Abu Dhabi / WAM Abu Dhabi’s Hub71, the tech ecosystem powered by Mubadala, has been selected by the top US data residency hosting platform, InCountry, to be the home of its Middle East headquarters. This new development marks a strategic move to capitalise on the UAE’s growing cloud market, which Gartner predicts is set to increase by 21 percent year ...

Bloomberg The Kremlin put on a brave face as prices for Russia’s benchmark crude closed in on levels last seen in a devastating 1998 financial crisis. “The pandemonium with futures is absolutely speculative, just a trading issue,” Kremlin spokesman Dmitry Peskov told reporters on Tuesday, referring to negative prices on some US futures contracts. “There’s no need to give this ...

ABU DHABI / WAM The trade in food and beverage (F&B) in Abu Dhabi in January amounted to a total value of AED1.2 billion, according to a report by the Statistics Centre-Abu Dhabi on non-oil merchandise trade. This overall value accounted for 7.9 percent of trade in non-oil goods in 2019 totalling AED15.2 billion, as per the centre’s figures. The ...