March, 2017

• 1 March

  Investors clamor for US corporate bonds as issuers back away

  

    Bloomberg Blue-chip US companies are pulling back from borrowing just when investors most want to lend. Investment-grade corporate bond sales were below $100 billion in February, the worst February since 2014 and 14 percent below the monthly average for issuance for the last three years, according to data compiled by Bloomberg. Companies likely moved at least a portion of ...

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• 1 March

  Automakers think outside the box in search for next big thing

  

    Bloomberg The co-founder of Noveto Systems Ltd. had five minutes to impress some 1,000 auto executives, venture capitalists and fellow entrepreneurs with his startup’s novel audio system. At stake, a potential supply deal with Mercedes-Benz. After a tentative beginning, Tomer Shani asked the crowd in Stuttgart, Germany, to “imagine a world without headphones and wires,” where speakers beam sound ...

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• 1 March

  New firewall solution to secure path to 5G, IoT

  

    Emirates Business A10 Networks (NYSE: ATEN), a secure application servicesâ„¢ company, announced the expansion of its A10 Thunder CFW (convergent firewall) family with a new Gi/SGi firewall solution and a software-only vThunder CFW for NFV deployments. The new A10 Thunder CFW addresses rising security concerns of service providers who are focused on the industry’s transition to 5G, broad-scale deployment ...

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• 1 March

  SoftBank Robotics plans app store for Pepper humanoid

  

    Bloomberg The team behind Pepper, the humanoid robot from SoftBank Robotics, are planning a platform for the machine where developers create applications for everyday use, such as guarding your home or giving floors a vacuum clean. SoftBank intends to open a platform similar to a mobile “app store” for developers to sell or market software to consumers, said Nicolas ...

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February, 2017

• 28 February

  ‘UAE committed to promote respect for human rights’

    GENEVA / WAM Dr Anwar bin Mohammed Gargash, Minister of State for Foreign Affairs reiterated UAE’s commitment to promoting respect for human rights and fundamental freedoms. Giving the UAE statement before the High Level Segment of the 34th session of the United Nations Human Rights Council in Geneva, Dr Gargash said by promoting respect for human rights, the UAE ...

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• 28 February

  Emirates NBD, Dubai SME to boost ‘water sustainability’

    DUBAI / WAM Emirates National Bank of Dubai (Emirates NBD) announced it would cooperate with Dubai SME to provide four-year, interest-free payments for buyers of revolutionary machines which literally convert air into water. The deal between Emirates NBD and Dubai-based Sky River was signed at Gulfood 2017, the world’s largest annual food event running at Dubai World Trade Centre ...

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• 28 February

  EGA’s net income increases 10 percent to AED2.1 billion

  

    Abu Dhabi / Emirates Business Emirates Global Aluminium (EGA), the largest industrial company in the United Arab Emirates outside the oil and gas industry, reported net income for 2016 of AED 2.1 billion, an increase of 10 per cent compared to 2015. Earnings Before Interest, Taxes, Depreciation and Amortisation (EBITDA) stood at AED 5.0 billion, in line with 2015. ...

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• 28 February

  DP World, Tejari sign 5-year extended pact

    DUBAI / Emirates Business Following a highly successful partnership, DP World has signed a five-year extended agreement with leading strategic procurement company BravoSolution / Tejari. The deal was made following the existing five year relationship where Tejari supported DP World’s supplier relationship, tendering and contract management processes into a seamless, integrated online platform that can be accessed both locally ...

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• 28 February

  MoF keen to enhance culture of innovation

  DUBAI / WAM In a bid to contribute to achieving the UAE Vision 2021 and the National Innovation Strategy, Ministry of Finance hosted CEOs of Innovation from Federal Government authorities as part of the new interactive platform, ‘Innovators Network’, which was launched by Mohammed bin Rashid Centre for Government Innovation. The session covered development opportunities for government entities, innovation plans, and ...

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• 28 February

  The age of disbelief

  

    We live in an age of disbelief. Many of the ideas and institutions that have underpinned Americans’ thinking since the early years after World War II are besieged. There is an intellectual and political vacuum into which rush new figures (Donald Trump) and different ideas (America First). These new ideas and leaders may be no better than the ones ...

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