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500-strong team brainstorming UAE’s future over next 50 years: Al Gergawi

Abu Dhabi / WAM A 500-strong team is collectively working to ensure effective brainstorming at generating innovative ideas for the fulfillment of the country’s vision adopted by President His Highness Sheikh Khalifa bin Zayed Al Nahyan; His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai; and His Highness Sheikh Mohamed ...

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Initiatives launched to boost UAE competitiveness globally

Abu Dhabi / WAM In a bid to enhance the UAE’s competitiveness globally and strengthen the efficiency and sustainability of the data required to enact the supporting strategies for the National Agenda and achieve the Sustainable Development Goals, the UAE Government launched ‘The Digital Competitiveness Platform’ and the ‘10X10 Challenge for Global Competitiveness’ The Competitiveness and Data Working Group, which ...

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Free parking announced for National Day

Abu Dhabi / WAM The Integrated Transport Centre (ITC) of the Department of Transport in Abu Dhabi has announced that its parking bays will be free of charge starting Sunday, December 2 and ending Tuesday, December 4 at 7:59 am, on the occasion of the UAE 47th National Day. ITC urged the public not to park their vehicles in prohibited ...

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Ukraine standoff part of Kremlin ‘long game’

Bloomberg The flare-up between Russia and Ukraine off the coast of Crimea has stirred fears their conflict is set to reignite. Ukraine’s leader has warned dramatically of such a scenario. More likely, according to an analysis by Chatham House, is that the aggression is simply the latest gambit in President Vladimir Putin’s long game to chip away at his neighbour’s ...

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Go-Jek to enter Singapore soon in challenge to Grab

Bloomberg Indonesia’s Go-Jek plans to roll out a preliminary version of its ride-hailing app in Singapore, bringing fresh competition to the hometown of arch-rival Grab, according to people familiar with the plan. Go-Jek’s beta app will be available to a limited number of consumers before expanding it to a wider population as testing progresses, said the people, who asked not ...

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Google workers sign letter seeking end to China project

Bloomberg A group of Google employees has signed a public letter calling on the company to abandon its plans for a Chinese search product that censors results. Project Dragonfly, as the initiative is known, would enable state surveillance at a time when the Chinese government is expanding controls over the population, according to the letter signed initially by at least ...

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EU unveils plan to become ‘climate neutral’ by 2050

Bloomberg The European Union unveiled its long-term vision on combating climate change in a push for more ambitious action on the environment just days after US President Donald Trump rejected his government’s warning on the economic costs of global warming. The 28-nation bloc, responsible for 10 percent of global greenhouse-gas emissions, set a 2050 perspective to help give direction to ...

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Trump threatens to cut GM’s subsidies

Bloomberg President Donald Trump’s threat to cut subsidies to General Motors Co in retaliation for the automaker’s plan to close US factories was met with immediate skepticism. While it’s true that GM, like other US automakers, has received substantial federal assistance over the years — including a nearly $50 billion bailout in 2009 — experts cast doubt on the idea ...

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BMW still preaches free trade as tariff threat looms

Bloomberg BMW AG will keep spreading the gospel of free trade and back its rhetoric up by investing more in its massive US plant, all as the Trump administration mulls higher tariffs on imported autos. The German automaker is presenting two SUVs at the Los Angeles auto show this week: a refreshed X5 crossover and a new three-row model, the ...

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Financing deal signed for stage 2 of UAE national railway network

ABU DHABI / WAM The UAE Ministry of Finance and the Abu Dhabi Department of Finance have signed an agreement for the financing of Stage Two of the Etihad Rail national rail network. The second stage will extend 605 kilometres from Ghuweifat on the border with Saudi Arabia to Fujairah on the east coast, to be followed by future route ...

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