News

Bloomberg Capgemini SE said it will acquire Altran Technologies SA in a 3.6 billion-euro ($4.1 billion) deal in order to win more tech clients and keep up with rivals. Paris-based Capgemini is looking to maintain its position as a major IT consultancy in a consolidating industry, as competitors such as Accenture have been building out their sales from digital projects. ...

Bloomberg Apple Inc. is significantly increasing its footprint in Seattle as it expands on a previously announced plan to boost hiring, bringing an additional 2,000 jobs to the area in the next five years. The iPhone maker signed a lease for office space at 333 Dexter, a 660,000-square-foot (61,300-square-meter) development in the South Lake Union neighborhood being built by Kilroy ...

Bloomberg Glencore Plc is cutting out many of its intermediaries — the agents and dealmakers once essential to cracking the toughest markets — amid growing scrutiny of its operations around the world. Under pressure from its compliance division, Glencore is dismantling much of its glo-bal network of trading agents, according to people familiar with the situation. To continue operating, the ...

ABU DHABI / WAM Abu Dhabi’s Department of Community Development is to launch its second survey to explore the needs of the community and assess the challenges facing the emirate’s development process. This is part of the department’s commitment to ensure the social welfare of the Abu Dhabi community, carrying on the legacy of the Founding Father, Sheikh Zayed bin ...

Bloomberg The best returns in a decade for emerging-market bonds just got a further boost as central banks move towards more easing. Now fund managers must navigate trade tensions and geopolitics that could derail the rally. Investors are optimistic after the Federal Reserve signalled it was ready to cut interest rates and the European Central Bank indicated more stimulus may ...

ABU DHABI / WAM A total of 6.04 million foreign tourists visited Abu Dhabi and Dubai during the first three months of the year, a growth of 1.8 percent on year, figures by the Central Bank of the UAE showed. Dubai received 4.75 million from January to March against 4.65 million in the comparable period last year, with tourist arrivals ...

ABU DHABI / WAM UAE armed forces and defence industry representatives attended the opening of a new facility at Tawazun Industrial Park (TIP) for the assembly of unmanned aerial and maritime target systems used in military training, test and evaluation in the UAE. The new venture, established by Houbara Defence and Security LLC, is a partnership between Middle East General ...

Dubai / WAM Twitter CEO Jack Dorsey visited the UAE for the first time on Monday, launching a major philanthropic initiative, #YouthForGood, together with the UAE’s Youth Hub and Shamma bint Suhail Faris Al Mazrui, Minister of State for Youth Affairs. HH Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, ...

Abu Dhabi / WAM His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, on Monday received at Qasr Al Bahr Majlis Marcos Pontes, the Brazilian Minister of Science, Technology, Innovation and Communications, and reviewed prospects for fostering bilateral relations. The meeting explored ways of advancing bilateral investments ...

DUBAI / WAM The Telecommunications Regulatory Authority (TRA), on Monday announced the launch of the ‘UAE National Cybersecurity Strategy’ during a press conference held at TRA offices in Abu Dhabi and Dubai. The new strategy aims to create safe and resilient cyber infrastructure in the UAE that enables citizens to fulfil their aspirations and empowers businesses to thrive. Hamad Obaid ...