Global bank HSBC on Tuesday announced 35,000 job cuts globally after its net profit fell 53 per cent to $6 billion (Dh22 billion) in 2019.

However, impact of the job cuts in the UAE or the wider Middle East and North Africa (Mena) region was not clear as the bank didn't disclose the breakdown in its annual results. The London-headquartered bank's will boost its investment to Middle East and Asia but reduce exposure to the US and Europe.

'There is no breakdown for the regions, therefore,"...

Dubai Electricity and Water Authority (DEWA) has achieved a new world record in electricity Customer Minutes Lost (CML) per year. DEWA recorded 1.86 minutes, in Dubai, compared to around 15 minutes recorded by leading electricity companies in the European Union. This is a new addition to DEWA’s record of international achievements in electricity and water services.

“At DEWA, we work according to the vision and directives of our leadership"...

Khalifa University of Science and Technology, organizers of the Mohamed Bin Zayed International Robotics Challenge, announced a total of 30 teams will be competing for honors at MBZIRC 2020, the second edition of US$5-million biennial competition to be held from 23-25 February in Abu Dhabi, UAE, in parallel with the 4th edition of Unmanned System Exhibition (UMEX) and Simulation & Training Exhibition and Conference (SIMTEX) 2020.

Around 500"...

(AETOS Wire)-- Arthur D. Little (ADL) has published its annual telecoms study, which highlights the need for greater reconfiguration in the global telecoms industry. Backed by client conversations, a global survey and interviews targeting investors, board members and senior executives of telecom operators, the study has revealed that inorganic growth options are a viable tool for operators to survive in the challenging telecoms market, with more than 90 percent of respondents agreeing."...

(AETOS Wire)-- Aptorum Group Limited (NASDAQ: APM) (“Aptorum Group”), a biopharmaceutical company focused on the development of novel therapeutics to address global unmet medical needs, announces further positive data from its current investigational new drug (IND)-enabling studies for ALS-4, a small drug molecule candidate indicated for the treatment of infections caused by Staphylococcus aureus (or “S. aureus”), including methicillin-resistant Staphylococcus"...

(AETOS Wire)-- Aptorum Group Limited (Nasdaq: APM) (“Aptorum Group”), a biopharmaceutical company focused on the development of novel therapeutics to address global unmet medical needs, announces positive data and development in relation to its repurposed drug candidate, SACT-1, for the treatment of neuroblastoma, a rare type of childhood cancer that develops in infants and young children. Subject to completion of current validation studies, Aptorum Group plans to leverage"...

(AETOS Wire)-- The GSMA knows that the Coronavirus has created disruption, in particular for exhibitors and attendees from around the world, including the 5-6,000 (5-6%) who have historically attended from China. Our sympathy goes to all those affected. We are grateful for the preventative measures our Chinese exhibitors have put in place, notably ZTE and Huawei. Today, the GSMA is moving ahead as planned and will host MWC Barcelona 24-27 February 2020. While the GSMA confirm some"...

Under the motto of 'Donations instead of Gifts', Brigitte Vöster-Alber, Chief Executive Officer of GEZE GmbH in Leonberg, delivered a donation cheque for 200,000 trees to the organization Plant-for-the-Planet on 11 December 2019. As in recent years, GEZE decided to give its customers a very special gift: contributing to protecting the environment by planting trees. The organization Plant-for-the-Planet plants trees, which helps to break down CO2. Our partners in the Middle East region were honored to receive"...

ZURICH: Credit Suisse, which has faced a scandal related to spying on senior executives, also conducted espionage against Greenpeace, Swiss newspaper SonntagsZeitung reported.
Then-Chief Operating Officer Pierre-Oliver Bouee ordered his head of security to infiltrate the environmental group after Greenpeace disrupted the bank’s annual shareholder meeting in 2017, the paper said in an article.
Credit Suisse, which has been criticised by Greenpeace for investing in fossil fuels, gained access to emails, tipping"...