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Sudan protests challenge military’s grip on power

Bloomberg Sudan’s transitional military council announced an end to a curfew and a commitment to hand power to a civilian government within two years, signalling that pro-democracy protests are weakening the army’s grip in the oil-producing African nation. The moves followed the decision of Defense Minister Ahmed Awad Ibn Auf to stand down as the head of the council less ...

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First-of-its-kind coral reef garden project launched in Fujairah

Dubai / Emirates Business The Ministry of Climate Change and Environment (MOCCAE) on Saturday launched the Fujairah Cultured Coral Reef Gardens, the largest project of its kind in the UAE, in collaboration with Fujairah Municipality, Dibba Fujairah Municipality and the Fujairah Adventures. In line with the Ministry’s strategy to protect the UAE’s biodiversity and ensure its sustainability, the project is ...

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Dubai opens world’s first robot-operated number plates factory

DUBAI / WAM The Roads and Transport Authority (RTA), has integrated a robot-operated vehicle registration plate maker in Dubai. The fully-automated machine can produce 33,000 plates per day. It applies the fourth industrial revolution (4IR), technologies and artificial intelligence applications to print registration plates without any human intervention. Soon, RTA will install ten similar machines at service provider centres and ...

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Abu Dhabi promoted as leading event, incentive destination in London

Abu Dhabi / WAM The Abu Dhabi Convention Bureau’s United Kingdom team concluded a month of special events targeting the business travel market to promote the emirate as a leading event and incentive destination. The promotion kicked off with an event in partnership with Jumeirah Hotels and Etihad Airways, attended by Sulaiman Hamid Almazroui, UAE Ambassador to the UK. The ...

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Ajman’s digital transformation journey highlighted at WSIS

Geneva / Emirates Business The Ajman Digital Government participates in the World Summit on the Information Society (WSIS 2019) Forum in Geneva, Switzerland. The event witnessed an international participation from countries, their ministries and organisations that have taken a crucial decision in their governance of ensuring technology and information is always the core of their policies. Ajman Digital Government is ...

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SoftBank’s Son to double $7.7bn stake in Uber IPO

Bloomberg Masayoshi Son will soon have some evidence to back his faith in ride-hailing: His stake in Uber Technologies Inc may be worth at least double the $7.7 billion he paid for it little more than a year ago. SoftBank Group Corp’s Vision Fund owns 16.3 percent of the world’s biggest ride-hailing company, according to Uber’s filing with the US ...

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China exports rebound, imports warn of fragility

Bloomberg China’s exports rebounded after the Lunar New Year holiday amid a pickup in trade talks optimism, while a continued slide in imports underscored the fragility of the domestic economy. Exports jumped 14.2 percent in March from a year earlier while imports fell 7.6 percent in dollar terms, the customs administration said. That left a trade surplus of $32.65 billion, ...

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Trump says US ‘must win’ race to develop 5G infrastructure

Bloomberg President Donald Trump said the US will cut regulations and free up spectrum for 5G technology amid tight competition with China and other nations to develop the next genera-tion of telecommunications infrastructure. “The race to 5G is a race that America must win,” Trump said at the White House. “We cannot allow any other country to out-compete the United ...

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GM’s talks with e-vehicle firm Rivian collapse

Bloomberg Talks between General Motors Co. and electric-vehicle startup Rivian Automotive Inc. about the largest US carmaker buying an equity stake have reached an impasse and may be dead, people familiar with the matter said. GM had negotiated potentially taking a stake in Rivian and forging a partnership that may have helped the Plymouth, Michigan-based startup bring fully electric trucks ...

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