Bloomberg Boeing Co. said it was hit by a cyberattack, following a Seattle Times report that some manufacturing equipment used to build its 787 Dreamliner and newest 777 wide-body jets could be crippled. Aircraft production and deliveries aren’t affected, the Chicago-based planemaker said. Some reports on the attack “are overstated and inaccurate,” said Linda Mills, a spokeswoman at Boeing’s commercial ...

Bloomberg Amazon.com Inc. cut ties with Washington’s biggest lobbying firm and brought on new advisers following passage of the tax overhaul bill in 2017 and in the face of new challenges in the age of President Donald Trump. The shakeup occurred a week before Trump briefly sent Amazon’s stock tumbling with a Twitter attack on the world’s largest online retailer. ...

Bloomberg Saudi Arabia and SoftBank Group Corp. signed a memorandum of understanding to build a $200 billion solar power development that’s exponentially larger than any other project. SoftBank founder Masay-oshi Son, known for backing ambitious endeavors with flair, unveiled the project in New York at a ceremony with Saudi crown prince Mohammed bin Salman. The kingdom is seeking to diversify ...

ABU DHABI / WAM The Central Bank has announced that the Money Supply aggregate M1 increased by 2.3 percent, from AED498 billion at the end of January 2018 to AED509.7 billion at the end of February 2018. In a statement, the bank said, “The Money Supply aggregate M2 increased by 0.6 percent, from AED1277.2 billion at the end of January ...

ABU DHABI / WAM The UAE has pledged AED1.84 billion ($500 million), to support the United Nations 2018 Yemen Humanitarian Response Plan (YHRP) which aims to reach more than 13 million underprivileged individuals in Yemen. The move is part of the Saudi-led Arab Coalition to alleviate the suffering of Yemeni people from the Iranian-backed Houthi militias. The coalition has announced ...

DUBAI / Reuters Mubadala Investment Company has signed a deal with Greece’s New Economy Development Fund, known as Taneo, to create a 400 million euro ($496 million) co-investment platform, the Abu Dhabi state fund said on Wednesday. Under the agreement, Taneo and Mubadala will each contribute 200 million euros to invest in businesses with growth potential across key sectors of ...

Abu Dhabi / WAM The Ministry of Economy is predicting a rise in the share of the non-oil sector in the UAE’s GDP to 80% by 2021, compared to 70 percent in 2017 while stating that the UAE has the most diverse economy in the GCC region. It added that the country’s seven emirates have their own economic priorities, despite ...

Dubai / WAM The Ministry of Economy will organise a promotional seminar during the first International Import Expo which will be held in Shanghai, China, next November, where the UAE will participate through an official and commercial delegation led by the ministry that will include local authorities and major exporters, as well as entrepreneurs who are leaders of small and ...

DUBAI / Reuters Dubai Aerospace Enterprise (DAE), a government-controlled company, is raising a $400 million loan arranged by Ahli Bank of Kuwait, sources familiar with the matter said. DAE has become one of the world’s largest aircraft lessors after acquiring Dublin-based AWAS last year. The acquisition tripled the Dubai aircraft leasing and maintenance company’s portfolio to about 400 aircraft worth ...

DUBAI / Reuters DP World has not received an offer from Djibouti to buy its stake in the Doraleh Container Terminal, a spokesman for the port operator said on Wednesday after a Djiboutian official said the stake could be bought. The DP World spokesman also said the Dubai-owned company would consider it illegal if any company entered into any agreement ...