ABU DHABI / WAM Mohamed bin Zayed University of Artificial Intelligence (MBZUAI) the world’s first graduate-level, research-based artificial intelligence (AI) university, and Virgin Hyperloop, the California-based category leader in hyperloop development, have signed a Memorandum of Understanding (MoU) to initiate a collaborative approach to research and innovation in the field of AI. In a virtual ceremony, the MoU was signed ...

Bloomberg Oil edged lower as the resurgence of the coronavirus in the US continued to dampen the prospects of a broader demand recovery. Futures in New York fell 1.3% towards $39 a barrel. With the coronavirus running rampant across southern and western America and many states pausing or reversing reopening measures, the outlook for energy demand in the world’s largest ...

ABU DHABI / WAM In 2019, the number of mosques and musallas in the UAE reached 9,083 and 163 respectively, according to statistics released by the Federal Competitiveness and Statistics Authority (FCSA). Mosques with a capacity of more than 100 worshippers accounted for 85 percent of the total number with 301 mosques each accommodating more than 1,000 worshippers. Figures also ...

Dubai / WAM DMCC — the world’s flagship Free Zone and Government of Dubai Authority on commodities trade and enterprise, announced the signing of a Memorandum of Understanding (MoU) with the Guangzhou Diamond Exchange (GZDE) establishing a strategic partnership with one of China’s leading international diamond trading platforms and communities. The agreement strengthens bilateral ties between the UAE and China, ...

Abu Dhabi / WAM The UAE government announced that mosques, prayer spaces, and other places of worship will gradually reopen nationwide from July 1 and operate at 30 percent capacity. The development comes in coordination with relevant federal and local authorities who continue to take all considerations for precautionary and preventive measures. However, prayer spaces located on motorways, industrial areas, ...

DUBAI / WAM flydubai, the Dubai-based airline, announced a partnership with its passengers as the airline prepares to return to the skies following the lifting of the flight restrictions in the UAE. Ghaith Al Ghaith, Chief Executive Officer of flydubai, said: “The effectiveness of the response to the pandemic led by the UAE Government has enabled the flight restrictions to ...

DUBAI / WAM Nasdaq Dubai has announced that it welcomed the listing on Tuesday of a $300 million sukuk issued by Dubai Islamic Bank (DIB). The issuance was a tap on a $1 billion Sukuk that listed on Nasdaq Dubai on June 16. Dubai Islamic Bank earmarked the funds raised to support its customers and the business community as economies ...

DUBAI / WAM The Telecommunications Regulatory Authority (TRA) and the International Telecommunication Union (ITU) announced the signing of an agreement to establish an International Centre of Digital Innovation, known as I-CoDI. I-CoDI will help ITU Members, Sector Members and other key stakeholders to integrate innovation into their national development agendas and activities. The centre, to be based in Geneva, Switzerland, ...

Sharjah / WAM The Sharjah Book Authority (SBA) announced that the entirety of the 14,625 square metre exhibitor space at the Sharjah Expo Centre has been sold out, with thousands of purchases by publishers from across the world for the 2020 edition of the Sharjah International Book Fair (SIBF) which is scheduled for November. For industry professionals worldwide, SIBF is ...

Bloomberg China’s state-owned oil refining giants are in discussions to form a purchasing group to buy crude together, increasing their bargaining power and avoiding bidding wars. Senior executives from China Petroleum & Chemical Corp, PetroChina Co, Cnooc Ltd and Sinochem Group Co are in advanced talks to iron out details of the plan, said people familiar with the initiative, who ...