Dubai / WAM Mattar Al Tayer, Director-General and Chairman of the Board of Executive Directors of the Roads and Transport Authority (RTA), revealed that public transport means in Dubai carried 277.91 million passengers in the first half of this year. The figure shows a steady growth compared with those reported during the same period last year amounting to 275.242 million ...

Dubai / WAM The Ministry of Climate Change and Environment (MOCCAE), and Fish Farm LLC, signed a Memorandum of Understanding (MoU), authorising the latter to operate a fish hatchery at the ministry’s Marine Environment Research Centre in Umm Al Qaiwain. Sultan Alwan, Assistant Under-Secretary of the Regions Sector at MOCCAE, and Bader bin Mubarak, CEO of Fish Farm, signed the agreement, ...

Bloomberg Chinese e-commerce operator Pinduoduo Inc. rose as much as 44 percent on its first day of trading in New York after selling raised $1.6 billion in the fourth-largest US initial public offering this year. The shares, which priced at the top of the marketed range in the IPO, were up 36 percent to $25.88 in New York. The shares ...

Bloomberg One of the main deals announced between Russian President Vladimir Putin and his US counterpart Donald Trump at their summit in Helsinki — coordinated steps to help stabilise the situation in Syria — is already running into trouble. Facing a storm of criticism in Washington of their meeting, the two leaders touted the agreement to reduce Iran’s role in ...

Bloomberg US Special Counsel Robert Mueller named 35 potential witnesses who may be called to testify in the tax- and bank-fraud trial of former Trump campaign chairman Paul Manafort, including his right-hand man Rick Gates. The list, filed in federal court in Alexandria, Virginia, hints at how the first trial stemming from Mueller’s probe into Russian meddling may unfold. The ...

Bloomberg As she departs the sweltering heatwave that’s hit London this summer for a break with her husband, Theresa May is — for now — in a position of relative safety. The UK’s rolling Brexit crisis is temporarily becalmed and the British prime minister can afford to take a holiday. What’s certain, though, is that the peace will not last. ...

Bloomberg Slovak prosecutors indicted far-right leader Marian Kotleba for promoting racism and Nazi ideology, as the European Union member state witnesses a surge in populist, anti-immigrant political forces. Kotleba, a lawmaker and the chairman of the People’s Party, was indicted after sponsoring an event last year during which he gave a charity a check for 1,488 euros, a number that ...

Bloomberg Breaking the dynastic hold on Pakistani politics, former cricket hero Imran Khan won the most seats in an election tarred by widespread allegations of rigging and military interference. Khan’s Pakistan Tehreek-e-Insaf, or Movement for Justice party, clinched at least 115 national seats, according to results released by the Election Commission of Pakistan. He beat the incumbent Pakistan Muslim League-Nawaz ...

Bloomberg India’s foreign exchange reserves may soon drop below the $400 billion mark for the first time since November as the central bank steps up action to shore up one of Asia’s worst-performing currencies. Reserves have steadily declined by $21 billion from a record peak of $426 billion in mid-April, and official data showed it was little changed in the ...

Bloomberg Deutsche Bank AG is cutting dozens of employees and consolidating space at its Chicago office as part of a broader plan to shrink its US operations, according to people briefed on the matter. The German lender’s Chicago office — which houses units including front-office trading, operations and treasury — will be reducing headcount, said the people, who asked not ...