Last March, McDonald’s Corp acquired the startup Dynamic Yield for $300 million, in the hope of employing machine learning to personalise customer experience. In the age of artificial intelligence, this was a no-brainer for McDonald’s, since Dynamic Yield is widely recognised for its AI-powered technology and recently even landed a spot in a prestigious list of top AI startups. Trouble ...

ABU DHABI / WAM The Ministry of Economy (MoE) has announced a new amended fee and fine structure for a package of 110 services in the implementation of Cabinet Resolution No. (51) of 2019 on reduction of government services fees it provides to customers and businesses. According to the new fee structure, fees of 102 services will be cancelled while ...

Bloomberg Oil capped its best week since mid-June as Tropical Storm Barry gained strength, approaching refineries in Louisiana and leaving deserted offshore platforms on its path. Futures in New York gained 4.7 percent for the week after prices held above $60 a barrel for a third day. Forecast to make landfall as a hurricane early Saturday, Barry has already curbed ...

Bloomberg Japan and South Korea bickered over the details of rival briefings about export-control talks on Saturday as the US backed away from a potential role as a mediator in a fight over history and trade between its two Asian allies. Officials at Japan’s Ministry of Economy, Trade and Industry held a press conference at which they denied an assertion ...

DUBAI / WAM DMCC — the world’s flagship Free Zone and Government of Dubai Authority on commodities trade and enterprise — has signed two new strategic partnership agreements with Chinese authorities during visits to the cities of Hangzhou and Qingdao as part of its sixth Made for Trade Live roadshow of 2019. DMCC signed a memoranda of understanding (MoU) with ...

ABU DHABI / WAM The Abu Dhabi Department of Energy (DoE), in cooperation with Abu Dhabi Digital Authority (ADDA), has announced the launch of instant licensing services through the Abu Dhabi Government Services System (Tamm). The mutual venture aims to facilitate fast and effective innovative technologies to better serve small-size energy businesses in Abu Dhabi. The eligible businesses in Abu ...

DUBAI / WAM The Roads and Transport Authority (RTA), has announ-ced 45% completion of construction works on the bridges and roads leading to Dubai Hills Mall at the junction of Umm Suqeim Street and Al Khail Road. The project encompasses the construction of 12 bridges spanning 3,700 metres with a width varying from 11 to 22 metres in addition to ...

MADRID / WAM Dr Abdullah bin Mohammed Belhaif Al Nuaimi, Minister of Infrastructure Development, met with Spanish Minister of development, Jose Luis Abalos Meco, and State Secretary for Trade, Xiana Mendez. The meeting, attended by Majed Hassan Al Suwaidi, UAE Ambassador to Madrid, discussed bilateral relations and ways to enhance cooperation and investment opportunities, particularly in the infrastructure sector. Dr ...

ABU DHABI / WAM A UAE delegation attended the fourth annual meeting of the Board of Governors of the Asian Infrastructure Investment Bank (AIIB). Abu Dhabi Fund for Development (ADFD), the leading national entity for international development aid, was mandated to represent the UAE at the bank’s meetings and events and on its board. Following last year’s event in Mumbai, ...

DUBAI / Emirates Business Dubai Land Department (DLD) announced the launch of a new real estate initiative known as ‘Real Estate Lawyer’ in partnership with Al Tamimi & Company. The agreement outlining the details of the initiative was drafted to facilitate growth in the real estate market by providing greater support for real estate investors and encouraging further foreign investor ...