BLOOMBERG Apple Inc partner Foxconn Technology Group plans to invest about $700 million on a new plant in India to ramp up local production, underscoring an accelerating shift of manufacturing away from Beijing as US-China tensions grow. The Taiwanese company, also known for its flagship unit Hon Hai Precision Industry Co., plans to build the plant to make iPhone parts ...

BLOOMBERG Google’s YouTube will incorporate new generative artificial intelligence (AI) features into its video-sharing platform, as the internet giant hastens to keep up with artificial intelligence rivals such as OpenAI Inc. and Microsoft Corp. — both of which have rolled out their own consumer-friendly products such as AI chatbots and image-creating services. “The power of AI is just beginning to ...

DUBAI / GULF TIME The Emirati company, Carter & White, participated in the “Dubai International Boat Show 2023,” at Dubai Harbour, which concluded on March 5. Marwan bin Yousef Al Serkal, founder and CEO of Carter & White, expressed his pride in participating in the exhibition, pointing out that Dubai has strengthened its position as a regional and global destination ...

ABU DHABI / WAM e& enterprise, part of e& (formerly known as Etisalat Group) on Friday announced the implementation of a unique Microsoft solution powered by cutting-edge data technologies that enables companies of any size to define and implement their sustainability agenda and reduce their carbon emissions. The solution called ‘Microsoft Sustainability Manager’ is an extensible solution that unifies data ...

ABU DHABI / WAM Alpha Dhabi Holding PJSC (Alpha Dhabi or the Group), listed on the Abu Dhabi Securities Exchange, has reported its financial results for the full year period ending on December 31, 2022, and the numbers are impressive. In 2022, Alpha Dhabi achieved a net profit of AED 10.6 billion, a staggering increase of 104% year-on-year from AED ...

ABU DHABI / WAM During a virtual summit, President His Highness Sheikh Mohamed bin Zayed Al Nahyan and Recep Tayyip Erdogan, President of the Republic of Türkiye, witnessed the signing of a Comprehensive Economic Partnership Agreement (Cepa) between the UAE and the Republic of Türkiye. Abdulla bin Touq Al Marri, UAE Minister of the Economy, and Mehmet Muş, the Turkish ...

ABU DHABI / WAM The Department of Municipalities and Transport (DMT) has revealed that the UAE capital’s real estate market recorded 19,033 transactions, reaching a total value of AED77.6 billion in 2022. As per the Department’s reports, the emirate’s real estate sector recorded 9,010 sales transactions worth AED23.5 billion and 10,023 mortgage transactions worth AED54.1 billion Yas Island topped the ...

BLOOMBERG It’s been more than three decades since the Philippines ordered US troops to withdraw from their sprawling military bases in the country, ending an era that hearkened back to America’s colonial days. Now the man overseeing the Subic Bay Metropolitan Authority — once home to the US’s biggest naval base in Asia — wants them back. A recently revived ...

BLOOMBERG US Secretary of State Antony Blinken and his Quad nation counterparts seemed to use a public appearance to reassure China the grouping was not a security union seeking to force countries in Asia to choose between them and Beijing. “This is not a military grouping, it’s not that kind of alliance,” Blinken said on Friday at a panel discussion ...

BLOOMBERG Turkey’s opposition is in crisis over a failure to agree on a joint candidate to contest President Recep Tayyip Erdogan, hampering a rare chance to unseat the country’s longest-serving leader at elections in less than three months. The infighting burst into the open on Friday when the opposition bloc’s second largest party Iyi slammed the rest of the group ...