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MBRSC, NatGeo to document UAE’s journey into space

ABU DHABI / WAM National Geographic on Wednesday announced a four-year partnership with the Mohammed bin Rashid Space Centre (MBRSC), to document the UAE’s journey into space. In a four-part documentary series, National Geographic (NatGeo) will present to the world the UAE’s rise into space, its achievements and ambitions. The series is set to capture the essence of why and ...

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UAE top growth market in GCC for LatAm, Caribbean traders

PANAMA CITY / WAM Trade flows between GCC countries and Latin America and the Caribbean (LAC), reached $16.3 billion in 2018, while the UAE remained a top trading partner in the Gulf region for LAC countries, according to a new report conducted by the Inter-American Development Bank (IDB), in cooperation with the Dubai Chamber of Commerce and Industry. The report, entitled ...

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Dewa builds first virtual power plant in region

DUBAI / WAM Dubai Electricity and Water Authority (Dewa), is partnering with Canadian company Enbala to build the region’s first Virtual Power Plant (VPP). A VPP is a smart network of distributed, small and medium scale generation units such as solar photovoltaic, battery storage and flexible loads. The aim is to increase the visibility of distributed energy resources (DER), and maximise their value ...

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Dubai to boost bilateral ties with LAC markets

PANAMA CITY / WAM At the third Global Business Forum (GBF), on Latin America, which began in Panama City, Government officials and business leaders from the UAE and the Latin America and the Caribbean (LAC), region, vowed to improve bilateral ties and expand economic cooperation. Organised by the Dubai Chamber of Commerce and Industry in partnership with Inter-American Development Bank (IDB), and ...

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Abu Dhabi all set to host OIC festival from April 24

Abu Dhabi / WAM The UAE capital will host the second edition of the Festival of the Organisation of Islamic Cooperation (OIC), at the Abu Dhabi National Exhibition Centre (Adnec) from April 24-27. The festival, which is held under the theme, ‘One Nation Unified by Benevolent Cooperation, Justice and Tolerance’, aims to emphasise the message and teachings of Islam in bringing ...

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Mexican president urges fuel stations to charge less

Bloomberg First Mexico’s president told oil drillers to produce more. Now he wants fuel stations to charge less. Mexican President Andres Manuel Lopez Obrador is calling on fuels, liquid petroleum gas, and natural gas distributors to review their profit margins and pass on more tax savings to consumers in his latest crackdown on the private energy market. Mexico offers subsidies ...

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US, China to further talks on cloud access in trade deal

Bloomberg US and Chinese negotiators are discussing adding a concession on cloud computing to their trade agreement that would give foreign companies greater access to the $12 billion Chinese market, people familiar with the talks said. Chinese officials called a meeting this week with representatives of companies including Microsoft Corp, Apple Inc and Amazon.com Inc to talk about the proposal ...

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India court examines jet deal in blow to PM

Bloomberg India’s top court will review fresh evidence in the multi-billion dollar purchase of French warplanes, a potential setback to Prime Minister Narendra Modi a day before the start of national elections. A three-judge bench headed by Chief Justice of India Ranjan Gogoi said the Supreme Court will further hear petitions alleging corruption in a deal to buy 36 Rafale ...

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ShopBack wins $45m in Rakuten-backed round

Bloomberg An Asian rewards app that works with Alibaba Group Holding Ltd and major online brands has snagged $45 million from Japan’s Rakuten Capital and other investors. Rakuten Capital and EV Growth are leading the investment round for ShopBack, which offers cashback and other rewards for a plethora of names from Airbnb and Foodpanda to Booking.com and Alibaba’s Taobao. The ...

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