News

Dubai / WAM UAE leads globally as the country with the highest fibre to the home (FTTH), penetration for a third year in a row making it a digital hub for innovation with an advanced network that has helped transform and bring innovative future technologies to all its subscribers. FTTH has reached 95.7 percent of homes across the UAE, maintaining ...

Dubai / WAM Dubai Airports has advised customers flying out of the emirate this weekend to arrive early at the airport, as Dubai International (DXB), prepares to welcome over one million travellers between Thursday an Sunday. In a statement, Dubai Airports said that it is working with airlines and other service partners to ensure a smooth flow of traffic through ...

Abu Dhabi / Emirates Business The third edition of Agriscape, the international exhibition dedicated to food security and agricultural investments, concluded on Tuesday at Adnec. The invitation-only event drew the participation of 50 exhibitors offering agri-land and agri-assets in 22 countries and 300 visitors and buyers from 37 countries, including the UAE, Saudi Arabia, Kuwait, Oman, Singapore, USA, and Russia. ...

Dubai / WAM Smart Dubai has launched UAE ‘Residency’ application services in partnership with the General Directorate of Residency and Foreigners Affairs in Dubai via its Dubai Now application and e-services platform, which allows the emirate’s residents to conduct city transactions from the convenience of their smartphones. The ‘Residency’ service facilitates the transactions and procedures required to issue residency visas ...

Dubai / WAM The Emirates National Oil Company Group (Enoc), on Tuesday announced the signing of an evergreen aviation fuel supply agreement with Indian Oil Corporation (IOC), the largest commercial oil and gas company in India. The strategic agreement builds on the strong partnership that Enoc and IOC have fostered over the last two years. With the evergreen contract, IOC will provide ...

ABU DHABI / WAM A high-tech facility at Khalifa Industrial Zone Abu Dhabi (Kizad), was launched on Tuesday, set out to provide a full suite of quality, conformity and HSE testing services for a wide ranges of sectors. Aman Integrated Solutions Lab was inaugurated by Dr Thani bin Ahmed Al Zeyoudi, Minister of Climate Change and Environment, Tarek Al Goweiny, ...

Bloomberg Amazon.com Inc claims the Pentagon failed to fairly judge its bid for a cloud contract worth up to $10 billion because president Donald Trump viewed company founder Jeffrey Bezos as his “political enemy.” Amazon Web Services, Amazon’s cloud unit, claimed in a lawsuit that was made public that the defence pepartment ignored Amazon’s superior technology and awarded the contract ...

Bloomberg ViacomCBS Inc hired CBRE Group Inc to review its entire real estate portfolio, including a possible sale of the CBS skyscraper known as Black Rock in midtown Manhattan. Chief Executive Officer Bob Bakish announced the plan at the UBS Global telecom and media conference in New York. He didn’t indicate an expected price for the Eero Saarinen-designed skyscraper, which ...

Bloomberg LOLC Holdings Plc, Sri Lanka’s second-largest publicly traded company by revenue, plans to sell its stake in a unit in Cambodia and use the proceeds to fund acquisition of microfinance firms in emerging markets from Brazil to India. LOLC Holdings plans to sell its 70% stake in Prasac Microfinance Institution Ltd, which also counts Hong Kong’s Bank of East ...

Bloomberg Japan’s bonds rebounded as an advance in the benchmark yield to zero for the first time in nine months lured investors back. The 10-year yield dropped to minus 0.025% after climbing to 0% earlier on Tuesday. Japanese bond futures also bounced back from a one-year low. “There is extremely strong demand from investors when the 10-year yield touches zero,” ...