Masonry Layout

Hyundai to set up $4b JV for driverless cars

Bloomberg Hyundai Motor Group will spend $1.6 billion to develop autonomous vehicles with Aptiv Plc, marking one of the biggest investments yet by a traditional carmaker into the burgeoning robocar industry. Aptiv will take a 50 percent stake in the venture, while Hyundai Motor, Hyundai Mobis Co and Kia Motors Corp will contribute a combined $1.6 billion in cash and ...

Read More »

UAE citizens abroad start voting for FNC elections

GENEVA / WAM UAE citizens in Geneva, Berlin, and London on Sunday started voting for the elections of the fourth session of the Federal National Council (FNC). Ambassador Obaid Salem Al Zaabi, UAE Permanent Representative to the United Nations and Other International Organisations in Geneva, said that all arrangements were made for the UAE citizens abroad to participate in the ...

Read More »

DCD awards licenses to non-Muslim places of worship in Abu Dhabi

Abu Dhabi / WAM The Department of Community Development (DCD) in Abu Dhabi organised a ceremony on Sunday to award licences for the existing 18 non-Muslim places of worship in the emirate of Abu Dhabi. Licences for five other places of worship were also announced in the ceremony. The event aimed to highlight the DCD’s vital role in regulating places ...

Read More »

Abu Dhabi Ports’ container volume rises 82.4% in H1

Abu Dhabi / WAM Abu Dhabi Ports on Sunday revealed robust operational performance with significant volume growth in the first half of 2019. The company, which operates ports and terminals across the UAE, as well as Khalifa Industrial Zone Abu Dhabi (Kizad), said its success was driven in part by concession agreements signed with leading maritime firms, such as Mediterranean Shipping ...

Read More »

Dubai hosts fireworks on Saudi’s National Day

Dubai / WAM In celebration of the Kingdom of Saudi Arabia’s 89th National Day on September 23, Dubai will light up its skies with spectacular fireworks displays across many of the city’s vibrant destinations to mark the joyous occasion. Located at the tip of Palm Jumeirah across from hotel resort Atlantis, The Palm lies The Pointe, a scenic, retail and ...

Read More »

Hong Kong protesters mob malls, vandalise rail station

Bloomberg Hundreds of protesters gathered at malls in Hong Kong’s Kowloon and New Territories districts and vandalized a train station before clashing with riot police in Shatin. The rallies were relatively muted coming after Saturday’s clashes that continued late into the night with protesters throwing petrol bombs and police firing tear gas, and some officers coming under direct attack. Hong ...

Read More »

Tax cut gives Modi perfect pitch to win US investments

Bloomberg Prime Minister Narendra Modi arrived in the US a day after delivering a $20 billion tax-cut stimulus for companies, which strengthens his pitch to American chief executives about the ease of doing business in India. His government cut corporate taxes to rival some of the lowest in Asia, helping India compete with the likes of Vietnam and Indonesia to ...

Read More »

China energy plan sees coal-hauling rail line

Bloomberg There’s nothing quite like a massive coal rail to demonstrate China’s loyalty to the dirtiest of fossil fuels. Almost a decade in the making, the nearly $30 billion Haoji Railway will start around the end of this month and eventually haul as much as 200 million tons from key producing regions in the north to consumers in the south. ...

Read More »

UK Port of Dover says it’s ready for no-deal Brexit disruption

Bloomberg The Port of Dover — through which a sixth of the UK’s trade in goods flows — can cope with any disruption thrown up by a no-deal Brexit, Chief Executive Officer Doug Bannister said, suggesting some of the direr predictions of chaos are wide of the mark. “The Port of Dover is 100 percent ready,” he said in an ...

Read More »

Google to invest $3.3bn to grow EU data centres

Bloomberg Google will invest 3 billion euros ($3.3 billion) over the next two years to expand its server farms across Europe. The investments take its total spend on European data centers to 15 billion euros since 2007, Google Chief Executive Officer Sundar Pichai told reporters in Helsinki following a meeting with Finnish Prime Minister Antti Rinne. It’s also investing 1 ...

Read More »
Send this to a friend