Abu Dhabi / WAM The Emirati Talent Competitiveness Council (Nafis) has signed an MoU with Emirates Integrated Telecommunications Company (du), which involves du’s participation within the Nafis programme, a federal initiative that aims to increase the contributions of Emirati citizens within the private sector and raise their efficiency and qualifications. In the signing ceremony, Nafis was represented by Ghannam Al ...
Read More »MoHAP launches updated version of its website
Dubai / WAM The Ministry of Health and Prevention (MoHAP) has launched an updated version of its website offering faster access to information. The new website’s colours and icons have been redesigned in accordance with the visual identity standards. It also offers revised and updated content in several languages. MoHAP unveiled the new website during its participation in Gitex ...
Read More »Cisco to join Zayed University’s partner challenge programme
Abu Dhabi / WAM Zayed University on Wednesday announced that Cisco would join its pioneering Partner Challenge programme as part of a new memorandum of understanding (MoU) signed between the two parties. The programme offers a unique opportunity for students to apply their knowledge outside the classroom, addressing real-world challenges proposed by an industry player, such as Cisco. Working ...
Read More »Work on Midtown project 91% complete, says Deyaar
Dubai / WAM Deyaar Development on Wednesday announced above 91% completion of the Mesk District in Midtown, the grand development located in Dubai Production City near Sheikh Mohammed Bin Zayed Road, and also confirmed close to 78% completion of the Noor District. The announcement marks a crucial milestone for the property developer as Mesk and Noor Districts will allow ...
Read More »Indian tech companies have bigger problems than Fed
The quarterly earnings season for India’s outsourcing firms has begun on a cautiously optimistic note. Tata Consultancy Services Ltd., the largest of the country’s software exporters, reported better-than-expected growth of 8% in net income. Its operating margin, which had slumped to a seven-year low of 23% in the three months to June, rose by 1 percentage point as Mumbai-based ...
Read More »A big leap for Germany on aid sharing
The gathering tsunami of soaring energy costs finally forced Germany to act to quiet the grousing from the rest of the European Union. Chancellor Olaf Scholz is ready to drop his opposition to joint borrowing at the EU level to cushion the blow of the crisis, Bloomberg News reports. While this doesn’t look like a “Hamiltonian leap†toward federalized ...
Read More »Romance with Fed pivot breaks investors’ hearts
Last week was cruel for traders and investors who were hoping that financial markets would leave behind what has been a painful triple whammy this year caused by tightening financial conditions. After a strong bounce in both stocks and bonds early in the week offered some hope, the markets yanked it back, essentially erasing investors’ gains as investment portfolios ...
Read More »These stricter China chips rules are terribly timed
A new set of restrictions on Chinese access to US semiconductor technology may arguably have commercial and geopolitical merit, but the timing couldn’t be worse. Shares of chip-industry leaders from Lam Research Corp. to Taiwan Semiconductor Manufacturing Co. plunged across the globe after the Biden administration announced stricter rules. These new measures are a natural evolution of Washington tightening ...
Read More »Amazon, Walmart start holiday sales with expected ‘huge’ deals
Bloomberg Holiday deals are coming back, bringing a measure of relief for US shoppers squeezed by inflation. Tech gadgets to sporting goods will see “massive†online discounts, with the best bargains likely in late November, Adobe Analytics said in a report. Walmart Inc is already touting deals on computers, toys and air fryers this week, while Amazon.com Inc will ...
Read More »Boeing’s 747 cargo plane wheel falls off after takeoff in Italy
Bloomberg A wheel fell off a giant Boeing Co. cargo jet and plunged to the ground shortly after the aircraft took off from Taranto in southern Italy on Tuesday morning. A video posted on Twitter showed a plume of black smoke suddenly spit out from the 747-400 Dreamlifter’s undercarriage and a wheel like a giant bowling ball flying to ...
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