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UAE will have an important role as COP28 host: Vasara

Uae will have an important role as cop28 hos vasara

HELSINKI / WAM The UAE’s circular economy infrastructure is the most developed in the Gulf region, which opens many interesting opportunities for bilateral cooperation with Finland, a senior Finnish diplomat told the Emirates News Agency (WAM). “Both Finland and the UAE have a shared vision in developing a more sustainable future. We see great potential to increase our collaboration in ...

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Dubai Airshow 2023 confirms Edge as Defence tech partner

DUBAI / WAM Dubai Airshow, the world’s leading aerospace event, has confirmed Edge Group will return as its Defence Technology Partner for the 2023 edition. As one of the world’s leading advanced technology and defence groups, Edge will have a major presence at the 18th edition of the Airshow, showcasing a large product portfolio of aviation, defence and technology solutions ...

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Barclays seeks buyers for $5.3 billion of Italy loans

Top dc barclays

BLOOMBERG  Barclays Plc is seeking to sell about €5 billion ($5.3 billion) of Italian mortgage loans as part of plans to exit retail banking in the country. The UK bank has started the sales process for a portfolio of mostly performing loans to individuals, people with knowledge of the matter said. The package also includes non performing mortgages and high ...

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Swedes warm up to euro as krona approaches new lows

Lead krona

BLOOMBERG  The Swedish population has become less hostile to the idea of adopting the euro as the krona is trading near its weakest levels ever. A poll published by Statistics Sweden showed 30.6% would vote in favour of adopting the euro. While 50.5% remains opposed to abandoning the krona, support for the common currency is now at its highest level ...

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AM radio fights back after getting boot from Tesla, other EVs

Inside tesla showrooms as china to widen foreign access to electric vehicle market

BLOOMBERG  Automakers moving into an electric future are locked in a battle with broadcasters concerned about the potential loss of an aged and fading technology: AM radio. Major carmakers, including Tesla Inc and BMW AG, are omitting AM tuners from electric vehicles, citing electromagnetic interference with the frequencies used by the century-old broadcasting service. AM radio is particularly susceptible to ...

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Apple’s $3,499 Vision Pro Headset to test marketing might

Apple hosts worldwide developers conference

BLOOMBERG  Apple Inc will charge an eye-popping $3,499 for its long-awaited mixed-reality headset, testing whether consumers are ready to spend big bucks on a technology that the company sees as the future of computing. The iPhonemaker unveiled the new Vision Pro headset at its annual Worldwide Developers Conference, the culmination of more than seven years of development. Introduced with Steve ...

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Mohammed bin Rashid highlights importance of partnerships with private sector

DUBAI / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, said enhancing strategic partnerships with the private sector represents a vital part of the emirate’s economic strategy. His Highness was speaking at his weekly Majlis at the Za’abeel Palace where he received a group of local dignitaries, ...

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EAD policy cuts single-use plastic bags by 95% in first year

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ABU DHABI / WAM The Environment Agency — Abu Dhabi (EAD) has announced that the implementation of the ban on single-use plastic bags since June 1, 2022, has successfully prevented over 172 million bags from entering the environment. In 2020, EAD introduced the comprehensive Single-Use Plastic Policy with the aim of reducing the reliance on single-use plastic items and promoting ...

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