News

Bloomberg After a tumultuous stock debut, Uber Technologies Inc. Chief Executive Officer Dara Khosrowshahi is parting ways with two top lieutenants in a major leadership overhaul. Barney Harford, the chief operating officer, and Rebecca Messina, the chief marketing officer, are both leaving the company, Uber said. Uber had largely shielded Harford from the public spotlight after he was the subject ...

Bloomberg AT&T Inc.’s DirecTV and Dish Network Corp., suffering the steepest subscriber losses in the pay-TV industry, are open to a merger and both companies believe such a deal could pass muster with US regulators, according to people familiar with their thinking. It’s been 17 years since a proposed combination of the two satellite-TV services was deemed bad for consumers ...

Bloomberg Abu Dhabi’s economic growth will average 2.5 percent in the four years through 2022 as it benefits from higher oil production and prices, S&P Global Ratings estimated. Abu Dhabi’s economy derives 50 percent of its real gross domestic product (GDP) and more than 90 percent of the central government revenue from the hydrocarbon sector, the ratings company said in ...

ABU DHABI / WAM As part of this year’s Ramadan campaign, 5,000 volunteers of the Emirates Foundation, an independent organisation set up by Government of Emirate of Abu Dhabi to facilitate public-private funded initiatives to improve welfare of youth across the UAE, completed some 25,000 volunteer hours during the Holy Month of Ramadan. This came as part of the Takatof ...

Bloomberg Russia’s average daily oil output in May fell below its Opec+ target for the first time this year after buyers refused to take exports via Druzhba, the nation’s key pipeline to Europe, because of contamination. The country produced just more than 47 million ton-nes of crude oil and condensate in May, according to preliminary data from the Energy Ministry’s ...

Dubai / WAM Emirates’ first scheduled A380 services have touched down in Boston and Amman, in response to the increased demand for travel during the peak summer period. Led by the Captain, Arif Al Reyami, and Jordanian First Officer, Laith Saudi, the A380 Amman service was greeted by a traditional water cannon salute. Set in a three-class configuration, the Emirates ...

Bloomberg President Donald Trump claims China is paying his tariffs; furniture salesman Mack Yuan in the east-coast commercial heartland of Zhejiang begs to differ. “We don’t pay any tariffs,” says Yuan, whose company Dakang Holdings Co sells about half its products to the US, including to Walmart Inc and Costco Wholesale Corp. The impact of Trump’s tariff hike on $200 ...

Dubai / Emirates Business Emirates has partnered with Uber to offer UAE travellers discounted airport transfers this summer. Emirates Economy Class Flex Plus and Economy Class Flex customers can avail free or discounted airport rides to and from DXB on bookings made starting June 2 until July 31, for travel until August 31. UAE nationals and residents can now plan ...

ABU DHABI / WAM Manarat Al Saadiyat, part of the Department of Culture and Tourism – Abu Dhabi, has announced its first exhibition of 2019 with the ABOVE: Aerial Photography Exhibition. Organised by the Photography Studio, this exhibition will showcase imagery taken from drones and aircraft, and will feature artists from the UAE, the Middle East and the United States. ...

Dubai / WAM Under the directives of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, Dubai Municipality announced the completion of a project to revive the traditional markets of Deira and preserve its distinctive architecture. Stemming from the keenness to preserve the nation’s heritage and cultural identity, the ...