DUBAI / WAM In a new global achievement for Dubai on the cultural front, the emirate has enhanced its ranking in the Global Power City Index (GPCI) 2021 issued by the Institute for Urban Strategies at the Mori Memorial Foundation in Japan. Dubai ranked first in the Arab world and fifth globally in the cultural interaction criterion that measures the ...
Read More »Government launches UAE API marketplace
Dubai / WAM In line with the directives of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, to provide the best government services worldwide, the UAE Government launched the UAE API Marketplace enabling the private sector to co-design, develop multi-channel digital services, and provide value-added innovative customer experience. ...
Read More »Hub71, Khalifa University to boost entrepreneurship
ABU DHABI /WAM Hub71, Abu Dhabi’s global tech ecosystem, and the Khalifa University of Science Technology signed a strategic partnership at Global Manufacturing and Industrialisation Summit (GMIS) to enable students and alumni to work alongside tech startups, opening the private sector and entrepreneurship door for their career paths. Signed by Badr Al-Olama, Acting Chief Executive Officer of Hub71 and Dr ...
Read More »Etisalat making global strides in 5G
Dubai / Emirates Business Etisalat on Saturday has made global strides in 5G by setting a benchmark right from the launch of the network to the services with its infrastructure ready to support all 5G devices and future solutions backed by the continuous investments in technology and innovation on the network enabling superior 5G connectivity. The continuous support and wise ...
Read More »Everything’s fine at the most open border in US
The border between the US and Mexico is located in a large room. From the Mexican side, you get there by walking through a series of hallways. You may also take some elevators. It’s clean, quiet and orderly — more DMV than Versailles. This description may not comport with the images of the border you may have seen on television. ...
Read More »What will it take to make an EV?
Breakups are tough — even amicable ones. But a reassessment usually lays bare the issues that inform the future. So it’s worth wondering about the relationship between the century-old Ford Motor Co and recently-floated electric vehicle company Rivian Automotive Inc. It was meant to work — on paper. A large, traditional manufacturer ties up with a new startup that boasts ...
Read More »Alibaba’s index of pain is a lesson in timing
Pity the poor saps who piled into shares of Alibaba Group Holding Ltd when it was a $750 billion behemoth and the sky still appeared to be the limit. That includes a lot of retirement savers in Hong Kong, who became involuntary investors last year when the company was added to the city’s benchmark Hang Seng Index. By any yardstick, ...
Read More »China is closing another major bridge to Taiwan
For the past decade, political, economic and cultural ties between China and Taiwan have withered under the strain of an increasingly assertive Beijing and a Taipei that refuses to bend under its will. Yet one part of the relationship has held together well: The pragmatic businesspeople on both sides toiling behind the scenes to help each other make money while ...
Read More »Latam Airlines reaches bankruptcy deal
Bloomberg Latam Airlines Group SA has reached a deal with key stakeholders that paves the way for the Chilean carrier to slash debt and exit bankruptcy under new ownership. Latin America’s largest airline plans to raise around $5 billion by issuing shares and convertible notes to current stockholders and creditors as it exits Chapter 11 bankruptcy, according to court papers. ...
Read More »Scandals, China’s diplomacy loom large in Honduran poll
Bloomberg Hondurans are voting on Sunday in presidential elections that may oust the scandal-hit ruling party and end the nation’s alliance with Taiwan. Xiomara Castro, the wife of a former president deposed in a coup, is leading in polls as she tries to end 12 years of rule by the conservative National Party. She spooked some investors by saying that ...
Read More »