ABU DHABI / WAM The Abu Dhabi National Oil Company (Adnoc), announced on Tuesday it has signed an agreement with Group 42 (G42), an Abu Dhabi based artificial intelligence, cloud and supercomputing company, to establish a joint venture to develop and commercialise market-leading artificial intelligence (AI), products for the oil and gas industry. Under the terms of the agreement, a ...
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Dubai-China trade grows 81% to AED139 billion in 10 years
Dubai / WAM Ahmed Mahboob Musabih, Director-General of Dubai Customs, discussed means of boosting cooperation between Dubai and China with representatives of more than 20 Chinese companies headed by the Chinese Consul-General to Dubai, Li Xuhang. The visitors were briefed on the experience of Dubai Customs in developing and sustaining customs systems and the international supply chain. The meeting is ...
Read More »UAE the land of opportunities and dreams: Report
Abu Dhabi / WAM The UAE has embraced hundreds of leading innovative ideas and projects, making it the home of all innovators and ambitious people from around the world. The UAE’s openness and tolerance, as well as its safe and stable environment and its strategic location and modern legislation, have enabled it to attract people wishing to establish their businesses ...
Read More »Nissan withdraws dividend outlook in a blow to Renault
Bloomberg Nissan Motor Co withdrew its dividend outlook and said it’s now undecided on a payout, an unexpected blow to top shareholder Renault SA. The Japanese automaker, which slashed its profit and sales outlook for the current fiscal year to March, had already cut its dividend earlier this year. It withdrew its outlook for a 40 yen-per-share divided for the ...
Read More »Delhi’s toxic air fuelled by rice fields that India doesn’t need
Bloomberg Each year India’s rice farmers burn the stubble of the harvested crop, contributing to an annual haze that damages the health of those in and around the capital. Yet the country is producing more rice than it needs thanks to government subsidies. Guaranteed prices have encouraged farmers to grow so much rice — one of the most water-intensive crops ...
Read More »Trump expected to delay car tariffs as Europe invests in US
Bloomberg The Trump administration may delay a decision on whether to slap tariffs on European automobiles after an intense lobbying campaign by German carmakers highlighted plans to shift global production to American suppliers, people familiar with the White House deliberations said. In May, President Donald Trump gave himself a deadline of mid-November to decide whether to impose levies on cars ...
Read More »Microsoft’s privacy law covers whole US
Bloomberg Microsoft Corp said it will extend the “core rights†in California’s new privacy law to customers across the US and called for legislators to go further than the state provisions, which have sparked concern in industries from technology to retail. The announcement by the software giant comes as tech companies and trade groups are calling for a national privacy ...
Read More »Adidas abandons robotic factory experiment in US, Europe
Bloomberg Adidas AG plans to idle experimental “speed factories†in the US and Germany, redeploying techniques developed there to suppliers in Asia, where the vast majority of its products are already made. The decision is a setback for anyone who hoped that projects like the speed factories represented the dawn of a new era of manufacturing in Europe and North ...
Read More »Dems take impeachment probe public as Trump roars defiant
Bloomberg House Democrats this week are taking their effort to impeach Donald Trump into a risky new phase of public hearings that the president is eager to turn into a made-for-TV personal battle, echoing his successful White House run in 2016. The hearings on Wednesday and Friday feature three career diplomats who, in previous closed-door depositions, outlined attempts by Trump’s ...
Read More »Cabinet OKs policy against domestic violence
Abu Dhabi / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, announced on Monday a new Family Protection policy that includes mechanisms for protecting women, children, the elderly, and people of determination from any type of violence and abuse. In a Cabinet meeting chaired by His Highness ...
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