News

Bloomberg Apple Inc has hired David Smoley, chief information officer (CIO) of pharmaceutical giant AstraZeneca Plc, for a vice president role. Smoley joined the Cupertino, California-based technology giant this month after six years at the UK-based drugmaker. At Apple, he will work in a similar information technology role and won’t be focused on Apple’s growing healthcare efforts. He is reporting ...

Bloomberg Jaguar Land Rover (JLR) plans to close its UK factories for a week in November to guard against disruption to supply chains from a possible no-deal Brexit, Chief Executive Officer Ralf Speth said. The shutdown will go ahead whether or not Britain seeks an extension to the October 31 deadline for leaving the European Union, he said at a ...

Bloomberg Saudi Arabia is recovering faster than expected from the biggest attacks ever on its oil industry, beating its own target for restoring capacity by about a week. State oil producer Saudi Aramco has boosted total production capacity to more than 11 million barrels a day, according to people with knowledge of the situation. The news helped to push crude ...

DUBAI / WAM The Mohammed bin Rashid Space Centre (MBRSC), announced the successful launch of the space mission carrying the first Emirati astronaut, Hazza Al Mansoori, aboard the Russian spacecraft Soyuz MS-15, at 5:57 pm UAE time. This is the UAE’s first mission to the International Space Station (ISS), from the Baikonur Cosmodrome in Kazakhstan. Al Mansoori is accompanied on the ...

Dubai / WAM Emirates NBD on Wednesday announced that it has created E20., the UAE’s first digital business bank for entrepreneurs and small and medium-sized enterprises (SMEs), businesses. In a press release issued by Emirates NBD on Wednesday, E20. will enable start-ups, sole proprietors, freelancers, gig economy workers, fintechs and insurtechs and small-to-medium sized companies to open a bank account ...

Bloomberg The European Union (EU) is weighing an aggressive new approach to its trade dispute with the US, signaling a willingness to engage in the combative tactics embraced by President Donald Trump and risking a further deterioration in transatlantic relations. The EU is considering imposing tariffs on more than $4 billion of US exports, citing as justification a 22-year-old World ...

Dubai / WAM His Highness Sheikh Ahmed bin Saeed Al Maktoum, Chairman of Dubai Civil Aviation Authority and Chairman and Chief Executive of Emirates Airline and Group, on Wednesday visited the Cityscape Global 2019 – the 19th annual edition of the gateway event for regional real estate investment – at Dubai World Trade Centre (DWTC). HH Sheikh Ahmed was joined ...

Dubai / WAM To commemorate UAE’s first manned mission to space, Montegrappa, an Italian company of luxury products, launched a unique fountain pen commissioned for the Mohammed Bin Rashid Space Centre (MBRSC), celebrating Hazza Al Mansoori, the first Emirati astronaut in space. MBRSC is also responsible for the development of various projects including the UAE Astronaut Programme and the development ...

Abu Dhabi / WAM Mohammed Saif Al Suwaidi, Director-General of Abu Dhabi Fund for Development (ADFD), met Sardor Umurzakov, Minister of Investments and Foreign Trade of Uzbekistan, to discuss the strengthening of relations between the UAE and Uzbekistan across various fields of mutual interest. The meeting also examined ways of bolstering investment and economic cooperation between the Fund and Government of ...

Abu Dhabi / WAM Tourists arrival in Abu Dhabi and Dubai grew 3.4 percent in H1 2019 on year according to officials figures released by the official tourist departments in both emirates. With tourists and hotel guests surging to 10.86 million by the end of June, according to the official figures, Abu Dhabi and Dubai continue to be the country’s ...