finance & economy

January 19, 2020

DUBAI — The world’s leading security, safety and fire protection experts will gather in Dubai for the 2020 edition of Intersec, the world’s leading trade fair for security, safety and fire production, starting today (Jan. 19) to probe the latest technology solutions transforming the global security industry.

The three-day event gathers more than 1,100 exhibitors for 50-plus countries, including the majority of the world’s top 50 security manufacturers will be displaying the latest security solutions across the three days when the show kicks off.

While the exhibition will be a window to disruptive technology shaping the international security sector, Intersec’s three-pronged"...

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January 19, 2020

The UAE renewed its commitment in finding innovative solutions to minimise the impacts of climate change and save the planet.

The UAE leadership announced far-reaching initiatives during the recently-concluded Abu Dhabi Sustainability Week, which included the Irena General Assembly, the Atlantic Council Global Energy Forum, the Future Sustainability Summit, the World Future Energy Summit, and the Zayed Sustainability Prize.

The highlight of the week was the declaration by Dr Sultan Al Jaber, Minister of State and Adnoc Group CEO, who sets high targets for the next"...

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January 19, 2020

According to analysts from Reuters Polls, Bloomberg and Alpho, the U.S.-Iran tensions easing will lead to growing interest of investors in risky assets in upcoming weeks. Such a progress will result in demand for currencies of Asian emerging markets, mainly Indian rupee (INR) and South Korean won (KRW).

ASML Holding NV is major semiconductor chip equipment manufacturer. While Taiwan semiconductor import has been growing last two months, South Korea's semiconductor export fell 17.7% year-on-year in December following its 30,8% decrease in previous month. Nevertheless, the fall was not as low as expected. In terms of volume, however, overseas"...

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January 18, 2020

WAM) -- Masdar, one of the world’s leading renewable energy companies, hosted its fifth annual Women in Sustainability, Environment and Renewable Energy, WiSER, Forum on Tuesday at the Abu Dhabi Sustainability Week, ADSW, 2020.

This year, the forum focused on digitalisation, Artificial Intelligence and the new digital economy, exploring the opportunities and challenges the sustainability industry faces in ensuring female inclusion, through an expert panel and an engaging roundtable discussion session.

The forum was attended by Sheikha Shamma bin Sultan bin Khalifa"...

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January 18, 2020

The American University of Ras Al Khaimah (AURAK) and the University of Texas at Arlington (UTA) have signed an agreement to set up a collaborative education program to maximize opportunities for students.

The deal means that students at AURAK who successfully complete three years of the undergraduate curriculum in Computer Engineering can be accepted at the Computer Science and Engineering Department in the College of Engineering at the University of Texas at Arlington.

Upon successful completion of the first year at UTA students will be awarded a bachelor’s"...

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January 18, 2020

The LYCRA Company, a global leader in developing innovative solutions for the textile, apparel and personal care industries, is marking its first anniversary as a stand-alone subsidiary of the Ruyi Group on January 31.

In 2020, The LYCRA Company is operating at full strength across all facets of the organization and sharpening its focus to create value through strategic investments in science and technology as innovation is a key enabler to the company’s future success. The company is also actively exploring potential synergies with Ruyi, its majority shareholder, which include leveraging its spandex capacity and fully integrated value"...

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January 17, 2020

Philip Morris International Inc. (PMI) (NYSE: PM) has been recognized among this year’s most awarded winners in the One Planet Awards program, an initiative acknowledging business and professional excellence in industries around the world. The company earned four awards for its achievements in delivering a smoke-free future from the more than 50 judges, who represent a wide spectrum of global industry experts.

PMI"...

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January 16, 2020

Abu Dhabi-based Gulf Capital on Tuesday announced its three-year growth plans for IVI-RMA Middle East, the fastest growing provider of fertility treatment services in the GCC, following its acquisition for over $100 million.

Gulf Capital said in a statement that it is actively targeting investments within the fast growing and defensive healthcare sector and has identified the fertility sub-sector as a key focus priority, given its expected double-digit growth rates across the region.

With increased awareness coupled with the technological advancements in the field,"...

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January 16, 2020

The 1,600 hectare luxury resort in Australia owned by Dubai’s Emirates Group has “not been impacted” by the bushfires which have engulfed the south-east of the country but repair work needed to the surrounding landscape means it will not be able to reopen for guests until February 1.

According to AFP, the bushfires have destroyed more than 2,000 homes and burnt 10 million hectares of land, an area the size of Portugal. A total of 28 people have been killed and around a billion animals have died.

On"...

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January 16, 2020

HONG KONG, 15th January, 2020 (WAM) -- The Ministry of Finance, MoF, participated in the Asian Financial Forum, which concluded yesterday in Hong Kong. In line with its commitment to strengthen the UAE’s global relationships and showcase the UAE model, the ministry participated in the forum to strengthen cooperation and knowledge sharing in the financial sector.

Younis Haji Al Khoori, Undersecretary of the Ministry of Finance, headed the ministry’s delegation to the Forum where he met with the Undersecretary of the Ministry of Finance in Hong Kong to discuss opportunities and financial challenges witnessed by the world and the region.

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