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China’s NIO tests investor appetite for electric cars - Dotemirates

China’s NIO tests investor appetite for electric cars

Bloomberg The global excitement about electric cars faces a test in New York on Wednesday.China’s NIO Inc., which seeks to take on the likes of Tesla Inc., starts trading on the New York stock exchange after raising about $1 billion selling American depositary shares at$6.26 apiece. The electric-car maker, backed by Tencent Holdings Ltd., priced the stock near the low end of its offering amid the tumult in Tesla shares, a global trade war and investor qualms over its manufacturing capabilities and profitability.The sale, which values NIO at about $6.4 billion, will test investor appetite for electric-car makers vying to...


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UAE News

12/02/2019

UAE leaders come from the heart, they really care and back it up with action: David Beasley, WFP Executive Director

DUBAI, 12th February, 2019 (WAM) -- David Beasley, World Food Programme Executive Director, has spoken of the significance of the World Government Summit 2019, which has gathered thousands of leaders and decision makers from all around the world to find innovative and effective solutions to universal challenges facing humanity. In an interview with the Emirates News Agency (WAM), on the sidelines of the Summit, Beasley said that it is a critical time for leaders to come together and that the Summit "is extremely important today, because were facing some of the worst disasters and conflicts all over the world." The...
12/02/2019

JUST IN: HH Sheikh Mohammed And HH Sheikh Hamdan Checked Out The Revolutionary Sky Pods

The future of transportation seems like it is well on its way in Dubai as HH Sheikh Mohammed and HH Sheikh Hamdan reviewed two models of the Sky Pods on Monday.Sky Pods have been dubbed the 'future of mobility' by the RTA, and from what the photos show, the futuristic electric pods that use five times less power than regular electric vehicles.(Image Credits: Twitter/ @Wamnews_eng).@HHShkMohd accompanied with @HamdanMohammed reviews two models of the Sky Pods, a mobility system being tested by the @RTA_Dubai #Dubai #WorldGovSummit pic.twitter.com/Gg6vjLG46K— Dubai Media Office (@DXBMediaOffice) February 11, 2019 It's still currently in the testing phaseThe...
12/02/2019

Russia announced as Guest of Honour for Abu Dhabi International Book Fair 2020

ABU DHABI, 12th February, 2019 (WAM) -- The Department of Culture and Tourism - Abu Dhabi, (DCT Abu Dhabi) has chosen Russia as the Guest of Honour for the 30th edition of the Abu Dhabi International Book Fair (ADIBF), which will take place from 16th to 22nd April next year. Russia’s participation in the Fair, which was confirmed after the signing of a Memorandum of Understanding between DCT Abu Dhabi and the Federal Agency for Press and Mass Communication - Moscow, is expected to attract significant visitor numbers with various themed events and activities held throughout the entire duration of...

12/02/2019

Harrison Ford: Climate change is the greatest nemesis of the century

During the final day of the World Government Summit 2019 on Tuesday, Harrison Ford described climate change as the "greatest moral crisis of our time". Speaking alongside Dr Thani Al Zeyoudi, UAE Minister of Climate Change and Environment at the session titled: 'An Urgent Call to Action on Climate Change', Ford also made an indirect dig at US President, Donald Trump.  "You would think that the world would feel compelled to take action by what the consensus of science tells us about the threat of climate change. But around the world elements of leadership, including in my home country (the...
12/02/2019

Abu Dhabi’s Etihad to deploy A380 on daily Seoul route

Abu Dhabi’s Etihad to deploy A380 on daily Seoul route Aarti Nagraj Monday 11 February 2019 Abu Dhabi airline Etihad Airways will operate the Airbus A380 on its daily service to Seoul from July 1, 2019, it announced on Monday. Flight EY876 will depart Abu Dhabi at 11.05pm and arrive in Seoul at 11.35am the next day. The return flight EY873 will depart from the South Korean capital at 1am and arrive in the UAE capital at 5.45am. Etihad’s 486-seat A380 will provide customers on the route with new inflight experiences such as its flagship luxury area – The Residence...
12/02/2019

Sheikh Mohammed launches new urban planning award

His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai said the UAE became an international destination for developing futuristic development models that focuses on improving the quality of life by creating sustainable solutions for challenges. Sheikh Mohammed's remarks came while launching the Dubai International Award for Best Practices in Urban Planning, which took place on the side-line of the World Government Summit. The biennial award includes five categories and the winners of the next cycle will be honoured during Expo 2020 Click/tap here to subscribe to Khaleej Times news...