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Bloomberg HP Inc.’s shares declined as much as 13 percent after the company warned that sales for its high-margin printer supplies business would fall for the rest of the year, presenting a setback for its effort to boost profitability. HP printer supplies revenue will decline 3 percent for the rest of 2019, driven by weaker demand in Europe, the Middle ...

Bloomberg Fabio Schvartsman stepped down temporarily as chief executive officer of Vale SA as the world’s largest iron ore producer comes under increased government scrutiny for failing to prevent a second deadly burst of one of its hundreds of tailings dams in Brazil. “Even totally assured of my righteous ways and having fulfilled my duty, I request the board to ...

Bloomberg President Donald Trump’s pledge to his rural agricultural base to allow year-round sales of higher blends of ethanol is spurring differing opinions between two key federal agencies. US Agriculture Secretary Sonny Perdue told lawmakers in a House hearing that a final rule to allow widespread sales of those higher blends “won’t happen” by the summer-driving season following delays from ...

DUBAI / WAM HH Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, emphasised the importance of the logistics sector as a key driver of economic diversification as highlighted by the 50-Year Charter which outlines the vision of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of ...

Bloomberg Russia’s oil producers cut their output deeper in February as the nation strives to implement an agreement with Opec following criticism that it was moving too slowly. The country produced 43.3 million tons of oil last month, according to preliminary data from the Energy Ministry’s CDU-TEK unit. That’s equivalent to 11.336 million barrels a day, down 82,000 barrels per ...

Ajman / Emirates Business Ajman Free Zone launched a new and innovative mobile app to make business management easier and faster, at an event attended by Sheikh Ahmed bin Humaid Al Nuaimi, Chairman of the Free Zone. The newly-launched app will reduce the time and effort it takes for business owners to obtain a new licence or to renew a ...

Dubai / WAM Dubai’s Roads and Transport Authority (RTA), announced ridership of public transit means in Dubai, comprising Metro, Tram, Buses and marine transit modes as well as e-hail vehicles, smart rental cars and taxis (Dubai Taxi and franchise companies), have combined lifted about 589 million riders in 2018. The figure reflects a notable increase from 2017, which amounted to ...

Dubai / WAM The Environmental Compliance Department at the Ministry of Climate Change and Environment (MOCCAE), carried out a surprise inspection at the Waterfront Market in Dubai. Inspectors seized 1,730 kilograms of fish, issued violation tickets to shop owners, fishermen and fish transporters who contravened the nation’s fisheries regulations, and donated the haul to charities to benefit families in need. ...

ABU DHABI / WAM Abu Dhabi Airports welcomed GoAir’s launch of four new flights between Kannur International Airport, and Abu Dhabi International Airport, connecting the two cities with flights operating every Monday, Tuesday, Thursday and Saturday. GoAir’s inaugural flight from Kannur to Abu Dhabi was received on Saturday, as the Indian subcontinent remains one of the most popular destinations for ...

DUBAI / WAM The number of operating businesses in Hatta reached 791, a 22% growth from 2009 to 2018, according to a report from the Business Registration & Licensing (BRL) sector at the Department of Economic Development (DED), Dubai. The licenses issued according to the activities were: commercial (533), professional (244), industry (11) and tourism (3). The report covers the ...