News

  Dubai / WAM The Mohammed Bin Rashid Centre for Government Innovation (MBRCGI) and the Mohammed Bin Rashid Innovation Fund (MBRIF) launched the second edition of the Pitch@GOV initiative as part of the UAE Innovates 2023. The event aims to foster collaboration between government entities and private sector organisations, entrepreneurs, and innovators to promote culture of innovation in the country. ...

  Sharjah / WAM Souq Al Jubail, a project of Sharjah Asset Management Company, the investment arm of the government of Sharjah, welcomed more than 4.44 million visitors and achieved significant volumes of vegetable and fruit sales exceeding 2,354 tonnes during 2022. The excellent turnout and performance thus far have been credited to the Souq’s exceptional quality and integrated services ...

Abu Dhabi / Gulf Time Abu Dhabi Marine Sports Club announced that the UAE Remote Control Boat Championships begins on February 4 as part of the marine sports season in the capital, Abu Dhabi. As many as 34 competitors are taking part in three categories of the tournament — 2 Cell, 3 Cell and 4 Cell for junior, novice and ...

  Bloomberg Technology bellwethers Apple Inc., Amazon.com Inc. and Alphabet Inc. posted results Thursday that show an economic slowdown is throttling demand for everything from electronics and e-commerce to cloud computing and digital advertising. Apple’s sales fell more than analysts predicted during the holiday quarter, slammed by slack purchases of iPhones and Macs. Amazon’s revenue was trimmed by soft consumer ...

Bloomberg Google employees staged protests on both US coasts this week to call attention to labor conditions for subcontracted workers and support thousands of co-workers who were recently laid off. Rallies, one held on Wednesday at Google headquarters in Mountain View, California, and another Thursday near Google’s corporate offices in New York City, came after the company announced the largest ...

Bloomberg Brazil President Luiz Inacio Lula da Silva defended the use of additional tools besides interest rates to rein in inflation, including a more active policy to reduce foreign exchange volatility and the regulation of fuel prices and food stocks. In a 180-page message to lawmakers on Thursday, Lula blamed his predecessor Jair Bolsonaro for abandoning the use of “important ...

  Bloomberg Italy will “study the details” of KKR & Co’s offer for Telecom Italia SpA, Economy and Finance Minister Giancarlo Giorgetti said. The government, which is stakeholer of the belaguered phone carrier, will “evaluate the offer when it has full information on it” Giorgetti said Friday in Rome, according to Ansa newswire. The minister reiterated that the government’s goal ...

Bloomberg Tesla Inc. is expected to announce an investment in Mexico very soon as the country works to expand infrastructure and renewable energy supply to take advantage of a boom in companies relocating, Foreign Affairs Minister Marcelo Ebrard said. The Mexican government has been working with the carmaker led by billionaire Elon Musk to help it find a location to ...

  Abu Dhabi / Gulf Time Leading real estate development company, Bloom Holding, announced on Friday that it has begun the early handover of townhouses to owners at Bloom Garden’s fifth phase Aldhay. Aldhay was completed six months ahead of its scheduled handover date, which was set for the third quarter of 2023, adding 181 spacious two to five-bedroom townhouses ...

  Dubai / WAM Dubai Health Authority (DHA) has signed a memorandum of understanding (MoU) with Dubai Integrated Economic Zones Authority (Diez), to promote cooperation and coordination between the two sides to enhance investment opportunities in Dubai’s healthcare sector, support the formation of healthcare start-ups, and develop innovative technological solutions. This aligns with the Dubai Economic Agenda D33 agenda, which ...