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Dubai / WAM The UAE has made a new leap in the Global Competitiveness Index (GCI), according to the recent Global Competitiveness Report issued by the World Economic Forum (Davos) 2018, where the country has advanced 18 places in “ICT Adoption” from 24th to 6th place in the world. This theme measures the efficiency of the telecommunications sector in countries ...

SHARJAH / WAM Sheikh Sultan bin Ahmed Al Qasimi, Humanitarian Envoy of The Big Heart Foundation (TBHF), and Chairman of Sharjah Media Corporation (SMC), opened the hospital built by The Big Heart Foundation in collaboration with the Medicines Sans Frontieres – Doctors without Borders, in Cox’s Bazar district of Bangladesh. The AED3 million hospital aims to offer lifesaving aid and ...

Abu Dhabi / WAM The Abu Dhabi City Municipality (ADM), made a new achievement by winning the “World Smart City Award for the Fastest Growing Practices”, presented by the German Sigfox Connect Company in Berlin. The awards attracted the participation of 52 countries from all over the world. Sami Abdul Qadir Al Hashimi, Manager of Technical Support for Infrastructure, and ...

Dubai / WAM The first of the new Dubai Metro trains had arrived in the emirate, with a total of 50 to be delivered by the end of October 2019. Mattar Al Tayer, Director-General and Chairman of the Roads and Transport Authority (RTA), said the first train has been transported to the Metro Depot at Rashidiya. ”The manufacturer, Alstom, will ...

Sharjah / WAM Noura bint Mohammed Al Kaabi, Minister of Culture and Knowledge Development, inaugurated the Middle East’s first graphic design Biennial, and the first-of-its-kind in the Middle East and North Africa (Mena), region. Over the course of the next 21 days, the UAE’s fictitious “Ministry of Graphic Design” will introduce visitors to the best and most ground-breaking graphic designs ...

Abu Dhabi / WAM Louvre Abu Dhabi on Saturday announced that it has welcomed more than one million visitors in its first year, establishing itself as one of the leading cultural institutions on the global stage. Commenting on the first anniversary of Louvre Abu Dhabi, Mohamed Khalifa Al Mubarak, Chairman of the Department of Culture and Tourism – Abu Dhabi, ...

Bloomberg French President Emmanuel Macron moved to smooth over ruffled relations with Donald Trump after the US president took offense at his proposal Europe create its own continental military force. Macron received Trump at the Elysee Palace on Saturday in Paris ahead of a weekend of commemorations with world leaders to mark the 100th anniversary of the end of World ...

Bloomberg The guardian of the punch bowl is at risk of becoming the punching bag. The Federal Reserve continued to signal at its meeting that “further gradual increases” in interest rates are coming for the “strong” US economy. It’s a message that could be increasingly unpopular as Democrats and Republicans seek more spending next year while gearing up for the ...

Bloomberg More than 40 percent of major US lenders are failing to satisfy the Federal Reserve’s expectations in key areas of risk management, the central bank said in a report that reveals the regulator’s overall assessment of the industry. The Fed’s inaugural Supervision and Regulation Report highlights a number of positives — including high capital and liquidity reserves — but ...

Bloomberg The major US investment banks are planning to shift assets to Frankfurt because of Brexit, a move that would see their balance sheets in Germany grow to about 250 billion euros ($283 billion), several people briefed on the matter said. Goldman Sachs Group Inc., JPMorgan Chase & Co., Morgan Stanley and Citigroup Inc. have presented plans to increase the ...