News

  Dubai / WAM Abu Dhabi Fund for Development (ADFD) and the International Centre for Biosaline Agriculture (ICBA) signed a Memorandum of Understanding to complete the construction of the Emirates Soil Museum in the Emirate of Dubai. The museum, a unique hub for soil education, will be the first of its kind in the Gulf Cooperation Countries and the Middle East ...

  Dubai / WAM The Ministry of Human Resources and Emiratisation (MoHRE) recently organised its sixth forum on human resources to enhance internal communication and promote staff connectivity. Speaking on the occasion, Mohammed Saqr Al Nuaimi, Acting Assistant Under-Secretary for Institutional and Support Services, emphasised the importance of organising forums according to directives from Saqr Ghobash, Minister of Human Resources and ...

  Abu Dhabi / WAM The Ministry of Economy recently organised a workshop to discuss the terms of the Trade Facilitation Convention of the World Trade Organisation (WTO) and its implementation in relation to international trade. Organised at the Ministry’s office in Abu Dhabi, the workshop was attended by representatives from the Abu Dhabi Global Market, Dubai Silicon Oasis Authority, Dubai ...

  Dubai / WAM The Emirates Group in collaboration with the General Electric company, Etisalat and Dubai Silicon Oasis Authority (DSOA) on Tuesday announced the launch of a joint initiative targeting young entrepreneurs and students in the UAE. The joint initiative, called ‘Intelak’ (taking off), will bring together selected entrepreneurs and students from across the UAE to participate in a travel, ...

  Bloomberg The minister in charge of trade in Finland says there’s a real risk global advances are reversed amid a geopolitical shift that threatens to kill jobs and undermine prosperity. For a small country like Finland — a euro member that shares the European Union’s longest border with Russia — the picture is “very dark,” Kai Mykkanen, foreign trade ...

  AFP German healthcare giant Fresenius said it will buy Spain’s largest private hospital group Quironsalud for 5.76 billion euros ($6.4 billion), adding more than 40 hospitals to its portfolio and expanding its European reach. Shares in Fresenius jumped nearly four percent on the news in early trading on the Frankfurt stock exchange on Tuesday. The deal marks the group’s ...

  AFP The German pharmaceutical and chemicals group Bayer said it would sweeten its offer for US rival Monsanto. In a statement, Bayer said it would raise its offer for the US seed giant to $127.50 per share from $125. That would bring the deal’s total value to almost $66 billion including debt. Monsanto confirmed Bayer’s improved bid for a ...

  AFP Swedish automaker Volvo Cars will form a joint venture with car safety world leader Autoliv to develop software for driverless vehicles, the two companies said on Tuesday. Volvo Cars said in a statement it was forming the joint venture with Autoliv, a Swedish pioneer of the safety belt in the 1950s, to “develop next generation autonomous driving software.” ...

  AP Germany’s finance minister says the country will keep its budget balanced despite increasing spending on research, training and infrastructure, as well as dealing with the huge influx of migrants last year. Germany’s budget has been balanced since 2014 and Finance Minister Wolfgang Schaeuble told Parliament on Tuesday his plans through 2020 foresee it remaining that way. His budget ...

  Bloomberg Swiss economic momentum accelerated in the second quarter, exceeding that of the euro area and hitting its fastest pace since 2014. Gross domestic product rose 0.6 percent in the three months through June, after gaining a revised 0.3 percent in the prior quarter, the State Secretariat for Economic Affairs in Bern said on Tuesday. That jump, helped by ...