DUBAI / WAM Expo 2020 Dubai is inviting anyone in the UAE, no matter their age or nationality, to be part of ‘The World’s Greatest Show in the Making’ tour – a free sneak preview of the 4.38 sqkm Expo site as it nears completion. Passing through those gates for the next 173 days will be a procession of artists ...
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UAE, Gambia ink deal on protection of investments
ABU DHABI / WAM The UAE, represented by the Ministry of Finance, MoF, recently signed an agreement to encourage and protect mutual investments with the Gambia at the ministry’s headquarters in Abu Dhabi. Obaid Humaid Al Tayer, UAE’s Minister of State for Financial Affairs, and Mamboury Njie, Gambia’s Minister of Finance and Economic Affairs, signed the agreement in the presence ...
Read More »UAE astronauts train at NASA’s Lyndon B Johnson Space Centre
HOUSTON / WAM Emirati astronauts, Hazzaa Al Mansoori and Sultan Al Neyadi began a training programme at NASA’s Lyndon B. Johnson Space Centre, JSC, as part of the preparations for the first Emirati astronaut to travel to the International Space Station (ISS), in approximately 10 weeks from now, aboard the Russian Soyuz-MS 15. The two-week programme includes training on various ...
Read More »UAE occupies first, second places in 47 global indices
ABU DHABI / WAM In 2018, the UAE occupied the first and second positions internationally in 47competitiveness indexes covering around 13 development sectors, reflecting its efforts to achieve comprehensive development and the UAE 2021 Vision. The UAE’s accomplishments were documented by several leading international organisations. In the labour sector, the UAE occupied the first position in the “Ease of Employment ...
Read More »AED453m infra works in Al Rahba complete
ABU DHABI / WAM Abu Dhabi General Services Company, Musanada, has handed over two internal roads and infrastructure projects at Al Rahba City in Abu Dhabi at a total cost of AED453 million over approximately three million square metres. According to Musanada, execution of these projects, in collaboration with Abu Dhabi City Municipality, formed part of its efforts to realise ...
Read More »US antitrust boss is playing kingmaker in T-Mobile deal
Bloomberg Makan Delrahim, the US Justice Department’s antitrust chief, is trying to shape a deal combining T-Mobile US Inc and Sprint Corp that he can pitch as a win for consumers. Here’s how he may do it. If the $26.5 billion deal is approved, it’s likely to include conditions that give satellite TV provider Dish Network Corp enough airwaves, prepaid ...
Read More »Telenor shares drop as stalling revenue growth cuts outlook
Bloomberg Telenor ASA, Norway’s state owned carrier and biggest operator in the Nordic region, slid as much as 4.4 percent after its earnings dropped in the second quarter and it cut its full-year outlook amid increased competition in its key markets. The company posted earnings before interest depreciation and amortisation of 11.1 billion kroner ($1.3 billion), missing an estimate of ...
Read More »Amazon faces probe as EU antitrust chief plans summer finale
Bloomberg Amazon.com Inc is to be investigated by the European Union as the bloc’s antitrust chief Margrethe Vestager prepares for a summer finale to her five-year crackdown on US technology giants. The Dane, who heads the EU’s competition division, is poised to open a formal investigation into Amazon within days, according to two people familiar with the case, who asked ...
Read More »Britain wages rise at fastest pace since 2008 in tight labour market
Bloomberg UK wages grew at the fastest pace in 11 years in the three months through May and unemployment remained at its lowest rate since the mid-1970s. Average earnings excluding bonuses rose 3.6 percent, the Office for National Statistics said on Tuesday. The number of people in work rose 28,000 to a record high, leaving the jobless rate at a ...
Read More »UK guarantees Jaguar loans after pledge to make electric vehicles
Bloomberg Jaguar Land Rover Automotive Plc won a 500 million-pound ($626 million) loan guarantee from the UK government, just over a week after announcing a new range of electrified cars will be made at a plant in central England. The guarantee to JLR by the UK Export Finance agency was granted to support the design, manufacture and export of electric ...
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