Uncategorized

Dubai / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, announced on Wednesday a new satellite project called the MBZ-SAT, which will become the second Emirati satellite to be fully developed and built by a team of Emirati engineers after the KhalifaSat. To be developed at the ...

Abu Dhabi / WAM His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, has announced the decision to open a Consulate-General in the city of Laayoune, a Moroccan province in the Western Sahara. During a phone call with King Mohammed VI of Morocco, His Highness Sheikh Mohamed ...

ABU DHABI / WAM First Abu Dhabi Bank (FAB) has announced the launch of “Super Surprises”, a new artificial intelligence (AI) tool that monetises payments data through effective campaigns resulting in increased sales and new customer footfall for merchants. “Super-Surprises” is the latest of the offerings under the bank’s “Payment as a Platform” and is built on analysing spending behaviour ...

Abu Dhabi / WAM The UAE has strongly condemned the terrorist attack that took place in a religious school in the city of Peshawar, northern Pakistan, which claimed the lives of a number of innocent civilians, including children, and wounded others. In a statement, the Ministry of Foreign Affairs and International Cooperation emphasised that the UAE expressed its strong condemnation ...

Bloomberg Spanish shipbuilder Navantia is stepping up its bet on offshore wind energy, a venture that stands to benefit from the European Union’s fiscal response to the pandemic. The landmark 750 billion-euro ($890 billion) pandemic-recovery aid will encourage Spain to invest more in clean energy. That could galvanise the company’s recent pivot into sea-based power projects, said Managing Director Javier ...

Bloomberg When Joe Biden popped up in Warm Springs, Georgia to stump for votes, it underscored just how up for grabs the long-time Republican state has become this presidential election. And if Biden manages to become the first Democratic candidate to turn Georgia blue in 28 years, Asian Americans will likely play a decisive role in that victory. Their ranks ...

Bloomberg As the European Union (EU) seeks to disburse funds from its 750 billion-euro ($888 billion) recovery program as soon as next year, some of the countries hardest hit by the pandemic are struggling to work out how to best keep their finances in check once they take on billions of euros of new loans. Spain, Greece and Portugal plan ...

Bloomberg The World Trade Organization’s (WTO) effort to name a new leader hit a new roadblock on Wednesday after the Trump administration said it won’t back the appointment of Ngozi Okonjo-Iweala to be the WTO’s next director-general. The US could not support a consensus decision to appoint Okonjo-Iweala, Deputy US Trade Representative Dennis Shea said during a meeting of WTO ...

Bloomberg Italian Prime Minister Giuseppe Conte’s government has approved a new relief package to help sectors hit hardest by the latest coronavirus restrictions amid growing protests in cities including Milan and Turin. Conte’s cabinet signed off on measures worth about 5 billion euros ($6 billion) to partially compensate businesses that suffer from the partial lockdown approved over the weekend. The ...

Bloomberg The UK’s recovery already looks well past its peak, putting the economy on a shaky footing as it enters a winter of stricter restrictions to control the coronavirus. The worrying outlook prompted JPMorgan Chase to almost halve its forecast for fourth-quarter growth, with the bank expecting regional lockdowns to have a wider impact on sentiment across the country. That ...