Dubai / WAM Google announced on Sunday the arrival of Fujairah in Street View, a feature by Google Maps that will allow users to view and navigate 360 degree street-level imagery of major streets across the city. Following Umm Al Quwain, Sharjah, Dubai, and Ajman, Fujairah is the fifth Emirate to be featured on Street View. Street View was launched ...

  London / Bloomberg The UK pledged to support British businesses and universities that receive billions of pounds a year from the European Union after the country leaves the 28-nation bloc. Projects approved before the government’s autumn budget statement will receive full funding, while the Treasury will make arrangements to assess guarantees for projects signed later, according to a statement ...

  Bloomberg The UK may be a key ally of Denmark, but that doesn’t mean it should expect any favors from the government in Copenhagen when it negotiates its departure from the European Union. “Our objective is to make the best possible deal for Denmark,” Danish Foreign Minister Kristian Jensen told Bloomberg when asked about future Brexit talks. The small ...

  Rome / AFP Italy is to seek a new deal with the European Union to allow it to kickstart its stalling economy with an expansionary 2017 budget, a government minister said. Economic Development Minister Carlo Calenda’s comments came three months after Rome was granted “unprecedented” leeway over its 2016 budget and warned by the European Commission that it should ...

  La Paz / Bloomberg Brazil’s real weakened after the central bank intervened amid comments by acting President Michel Temer that signaled he’s worried about the currency’s world-beating rally this year. Temer said Brazil needs to maintain a balanced exchange rate, neither too weak nor too strong, Valor Economico newspaper reported. The monetary authority offered 15,000 of reverse currency swaps, ...

  Berlin / Bloomberg Volkswagen AG got German regulatory approval to carry out technical fixes on 460,000 diesel cars fitted with software that cheats emissions tests. The approval from the Federal Motor Transport Authority applies to models with 1.2-liter EA189 engines including Volkswagen Polo and Seat Ibiza, the German carmaker said in a statement on Sunday. Germany’s approval is valid ...

  Washington / Bloomberg A. P. Moeller-Maersk A/S, a Danish conglomerate that owns the world’s largest container shipping company, is voicing concern as a potential shift in U.S. policy threatens to reduce global trade. While Maersk assumes that no matter how the U.S. presidential election ends, it probably “won’t have an effect on the contracts we have and the employment ...

  Abu Dhabi / Emirates Business Abu Dhabi National Exhibitions Company (ADNEC), on Sunday announced the commencement of the second phase of expansion and development of Al Ain Convention Centre (AACC). The Phase II expansion work is in line with ADNEC’s strategy to promote and strengthen the high-potential business tourism industry in Al Ain. Aimed at enabling the exhibition and ...

  Dubai / Emirates Business Dubai Electricity and Water Authority (DEWA) has begun implementing the third phase of the SAP-Business Planning and Consolidation (BPC) module, for planning and budgeting processes. BPC allows online budgetary requests across DEWA divisions, for Capex (Capital Expenditure) fund requirements, and Opex (Operational Expenditure) fund requirements, along with necessary approvals. “DEWA continuously cooperates with the largest ...