Bloomberg Kia Corp unveiled its its new electric SUV, as the South Korean automaker and its affiliate Hyundai Motor Co. seek to catch up in the EV market. The all-new Niro, an upgraded version of the model first released in 2016, will be available as a hybrid electric in the first quarter of 2022 and as an all-electric battery-powered model ...

Bloomberg Nissan Motor Co. will invest 2 trillion yen ($17.6 billion) over the next five years to electrify more of its lineup and turn battery-powered cars into a pillar of its long-term growth. The Japanese automaker will introduce 23 new models by fiscal 2030, including 15 new electric vehicles, and aim for more than half of its sales to be ...

Bloomberg Alphabet Inc’s Google is once again pushing back date it will require employees to return to US offices on renewed concern after cases of Covid-19 omicron variant have been confirmed, executives told employees. Google had set January 10 as its return date, asking a bulk of its workforce to come in three days a week. Chris Rackow, a Google ...

Abu Dhabi / WAM Over the past 50 years, the UAE has established solid foundations for a diversified and sustainable economy and has succeeded, after the discovery of oil in the region in the 1950s, in achieving significant economic advancement. It has also exerted significant efforts to transition to a knowledge-based economy, by encouraging innovation and optimising the regulatory frameworks ...

Bloomberg Oil falls as fears that omicron variant may resist vaccines sent risk assets tumbling. Futures in New York fell as much as 4.9% as part of a broader retreat among commodities and equities as a top drugmaker reiterated warnings that the new strain could withstand existing inoculations. Brent crude also tumbled, with the price structure of the global benchmark ...

ABU DHABI / WAM His Highness Sheikh Abdullah bin Zayed Al Nahyan, Minister of Foreign Affairs and International Cooperation, received a phone call from Hossein Amir-Abdollahian, Minister of Foreign Affairs of Iran. During the conversation, they discussed bilateral relations and cooperation and ways to enhance them to advance the interests of their countries.

Abu Dhabi / WAM UAE government entities, representing nuclear regulation, emergency preparedness and public health sectors, underscored the importance of information security, emergency preparedness and mental health to protect the community and ensure that entities can maintain their mandates, especially in times of the emergencies. These views were made during a one-day workshop, organised by the Federal Authority for Nuclear ...

Abu Dhabi / WAM The UAE has risen to the top of Bloomberg’s Covid Resilience Ranking, proving once more its mettle in ensuring the safety of its residents and managing crises. In an article published on Tuesday, Bloomberg noted that the UAE outperformed Europe in terms of containing the pandemic, naming it as the best place to be with the ...

Dubai / Emirates Business “The year of the 50th, the UAE’s Golden Jubilee signifies a new era of change and growth for the country. The exemplary leadership of our nation coupled with strong minds, work ethics and determination of our people will be a game changer for the upcoming years for the country,” said Rizwan Sajan, chairman and founder Danube ...

Abu Dhabi / WAM The Ministry of Health and Prevention (MoHAP) announced that it conducted 323,406 additional Covid-19 tests over the past 24 hours, using state-of-the-art medical testing equipment. In a statement on Tuesday, 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 ...