Blog List Layout

Bloomberg On August 28, 2000, Apple’s hottest product was a candy-coloured computer, Donald Trump was a New York real estate mogul and General Electric was worth some $600 billion. Apple and Trump have gone on to greater things. GE? It’s on the verge of a staggering milestone: a half-trillion dollars in market value wiped out since that all-time high 18 ...

Bloomberg Aston Martin pared back its supercharged stock-market ambitions ahead of a planned initial public offering this week, lowering the top end of its targeted range by about 11 percent. The new goal is 18.50 to 20 pounds ($24-$26) per share, the luxury car maker said in an emailed term sheet. Previously, the company had set a range of 17.50 ...

Bloomberg With a price tag of $75,000 a night, the Mark Hotel is now offering the most expensive hotel suite in America. Built in 1927, this iconic Upper East Side hotel underwent a major renovation from 2006 to 2009. While the historic exterior was untouched, the entire inner workings of the building were replaced, with interiors rethought by famed designer ...

ABU DHABI / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, the Vice President and Prime Minister of UAE and Ruler of Dubai, on Sunday chaired the UAE cabinet meeting, where a zero-deficit federal budget of AED180 billion ($49 billion) for the next three years (2019-2021) was approved. The session was attended by HH Lt. General Sheikh Saif bin Zayed ...

Sharjah / WAM As part of the latest in a series of ongoing global networking efforts to showcase the strength of Sharjah’s economy as a haven for foreign investors in its diverse economic sectors, a high-level delegation from the emirate, led by Sheikh Fahim bin Sultan Al Qasimi, Chairman of the Department of Government Relations of Sharjah, recently completed a ...

Dubai / WAM Since it was opened in 1960, Dubai International Airport (DXB), has welcomed nearly one billion travellers, becoming one of the world’s busiest airports, said the airport operator Dubai Airports in a statement on the occasion of the 58th birthday anniversary of the airport. ”Today, 58 years and 974,461,017 customers later, DXB is the world’s busiest international airport ...

Abu Dhabi / WAM His Highness Sheikh Hamdan bin Rashid Al Maktoum, Deputy Ruler of Dubai, UAE Minister of Finance and Chairman of Etihad Credit Insurance (ECI), Board of Directors, lauded ECI’s efforts during the first seven months of its operations, signifying a strong start to the vital role it plays in supporting the country’s exports activity and the development ...

ABU DHABI / WAM Under the patronage of His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, and in partnership with the Saudi Commission for Tourism and National Heritage (SCTH), Louvre Abu Dhabi hosts ‘Roads of Arabia: Archaeological Treasures of Saudi Arabia’, the second international exhibition on ...

Bloomberg Pyongyang won’t dismantle its nuclear weapons until it has “sufficient trust” with the US, North Korea’s top diplomat told the United Nations General Assembly, pressuring the Trump administration to drop its “coercive methods” such as sanctions. The remarks by North Korea Foreign Minister Ri Yong Ho underscored lingering friction between the nations amid signs their diplomats have resumed talks ...

Bloomberg Two gauges of activity in China’s manufacturing sector worsened in September, reflecting the nation’s economic slowdown and the fallout from the trade war with the US. The official manufacturing purchasing managers index (PMI) stood at 50.8 in September versus 51.3 in August, lower than the median estimate of 51.2 in a Bloomberg survey of economists. The Caixin manufacturing PMI, ...