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Abu Dhabi / WAM The Sheikh Zayed Housing Programme has approved 522 housing assistance applications for Emirati citizens valued at AED410 million. They range from housing loans and grants to government housing. This follows the directives of President His Highness Sheikh Khalifa bin Zayed Al Nahyan, and the follow-up of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President ...

Abu Dhabi / WAM The Khalifa Fund for Enterprise Development (KFED), has announced its participation at this year’s edition of Gitex Technology Week, the biggest tech show in the Middle East, North Africa and South Asia (Menasa), which will run from October, 6-10 at the Dubai World Trade Centre (DWTC). During the event, KFED will highlight its ‘AI Mentor’ initiative, an integrated ...

London / WAM The World Youth Council, in cooperation with the UAE Embassy in the United Kingdom, has organised an interactive session with Sarah bint Yousif Al Amiri, Minister of State for Advanced Sciences, about the Emirates Mars Mission’s Hope Probe and the country’s latest success in space. During her speech at the session, organised at the Science Museum in ...

Abu Dhabi / WAM The UAE Space Agency announced its participation in the World Space Week, which focuses on the role of science and technology for the benefit of humanity. Taking place untill October 10, this year’s theme of the World Space Week will be “The Moon: Gateway to the Stars”. In celebration of the World Space Week, the Agency ...

Bloomberg Venezuela’s state oil company has briefly cut output in the Orinoco Belt — which accounts for about half of the nation’s total production — to a maximum of 200,000 barrels a day after swelling inventories forced blending plants to shut. Petroleos de Venezuela SA set a production limit at the extra-heavy crude area of the Orinoco, the country’s main ...

Bloomberg Mexico’s Finance Minister Arturo Herrera said the country should debate how to exploit its deep-water hydrocarbon riches, in an apparent challenge to President Andres Manuel Lopez Obrador’s decision to suspend the private oil auctions to explore these deposits. “We need to have a profound discussion about what we are going to do with deep water, because in deep water, ...

Bloomberg Here in the heart of America’s car industry, car parts have nowhere to go. Eighty-five tractor trailers full of hoods, bumpers and other assorted parts sat, unloaded, in Lansing, Michigan, — more evidence of the cost of the General Motors (GM) strike that has shut down most of its North American plants and idled 46,000 workers. Soon to enter ...

Bloomberg Facebook Inc has made mistakes in controlling the use of its data and has improved its monitoring of fake news but can’t be expected to police the global internet, spokesman Nick Clegg said in an interview in El Pais. Facebook’s vice president of global affairs and communication said the technology company can identify and warn users that certain content ...

Bloomberg The National Highway Traffic Safety Administration (NHTSA) says it’s received a petition calling for an investigation of certain Tesla Inc electric cars and is evaluating the complaint, according to a notice posted on regulator’s website. The petition, filed by a law firm representing Tesla drivers, alleges that Tesla updated battery management software in response to a potential defect that ...

Bloomberg Half of high-income millennials ages 30 to 34 fear they’ll have to work forever because they won’t be able to save enough to retire. That’s one take-away from a recent study that focussed on high-income millennials, those with a minimum annual income of $100,000 for single people or $150,000 for married ones. The survey was conducted by the Spectrem ...