News

Bloomberg Wood Plc has agreed to sell its nuclear business for 302 million, as it cuts debt associated with the 2017 acquisition of Amec Foster Wheeler Ltd. and a prolonged oil-price slump. The Scottish engineering and services business will sell the unit to a subsidiary of Jacobs Engineering Group Inc., and expects the deal to close in the first three ...

Bloomberg National Grid Plc will investigate how to better incorporate the UK’s increasing share of renewable energy in the power mix after a blackout earlier this month saw more than one million homes lose power. The probe was sparked by the August 9 blackout, that also caused havoc on the transport networks, after a lightening strike north of London led ...

Bloomberg Oil rose for a second day as a drone attack on a Saudi Arabian oil field revived concerns that the tense Middle East political situation may jeopardise crude exports. Futures in New York advanced 0.6 percent to trade near $55 a barrel. Yemeni rebels attacked oil and gas facilities at the Shaybah field in the southeast part of the ...

Dubai / WAM Dubai Financial Market (DFM) on Monday announced that its listed companies have record-ed a 96 percent compliance regarding the disclosure of Q2- 2019 results within the deadline of 45 days from the end of the period. The total number of UAE public and private joint-stock companies as well as the dually- listed companies on Dubai Financial Market, ...

Bloomberg US President Donald Trump’s tariffs on Chinese imports are getting a lot of blame for slowing the global economy, but it’s his Twitter habit that could be even more harmful. According to a report by Bloomberg Economics’ Dan Hanson, Jamie Rush and Tom Orlik, uncertainty over trade could lower world gross domestic product by 0.6 percent in 2021, relative ...

Bloomberg The US will extend for another 90 days a narrow set of exemptions that had protected rural networks and other US customers from a ban on doing business with China’s Huawei Technologies Co., Commerce Secretary Wilbur Ross said on Monday. Some telecom companies in the US are “dependent” on Huawei, and thus a 90-day reprieve was deemed appropriate, Ross ...

DUBAI / Emirates Business Following the release of A-Level examination and GCSE results, high school students across the UAE will heave a sigh of relief — but after months of anxious waiting, selecting a future career can still pose a dilemma for many, especially for those who do not prefer to pursue a conventional education. Stepping in to support students ...

DUBAI / WAM Some 2,800 students participated in the “TRA Innovation Camp” organised in all the emirates by the Telecommunications Regulatory Authority (TRA). The aim of the camp this year was to support the culture of artificial intelligence (AI), and data science and encourage the younger generation for entrepreneurship, identifying innovative solutions and shaping the future, in line with the ...

Dubai / WAM The Training Centre at Dubai Customs launched a language learning programme for customs inspection officers to help them communicate with other clients of different nationalities in their native language. The centre also helps to enrich the cultural experience of inspectors and adds value to their careers. The programme is part of the effort of Dubai Customs to ...

Dubai / Emirates Business Following its global milestones achieved in 5G network this year and the live 5G video calls made across various locations in UAE, Etisalat announced the availability of 5G coverage in the world’s tallest and iconic tower Burj Khalifa showcasing readiness of the state-of-the-art 5G network and compatibility with industry leading 5G smartphones. The 5G call is ...