Blog List Layout

Bloomberg After more than a year of vicious accusations and a flurry of lawsuits and counter claims, Apple Inc. and Qualcomm Inc’s multi-billion-dollar legal dispute is about to get serious. Hearings in the three most important markets — US, China and Germany — will soon determine whether Apple’s attempt to save itself billions in technology licensing payments by forcing one ...

Bloomberg Some US companies anxious for exclusions from Donald Trump’s tariffs are turning to creative ways to get the president’s attention. One Texas steel pipe maker is promising that it will invest millions and hire new workers in return for a temporary break on tariffs. It’s also offering its employees cash prizes for writing the best postcards to Trump advocating ...

Bloomberg China isn’t officially represented in the historic talks between US President Donald Trump and North Korean leader Kim Jong-un, but that hasn’t stopped Beijing from making its presence felt. Kim arrived in the city state on Sunday aboard a Boeing 747 operated by Air China Ltd., China’s state-run flagship carrier. The flight was both a potent display of China’s ...

ABU DHABI / WAM Masdar City’s Etihad Eco-Residence has won the Green Residential Building award at the Emirates Green Building Council (EmiratesGBC) Middle East and North Africa (Mena) Green Building Awards 2018. A team from Multiplex Constructions LLC, which built the complex, received the award for the Masdar-developed project at a ceremony in Dubai. Designed by project partners Woods Bagot ...

Dubai / WAM Smart Dubai has begun carrying out the first phase of the Dubai Paperless Strategy, which seeks to digitise internal and external transactions at government offices, and save time and effort for employees and customers. The initiative was launched in early 2018 by His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and ...

Dubai / WAM SHUAA Capital, the UAE’s premier integrated financial services firm, and National Bonds, a leading savings and investment company, have announced plans to launch a joint venture in the Kingdom of Saudi Arabia. A Memorandum of Understanding (MoU) was signed recently by both parties detailing their commitment to offer savings and investments schemes in Saudi Arabia. By combining ...

Abu Dhabi / WAM Abu Dhabi Islamic Bank (ADIB), has won the title of ‘World’s Best Islamic Bank’ in The Banker Magazine’s Awards for Islamic Banks in 2018 the highest accolade that the Financial Times-owned publication awards to Islamic banks. ADIB also won two regional awards for ‘Islamic Bank of the Year – UAE’ and ‘Islamic Bank of the Year ...

Bloomberg Chinese President Xi Jinping and Indian Prime Minister Narendra Modi committed to continue improving ties between Asia’s most populous countries in a bilateral meeting on the sidelines of a summit in China. Xi was hosting leaders of the Shanghai Cooperation Organization (SCO) in the coastal city of Qingdao over the weekend. The China-led grouping includes India, Russia, Pakistan and ...

Bloomberg After hastily withdrawing their new messaging app amid glaring security flaws, an Indian billionaire and his penurious yoga guru partner are about to have another go at it. Acharya Balkrishna, who collaborated with celebrity yogi Baba Ramdev to build an Indian consumer goods empire, plans a formal release of the Kimbho messenger app within weeks as he tries to ...

Bloomberg Argentina secured a $50 billion stand-by arrangement from the International Monetary Fund to help restore investor confidence as the government takes aim at double-digit inflation and a widening budget deficit. The rescue program’s size, which would run for 36 months, is the largest ever in IMF history though it will depend on how much the government taps. It comes ...