BLOOMBERG China’s burgeoning robotics industry has ascended towards mid- and high-end markets, with the nation emerging as a frontrunner in specific robot technologies and their applications, as reported by the Chinese newspaper People’s Daily Online. Beijing hosted the World Robot Conference 2023 (WRC 2023), presenting a panorama of the latest in robotics. The event featured nearly 600 exhibits from 160 ...

BEIJING / WAM China has reported robust progress in its industrial development this year, marked by significant milestones in several sectors, according to the Chinese newspaper Peoples Daily Online. The nation’s first domestically-produced large cruise ship has wrapped up its maiden test voyage, with plans for its official naming and delivery by year’s end. Further consolidating its aerospace credentials, two ...

BLOOMBERG UBS Group AG will double the coverage of single stocks that Credit Suisse wealth clients can access as it moves to integrate the two firms’ research offerings. The transition will enable Credit Suisse wealth clients to receive research from UBS’s team, expanding coverage to over 3,000 stocks, according to a memo sent to customers. That also means those clients ...

BLOOMBERG European stocks fell amid weak German data and elevated oil prices that reignited concerns over inflation. The Stoxx 600 index retreated 0.6%, sliding for a sixth day after German factory orders plummeted in July, a sign that the woes of Europe’s biggest economy continued into the third quarter. The euro jumped as much as 0.2% against the dollar after ...

ABU DHABI / WAM President His Highness Sheikh Mohamed bin Zayed Al Nahyan has sent a cable of congratulations to Tharman Shanmugaratnam on his election as the President of Singapore. His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, and His Highness Sheikh Mansour bin Zayed Al Nahyan, Vice President, Deputy Prime Minister and ...

DUBAI / WAM The Emirates Oncology Society (EOS) and Gilead Sciences, a research-based biopharmaceutical company, signed a memorandum of understanding (MoU) to improve cancer care and advance oncology research in the UAE. The MoU will facilitate the exchange of scientific and educational information between EOS and Gilead Sciences, and will empower healthcare professionals with the latest knowledge to advance patient ...

NAIROBI / WAM Dr Sultan bin Ahmed Al Jaber, Minister of Industry and Advanced Technology and COP28 President-Designate, addressed the inaugural Africa Climate Summit, held in Nairobi, Kenya, where he emphasised the need for mitigation and adaptation finance as critical success factors for climate progress in Africa and globally. Noting that the world is “losing the race to secure the ...

ABU DHABI / WAM G42 and Microsoft have embarked on the next phase of their ongoing strategic collaboration and announced a multifaceted plan to make available sovereign cloud offerings, co-innovate and deliver advanced AI capabilities, and expand the existing data centre infrastructure in the UAE. Microsoft’s sovereign cloud offering will allow UAE public sector and regulated industries to use new ...

ABU DHABI / WAM UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan on Tuesday met with His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai; and His Highness Sheikh Saud bin Saqr Al Qasimi, member of the Supreme Council and Ruler of Ras Al Khaimah. During the meeting, ...

DUBAI / WAM Expo City Dubai is pioneering advancements in new technologies and elevating its position as an Artificial Intelligence (AI) innovation hub with the launch of the region’s first Artificial Intelligence Film Festival (AIFF), which will explore the potential of AI technology to enhance creative storytelling and advance the filmmaking landscape. The hybrid AIFF, hosted by Expo City Dubai ...