Blog List Layout

  Dubai / WAM Dubai attracted 14.9 million overnight visitors in 2016, recording a healthy five percent increase over 2015, and an impressive four-year (2012-2016) compound annual growth rate or CAGR of eight percent since Vice President and Prime Minister and Ruler of Dubai, His Highness Sheikh Mohammed bin Rashid Al Maktoum, launched the 2020 tourism strategy. According to the Department ...

  Bloomberg Anyone expecting more from the Donald Trump rally in metals should probably consider just how much $1 trillion in government spending will actually buy. That’s the amount the new US president pledged to expand and rebuild American infrastructure like roads and airports over the next decade. While Trump has yet to make a formal proposal to Congress, investors ...

  Bloomberg Jawbone Inc. isn’t backing down in its legal fight with Fitbit Inc., asserting in a court filing that its rival is under investigation by a criminal grand jury for theft of trade secrets. The two pioneers in wearable activity trackers have been embroiled in legal battles since May 2015, when Jawbone accused Fitbit in a lawsuit of plundering ...

  Bloomberg China’s doors to foreign investors may be opening ever wider, but that’s not enough for many worried about finding an exit. Fourteen months after qualifying for official reserve-currency status, and after a series of steps opening up domestic markets to overseas funds, the take-up remains below estimates. For all China’s attraction as the second-largest economy with large and ...

  Bloomberg Hyundai Merchant Marine Co., South Korea’s biggest sea carrier, said it will post losses through the first half of 2018 as the container-shipping industry attempts to recover from Hanjin Shipping Co.’s bankruptcy and years of excess capacity. As a hedge against adverse conditions plaguing shipping, Hyundai Merchant has initiated talks to invest in box terminals in Southeast Asia, ...

  Bloomberg Harvard University raised $1.2 billion from donations, a record for the world’s richest college. The haul was erased by $2 billion in investment losses and spending. Harvard’s take was the most by any US university as colleges collected an unprecedented $41 billion in fiscal 2016, the New York-based Council for Aid to Education, which tracks university giving, said ...

  Bloomberg US solar-industry employment in 2016 grew at the fastest pace in at least seven years, with growth in all sectors including manufacturing, sales and installations, as demand for clean power swelled. One out of every 50 new American jobs last year was in the solar industry, which now employs more than 260,000 workers, according to an annual report ...

  Abu Dhabi / WAM The UAE, led by President His Highness Sheikh Khalifa bin Zayed Al Nahyan, places food security at the top of its policy priorities and is proceeding to deliver the highest possible rates for national food security and its sustainability, said His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy ...

  Dubai / WAM His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of Dubai Executive Council, attended on Monday the official opening of the United Nations Secretary-General’s High Level Panel ‘HLP’ meeting on Women’s Economic Empowerment at the Four Seasons Resort, Dubai. Convening for the first time in MENA region, the High Level ...

  WASHINGTON / AP Lawyers for Washington state and Minnesota have told a federal appellate court that restoring President Donald Trump’s ban on refugees and travelers from seven predominantly Muslim countries would “unleash chaos again.” The filing with the 9th U.S. Circuit Court of Appeals in San Francisco came early Monday after the White House said it expected the federal ...