Abu Dhabi / Emirates Business The United Arab Emirates is embarking on ambitious plans to achieve global lead in innovative technologies, with a focus on artificial intelligence, Internet of Things (IoT) and autonomous systems. “Remotely controlled vessels and autonomous ships are no longer a vision of the future; rather they are a reality of today,” states Basel Shuhaiber, CEO of ...

Dubai / WAM Mattar Al Tayer, Director-General and Chairman of the Board of Executive Directors of Roads and Transport Authority (RTA), revealed that mass transit means in Dubai comprising the Metro, Tram, Buses, marine transport (Abra, Ferry, Water Taxi & Water Bus), and taxis (Dubai Taxi & franchise companies) had lifted 551.7 m riders in 2017 according to RTA’s Statistics ...

Abu Dhabi / WAM Abu Dhabi University (ADU) has welcomed around 7,863 returning and new students for the Spring Semester to pursue their studies across university’s 44 internationally accredited undergraduate, postgraduate and doctoral programmes. The Spring Semester will end on June 25. Dr. Waqar Ahmed, Interim Chancellor of the university, confirmed that all preparations have been completed for the beginning ...

Abu Dhabi / Emirates Busines Strata Manufacturing PJSC (Strata), the advanced composite aero-structures manufacturing facility wholly owned by Mubadala Investment Company PJSC, has revealed key business highlights for 2017 as it continues to make its mark on the global aerospace supply chain and contribute towards Abu Dhabi’s economic diversification plans. The Al Ain-based business is seeking to reinforce its position ...

Bloomberg Apple Inc., seeking to bolster its wearables business, is working on upgrades to its wireless AirPods headphones, according to people familiar with the matter. Like with its mobile devices—the iPhone, iPad, and Apple Watch—Apple intends to frequently update the AirPods with new hardware features. The Cupertino, California-based technology giant is working on a new version for release as soon ...

Bloomberg Vision Esports, an investment fund focussed exclusively on professional video gaming, has finished a $38 million funding round led by Evolution Media, the firm founded by Creative Artists Agency and TPG Capital. It’s one of the bigger efforts to gather money in the fast-growing esports industry. Other new Vision Esports investors include baseball’s St. Louis Cardinals, Giants wide receiver ...

Bloomberg Gestamp Automocion SA will be largely insulated from the car industry’s high investment costs to develop electric autos after taking steps years ago to produce the large, lightweight metal parts the vehicles need, Chairman Francisco Riberas said. Gestamp’s leadership in hot-stamping technology already enables it to supply lower-weight steel body structures and chassis that help automakers grapple with ways ...

Bloomberg The world’s largest car maker and biggest ride-hailing company plan to team up on autonomous driving as technological changes sweep through the transportation industry. Dara Khosrowshahi, chief executive officer of Uber Technologies Inc., posted a photo on Twitter of him and Toyota Motor Corp. President Akio Toyoda and Executive Vice President Shigeki Tomoyama at the automaker’s headquarters. The Uber ...

MUMBAI / Reuters India state refiners expect their profit margins to hold their strength this year as demand growth accelerates for fuel products amid a record $93 billion spent on infrastructure and stable crude oil prices, company executives and analysts said. India’s sales of cars and especially motorbikes are forecast to rise rapidly, even as the development of a Delhi-Mumbai ...

Bloomberg Two of the world’s biggest energy producers have abandoned the sale of some of Australia’s oldest oil fields after running a 20-month sales process. Exxon Mobil Corp. and BHP Billiton Ltd. will retain ownership and operation of fields, licenses and associated infrastructure held in the Gippsland Basin Joint Venture after concluding a sale process, Exxon’s Esso Australia unit said ...