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Bloomberg Wirecard AG Chairman Wulf Matthias resigned after months of controversy over the digital payments company’s accounting practices. Matthias stepped down as chairman of the supervisory board for personal reasons, and will be replaced by Thomas Eichelmann, the Aschheim, Germany-based company said Friday in a statement. Matthias will remain a member of the board. The payment processor’s shares have whipsawed ...

Bloomberg Amazon.com Inc said it had fired employees for leaking customer email addresses and phone numbers to an unspecified third party, the second time this week the technology giant acknowledged some workers had improperly accessed customer data. “We are writing to let you know that your email address and phone number were disclosed by an Amazon employee to a third ...

ABU DHABI / WAM The number US companies’ foreign branches operating in the UAE grew by around six percent from 2016 to 2018, reflecting the Emirates’ leading position as a centre of regional trade and economic activities. According to statistics from the Ministry of Economy, this number grew from 270 branches in 2016 to 286 by the end of 2018. ...

DUBAI / Emirates Business Dubai Airport Freezone Authority (Dafza) on Wednesday announced that it contributed 12% of Dubai’s AED 1.02 trillion foreign trade in the first nine months of 2019. The results highlight the success of Dafza’s strategic projects that have played a role in supporting Dubai’s economic growth and enhancing its GDP. Dafza’s operational performance supported the increase in ...

DUBAI / WAM The UAE has so far invested AED1 trillion ($270 billion) in airport infrastructure development projects highlighted the General Civil Aviation Authority’s Director-General. In a statement released by the UAE aviation authority, Saif Mohammed Al Suwaidi said such investments span development projects across the country and a fleet of 884 commercial aircraft. The aviation sector is experiencing significant ...

ABU DHABI / WAM The Ministry of Foreign Affairs and International Cooperation said it was closely following regional developments, and reaffirmed the importance of de-escalating current tensions. In a statement issued on Wednesday, the ministry stressed the importance of dialogue and political solutions in the current situation. It also confirmed that recent developments will not affect citizens, residents or visitors ...

Abu Dhabi / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, and His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, have officially launched the ‘Seven Lines’ logo as the UAE Nation Brand. The ...

ABU DHABI / WAM Abu Dhabi Convention & Exhibition Bureau, ADCEB, and PCMA have signed a strategic training and partnership agreement at the PCMA Convening Leaders 2020 conference, which was held this week in San Francisco, USA. As part of the agreement, PCMA will support ADCEB – which is part of the Department of Culture and Tourism – Abu Dhabi, ...

Abu Dhabi / WAM Miral, an Abu Dhabi Government-backed developer, on Wednesday finalised a partnership with Etihad Airways, the national airline of the United Arab Emirates, to secure exclusive naming rights of Yas Bay Arena. As part of the agreement, Abu Dhabi’s first-of-its-kind multi-purpose, indoor entertainment venue will officially be named Etihad Arena. Tony Douglas, Group Chief Executive Officer of ...

Abu Dhabi / WAM The Climate Innovations Exchange forum (CLIX), a global platform for gathering investors and people with innovative ideas related to climate change, has attracted 75 investment projects worth US$71.4 million since its formation in 2018. In a statement to the Emirates News Agency, WAM, Dr Thani bin Ahmed Al Zeyoudi, Minister of Climate Change and Environment, highlighted ...