Abu Dhabi / WAM His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, on Monday received, in Qasr Al Bahr, Jawaher Saif Al Kumaiti, to honour her humanitarian actions and her bravery, heroism and quick thinking, which saved the life of an Asian driver. The driver was ...
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UAE on forefront in adopting smart technology
Dubai / WAM As the United Arab Emirates (UAE) takes significant strides towards embracing Artificial Intelligence (AI) technologies and further developing a knowledge-based economy, businesses must seize the opportunity and architect for disruption instead of becoming victims to it, a senior executive has said. AI investments in the UAE have recorded over 70 percent increase over the past three years, ...
Read More »WETEX to host 2,000 exhibitors from 50 countries in Dubai
Dubai / WAM The 19th edition of the Water, Energy, Technology and Environment Exhibition (WETEX )will take place on the beginning of the third week of October. The announcement was made by Saeed Mohammed Al Tayer, MD and CEO of DEWA, Founder and Chairman of the Water, Energy, Technology and Environment Exhibition (WETEX), at a press conference at the Address ...
Read More »Smart Dubai launches new service through ‘Dubai Now’ App
Dubai / WAM The Smart Dubai Government Establishment (SDG), in collaboration with the Department of Finance and ENOC Group, signed an MoU to launch a new service via its flagship Dubai Now smartphone application. The new service will be available soon and will allow customers to pay for petrol using Dubai Now app across ENOC’s retail network in the UAE, ...
Read More »58 killed, 515 injured in mass shooting at Las Vegas concert
Bloomberg At least 58 people were killed and 515 were injured at a concert by a lone gunman, firing from a hotel room overlooking the venue, who later died and whose motive was unclear. President Donald Trump said he’ll travel to Las Vegas on Wednesday to meet victims and emergency workers after a killing spree late Sunday that is likely ...
Read More »Ambani’s Reliance Communications aborts Aircel deal in debt-cut blow
Bloomberg Reliance Communications Ltd.’s plan to merge with Aircel Ltd. collapsed in a blow to the Indian mobile phone carriers’ plans to pare debt and gain scale to take on bigger rivals. “Legal uncertainties†and “interventions by vested interests†caused delays in regulatory approvals, Reliance Communications said in an exchange filing. Consequently, the merger has “lapsed with mutual consent,†it ...
Read More »Indonesia’s Go-Jek to expand abroad, on track to clash with Grab
Bloomberg Go-Jek, Indonesia’s first billion-dollar startup, is looking to expand its ride-hailing services to three to four countries in Southeast Asia, escalating its rivalry with Grab and Uber Technologies Inc. Co-founder and Chief Executive Officer Nadiem Makarim didn’t specify the countries or services that Go-Jek will target, but said in an interview they will be places with a large population ...
Read More »Trump plan aims new foreign tax at Apple and other MNCs
Bloomberg On the last page of a nine-page tax plan that calls for slashing business rates, President Donald Trump and congressional Republicans proposed a little-noticed, brand-new tax that may hit companies like Apple Inc. and Pfizer Inc. It’s contained in one sentence: “To prevent companies from shifting profits to tax havens, the framework includes rules to protect the US tax ...
Read More »Euro area factories add jobs in struggle to keep up with orders
Bloomberg Euro-area factories are scrambling to add staff as burgeoning orders stretch capacity. A Purchasing Managers Index for the region’s manufacturing industry rose to 58.1 in September from 57.4 the previous month, London-based IHS Markit said on Monday. That compares with a preliminary reading of 58.2 and is the highest level in more than six and a half years. A ...
Read More »Car sales stabilise as ‘insurance’ checks roll in
Bloomberg As Hurricane Harvey poured on Houston, Frank Rodriguez feared for his 2014 GMC Sierra. Once he saw the pickup’s soaking-wet interior and center console full of water, he knew it was a lost cause. He just hoped his insurance company would agree and cut him a check. Despite a dearth of inspectors in southern Texas to review the damage ...
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