Abu Dhabi / WAM Hub71, Abu Dhabi’s global tech ecosystem, has signed a new partnership with Sber, Russia’s largest commercial bank, providing services to more than 100 million customers and approximately 1 million enterprises and one of the largest digital ecosystem uniting over 60 companies in various industries. Technology companies, startups, ventures and investors in the UAE and Russia will ...

MORONI / WAM Saeed Mohammed Murshid Al Maqbali, UAE ambassador to the Comoros, has inaugurated the country’s embassy in the capital, Moroni, coinciding with the UAE’s Golden Jubilee. The inauguration ceremony was attended by Moustadroine Abdou, President of the Assembly of the Union of the Comoros; Anbar Darwish, First Lady of the Comoros; several ministers and senior officials, as well ...

DUBAI / WAM Enoc Group, the Official Integrated Energy Partner of Expo 2020 Dubai, announced its partnership with Nakheel to open 14 compact stations across Dubai. The first compact station out of the 14 stations opened at Dragon Mart 2 earlier this month. The compact stations will offer customers accessible and convenient refuelling services. Dragon Mart’s compact station is designed ...

DUBAI / WAM The Dubai Electricity and Water Authority (Dewa) launched the EV Green Charger User Dashboard to help customers better manage their EV Green Charger services. The dashboard enables customers to easily track their charging and consumption data through Dewa’s website or smart app. The dashboard provides customers with a complete record of bill payments, consumption information, charging transactions, ...

DUBAI / WAM Expo 2020 Dubai has seen a staggering 5,663,960 visits up to December 5, since it first opened on October 1, with recent figures buoyed by the UAE’s Golden Jubilee festivities and a raft of spectacular sport, music and cultural performances. During October and November, a total of 5,383 government leaders, including presidents, heads of state, prime ministers ...

Artificial intelligence isn’t always so smart. It has amplified outrage on social media and struggled to flag hate speech. It has designated engineers as male and nurses as female when translating language. It has failed to recognise people with darker skin tones when matching faces. Systems powered by machine learning are amassing greater influence on human life, and while they ...

For years, Facebook and other large technology companies grew into vast digital conglomerates by making so-called killer acquisitions, small deals for companies that could one day pose a competitive threat. Internal emails between executives at Facebook show CEO  Mark Zuckerberg and his executive team were quaking at their keyboards in 2012 as they watched WhatsApp grow to dominate the market ...

A prominent hedge fund manager has a provocative idea to fix the UK stock market’s addiction to dividends — abolish income funds. Paul Marshall, co-founder of Marshall Wace, blames them for starving the biggest London-listed companies of the investment needed to fuel growth. It’s a novel solution to a longstanding problem. Shares in the FTSE 250 index of mid-sized companies ...

Faced with higher-than-expected inflation, Federal Reserve officials have spent the past couple of weeks outlining their plans to do something about it. That may not sound like much, but it’s already working: As it turns out, simply talking about reducing inflation can itself reduce inflation. Specifically, Fed officials have indicated that they are likely to accelerate the winding down of ...

Bloomberg Even by the volatile standards of Chinese stocks, the swings in Didi Global were extraordinary. In the span of just a few hours, shares of the ride-hailing giant flipped from a 16% gain to a 12% loss, bounced back into positive territory, then turned lower yet again. And that was all before the opening bell in New York. By ...