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‘Dubai is an ecosystem for innovation, future economy’

Dubai / Emirates Business Mohammed Al Gergawi, Minister of the UAE Cabinet Affairs and The Future, Vice Chairman of the Board of Trustees and Managing Director of Dubai Future Foundation, said that Dubai became an ecosystem for innovation and the future economy, and a preferred global destination for conferences and exhibitions focused on future sectors and emerging technologies. Al Gergawi ...

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RTA, Careem establish e-hail taxi JV

DUBAI / WAM The Dubai Roads and Transport Authority (RTA), has announced the establishment of an E-Hail Taxi Joint Venture with Careem Networks Company (Careem); the leading ride hailing technology company in the region. Accordingly, the new company, the name and logo of which will be announced in the next few months, will provide e-hail taxi services to customers beginning ...

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Huawei’s growth, alleged theft helped sow mistrust

Bloomberg Huawei Technologies Co. wanted a better way to test its telephone handsets, so it sent an engineer to see “Tappy,” the robot in partner company T-Mobile US Inc’s laboratory in Bellevue, Washington. “Tappy,” computer-driven and tireless, taps on touch screens, simulating weeks of use in a day. The Huawei engineer was curious about Tappy’s fingertips. So he slipped one ...

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Tencent, peers rally on China resuming game approvals

Bloomberg Shares in Tencent Holdings Ltd. jumped 4.5 percent after Chinese media reported that regulators have resumed approving games, signaling a potential end to a hiatus that’s chilled the world’s biggest gaming industry. Tencent and peers from South Korea to Japan spiked after the official China Securities Journal reported that regulators had reviewed and passed an initial batch of online ...

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PG&E roiled by regulator’s breakup threat

Bloomberg After years of wildfires linked to power lines, a deadly explosion and accusations of falsified safety records, California utility owner PG&E Corp is facing a deterioration of trust among state leaders. The California Public Utilities Commission has begun a formal process to evaluate whether PG&E’s Pacific Gas and Electric utility should be split into separate electric and gas companies, ...

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Facebook faces fresh privacy lawsuit

Bloomberg Facebook Inc faces growing pressure over its privacy protections as the District of Columbia sued over its handling of user data, exemplified by the privacy breach in which personal information of millions of Americans was transferred to Cambridge Analytica, a political consulting firm hired by President Donald Trump’s 2016 campaign. The suit alleges Facebook violated the district’s Consumer Protection ...

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Drug giants turning back to the lab

Bloomberg Two of the world’s biggest drugmakers agreed to create a giant seller of over-the-counter medicines, in yet another sign that pharmaceutical giants are slowly turning away from the grocery store and back towards the laboratory. GlaxoSmithKline Plc and Pfizer Inc said that they plan to combine their sprawling consumer-health businesses into a single company selling everything from Advil pain ...

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Death toll in Indonesia tsunami soars past 220

Bloomberg The death toll from a tsunami triggered by suspected volcanic activity near the Sunda Strait in Indonesia has topped 200 as rescuers continue to search for dozens missing in the tourist region. More than 220 people, mostly tourists, are confirmed dead, at least 843 injured and dozens are missing in the two provinces hit by waves late on Saturday, ...

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UAE’s pioneering initiatives enhance Islamic economy

DUBAI / Emirates Business The Dubai Islamic Economy Development Centre (DIEDC) on Saturday outlined the 2019 action plan for the Dubai: The Capital of Islamic Economy initiative at its fourth board meeting for 2018. Chairing the meeting, Sultan bin Saeed Al Mansouri, Minister of Economy and Chairman of DIEDC, confirmed the UAE’s pioneering role as a catalyst for innovative initiatives ...

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2nd phase of expansion plan for Danat Al Emarat Hospital to cost $82mn

ABU DHABI / WAM The United Eastern Medical Services Board announced on Saturday the second phase of the expansion project of Danat Al Emarat Hospital for Women and Children in Abu Dhabi. The second phase includes the construction of a new tower with a capacity of 100 beds, at a total cost of AED300 million ($81.7 million). The new tower ...

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