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Bloomberg Apple Inc. Chief Executive Officer Tim Cook received a 74 percent increase in his annual bonus for fiscal 2017 as the iPhone maker posted higher revenue and net income, after a rare decline a year earlier. Cook’s incentive pay totalled $9.33 million for the year ended on September 30, 2017, the Cupertino, California-based company said in a regulatory filing. ...

Bloomberg The longest winning streak in two decades propelled cotton to 2017’s biggest increase among crop commodities, and hedge funds are ready for more gains in 2018. Of the nine components tracked by the Bloomberg Agriculture Subindex, only cotton and wheat contracts posted gains last year. The fibre lead the way with an 11 percent advance as demand grew for ...

Bloomberg In the year that President Donald Trump pulled out of the Paris accord and downplayed global warming as a security threat, the US received a harsh reminder of the perils of the rise in the planet’s temperature: a destructive rash of hurricanes, fires and floods. The country recorded 15 weather events costing $1 billion or more each through early ...

DUBAI / Agencies The death toll in a wave of protests that have agitated Iran over the past five days climbed, as security forces clashed with demonstrators rallying in a rare show of displeasure with the country’s leaders. As many as a dozen people may have died. Calls for more demonstrations raise the possibility of prolonged instability. “In the events ...

DUBAI / WAM Seventeen new judges including five Emiratis at the Dubai first instance courts have sworn-in before His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of UAE and Ruler of Dubai, at Zabeel Palace. HH Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of Dubai Executive Council, and ...

DUBAI / WAM The Library of Alexandria has established the Arab Reading Challenge (ARC) wing with 150,000 books in various genres including fiction, history, science and more. The initiative was launched under the Mohammed bin Rashid Al Maktoum Global Initiatives, with the signing of an agreement between Arab Reading Challenge and the Library of Alexandria. Saeed Al Eter, Assistant Secretary-General ...

Dubai / Emirates Business Emirates NBD on Wednesday announced the signing of an agreement to offer clearing services to UAE-based brokerage firm Shurooq Stocks and Bonds. Emirates NBD is the first UAE-based financial services entity to be approved by the Securities and Commodities Authority, SCA, as a ‘General Clearing Member’ providing clearing and settlement services to trading participants of the ...

Abu Dhabi / WAM Abu Dhabi Airports signed on Wednesday a Memorandum of Understanding (MoU), between Abu Dhabi International Airport (AUH), and Beijing Capital International Airport (BCIA), to become sister airports, strengthening the cooperation and ties between the two international aviation hubs. Abdul Majeed Al Khoori, Acting Chief Executive Officer of Abu Dhabi Airports and Liu Xuesong, Chairman of BICA ...

ABU DHABI / Emirates Business Miral announced on Wednesday the appointment of BAM International as it’s chosen main contractor for the arena, plaza, and nearby retail and F&B spaces planned for the upcoming Yas Bay development. The development of the arena has started earlier this year, and is scheduled for completion by end of 2019. The arena is part of ...

Bloomberg Homeowners in states with the highest property taxes are looking to prepay 2018 bills ahead of a $10,000 cap on the deduction for state and local levies, including property taxes, in the GOP tax overhaul President Donald Trump just signed. In New York, residents are peppering local officials with questions about how to prepay their 2018 property tax bills ...