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Dubai / Emirates Business In line with its efforts to support the UAE National Innovation Strategy, His Highness Sheikh Hamdan bin Rashid Al Maktoum, Deputy Ruler of Dubai and Minister of Finance (MoF), on Monday launched the Mohammed Bin Rashid Innovation Fund Accelerator. The launch took place at a special event held at Dubai Opera, in the presence of HE ...

DUBAI / WAM Following the decision by President His Highness Sheikh Khalifa bin Zayed Al Nahyan, declaring 2019 as the ‘Year of Tolerance’, the Vice President, Prime Minister and Ruler of Dubai, directed the formation of the ‘Supreme National Committee for Tolerance’. The newly formed Committee for Tolerance will be chaired by His Highness Sheikh Abdullah bin Zayed Al Nahyan, ...

Dubai / WAM The UAE government launched an interactive initiative, titled, ‘Government Experience Dialogue’, to showcase innovative technologies and the latest developments of leading companies and institutions, as well as to explain the effects of these technologies on future government services. The dialogue sessions are part of a series of initiatives that aim to gather decision-makers and international experts, to ...

Bloomberg In the uproar over Carlos Ghosn’s alleged financial improprieties, the former chairman of Nissan Motor Co. has received most of the heat. Now, the scrutiny has expanded to the role of the Japanese automaker and its chief executive officer: Hiroto Saikawa. Tokyo prosecutors on December 10 indicted Nissan, as well as Ghosn, for allegedly misleading investors and the government ...

Bloomberg Takeda Pharmaceutical Co.’s credit rating was cut by Moody’s Investors Service, which cited the drugmakers’ ballooning debt level following its $62 billion acquisition of Shire Plc. Moody’s cut Takeda’s credit rating three notches to Baa2 from A2, according to a statement. That’s still investment grade, and Moody’s said the outlook is stable based on expectations that Takeda will reduce ...

Bloomberg Greenhouse gas emissions from power plants, cars and other uses of energy in the US are on the rise again after several years of declines, according to new government data that defies the Trump administration’s argument for rolling back regulations to fight pollution. Energy-related carbon dioxide emissions — a category that includes electric power generation and transportation fuel use ...

Bloomberg US factory production was unchanged in November and the prior month’s reading was revised to a decline from a gain, a sign the industry may be taking a breather while still growing at a pace that supports economic growth. Factory output was unchanged after a 0.1 percent decrease that was revised from a 0.3 percent gain, Federal Reserve data ...

Bloomberg Revolut, the London-based financial technology startup, has obtained a European banking license as Brexit looms, with plans to launch checking and savings accounts as well as retail and business lending. The Bank of Lithuania, the eastern European country’s central bank, granted Revolut the regulatory approval that gives it permission to operate throughout European Union. While London has been a ...

Bloomberg Protests against Hungarian Prime Minister Viktor Orban’s regime grew as an initial call to repeal a law on overtime work widened into a demand for a return to liberal democracy, including independent courts and free public media. The demonstration was the biggest of four in five days and highlighted the backlash against Orban’s centralisation of power. The 55-year old ...

Abu Dhabi / WAM Under the patronage of His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, and with the attendance of H.H. Lt. General Sheikh Saif bin Zayed Al Nahyan, Deputy Prime Minister and Minister of Interior, the 1st Arab Digital Economy Conference began on Sunday ...