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AED2.2bn investments on first tyre manufacturing plant in Abu Dhabi

Abu Dhabi / WAM Senior industry figures from China and the UAE celebrated the groundbreaking of the Roadbot Tyre Project Kizad (Roadbot) on Tuesday, marking the development of the first tyre manufacturing plant in the UAE and the growth of downstream industry in Kizad, Abu Dhabi’s industrial hub and part of Abu Dhabi Ports. Developed by Chinese tyre manufacturer Roadbot ...

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Sheikh Mohamed commends Emirati defence expertise

Abu Dhabi / WAM His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, has inaugurated an integrated weapon suite developed by the Advanced Military Maintenance Repair & Overhaul Center (AMMROC), to weaponise and enable Black Hawk helicopters to perform a variety of attack missions. Abu Dhabi Crown ...

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Sharjah, Finland to collaborate in education, socioeconomic areas

SHARJAH / WAM In a bid to explore new areas of collaboration in education and socioeconomic fields, and boost bilateral investment prospects between Sharjah and Finland, the Sharjah Department of Government Relations (DGR), hosted a high-level delegation from the city of Oulu, Finland, who conducted a series of visits to key government organisations, departments and entities across the emirate. The ...

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UAE, Bulgaria to enhance cooperation in key fields

Sofia / WAM Prospects of enhancing cooperation in all political, economic, security and investment sectors between the UAE and Bulgaria were reviewed at a meeting between the Prime Minister of Bulgaria Boyko Borissov and the UAE Ambassador to Bulgaria Abdulwahab Nasser Al Najjar. At the meeting, which was held at the Prime Minister’s office, Borissov affirmed his country’s participation in ...

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Labour backs vote that could trigger new Brexit referendum

Bloomberg The UK’s main opposition party is backing a plan that could open the door to a second European Union referendum, bringing the possibility of stopping Brexit a step closer. Labour leader Jeremy Corbyn proposed a series of non-binding votes in Parliament on options for how the UK can avoid a no-deal Brexit: One of those options is a new ...

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US-China trade talks fall short on make-or-break IP issues

Bloomberg Ever since negotiators from the US and China sat down in Beijing after a Christmas meltdown in global markets, President Donald Trump has sought to calm investors and claim his trade talks are making great strides. But that glosses over a more uncomfortable reality. According to people close to the discussions, the two sides have so far made little ...

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‘US seeking Huawei CFO’s extradition’

Bloomberg The US has indicated it will pursue the extradition of a top Huawei Technologies Co. executive, Canada’s ambassador to Washington said, suggesting the case might not be resolved in trade talks with China. Ambassador David MacNaughton confirmed in an email that US officials have continued to signal an intent to follow through on the case against Huawei Chief Financial ...

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Singapore to focus on health, infrastructure in budget

Bloomberg Singapore’s finance minister said next month’s budget will focus on infrastructure spending, healthcare for an aging population, and helping businesses transition to a digital economy. “We want to be able to continue to invest in education, the healthcare of our people, and in taking care of the growing number of seniors,” Heng Swee Keat said in an interview with ...

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Facebook scandals put US watchdog’s power at stake

Bloomberg Facebook Inc’s repeated privacy scandals have infuriated users, lawmakers and data-security advocates who are clamouring for a forceful government response. That job mainly falls to Joe Simons, who is under pressure to satisfy doubters or risk sidelining his agency as the nation’s chief privacy watchdog. The chairman of the Federal Trade Commission talked tough when he took over the ...

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TomTom to sell telematics unit to Bridgestone for $1bn

Bloomberg TomTom NV will sell its Telematics fleet-management business to tire manufacturer Bridgestone Corp for 910 million euros ($1 billion), freeing up resources to battle the likes of Alphabet Inc. for access to mapping technology in car dashboards. The sale is a big step in TomTom’s shift to location technology as customers ditch the personal navigation devices that made the ...

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