ABU DHABI / WAM President His Highness Sheikh Khalifa bin Zayed Al Nahyan has extended an invitation to President Kassym-Jomart Tokayev of Kazakhstan to visit the UAE. Delivering the invitation and congratulatory message was Dr Mohammed Ahmed bin Sultan Al Jaber, UAE Ambassador to Kazakhstan, during a meeting with the Kazakh Foreign Minister Beibut Atamkulov. The UAE Ambassador conveyed the ...

ABU DHABI / WAM Abu Dhabi Global Market (ADGM) announced the admission of four new FinTech start-ups in its fourth Regulatory Laboratory (RegLab) cohort. These four local and international firms, DAPI (UAE), PointCheckout (UAE), Jibrel Network (Switzerland) and Ekofolio (Luxembourg), were selected from a pool of 14 applications with market-ready solutions focusing on areas including sustainable finance and the API ...

Dubai / WAM The Commercial Compliance and Consumer Protection sector (CCCP) at the Dubai Economy has witnessed a 63 percent year-on-year increase in trademark files registered on its “IP Gateway” portal during the first six months of 2019. According to a CCCP statement, the results indicate a high level of confidence in the emirate’s ability to protect Intellectual Property (IP) ...

RAS AL KHAIMAH / WAM Ras Al Khaimah has had its ‘A’ rating with a stable outlook affirmed by global agency Fitch Ratings. Fitch has maintained Ras Al Khaimah’s ‘A’ rating for more than 10 years and the agency highlighted the Emirate’s low and declining Government debt burden and high GDP per capita as key ratings drivers. Fitch expects “the ...

Dubai / WAM The Dubai Electricity and Water Authority (Dewa) held a strategic summit with Huawei to increase cooperation on investm- ents and to exchange the best global solutions, experiences, and practices in innovation, disruptive technologies, smart grids, digital transformation, automation, cloud platforms, and artificial intelligence (AI). The summit was attended by Saeed Mohammed Al Tayer, Managing Director and CEO ...

DUBAI / WAM Emirates Central Cooling Systems Corporation (Empower) announced it awarded contracts valued at AED33 million to expand its district cooling pipe network at Dubai Studio City. The network expansion is part of the company’s infrastructure development plan using state-of-the-art technology to meet the increasing demand for cooling services in Dubai’s growing commercial and residential sector, and to provide ...

DUBAI / WAM Etihad Credit Insurance (ECI) signed a memorandum of understanding with Mohammed Bin Rashid School of Government (MBRSG) to jointly build a framework of excellence for ECI that will help to upskill its employees and elevate their competency levels. This partnership will lay the foundation to develop and nurture ECI’s workforce that will ensure the sustained development and ...

Bloomberg Japan’s key consumer prices continued to rise at the same pace in July, amid increasing speculation that the Bank of Japan (BOJ) may ramp up its stimulus as early as next month. Prices excluding fresh food rose 0.6% in July from a year earlier, matching economists’ median estimate, according to data from the internal affairs ministry. The downward impact of ...

Bloomberg Asia’s cocoa industry is scouring for ways to boost local bean supplies as the region’s chocoholics munch through more candy than ever. The solution is to increase production in Indonesia, the top supplier and processor in the region, according to the Cocoa Association of Asia. But that’s going to be a tough assignment because it means reversing a relentless ...

Bloomberg Singapore is offering a rare opportunity to buy positive-yielding quality bonds in a world that’s rapidly turning negative. The city state, which pays the highest returns among economies that have AAA credit ratings from all three major agencies, will sell reopened July 2029 government debt worth S$2.9 billion ($2.1 billion) on Wednesday, the second-largest amount on record for 10-year ...