Bloomberg Here is Google’s vision for the future of computing: As you drive home from work, you tell your car, “Ok, Google,†triggering the company’s Assistant. You order food, the digital helper handles the transaction and makes sure it’s ready when you arrive. Right now, Amazon.com Inc. and its Alexa digital assistant are closer to realizing that goal, having cut ...
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May, 2017
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20 May
Robots with don’t-hurt-humans sensors hit small factories in US
Bloomberg Robots are everywhere. They’re stocking shelves, pruning trees, making cocktails, delivering room service. Now they’re even showing up for work in some of the smallest factories, in a boost for manufacturing in the US and a potential new threat to traditional production-line jobs. The robotics wave began sweeping into automobile and other plants decades ago, stopping short of shops ...
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20 May
Tech sector witnesses biggest annual inflows in 15 years
Bloomberg This year has been a big one for the technology sector, and now we’re getting data on just how quickly investors are piling into this already crowded area of the equity market. Investors ranging from institutional accounts to retail clients plowed about $1 billion into tech stocks during the past week, pus-hing inflows to the highest annualized pace in ...
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20 May
Subaru weighs Sweden’s Autoliv as camera supplier
Bloomberg Subaru Corp. is considering Autoliv Inc.’s stereo cameras for its driver-assist system as the Japanese automaker looks for options beyond a Hitachi Ltd. unit that has been a supplier for almost a decade, people with knowledge of the matter said. The company is evaluating both the suppliers’ prototypes for its EyeSight system when another upgrade is planned in 2020 ...
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18 May
Halal industry vital to Islamic economy
ABU DHABI / WAM The 9th International Economic Summit in Kazan between Russia and the Organisation of Islamic Cooperation (OIC), member countries started on Thursday in Kazan, the capital of Tatarstan, and will conclude on May 20. The UAE’s participation in this event is represented by a senior delegation, chaired by Dr Rashid bin Ahmed bin Fahad, Minister of State. ...
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18 May
25.6 billion shares of 18 national banks listed at UAE financial markets
ABU DHABI / WAM The number of floating shares in the national banking sector available for trading reached 25.6 billion at the end of the first half of May, constituting 50 percent of the total capital of 18 national banks, amounting to 51.2 billion shares. The latest official statistics issued by the Abu Dhabi and Dubai financial markets show a ...
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18 May
ADGM first in MENA to join R3 blockchain consortium
ABU DHABI / WAM Abu Dhabi Global Market (ADGM) has announced that it joined R3 as a new member of its international consortium. ADGM is the first regulatory body in the Middle East and North Africa region to be part of the R3 consortium, comprising over 80 members from the world’s leading financial institutions and regulators. As a member, the ADGM ...
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18 May
UAE Exchange Group targets up to $300mn in acquisitions
DUBAI / Reuters UAE Exchange Group, a global remittance and foreign exchange business, aims to spend between $250 million and $300 million on acquisitions to build its global market share, its chief executive said. The group aims to increase its share of the $575 billion global remittance industry to more than 10 percent by 2020, from 6.75 percent currently, Promoth ...
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18 May
UAE attends first EU-GCC trade, investment dialogue in Riyadh
Abu Dhabi / Emirates Business The UAE participated in the first trade and investment dialogue between the Gulf Cooperation Council (GCC) and the European Union (EU), which concluded at the headquarters of the Council’s General Secretariat at Saudi Capital of Riyadh. The Ministry of Economy organized the UAE delegation which was headed by Mohammed Nasser Hamdan Al Zaabi, Director of ...
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18 May
Oman to sell $2bn Islamic bonds
Bloomberg Oman plans to sell $2 billion of Islamic bonds this month as it seeks to trim a large budget deficit caused by lower oil revenue, Finance Minister Darwish Al Balushi said. The crude exporter’s budget deficit will reach 12 percent of economic output this year and it will continue to narrow in the coming years, Al Balushi said in ...
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