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Arab-Chinese ties have witnessed remarkable growth, expansion

Beijing / WAM The UAE is participating in the China-Arab Cooperation Forum, which kicked-off on Tuesday in Beijing, in the presence of Chinese President Xi Jinping and a number of high-level delegations from Arab states, and Arab League Secretary-General Ahmed Aboul-Gheit. The UAE delegation is headed by Dr. Sultan bin Ahmad Sultan Al Jaber, Minister of State, and includes Yacoub ...

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UAE ranks first in Arab world in Global Innovation Index

ABU DHABI / WAM The UAE remained in good standing at this year’s edition of the Global Innovation Index (GII) as it ranked number one in the Arab World and ranked 38th globally and 24th in the innovation input pillar. In addition, the country also demonstrated an increase in its innovation output pillar from 56th in 2017 to 54th this ...

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Reem Al Hashemy lauds efforts of ERC in Yemen

ADEN / WAM Reem bint Ibrahim Al Hashemy, Minister of State for International Cooperation, praised the humanitarian efforts of the Emirates Red Crescent (ERC), to alleviate the hardships of various vulnerable people and communities, especially the brotherly Yemenis, who are suffering the repercussions of the actions of the Houthi militias. She stated that the ERC’s efforts in Yemen have become ...

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Grab aims to build super-app like WeChat to rival Go-Jek

Bloomberg Grab is opening its app to external developers and fellow startups, as the company that bought out Uber Technologies Inc. in Southeast Asia tries to build a WeChat-like super-app that encompasses everything from maps and payments to food delivery. The move underscores the Singapore-based company’s newfound ambition to become an “everyday super-app” that helps millions of users carry out ...

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Vodafone gets India’s approval for Idea deal

Bloomberg Vodafone Group Plc said it received approval from the Indian government to combine with Idea Cellular Ltd., a deal first announced 16 months ago. India’s Department of Telecommunication has approved the merger provided arrears amounting to as much as $1.1 billion are paid to the government, according to the department’s order seen by Bloomberg. The outstanding amount is for ...

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Russia plans $80bn borrowing spree despite sanctions scare

Bloomberg Russia’s Finance Ministry laid out its most ambitious borrowing programme yet with a plan to raise almost 5 trillion rubles ($80 billion) domestically over the next three years, even as warnings sound over the global buildup of debt and foreign investors turn cautious after US sanctions. Under the terms of a draft plan for 2019-2021, the government will borrow ...

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Brexit resignations create new uncertainty for UK business

Bloomberg Just as Prime Minister Theresa May softened her plan for leaving the European Union — a move that companies welcomed — the resignation of the UK’s top Brexit officials creates new uncertainty for business. Carolyn Fairbairn, the director-general of the Confederation of British Industry, called the weekend resignations of Brexit Secretary David Davis and his deputy, Steve Baker, a ...

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Renewables can generate half of Britain’s power by 2030

Bloomberg Renewables can generate half of Britain’s power by 2030 without adding to consumer bills, potentially crowding out nuclear as a significant low carbon source of electricity. That’s the conclusion of the National Infrastructure Committee, an independent body that advises government on how to meet the country’s long-term needs for large construction projects. It recommended the government should make 50 ...

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Trump says he’s confident Kim will denuclearise

Bloomberg US President Donald Trump said he believed North Korean leader Kim Jong-un would keep his pledge to “denuclearise,” while suggesting that neighbouring China might be working to undermine talks. “I have confidence that Kim Jong-un will honour the contract we signed &, even more importantly, our handshake,” Trump said in a tweet, adding that Beijing “may be exerting negative ...

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‘Education is a future investment’

Abu Dhabi / WAM His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, on Monday received at the Al Bahr Palace, several top-achieving male and female 12th Grade students from the 2017-2018 school year, as well as their parents. The meeting also saw the attendance of HH ...

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