Abu Dhabi / WAM The Abu Dhabi National Exhibition Company (Adnec) announced that registration is now open to local and international exhibitors, members of the media and visitors to the Unmanned Systems Exhibition (Umex 2022) and the Simulation Training Exhibition (SimTEX 2022). Organised by the Abu Dhabi National Exhibitions Company in cooperation with the Ministry of Defense, the two ...
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UAE announces 294 new recoveries from Covid-19
Abu Dhabi / WAM The Ministry of Health and Prevention (MoHAP) announced that it conducted 398,972 additional Covid-19 tests over the past 24 hours, using state-of-the-art medical testing equipment. In a statement, the ministry stressed its aim to continue expanding the scope of testing nationwide to facilitate the early detection of coronavirus cases and carry out the necessary treatment. ...
Read More »RTA’s hackathon opened at Expo 2020 Dubai
Dubai / WAM Mattar Mohammed Al Tayer, Director-General and Chairman of the Board of Executive Directors, Roads and Transport Authority (RTA), has opened RTA’s Hackathon at Expo 2020 Dubai. The hackathon discussed three key topics relating to economic growth, community happiness, and envisioning the future. 25 experts and specialists from pavilions of countries participating in Expo took part in ...
Read More »MBRSC, Khalifa University ink deal
Dubai / WAM The Mohammed Bin Rashid Space Centre (MBRSC) signed a Memorandum of Understanding (MoU) with Khalifa University of Science and Technology to collaborate on the Emirates Lunar Mission in the field of technological and scientific research activities. The MoU was signed by Salem Humaid Al Marri, Director-General, MBRSC, and Dr. Arif Sultan Al Hammadi, Executive Vice President, ...
Read More »A gas pipeline won’t turn Russia, China into friends
Are pipelines built to threaten democracies, or befriend authoritarians? Judging by the responses to Russia’s two biggest gas export projects, it depends where you are. In Europe, the Nord Stream 2 pipeline, intended to double Moscow’s direct export capacity into Germany to 110 billion cubic meters a year, has become caught up in geopolitical rivalry over eastern Europe. Approval ...
Read More »Nike isn’t worried about Christmas
There will be fresh kicks under the Christmas tree after all. Three months ago, Nike Inc raised the alarm on the supply chain crisis: It warned that shoppers might not be able to find the sneakers they wanted in the run up to the holidays. It offered some reassurance that the worst may be over. As it announced its ...
Read More »Can the algorithms destroy banking jobs?
Good investment banking jobs are disappearing. Much of the business has been long replaced by machines and computer algorithms. Almost all equity trading is now done electronically. Even high-yield corporate bonds, an opaque corner of the market where orders from wealthy clients are often placed over lavish meals, are being disrupted. In the US, 37% of these transactions are ...
Read More »China-Lithuania spat is a test for ‘democracies’
China’s push for global supremacy is playing out in the Taiwan Strait and the South China Sea, but also in the quieter coercion that Beijing practices every day. The latest target of this pressure is Lithuania, which is paying an economic price for snubbing China diplomatically. The case is a reminder that the democratic world must either unite against Chinese ...
Read More »Chanel aims for Hermes status with its handbag price hikes
Bloomberg Chanel has raised global prices on some of its classic handbags by almost two-thirds since the end of 2019. A spokeswoman said the hikes are in response to unspecified exchange-rate fluctuations, changes in production costs and to ensure its handbags cost roughly the same around the world. But luxury-sector executives and analysts say the magnitude of the increases ...
Read More »Wizz buys Norwegian Air slots at Gatwick to boost UK business
Bloomberg Discount carrier Wizz Air Holdings will increase its presence in the UK after agreeing to buy takeoff and landing slots from Norwegian Air Shuttle ASA at London’s Gatwick hub. Budapest-based Wizz will acquire 15 daily slot pairs at Gatwick, where operations are restricted by a single runway, allowing it to base four more jets there next summer for ...
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