UAE heads to 4th Belt and Road Initiative summit in Hong Kong

Abu Dhabi: An economic and trade delegation from the UAE will participate in the 4th Summit of the Belt and Road Initiative in Hong Kong on September 11 and 12, in the presence of government delegations from 80 countries. The UAE delegation will be chaired by Abdullah Al Saleh, Under-Secretary of the Ministry of Economy […]

Dubai is a global health-tech and medical tourism destination

Dubai’s healthcare industry’s development has helped establish the city as a major international medical tourism destination with a stated goal to attract 500,000 medical tourists by 2020. The city’s proximity and accessibility to the Middle East and GCC markets as well as Africa and Asia, its highly qualified pool of multi-disciplinary medical professionals and internationally […]

Oil industry needs $11t in new investments

Abu Dhabi: Investments totalling $11 trillion will be needed by the oil and gas industry to keep up with rising energy demands, according to UAE Minister of State and Adnoc CEO Sultan Ahmad Al Jaber. “Population growth and the historic rise of the middle-class leading to greater spending power are key [factors],” he said while […]

Apple to launch three iPhones on Tuesday

Cupertino, California: Tomorrow, Apple will hold what should be called its annual “Confirmation of iPhone Leaks and Rumors” jamboree. Obviously, it’s not called that, but you’d be forgiven for thinking it should be given the number of rumors and leaks that precede the launch of the latest iPhone. This year’s flood of speculation say that […]

Japan’s Nissan casts around for a new CEO

Tokyo: Nissan Motor Co. is looking for its third CEO in as many years. Following the resignation of Hiroto Saikawa after a scandal over pay, the Japanese automaker’s board needs to find a leader who can guide the company through decade-low profits and job cuts as car sales slow globally. In addition to restoring confidence […]

China’s Geely takes stake in German ‘flying taxi’ firm Volocopter

FRANKFURT AM MAIN: German “flying taxi” developer Volocopter said on Monday it had raised €50 million ($55.1 million, Dh202.4 million) from investors including automaker Geely, risking a revived debate about Chinese investments in EU firms. “The new funds will be used towards bringing the VoloCity aircraft to commercial launch within the next three years,” Volocopter […]