October, 2021

• 31 October

  Nvidia, Tencent in race for next spot in trillion-dollar club

  

  Bloomberg Tesla Inc’s ascent into the most exclusive of corporate clubs — the $1 trillion capitalisation set — has investors guessing on which company will be the next to join. The technology industry represents five of the six current members and may well be the spawning ground for the next. But there is competition. The commodity supercycle, the global push ...

  Read More »
• 31 October

  Oil surges 11% in October as stockpiles erode away

  

  Bloomberg Oil posted a monthly gain of 11% on signs that consumption is outpacing supply and draining stockpiles. Futures in New York rise 0.9%. Oil’s advance this month shows the impact of an ongoing shortage of natural gas, which has boosted demand for oil products. At the same time, rising margins signal that crude consumption will remain strong as refiners ...

  Read More »
• 31 October

  Lebanese business councils in GCC condemn minister’s statements

  ABU DHABI / WAM The presidents and chief executives of the Lebanese Business Councils (LBCs) in the Gulf Cooperation Council (GCC) have strongly condemned the statements made by the Lebanese Information Minister against the Saudi-led Coalition to Support the legitimacy in Yemen. In a joint statement issued on Saturday, they affirmed their rejection of turning Lebanon into a platform for ...

  Read More »
• 31 October

  Tourist flow, trades reflect strong ties with UAE: Swiss president

  ABU DHABI / WAM About 240,000 annual two-way tourist traffic between Switzerland and the UAE, the presence of the region’s largest Swiss expatriate community in the Emirates, and robust bilateral business and investment ties make the UAE “an important partner for Switzerland in the Middle East,” the Swiss President told Emirates News Agency (WAM). “With almost 3000 people, the UAE ...

  Read More »
• 31 October

  Big Data highly impact statistical work: SCAD

  

  ABU DHABI / WAM The Statistical Training Institute (STI) of the Statistics Centre – Abu Dhabi (SCAD) held a virtual seminar titled ‘The Data Revolution and Big Data in Official Statistics’, as part of the Abu Dhabi Data Dialogue series, organised by the STI. Representatives from Abu Dhabi government entities and statistical centres at the state level participated in the ...

  Read More »
• 31 October

  Dubai launches online system for car rentals

  Dubai / WAM Dubai’s Roads and Transport Authority (RTA) launched an online Transportation Activities Rental System (Tars) to serve the car rental system in the emirate. The system aims to bring more happiness to corporate and individual clients by improving the level of services provided to them. The CEO of RTA Licensing Agency Abdullah Yousef Al Ali, said, “This new ...

  Read More »
• 31 October

  Sharjah Ruler inaugurates art exhibition

  

  Sharjah / WAM His Highness Dr Sheikh Sultan bin Muhammad Al Qasimi, Supreme Council Member and Ruler of Sharjah, inaugurated on Saturday, the art exhibition “The Other Side of Silence” by Hrair Sarkissian in the Sharjah Art Foundation. The exhibition, organised by the Sharjah Art Foundation in cooperation with Galérie Bonnier Constellation in Stockholm, and the Bonnefanten Museum in Maastricht, ...

  Read More »
• 31 October

  Expo 2020 Dubai to explore resilient, sustainable habitats

  

  Dubai / WAM As global population growth continues to challenge the world’s existing cities and communities, Expo 2020 Dubai brings together leaders, experts and citizens to explore how we must transform the way we move, build, consume and live in the habitats of the future. By 2050, more than 70 percent of the world’s population is forecast to live in ...

  Read More »
• 31 October

  UAE to take part in India International Trade Fair

  

  NEW DELHI / WAM The UAE will be an important participant in the India International Trade Fair (IITF) to be held in New Delhi from November 14-27, India’s Ministry of Commerce and Industry announced on Saturday. The ministry said India’s other trade partners which have confirmed their attendance at the annual exhibition, described as “one of the most awaited business ...

  Read More »
• 31 October

  Indian state, UAE firm discuss investment cooperation

  

  Abu Dhabi / Emirates Business A government delegation from Telangana, India, headed by Kavitha Kalvakuntla, Member of Telangana Rashtra Samithi and daughter of the Chief Minister of Telangana, visited Dr Mubarak Hamad Marzouq Al Ameri, Chairman of the Board of Directors of Green Gate Investment Company, at his residence in Al Ain. They discussed the mechanisms of investment and economic ...

  Read More »