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Dubai / WAM The UAE Cabinet, chaired by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, has adopted a resolution to support the industrial sector by introducing reduced fees of electricity consumption for large, medium and small factories. “We launched today an initiative to support the industry sector and ...

ABU DHABI / WAM­­­­­ Abu Dhabi Global Market (ADGM) considers it essential to develop alternative financing solutions to bridge the commercial funding gap in the UAE and the Middle East and North Africa Region, Richard Teng, the Chief Executive Officer of Financial Services Regulatory Authority (FSRA) at ADGM. Speaking to the Emirates News Agency (WAM), on the ADGM FinTech Abu ...

DUBAI / WAM Dubai Silicon Oasis (DSO), the integrated free zone technology park, will explore the future of smart cities and their success factors at its third quarterly Dtec Forum of 2018. Set to run on September 18 at the Dubai Technology Entrepreneur Centre (Dtec), the largest technology incubation hub in the region that is wholly owned by Dubai Silicon ...

Bloomberg Moon Jae-in has more than world peace riding on a successful summit with North Korean leader Kim Jong-un this week: His domestic agenda is also at stake. Moon’s trip to North Korea’s capital—the first such visit by a South Korean leader in 11 years—will again test his ability to bridge the gap between two volatile leaders, Kim and US ...

Bloomberg With a suite of new devices and a market value of $1 trillion, Apple Inc. has given its investors cause to celebrate. That’s not the case for a number of its suppliers in Taiwan which have suffered from stagnating shipment growth. General Interface Solution Holding Ltd. is the worst performer in the MSCI Taiwan Index over the past year, ...

Bloomberg Hong Kong tycoon Victor Li’s CK Infrastructure Holdings Ltd., which owns energy and water utilities globally, is considering listing some UK assets through a London initial public offering, according to people with knowledge of the matter. CK Infrastructure (CKI) is speaking with investment banks about the listing of certain UK holdings through a potential multibillion-dollar fund, said the people, ...

Bloomberg A Duke Energy Corp. landfill near Wilmington, North Carolina, failed under the assault of Tropical Storm Florence, spilling about 2,000 cubic yards of coal ash that can carry toxic mercury, arsenic and lead. Authorities said they would investigate whether the pollutant had reached the Cape Fear River, but said it was not yet safe to inspect the site. As ...

Bloomberg Aston Martin Chief Executive Officer Andy Palmer said that Brexit is “a disaster for the industry on both sides of the Channel if there is no negotiated exit.” Palmer, a former executive at Japan’s Nissan Motor Co., spoke in an interview with the Mail on Sunday. He joins Jaguar Land Rover CEO Ralf Speth in calling out the risks ...

Bloomberg The world’s biggest app stores are facing increasing pushback by developers over the high costs they charge for connecting their games with users — and new gaming platforms are looking to swoop in. Tallinn-based Ultra will take 15 percent from sales it generates through its digital store, in a bid to challenge companies such as Alphabet Inc.’s Google, Apple ...

Sharjah / WAM In line with Sharjah’s development and strategic objectives to enhance economic diversification, the Sharjah FDI Office (Invest in Sharjah) concluded its participation in three leading global investment events which were held in Xiamen and Shanghai, China. The three exhibitions set the stage for discussions on common investment and business interests between both parties and presented “Invest in ...