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Bloomberg Ford Motor Co. predicted an earnings boon from converting just one car plant to make trucks and sport utility vehicles. And the automaker said that factory is just the first of many that will pump out more profit. In 2021, Ford will reap $1 billion more in earnings before interest and taxes than it did two years ago from ...

Bloomberg The latest Brexit delay means more uncertainty, frozen investment and lost customers for UK manufacturers. That’s the verdict of Stephen Phipson, who represents 5,000 companies as chief executive officer of the MakeUK industry lobby group. Prime Minister Theresa May’s agreement with the European Union to postpone Brexit to October 31 from April 12 leaves companies in limbo, he said ...

Bloomberg Tesla Inc. released its first-ever environmental impact report, joining the 80 percent of S&P 500 companies who produce glossy-looking and sunny testaments to their own corporate sustainability record. There are pictures of smiling employees, solar panels in green fields, and data on the electric automaker’s performance on some environment and social metrics. The company put a total on its ...

Bloomberg Eni SpA signed an exploration and production agreement wi-th emirate of Ras Al Khaimah, a further push by the Italian company into the Middle East. The deal between the Rome-based hydrocarbons producer and RAK Petroleum Authority will cover Block A, which includes an area of 2,412 sq kms off the coast, according to a statement from Eni. Eni will ...

Bloomberg Hedge funds are betting rising tensions around the globe will keep fueling oil’s rebound this year. Money managers boosted optimistic wagers on West Texas Intermediate crude to the highest since October in the week ended April 16, according to government data released. Total long and short positions swelled to the most in six months, a sign the rally is ...

DUBAI / WAM Abdul Rahman bin Mohammed Al Owais, Minister of Health and Prevention (MoHAP) met with Dr Amrit Ray, Global President, R&D and Medical, Pfizer EMB, to discuss the possibility of establishing a scientific research and excellence hub in the UAE. Al Owais and Dr Ray also discussed mutual efforts to fight chronic diseases and develop innovative and integrated ...

Dubai / Emirates Business Dubai Silicon Oasis Authority (DSOA), the regulatory body for Dubai Silicon Oasis (DSO), the integrated free zone technology park, announced that it has obtained the Leadership in Energy and Environmental Design (LEED) v4.1 Platinum certification in the Operations and Maintenance (O+M) category for its High Bay Building in DSO. Dr Juma Al Matrooshi, Deputy CEO for ...

DUBAI / WAM Saeed Mohammed Al Tayer, MD and CEO of Dubai Electricity and Water Authority (Dewa), met Fernando Luis Lemos Igreja, Ambassador of Brazil to the UAE, as part of a series of meetings to ensure cooperation and collaboration with all diplomatic and consular missions in the UAE. The meeting was attended by Dr Yousef Al Akraf, Executive Vice ...

DUBAI / WAM Dubai Municipality announced several investment opportunities in the emirate’s public parks, such as the event spaces, and the allocation of different areas for restaurants and small shops, within the investment map of each park. Dawoud Al Hajri, Director General of Dubai Municipality, said that the Municipality aims to support the directives of the wise leadership to encourage ...

DUBAI / WAM Trakhees, the regulatory arm of Ports, Customs and Free Zone Corporation (PCFC), in Dubai has received five ISO certifications in complaints handling, quality management, IT management, environment management and HS management. Adnan Al Abbar, CEO of Trakhees, expressed his happiness for this achievement and confirmed Trakhees incessant efforts within its 2019-2021 plan to give more focus to ...