DUBAI / WAM Dubai World Central (DWC), registered a surge of 81.5 percent in customer numbers in 2019 with annual traffic exceeding 1.6 million. According to a DWC press statement, the sharp increase in customer numbers was attributed to the relocation of operations by various international carriers during the 45-day closure of Dubai International’s (DXB), southern runway during April and ...

ABU DHABI / WAM The Abu Dhabi Fund for Development (ADFD), on Tuesday signed a Memorandum of Understanding with the United States International Development Finance Corporation (DFC), an independent agency of the US Government. The areas of collaboration outlined by the MoU include the exchange of knowledge and expertise between the two parties especially in the field of financing private ...

AL AIN / WAM UAE University (UAEU), financed scientific research projects worth AED70 million in 2019, and the period of their completion averaged between two years and four years. One of the great strengths of the UAEU is its ability to address the significant challenges that face today’s modern United Arab Emirates, through the research activities of its faculty and ...

DUBAI / WAM AS World Group – in its capacity as Authorised Ticket Reseller for Expo 2020 Dubai – organised a global roadshow at the 33rd Ordinary Session of the African Union Summit held in Addis Ababa, Ethiopia, to promote the upcoming World Expo to all 54 member countries of the African Union. AS World Group launched special Expo 2020 ...

Bloomberg UK Prime Minister Boris Johnson is set to push ahead with the HS2 high-speed rail project linking London to northern England, despite political opposition and spiralling costs. The new route will be the UK’s biggest ever infrastructure project — and currently Europe’s largest — but the total price tag could reach more than 100 billion pounds ($129 billion). The ...

Bloomberg The UK will need to go further than Canada in its commitments to the European Union (EU) if it wants to trade without tariffs and quotas, European Commission President Ursula von der Leyen warned, further raising the temperature with Britain before negotiations on the future relationship even start. In a direct, personal response to the speech by Prime Minister ...

Bloomberg T-Mobile US Inc is poised to win court approval for its $26.5 billion takeover of Sprint Corp, according to a person with knowledge of the matter, defeating a state-led lawsuit that sought to block the industry-altering wireless deal. US District Court Judge Victor Marrero in Manhattan is expected to rule, said the person, who asked not to be identified ...

Bloomberg Daimler AG slashed its dividend to the lowest since the financial crisis and promised deeper cost cuts as Chief Executive Officer (CEO) Ola Kallenius frees up cash this year to electrify its vehicle lineup. Kallenius, who has struggled to make headway on a restructuring push in his first nine months on the job, vowed to deliver “significantly” higher profit ...

Bloomberg Amazon.com Inc has asked the US Court of Federal Claims to allow it to question President Donald Trump in its lawsuit challenging the loss of a highly lucrative cloud contract. In a court filing made public, Amazon asks to question Trump and top Pentagon leaders about their role in the Pentagon’s Joint Enterprise Defense Infrastructure (JEDI) cloud contract that ...

Bloomberg Prime minister Narendra Modi’s federal ruling party conceded defeat in a hard-fought state election for control of India’s capital Delhi, the most significant test of his popularity after his religion-based citizenship law led to widespread protests across the country. The incumbent Aam Aadmi Party (AAP), led-by chief minister Arvind Kejriwal, was set to retain power as it swept ahead ...