ABU DHABI / WAM The much anticipated inaugural FinTech Abu Dhabi event will kick-off on Sunday with distinguished regional and international leaders from the world of FinTech flying in and gathering at Abu Dhabi for a two-day event on October 22-23. FinTech Abu Dhabi, under the patronage of HH Sheikh Hazza bin Zayed Al Nahyan, Deputy Chairman of Abu Dhabi ...
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Abu Dhabi Airport bags ACI ‘best airport’ awards
ABU DHABI / WAM Airports Council International (ACI) awarded AbuDhabi International Airport (AUH), the ‘Best Airport in the Middle East’ and ‘Best Improved Airport: the Middle East’ accolades at the annual ASQ awards, held in Mauritius as part of the 27th ACI Africa/World Annual General Assembly, Conference and Exhibition. The ASQ Awards recognise airports around the globe that demonstrate a ...
Read More »Experts to explore IoT trends at Masdar forum in Abu Dhabi
Abu Dhabi / WAM The Masdar Institute of Science and Technology, a research-driven graduate-level institution focused on advanced energy and sustainable technologies, on Saturday announced that it is hosting the 2017 IFIP/IEEE International Conference on Very Large Scale Integration-System on Chips (VLSI-SoC) on the theme of ‘The Internet of Things: SoC Opportunities and Challenges’. Masdar Institute is part of the ...
Read More »Ajman Chamber, Brazil talk economic cooperation
AJMAN / WAM Abdullah Saeed Al Nuaimi, Ajman Chamber of Commerce and Industry Board of Directors Member, met with Fernando Luis Lemos Igreja, Ambassador of Brazil to the UAE, where they discussed ways to enhance and consolidate economic relations between the two sides. Al Nuaimi praised the economic cooperation between the UAE and Brazil, pointing out that the growth of ...
Read More »Asian companies sell most stock in US since Alibaba’s IPO
Bloomberg Investors are getting plenty of chances this month to tap one of the best-performing segments of the year’s initial public offerings: Asia-based companies listing in the US. Fifteen Asian companies have raised $3.2 billion in US-listed IPOs and seen their shares climb 46 percent since their listings this year, according to weighted-average share price data compiled by Bloomberg. That ...
Read More »Typhoon Lan poses a $35 billion threat to Japan in worst case
Bloomberg Typhoon Lan, which is forecast to strike near Tokyo, may cause an estimated $25 billion to $35 billion in damage, said Chuck Watson, a disaster modeler with Enki Research in Georgia. Lan is about 1,169 miles south of Tokyo with top winds of almost 150 miles per hour. That would make it the equivalent of a Category 4 hurricane ...
Read More »Alphabet, SoftBank billionaires swap seats in ride-hailing race
ÂÂÂÂÂÂÂÂÂÂÂBloomberg The future of the ride-hailing industry depends on the capricious largesse of two internet billionaires on opposite sides of the globe. Alphabet Inc., led by Larry Page, just backed Lyft Inc., while SoftBank Group Corp. chief Masayoshi Son is set to take a big stake in larger rival Uber Technologies Inc. Alphabet unit CapitalG led a $1 billion investment ...
Read More »BMW office raided in EU car collusion probe
Bloomberg BMW AG said it was raided by European Union antitrust watchdogs as the EU ramped up a probe into the German car industry following reports that carmakers colluded on technology for decades. News of the search marks the latest development in a probe sparked earlier this year. Daimler AG reported a possible cartel as part of the EU’s leniency ...
Read More »Tech spends millions on lobbying as pressure rises in US
Bloomberg Technology companies including Facebook Inc. and Amazon.com Inc. spent more than $10 million on federal lobbying in the third quarter, as Washington ratcheted up pressure on issues ranging from child trafficking to Russia’s alleged meddling in the 2016 election. Amazon spent $3.41 million—its biggest quarter in at least nine years—on tax policy, cloud security and computing, and others, according ...
Read More »Political price looms for May as she weighs UK’s Brexit bill
Bloomberg Theresa May left the European summit with warm words on Brexit from her fellow leaders, and the cold fact of a 60 billion euro ($70 billion) divorce bill they still want her to pay. The prime minister gave her clearest signal yet that she’ll cover the cost of the UK’s liabilities when it leaves the bloc, after leaders promised ...
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