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Abu Dhabi / WAM The Abu Dhabi National Oil Company (Adnoc) on Wednesday announced the launch of AIQ, its Artificial Intelligence (AI) joint venture (JV) company with Group 42 (G42), an Abu Dhabi-based AI and cloud computing company. The completion of the formation of AIQ follows the signing of the JV agreement between Adnoc and G42 in November 2019 with ...

DUBAI / WAM The United Arab Emirates has been named as the “model nation” to aspire to by Arab youth for the ninth consecutive year. In the 12th Annual ASDA’A BCW Arab Youth Survey, the country was voted for by young Arabs ahead of other Western and Eastern nations, underlining the UAE’s reputation as one of the world’s top places ...

Abu Dhabi / WAM The Board of Management of the UAE’s Federal Authority for Nuclear Regulation (FANR) has convened virtually, and reviewed the performance of the authority in accordance with the 2020 Operational Plan as well as the progress in implementing a number of initiatives planned during this year. Members of the board reviewed latest updates of the four units ...

Dubai / WAM Suhail bin Mohammed Al Mazrouei, Minister of Energy and Infrastructure and Chairman of the Board of Directors of the Sheikh Zayed Housing Programme, stated that the UAE government, since the establishment of the country in 1971, has prioritised the housing sector to provide citizens with suitable housing that will achieve their family stability, happiness and quality of ...

ABU DHABI / WAM Etihad Airways has announced that it is the country’s first airline to implement electronic technical logs (eTech logs) for airline operations. According to Etihad, the approval from the General Civil Aviation Authority (GCAA) for implementation on Etihad’s freighter fleet accelerates the journey towards paperless airline operations which is a key initiative for Etihad Airways and the ...

Bloomberg Democratic presidential nominee Joe Biden stood in front of the Civil War battlefields of Gettysburg to offer a pledge to unify the country as his campaign entered its final four weeks and his support appears to be growing. “Today, once again, we are a house divided,” Biden said using a phrase made famous by President Abraham Lincoln. “This must ...

Bloomberg The European Union looks (EU) set to launch a foray into social bonds, a market that has already swelled four-fold this year to fund projects to help societies recover from the coronavirus. The bloc’s first ever social bond sale is expected to come in the second half of October, as part of up to 100 billion euros ($118 billion) ...

Bloomberg The longest-maturity Treasury yield surged to a three-month high as traders adjusted their election bets. The yield curve steepened as the 30-year rate climbed more than nine basis points to 1.581%, the highest level since June 10, driving the widely watched 5- to 30-year spread to a peak of almost 125 basis points. Rates moved as US President Donald ...

Bloomberg Spain is prepared to extend its furlough program beyond January, Social Security Minister Jose Luis Escriva said, in the clearest statement yet on the future of the wage-support policy. “We stand ready to reevaluate the situation,” Escriva said in an interview with Bloomberg News, one week after the government agreed to prolong its previous aid measure through January 31. ...

Bloomberg Brazil is framing its slow-moving privatisation program as a way to protect forests and rivers following international investors’ mounting criticism of President Jair Bolsonaro’s environmental policies. Martha Seillier, special secretary of the Investments Partnerships Program, said infrastructure building via concessions and privatisations not only represents good business opportunities but is also an environment-friendly strategy as the country battles a ...