Hadramaut / WAM The Emirates Red Crescent (ERC) on Monday distributed food supplies in a number of student dormitories at the Medical Sciences Institute, the Trim and Al Soum secondary schools for boys and the Vocational Institute at Hadramaut Valley as part of the Student Relief Programme provided by the UAE in support of the brotherly people of Yemen. Saeed ...

Abu Dhabi / WAM The Ministry of Finance (MoF) has announced that the Federal Financial System has been updated and is ready to manage all financial transactions related to the value added tax (VAT). All federal entities linked to the Federal Financial System are able to perform various VAT-related transactions through the system, which has been updated in conjunction with ...

Egypt / Emirates Business Dr Ismail Abdel Ghafar, President at the Arab Academy for Science, Technology and Maritime Transport (AASTMT) and Marasi News signed a protocol for media collaboration that aims at highlighting the great economic capabilities infatuated by the Arab maritime sector. The agreement also reinforces the strategic role of the Arab Academy as one of the most important ...

Bloomberg Huawei Technologies Co. warned of its slowest revenue growth since 2013, despite making headway against Apple Inc. in global smartphones. Revenue at China’s biggest telecommunications gear maker probably rose 15 percent to $92 billion in 2017, rotating Chief Executive Officer Ken Hu said in a letter to staff posted on the company’s verified WeChat account. That’s down from 2016 ...

Bloomberg Fosun Group is planning to raise as much as $3.2 billion selling local bonds as the Chinese insurance-to-pharmaceutical conglomerate refinances debt and increases its investments inside the country, according to people familiar with the matter. Fosun unit Shanghai Fosun Hi Technology Group Co. intends to offer 6 billion yuan of medium-term notes after completing registration in 2017, the people ...

Bloomberg Singapore’s economy expanded 3.5 percent in 2017, more than double the initial government forecast as the country benefited from the global economic upswing, Prime Minister Lee Hsien Loong said in his New Year message. Lee said the city-state would press on with economic restructuring and infrastructure projects such its fifth airport terminal as well as review healthcare policies to ...

Bloomberg A Chinese court has seized all the assets owned by LeEco founder Jia Yueting it could unearth, as the country’s legal bodies step up action against an internet entrepreneur who once declared war on Apple and Tesla Inc. The Beijing First Intermediate People’s Court seized more than $200,000 in bank deposits, the court said in a statement posted on ...

Bloomberg Vietnam is deploying a 10,000-member military cyber warfare unit to combat what the government sees as a growing threat of “wrongful views” proliferating on the internet, reports local media. Force 47 has worked pro-actively against distorted information, Tuoi Tre newspaper reported, citing Nguyen Trong Nghia, deputy head of the general politics department under the Vietnam People’s Military. The National ...

Bloomberg Apple Inc. Chief Executive Officer Tim Cook received a 74 percent increase in his annual bonus for fiscal 2017 as the iPhone maker posted higher revenue and net income, after a rare decline a year earlier. Cook’s incentive pay totalled $9.33 million for the year ended on September 30, 2017, the Cupertino, California-based company said in a regulatory filing. ...

Bloomberg For Advanced Micro Devices Inc. bulls, 2017 was a year to forget. AMD finished the year dead last in the Philadelphia Semiconductor Index after quadrupling in 2016. The gains catapulted the chipmaker to the best return among technology companies in the Nasdaq Composite Index. It also ratcheted up expectations for financial performance that AMD was unable to meet. “Expectations ...