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Abdullah bin Zayed participates in Quad meeting on Yemen

LONDON / WAM His Highness Sheikh Abdullah bin Zayed Al Nahyan, Minister of Foreign Affairs and International Cooperation, Jeremy Hunt, Foreign Secretary of the United Kingdom, Adel Al Jubeir Minister of State for Foreign Affairs of the Kingdom of Saudi Arabia, and David Satterfield, United States acting assistant secretary of state for Near Eastern Affairs, met on Saturday in London ...

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Arabian Travel market brings over 2,500 exhibitors to Dubai

DUBAI / WAM Hospitality professionals from every corner of the world will gather in Dubai on Sunday for the opening of Arabian Travel Market, (ATM 2019), the largest travel industry exhibition in the Middle East. Identifying the top tourism trends showing the greatest growth potential is one of the most valuable insights Arabian Travel Market has to offer, and this ...

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Dubai SME provides $234m contracts to GPP members

Dubai / WAM The total value of contracts provided by Dubai SME – the agency of the Department of Economic Development in Dubai mandated to develop the small and medium enterprises, SME, sector — for Government Procurement Programme (GPP), members amounted to AED860 million ($234 million) in 2018. The value was AED1.5 billion in 2017, 44.5% higher than the AED857.76 million ...

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Trump urges Japan to drop agriculture tariffs in Abe meet

Bloomberg President Donald Trump urged Japan to drop its tariffs on American agricultural products as he met PM Shinzo Abe, who for now appears to have deflected the most damaging of US demands on trade. Trump pushed for the end of the Japanese agricultural levy, while not directly mentioning past threats of sanctions on automobiles. For his part, Abe raised ...

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Singapore’s Best World tumbles after short seller report

Bloomberg Best World International Ltd plunged to its lowest in six months after activist short seller Bonitas Research published a report questioning the company’s accounting and sales. The Singapore-based firm has overstated sales and profit in China, Matthew Wiechert’s Bonitas said in the report, which was based on on-the-ground research on the Chinese mainland. Bonitas believes that Best World’s “Chinese ...

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Trump gets GDP boost he needs for 2020

Bloomberg President Donald Trump’s re-election hopes have always hinged on supercharging the US economy, and data showing faster than expected growth provided him a boost just as he prepares to ramp up his campaign. Trump heralded the Commerce Department report that gross domestic product rose at a 3.2 percent annual rate in the first quarter of 2019 — describing it ...

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Uber set to hit the road for year’s biggest IPO

Bloomberg Over the past decade, Uber Technologies Inc. proved itself to be one of the most prolific young fundraisers ever. It pulled together more than $20 billion from private investors. After burning through more than half that amount in just the last three years, Uber will soon see whether it can recreate that magic on the stock market. The ride-hailing ...

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Musk, SEC settle legal fight over tweets about Tesla

Bloomberg A regulatory fight over Elon Musk’s tweeting habit may be over — at least for now. Tesla Inc.’s chief executive officer and the US Securities and Exchange Commission said in a court filing that they are settling a legal dispute over how Musk posts news about his electric-car company, avoiding a decision by a federal judge in New York ...

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Sanchez front-runner as ‘Spain’ charts political path

Bloomberg For many Spanish voters now mulling their choice for prime minister, Pedro Sanchez, the incumbent, has made the most convincing case. Since calling a snap vote almost two months ago, the Socialist leader has watched opinion polls move in his favour. As voters contemplate their options on what is officially a “day of reflection” after the formal election campaign ...

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UAE presents an ideal model for supporting youth, says VP

DUBAI / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, inaugurated the headquarters of the Federal Youth Authority (FYA), at the Emirates Towers, Dubai. His Highness also approved FYA’s operational plan and initiatives that aim to utilise the youth’s capabilities and creativity so that they can become ...

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