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Ajman Crown Prince reviews design for new AED2bn port

  Ajman / WAM HH Sheikh Ammar bin Humaid Al Nuaimi, Crown Prince of Ajman, reviewed the designs and feasibility studies for the new AED2 billion Ajman port, located north of the current port in Zawara district, during a visit of the Ajman Port and Customs Department (APCD). The plan features a new deeper port with state-of-the-art infrastructure and more capacity ...

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SMC, Sharjah varsities team up to unlock creativity in students

  Sharjah / Emirates Business In an effort to enhance media content in the UAE, Sharjah Media Corporation (SMC) conducted a number of introductory meetings with universities in Sharjah to introduce students to its recently launched Abdee’ Award. The initiative saw a delegation from SMC meet representatives from Sharjah universities to shed more light on the Abdee’ Award, a scheme ...

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Trump weighs new immigration order as next legal moves unclear

  Bloomberg The White House sent conflicting signals about how it would address an appeals court ruling that halted President Donald Trump’s ban on U.S. entry by citizens from seven predominantly Muslim nations, and Trump said he may issue an entirely new immigration order to revise the ban. A White House aide first said late Friday that the administration would ...

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Japan makes big push for hydrogen fuelled cells

  Bloomberg Elon Musk may think hydrogen-powered vehicles are rubbish, but Toyota Motor Corp. and a cadre of Japan’s leading manufacturers are betting otherwise — and not just on cars. With the blessing of Prime Minister Shinzo Abe, Toyota is at the forefront of Japan’s efforts to use hydrogen and fuel cells to power cars, heat homes and keep factories ...

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China demand triggers iron ore boom

  Bloomberg Iron ore keeps getting told the end may be nigh: so far in 2017, the response has been that the end’s just another high. The raw material’s rally has been powerful enough to drive futures in China back to $100 a metric ton as spot prices trade at levels last seen in 2014. On the Dalian Commodity Exchange, ...

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Canada’s AAA rating on thin ice as US policies risk trade

  Bloomberg A Triple-Eh credit rating? For Canada, maintaining the trust of borrowers is a source of national pride, like winning the gold medal in Olympic ice hockey: hard-earned international validation of the nation’s skill, discipline and strong stewardship. But Fitch Ratings is warning that the country’s prized standing in the eyes of creditors may suffer because of protectionist measures ...

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US moves to grab Russia’s crown as top wheat supplier

    Bloomberg Just a year after Russia won the title of the world’s largest wheat supplier, it’s already in danger of losing it. The US Department of Agriculture has cut its forecast for Russian wheat exports this season for a second time, to 28.5 million metric tons. That’s closing the gap to the 27.5 million tons of shipments now ...

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Uber suffers for Trump ties, Tesla’s Musk goes unsullied

  Bloomberg While Uber got shellacked for its link to President Donald Trump, the electric carmaker and sometimes-rival Tesla Inc. has comfortably weathered its association with a president who has lower approval ratings than any predecessor in his first days in office. Uber Technologies Inc. lost customers and drivers and became the subject of a campaign on Twitter that encouraged ...

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Ford to spend $1 billion on AI from ex-Google, Uber leaders

  Bloomberg Ford Motor Co. is investing $1 billion in a months-old startup founded by two pioneers in the nascent autonomous vehicle sector. The Pittsburgh-based artificial intelligence company Argo AI will develop the brains — specifically, a virtual driver system — for the fully autonomous vehicles Ford has promised to bring to market in 2021. Founders Bryan Salesky and Peter ...

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EDA’s role in boosting UAE’s status in diplomacy, int’l relations hailed

  Abu Dhabi / Emirates Business HH Sheikh Abdullah bin Zayed Al Nahyan, Minister of Foreign Affairs and International Cooperation and Chairman of the Board of Trustees of the Emirates Diplomatic Academy (EDA) lauded the academy for its significant role in enhancing the UAE’s achievements in supporting diplomacy and international relations. He also stressed the importance of developing co-operation with ...

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