Dubai / Emirates Business Immensa Technology Labs, the UAE’s leading Additive Manufacturing (AM or 3D printing) company, has launched the country’s first 3D printing facility in line with the ‘Dubai 3D Printing Strategy’ launched by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of UAE and Ruler of Dubai. Immensa’s state-of-the-art facility houses over eight ...
Read More »EGA launches robotics competition for students
Dubai / Emirates Business Emirates Global Aluminium, (EGA) the largest industrial company in the UAE outside oil and gas, on Monday announced Al Robot, a robotics competition that challenges students at universities and higher education institutions in the UAE to create a robot to tackle a real life challenge at EGA’s aluminium smelters. The competition asks university students to design, build ...
Read More »AMAF  finishes distribution of food donations
Dubai / WAM In line with the UAE #Year of Giving and reflecting the spirit of generosity and social solidarity that embodies the Holy Month of Ramadan, the Awqaf and Minors Affairs Foundation (AMAF), completed distribution of ‘Mir Ramadan’ food donations to more than 150 underprivileged families in Dubai to help them meet their daily requirements throughout the month. Under ...
Read More »MBRSC-UD ink deal to develop UAE’s space sector
Dubai / Emirates Business To strengthen links of cooperation between educational institutions in the UAE and centre’s specialized in advanced technology, science and space, The Mohammed Bin Rashid Space Centre (MBRSC) has signed a Memorandum of Understanding with University of Dubai (UD). The MoU aims to develop and qualify national human resources capable of working in space science technology sector, ...
Read More »Hong Kong wants to win next Alibaba with exchange revamp
Bloomberg Hong Kong Exchanges & Clearing Ltd. is sending a message to startup companies the world over: We want your business. The bourse operator proposed the creation of a new exchange that would allow firms to list before they’ve made a profit and permit dual-class shares, an issue that caused Hong Kong to miss out on Alibaba Group Holding Ltd.’s ...
Read More »Japan has surprise trade deficit as import beats exports
Bloomberg Japan had a surprise trade deficit in May, as stronger-than-expected imports overpowered the best export growth in more than two years. Exports rose 14.9 percent from a year earlier (estimate +16 percent), according to data released by the Ministry of Finance. Part of that was a rebound from weak shipments last year caused by the Kumamoto earthquake in April ...
Read More »Takata declines by daily limit over ‘bankruptcy plan’
Bloomberg Takata Corp. fell by its daily limit after the embattled airbag maker was said to be planning to file for bankruptcy, paving the way for a sale of the 84-year-old Japanese company behind the biggest safety recall in automotive history. Shares of Takata declined 17 percent, the most since April 27, at the end of trading on Monday in ...
Read More »China home prices increase in fewer cities as curbs bite
Bloomberg China’s home prices increased in fewer cities last month in the wake of cooling measures imposed by local authorities. New-home prices, excluding government-subsidized housing, gained from the previous month in 56 of 70 cities tracked by the government, compared with 58 in April, the National Bureau of Statistics said on Monday. Prices fell in nine cities and were unchanged ...
Read More »Brexit talks kick off in Brussels as May urged to soften stance
Bloomberg Brexit talks finally began on Monday, almost a year since Britons voted to leave the European Union and amid confusion over what exactly the UK government wants from the divorce. What UK Brexit Secretary David Davis describes as the “most complicated negotiation of all time†began at 11 a.m. in Brussels with Prime Minister Theresa May’s government already on ...
Read More »Suspected terror attack near London mosque kills one
Bloomberg UK police are treating an incident in which a van plowed into a crowd outside a north London mosque as the third terrorist attack on the capital in as many months. One man died and 10 people were injured, all of them “from the Muslim community,†Deputy Assistant Commissioner Neil Basu told reporters in London on Monday. The attack ...
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