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Our brilliant minds are our real wealth, says Sheikh Hamdan

Dubai / WAM His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of the Board of Trustees of Dubai Future Foundation, on Monday received the UAE team participating in the 2019 FIRST Global DXB Challenge robotics event. Dubai Future Foundation is organising the event under the theme ‘Ocean Opportunities’. To be held for ...

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UAE, Russia join forces to counter terror, stabilise world oil markets

ABU DHABI / WAM His Highness Sheikh Abdullah bin Zayed Al Nahyan, Minister of Foreign Affairs and International Cooperation, and Denis Manturov, Russian Minister of Industry and Trade, co-chaired the 9th meeting of the UAE-Russia Joint Committee, which held in Abu Dhabi on Sunday. Addressing the meeting, HH Sheikh Abdullah stated that the meeting is complementing the works of previous ...

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UAE continues to support education sector in Yemen

Aden / WAM The UAE is continuing to support Yemenis, under the framework of its humanitarian mission to ease their suffering and improve their living conditions, through reinforcing service sectors in the country’s liberated governorates, especially the education sector. The Emirates Red Crescent (ERC), inaugurated Has-Hasa Elementary School in Al Saeed District, Shabwa, with the attendance of Ali Naasan, Director ...

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‘Putin’s visit taking place at historic time’

ABU DHABI / WAM Mohammed Khalifa Al Mubarak, Chairman of the Department of Culture and Tourism in Abu Dhabi, stated that the visit of Vladimir Putin, President of Russia, to the UAE is taking place during a historic period when the bilateral ties between the UAE and Russia have witnessed significant progress. Speaking to the Emirates News Agency (WAM), Al ...

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Assad sends Syrian troops north as Turkish offensive escalates

Bloomberg Syrian government forces pushed closer to the Turkish border after striking a deal with Kurdish fighters, as Washington’s decision to abandon its allies reverberated on the battlefield. Turkish President Recep Tayyip Erdogan says his offensive into Syria is necessary to push back Kurdish militants and resettle refugees, but the rapid advance has drawn international condemnation, accusations of war crimes ...

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India court halts JSW’s $2.8b purchase of Bhushan Power

Bloomberg An Indian court temporarily halted JSW Steel Ltd’s $2.8 billion purchase of insolvent Bhushan Power & Steel Ltd, a move that hurts the South Asian nation’s effort to clean up the world’s worst bad-debt pile. The National Company Law Appellate Tribunal (NCLAT) ordered a freeze on payment by the Sajjan Jindal-led mill and took objection to the Enforcement Directorate, ...

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Chinese shoppers, investors losing their appetite for gold

Bloomberg China’s shoppers and investors lost their appetite for gold this year — and there’s little expectation of any major improvement in 2020 as slowing growth and higher prices crimp consumer spending. Jewellery consumption is forecast to drop 4% to about 660 tons this year, according to forecasts from Metals Focus Ltd, while a decline of more than 20% to ...

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Apple’s lower prices, users’ aging handsets drive iPhone demand

Bloomberg Apple Inc is seeing higher iPhone demand than it expected, thanks to two forces consumers find hard to resist: falling prices and the inevitable aging of older models. Since missing holiday sales targets last year, the company has cut some prices and offered more attractive trade-in deals. The iPhone 11 went on sale at $699 — $50 below the ...

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Porsche steps up Tesla battle with ‘Taycan’

Bloomberg Porsche is intensifying its battle against Tesla with the unveiling of $116,590 version of the electric Taycan that’s pitched at a similar price point to the top-line version of the US company’s Model S. The entry-level Taycan 4S is available for pre-orders now and will enter showrooms in early January, the Volkswagen AG brand said. The model follows Porsche’s ...

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Lamborghini review marks step in VW’s march to $220b

Bloomberg Volkswagen AG’s plan to review options for its Lamborghini supercar division marks a further step in Chief Executive Officer Herbert Diess’s campaign to transform the world’s biggest automaker and more than double its market value. The German manufacturer is weighing a potential sale or stock listing for the Italian brand, according to people familiar with the matter, as Diess ...

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