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New AED1m research project to advance UAE’s leadership in AI

Abu Dhabi / WAM In support of the UAE taking the lead in Artificial Intelligence (AI) Sandooq Al Watan announced on Saturday that they have signed a sponsored research agreement in collaboration with United Arab Emirates University (UAEU) and Khalifa University (KU) to advance cognitive computing using novel architecture and high-grade materials. The project was awarded under the SWARD programme, ...

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Covid-19: UAE reports 1,826 new recoveries

ABU DHABI / WAM The Ministry of Health and Prevention (MoHaP) announced that it conducted 124,404 additional Covid-19 tests over the past 24 hours, using state-of-the-art medical testing equipment. As part of its intensified testing campaign, MoHaP announced 1,491 new coronavirus cases, bringing the total number of recorded cases in the UAE to 123,764. MoHaP also noted an additional 1,826 ...

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DSOA signs deal with IFZA

DUBAI / WAM Dubai Silicon Oasis Authority (DSOA) the regulatory body for the Dubai Silicon Oasis (DSO) the integrated free zone technology park, signed an agreement with the International Free Zone Authority (IFZA). Under this agreement, new and existing IFZA companies can work from the DSO, boosting the flexibility of doing business in the UAE. This agreement provides entrepreneurs and ...

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UAE to mark UN’s 75th anniversary

Abu Dhabi / WAM The Ministry of Tolerance and Coexistence highlighted the importance of participating in the celebration organised by the World Government Summit Foundation on Monday to mark the 75th anniversary of the United Nations (UN) which the UAE is keen to celebrate annually out of faith in the values and principles on which this great organisation was founded ...

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Etisalat ranked as fastest mobile network in world

ABU DHABI / WAM Ookla, the global leader in fixed broadband and mobile network testing applications, data and analysis, on Saturday recognised Etisalat for being the fastest mobile network operator worldwide in 2020 providing its subscribers the most superior experience with the fastest mobile speeds from anywhere in the world. This major achievement is a testimony of UAE’s leadership’s vision ...

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Largest Russian bank set to open office in Abu Dhabi

Abu Dhabi / WAM The largest commercial bank in Russia, Central and Eastern Europe is on course to opening an office in Abu Dhabi by the end of this year, according to a top executive. Sberbank is looking to promote investment activity in both conventional and Islamic finance through cooperation with funds, financial institutions and other bodies in the Middle ...

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31 Italian firms to take part in virtual Wetex 2020

Dubai / WAM Thirty-one Italian companies will take part in the virtual edition of Water, Energy, Technology, and Environment Exhibition (Wetex 2020) on October 26 – 28. This participation is almost 50 percent more than in the 2019 edition, according to the Italian Trade Agency (ITA). The Italian companies will be showcasing the latest advancements of Italy in sustainable and ...

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TC Energy offers to buy US pipe business

Bloomberg TC Energy Corp offered to buy all the shares of TC PipeLines LP it doesn’t already own for about $1.48 billion, the latest move to eliminate a master limited partnership structure, a corporate structure once popular in the US pipeline industry. Investors would receive 0.65 common shares of Calgary-based TC Energy for each unit of TC PipeLines, the companies ...

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Trump shows discipline, but lacks a game-changer

Both presidential candidates were on better behaviour for the second debate than for the first, which meant each could speak in full sentences without being interrupted by the other’s insults. As different as the debates were, though, the upshot was the same. Most of the evidence we have suggests that President Donald Trump came into each debate significantly behind Joe ...

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