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NEW YORK / WAM Diplomatic Ambassadors, part of the Ministry of Education’s “Our Ambassadors Programme” 2018 concluded an exploratory journey to the United States aimed at developing the scientific and personal skills in diplomacy and international relations of Emirati students. Supported by HH Sheikh Abdullah bin Zayed Al Nahyan, Minister of Foreign Affairs and International Cooperation, the programme aims to ...

Bloomberg Facebook Inc.’s short-lived attempt to open an “innovation hub” in China underscores just how difficult it will be for the social network to build a meaningful presence in the country. Shortly after a government website showed a unit of the social network could register a company in Zhejiang, meant as a hub to interact with Chinese developers, the notice ...

Bloomberg Chinese e-commerce operator Pinduoduo Inc. rose as much as 44 percent on its first day of trading in New York after selling raised $1.6 billion in the fourth-largest US initial public offering this year. The shares, which priced at the top of the marketed range in the IPO, were up 36 percent to $25.88 in New York. The shares ...

Bloomberg One of the main deals announced between Russian President Vladimir Putin and his US counterpart Donald Trump at their summit in Helsinki — coordinated steps to help stabilise the situation in Syria — is already running into trouble. Facing a storm of criticism in Washington of their meeting, the two leaders touted the agreement to reduce Iran’s role in ...

Bloomberg The US economy accelerated to a 4.1 percent pace of growth in the second quarter, the fastest since 2014, letting President Donald Trump claim a win for his policies even though expansion is projected to cool. The annualized rate of gains in gross domestic product was just shy of the 4.2 percent median forecast in a Bloomberg survey. It ...

Bloomberg Canada’s new Minister of International Trade Jim Carr has invited a dozen trade ministers to meet in October to discuss how to fix the World Trade Organization (WTO). But two countries have been left off the list: the US and China. The goal is to “identify concrete and tangible ways the operation and function of the WTO can be ...

Bloomberg Are Britons living beyond their means? That’s the question being asked by the Office for National Statistics after households saw their outgoings exceed their incomes last year for the first time in three decades. Each household spent or invested about 900 pounds ($1,187) more than they received on average — 25 billion pounds in total, according to an ONS ...

ABU DHABI / WAM Preparations are in full swing to launch KhalifaSat, the first satellite fully built in the UAE by a team of highly qualified Emirati engineers, into orbit before the end of the year from the ground station in Japan aboard the rocket, H-IIA, revealed Director-General of the UAE Space Agency. “The UAE Space Agency is planning to ...

ABU DHABI / WAM The Office of the Minister of Tolerance and Etihad Airways have signed a cooperation agreement to promote the values of tolerance, coexistence and respect for diversity. The agreement between the two parties seeks to promote these values in a more sustainable and enriching manner among different nationalities, cultures and religions via community projects in national and ...

Dubai / WAM The Business Park at Dubai South has announced it has entered into a strategic partnership with the Union of European Expert Chambers, UCEE, to establish a permanent exhibition and business centre for the members of the UCEE at the Business Park. The partnership aims to encourage European SMEs to set up their business in Dubai and the ...