Bloomberg Countries should cooperate in developing the internet, big data and artificial intelligence, China President Xi Jinping said in a letter to the China International Big Data Industry Expo that started on Sunday in the southwestern city of Guiyang, Xinhua reports. China attaches great importance to the development of the big data industry and is willing to explore a growth ...

MANAMA / WAM Investcorp on Sunday announced it has entered into a definitive agreement to acquire Mercury Capital Advisors (Mercury), one of the leading institutional capital raising and investment advisory enterprises. As part of the transaction, Mercury will remain an independent business operating under its current leadership team. This investment is the latest milestone in Investcorp’s ambitious growth strategy to ...

Abu Dhabi / WAM The UAE has pledged $10 million to support ending of sexual and gender-based violence. This came when a UAE delegation led by Zaki Nusseibeh, Minister of State, co-hosted the “International Conference on Ending Sexual and Gender-based Violence in Humanitarian Crises” which was held in Oslo, Norway. In his opening address, Zaki Nusseibeh emphasised “that the empowerment ...

ABU DHABI / WAM With its user-friendly interface and a variety of other services, the Abu Dhabi Airports Free Zone (ADAFZ), launched a One Stop Shop (OSS), online portal, to ease the process of setting up businesses within the ADAFZ. Once registered, the portal allows users to view their company’s licence, lease, and employee and financial details. The portal also ...

Abu Dhabi / WAM Eid Al Fitr holidays for the private sector will begin on Monday, June 3 (29 Ramadan) until 3rd of Shawwal, with work to resume on 4th of Shawwal, the Ministry of Human Resources and Emiratisation announced. This came in a circular issued by Nasser bin Thani Al Hamli, Minister of Human Resources and Emiratisation, in implementation ...

Dubai / WAM The Kuwait Business Council in Dubai (KuwaitBC), launched the Murshid Business Packages, which allow individuals and companies from different nationalities to benefit from the services, facilities, and activities offered by the council all year round. Coinciding with the third-year anniversary of KuwaitBC’s founding, the new packages are introduced to promote the council’s efforts in expanding the Kuwaiti ...

DUBAI / WAM Husin Bagis, Indonesian Ambassador to the UAE, accompanied by Ridwan Hassan, Consul-General of the Republic of Indonesia in Dubai, on Sunday rang the Nasdaq Dubai market-opening bell to celebrate the listing of two green Sukuk issued by the government of Indonesia, with a total value of $2 billion. Indonesia intends to use the capital raised by the ...

Dubai / Emirates Business Emirates Central Cooling Systems Corporation (Empower), the world’s largest district cooling services provider, stated that the use of Artificial Intelligence (AI) technology in district cooling systems helps to improve the efficiency of the sector and provide an easier experience for the countries and companies looking for adopting district cooling systems. Empower is committed to offer innovative ...

Dubai / WAM The UAE has jumped from the 104th spot to first place globally in the internet and telephony level of competition, the Telecommunications Regulatory Authority (TRA), announced. This was revealed in the Knowledge Index Report, which was recently published by the United Nations Development Programme and the Mohammed Bin Rashid Al Maktoum Knowledge Foundation. The UAE also progressed ...

Abu Dhabi / Emirates Business In accordance with its commitment to social responsibility, and on the occasion of the Year of Tolerance, 2019, Abu Dhabi Securities Exchange (ADX), the leading financial market in the region, partnered with the Khalifa Bin Zayed Al Nahyan Foundation to sponsor their ‘Ramadan Iftar Project’. The ‘Ramadan Iftar Project’ provides packaged meals to those in ...