Bloomberg An Irish company that buys and leases airplanes sued Boeing Co. in the US to void contracts for almost two dozen 737 Max aircraft and to demand at least $185 million in damages, citing design flaws that led to two deadly crashes. Timaero Ireland Ltd., based in Dublin, sued Boeing in federal court in Chicago, alleging fraud and breach ...

Bloomberg The US and China are arranging the formal signing of the first phase of a broader trade deal between the world’s two biggest economies, President Donald Trump said after discussions between him and his counterpart, Xi Jinping. “Had a very good talk with President Xi of China concerning our giant Trade Deal. China has already started large scale purchases ...

AJMAN / WAM His Highness Sheikh Humaid bin Rashid Al Nuaimi, Supreme Council Member and Ruler of Ajman, has issued Emiri Decree No. 10 of 2019, passing the Ajman Government General Budget for the fiscal year 2020. The value of the budget (without deficit) totals AED1.752 billion. According to HH Sheikh Ammar bin Humaid Al Nuaimi, Crown Prince of Ajman ...

Bloomberg Oil erased almost an entire week of advances as chart-watching traders tested a key price barrier. Futures in New York fell 1.2%, a day after closing at a three-month high. Selling accelerated after a foray above $61 a barrel petered out, a bearish technical signal. The next key threshold is at the $60 level, traders said. On the fundamental ...

Bloomberg Information on 267 million Facebook users, including user names, phone numbers and Facebook IDs, was exposed online, according to a cybersecurity researcher. The data, mostly from US Facebook users, was posted on a searchable database by a group that appeared to be based in Vietnam, said Bob Diachenko, the cyber threat intelligence director at Security Discovery, a Ukrainian cybersecurity ...

Dubai / Emirates Business Dubai Islamic Economy Development Centre (DIEDC) held its fourth and last board meeting for 2019, chaired by Sami Al Qamzi, Vice Chairman of DIEDC and Director General of the Department of Economic Development in Dubai, on behalf of His Excellency Sultan bin Saeed Al Mansouri, Minister of Economy and Chairman of DIEDC. Summing up DIEDC’s performance ...

Abu Dhabi / WAM As part of the recently launched ‘For Abu Dhabi’ initiative, the Department of Municipalities and Transport (DMT), officially unveiled a new piece of large-scale commissioned artwork at Marsa Al Bateen. The mural, painted by world-renowned Brazilian muralist Eduardo Kobra, depicts faces from a variety of ethnicities that represent the diversity of the nation and embodies the ...

Dubai / WAM Expo 2020 Dubai signed AS World Group Ltd (DIFC), as an ‘Authorised Ticket Reseller’ for the world’s greatest show taking place from October 20, 2020 to April 10, 2021. Sanjive Khosla, Expo 2020 Dubai Chief Commercial Officer, and Sajid Barkat, AS World Group Chief Executive Officer, signed an agreement to this effect at the Expo 2020 Dubai ...

Abu Dhabi / WAM The Global Council for Tolerance and Peace (GCTP), and the United Nations, UN, Alliance of Civilizations (UNAOC), signed a Memorandum of Understanding (MoU)  for action to step up cooperation towards promoting values of tolerance and a culture of peace. The Memorandum of Understanding, MoU, was signed by Ahmed bin Mohammed Al Jarwan, President of the GCTP and Miguel ...

FUZHOU / WAM The UAE’s Ministry of Climate Change and Environment (MOCCAE), and China’s National Engineering Research Centre for Juncao on Saturday inked a letter of intent to promote cooperation in sustainable agriculture with the aim of enhancing food diversity through leveraging agritech for desert farming. The signing took place on the sidelines of a four-day official visit of a UAE ...