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Abu Dhabi / WAM EPI, the precision engineering backbone of the UAE’s aerospace and defence industry, on Tuesday announced that it is joining forces with the Mohammed Bin Rashid Space Centre (MBRSC), home to the UAE National Space Programme, to manufacture key components for its new satellite project MBZ-SAT. The six-month-long project will see EPI producing 147 machined parts for ...

Abu Dhabi / WAM Noura Al Suwaidi, Secretary-General of Women’s Union (GWU), stressed that HH Sheikha Fatima bint Mubarak, Chairwoman of the General Women’s Union (GWU), President of the Supreme Council for Motherhood and Childhood, and Supreme Chairwoman of the Family Development Foundation (FDF) the “Mother of the Nation,” is exerting all possible efforts to support and empower women around ...

ABU DHABI / WAM The Ministry of Health and Prevention (MoHAP) announced that it conducted 193,163 additional Covid-19 tests over the past 24 hours, using state-of-the-art medical testing equipment. In a statement on Tuesday, the ministry stressed its aim to continue expanding scope of testing nationwide to facilitate early detection of coronavirus cases and carry out necessary treatment. As part ...

Bloomberg Germany wants to make a deal with the US in order to complete the controversial Nord Stream 2 gas project that has caused friction between the two countries. The 1,230-kilometre (764-mile) gas pipeline that’ll bring the fuel from Russia to Germany has been a persistent source of trans-Atlantic friction. Its construction was halted for a year after the US ...

Trade deals, like peace agreements, aren’t worth the paper they’re printed on without good faith vested in their implementation. Just weeks after the Brexit trade agreement entered into force, intentions over the part of the deal that applies to Northern Ireland have been called into question by both the UK and the European Union. Once again, the relationship between the ...

The world’s largest carmaker doesn’t have a chip-shortage problem. In contrast to the rest of the auto industry, Japan’s Toyota Motor Corp said it wasn’t expecting a shortfall of semiconductors to affect its production. In the company’s earnings call, Chief Financial Officer Kenta Kon said that as part of its business continuity plans, Toyota — which makes more than 10 ...

Neil Woodford, the storied UK fund manager who spectacularly crashed 16 months ago, is planning a comeback. If he’s successful in persuading investors to make him the steward of their money once again, it will defy economic Darwinism. Woodford was forced to close his eponymous firm in October 2019 after the administrators of his flagship fund dismissed him as its ...

Just over 10 years old, Bitcoin might already be the best-performing investment of all time. It might also be the most volatile, and volatility has a way of luring people into ill-timed and costly investing choices. So with all the headlines about Bitcoin’s meteoric rise, it seems reasonable to ask how its investors are doing. There’s no denying Bitcoin’s astonishing ...

Bloomberg Singapore reaffirmed its forecast for a rebound in economic growth this year after its worst annual contraction since independence, signalling the recovery is on track while more stimulus expected in this week’s annual budget presentation will provide further support. The Ministry of Trade & Industry (MTI) maintained its projection for growth in a range of 4% to 6% for ...

Bloomberg Amazon.com Inc will begin making devices in India for the first time, joining a flock of technology companies setting up manufacturing operations in the South Asian country. The Seattle-based e-commerce giant will start making the devices via a subsidiary of its manufacturing partner Foxconn Technology Group and production will start later this year in its facilities outside Chennai, the ...