Abu Dhabi / WAM Hub71, Abu Dhabi’s global tech ecosystem, has selected its latest cohort of tech startups from a large number of applicants worldwide that chose to setup and scale from the UAE’s capital. For the next two years, the new cohort will participate in Hub71’s Incentive Programme, benefiting from equity-free incentives worth up to AED500,000 and access ...

  Sharjah / WAM “Museums Express” initiative, launched by the Sharjah Museums Authority in early 2019, attracted more than 11,817,000 students from the emirate’s public schools, after resuming its tours that were halted due to the repercussions of the coronavirus pandemic in November 2021, and is the first initiative of its kind, at the level of the region and the ...

  SHARJAH / WAM The Sharjah Chamber of Commerce and Industry (SCCI) has announced it is all set to organise “Al Maleh and Fishing” festival in cooperation with the Dibba Al Hisn Municipality and Municipal Council. The SCCI added that all preparations are in place, and the festival is scheduled to kick off on September 8, in Dibba Al Hisn ...

  Dubai / WAM Dubai’s Roads and Transport Authority (RTA) has announced the launch of third Edition of Tamkeen (Empowerment) programme designed to attract fresh Emirati graduates from local and international universities and colleges in various academic specialisations. The programme will enable graduates who have been unemployed for the past three years to pick up the skills needed to be ...

  MOGADISHU / WAM Following the arrival of a UAE aid ship at the port of Mogadishu, Emirati charity organisations, in collaboration with the Somali Disaster Management Agency and other authorities responsible for distributing relief aid, have begun distributing aid to residents in areas affected by drought in parts of Mahas and Mataban in Hiran Governorate, Hirshabelle State. Mohammed Ahmed ...

  ABU DHABI / WAM Masdar City, the regional home of technology innovation and R&D in Abu Dhabi, has announced the opening of the Global Carbon Capture and Storage (CCS) Institute’s first Middle East headquarters. The opening was attended by the Institute’s global CEO, Jarad Daniels, who was visiting the region as part of a five-day tour, accompanied by the ...

Bloomberg The European Union (EU) met its gas storage filling goal two months ahead of target as the bloc braces for a tough winter with Russia limiting supplies and energy contracts trading at elevated levels throughout the continent. European Commission President Ursula von der Leyen celebrated the milestone on Monday, telling an audience at an energy conference in Denmark that the ...

  Two decades ago, I spent more than two years sleeping a few decks above eight nuclear reactors onboard the Enterprise, the US Navy’s oldest nuclear-powered aircraft carrier. I was the rear admiral in command of the Enterprise’s strike group, and “broke my flag” and sailed to a long combat deployment. I didn’t lose much sleep thinking about those reactors, ...

Labor markets might not be nearly as tight as they seem from employment data. That’s a headache for banks trying to judge the risks of an uptick in borrowers’ repayment problems. Traditionally, what matters most for banks lending to consumers is unemployment because it can lead to disastrous drops in income for debtors. That’s why it’s one of the first ...

  Credit Suisse Group AG’s poaching of Dixit Joshi from Deutsche Bank AG to become its new chief finance officer means the Swiss bank now has outsiders in three top executive roles. They all have plenty of experience fixing problems in their former roles. The new leadership team should have the cool ruthlessness to make unbiased decisions about what Credit ...