Abu Dhabi / WAM The strategic partnership between the UAE and Egypt in the field of government modernisation has translated the vision of the two countries’ leaderships in developing a common Arab model of government action according to the best international standards. In April 2018, the United Arab Emirates and the Arab Republic of Egypt launched a strategic partnership to ...
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Adnoc to use drones in search for new oil and gas resources
ABU DHABI / WAM The Abu Dhabi National Oil Company (Adnoc), in collaboration with France’s Total, is to deploy drones and unmanned vehicles to collect 3D seismic data as it expands its search for new oil and gas resources throughout the emirate of Abu Dhabi. It will be the first time, in the region, the technology has been used to ...
Read More »Austria lays foundation stone for pavilion at Expo 2020 Dubai
DUBAI / WAM Austria laid foundation stone for its pavilion in Expo 2020 Dubai, in the presence of Beatrix Karl, Commissioner-General, and Najeeb Mohammed Al-Ali, Executive Director, Dubai Expo 2020 Bureau. As part of Austria’s participation in Expo 2020’s Opportunity District, extensive activities are planned to further deepen the bilateral relations between Austria and UAE, as well as the whole ...
Read More »Merkel to ratchet up Huawei restrictions to protect data
Bloomberg Chancellor Angela Merkel’s government is prepared to make a key concession to security hawks by tightening barriers aimed at Chinese equipment supplier Huawei Technologies Co, according to people familiar with the plans. A draft of security measures being rolled out by the German government aims to block Huawei components from entering the core network of the country’s ultra high-speed ...
Read More »UK inflation rate hits three-year low
Bloomberg Cheaper gas and electricity pushed UK inflation to its lowest rate in almost three years last month, bringing respite for Prime Minister Boris Johnson after two days of disappointing data. Consumer prices rose 1.5% from a year earlier, the smallest increase since November 2016, after a new energy price cap came into force, the Office for National Statistics said ...
Read More »Musk’s Tesla picks Germany for European gigafactory
Bloomberg Elon Musk picked a glitzy event in Germany, a few hours’ drive from the birthplace of the internal combustion engine, to drop the news before some of the world’s biggest car bosses: Tesla Inc plans to set up shop in their backyard. The billionaire chief executive officer announced that Tesla will round out its global manufacturing network with a ...
Read More »Musk’s China challenger to debut electric car next year
Bloomberg China Evergrande Group, the property giant with ambitions to become the world’s biggest maker of electric vehicles, plans to unveil its debut car by June — a year later than first promised. The car, to be sold under the ‘Hengchi’ brand, will debut in the first half of next year, with mass production starting in 2021, the company said ...
Read More »Singapore to become global leader in AI
Bloomberg Singapore has unveiled an ambitious strategy to become a global leader in artificial intelligence by 2030, attempting to carve out a niche for itself in an increasingly politicized technology. Deputy Prime Minister Heng Swee Keat outlined five key areas the island nation is targeting for AI applications including in transport and logistics planning, provision of municipal services, detection and ...
Read More »Army deploys in Lebanon as plea to protesters backfires
Bloomberg The Lebanese army deployed heavily across the country and banks and schools remained shut for a second day as protesters incensed by a call to go home began to converge on the presidential palace. Life in much of Lebanon ground to a halt a day after President Michel Aoun told anti-government demonstrators to disperse or else they’d risk the ...
Read More »Adnoc LNG signs agreements with oil majors BP and Total
ABU DHABI / WAM Adnoc LNG announced on Tuesday it has concluded supply agreements with subsidiaries of BP and Total, effectively booking out the majority of its LNG production through Q1 2022. With the transactions, Adnoc LNG has continued to expand its footprint into new regions and markets. The agreements were signed by officials from BP, Total and Adnoc LNG ...
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