Bloomberg Huawei Technologies Co founder Ren Zhengfei expects US sanctions to curtail its revenue by about $30 billion over the coming two years, wiping out the networking giant’s growth by withholding critical American technology. Sales at China’s largest technology company will likely remain stagnant at about $100 billion in 2019 and 2020, the billionaire said during a panel discussion, quantifying ...

Sharjah / WAM The Sharjah Research Technology and Innovation Park (SRTI Park) launched the Sharjah Innovation Economy Report at a special ceremony on Monday. The event, held under the patronage of HH Dr. Sheikh Sultan bin Muhammad Al Qasimi, Supreme Council Member and Ruler of Sharjah, took place at Al Jawaher Reception and Convention Centre. Based on a series of ...

Abu Dhabi / Emirates Business The importance of the regional pharmaceutical market will be discussed at the global pharmaceutical event CPhI Middle East and Africa, when it returns to Adnec in September, as the UAE’s pharmaceutical market is expected to increase in value to $4.5 billion by 2021. The event will tackle growing trend to import majority of pharma products ...

Abu Dhabi / WAM The Abu Dhabi Department of Energy (DoE) has signed a strategic partnership with the International Energy Agency (IEA) in order to promote knowledge exchange and resource development with a focus on training, capacity building and participation in international events and conferences. A memorandum of understanding (MoU) signed by the two parties focusses on one of the ...

DUBAI / WAM A high-level joint business and professional mission from China and Hong Kong have congregated in Dubai for a two-day business programme that focused on cooperation and investment opportunities in the UAE. The mission, co-organised by the Commerce and Economic Development Bureau of the Hong Kong Special Administrative Region (HKSAR), and the Ministry of Commerce of the People’s ...

DUBAI / WAM Sultan bin Sulayem, DP World Group Chairman and CEO and Chairman of Ports, Customs and Free Zone Corporation (PCFC), expressed his happiness that the “Productivity Engine” was approved by the Dubai Executive Council to be used at the government departments level. The engine, developed in-house by Dubai Customs, uses Artificial Intelligence, AI, to boost productivity, reduce costs ...

ABU DHABI / WAM The Ministry of Interior (MoI), announced that it is increasing the fine concerning drivers that do not give way to emergency vehicles, such as ambulances, police cars and official parade vehicles, as mentioned in Federal Traffic Law, to AED3,000. Offending vehicles can also be seized for 30 days and drivers will be penalised six traffic points, ...

DUBAI / WAM Thuraya Telecommunications Company, the mobile satellite services subsidiary of the Al Yah Satellite Communications Company (Yahsat), on Monday announced the unveiling of its newest smart solutions for the fast-growing APAC market at CommunicAsia 2019 in Singapore. By combining the power of L-band with the dexterity of GSM and the global reach of Ku-band, Thuraya provides users unrivalled ...

DUBAI / WAM DMCC, the free zone for commodities trade and enterprise, has launched an exclusive offer on company set up for residents in the Jumeirah Lakes Towers, JLT, community. From June 2019, JLT residents qualify for a 40 percent reduced rate when registering a new company. “Flexibility is key when starting a business and by launching this exclusive offer, ...

ABU DHABI / WAM SALT – a global thought leadership forum fostering collaboration at the intersection of finance, technology, and geopolitics – has announced that it will bring the global thought leadership forum to Abu Dhabi later this year in strategic partnership with Abu Dhabi Global Market (ADGM). SALT Abu Dhabi, set to take place from November 19-21, will gather ...