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Bloomberg European debt markets have suddenly become more appealing to some big American corporations again, spurred in part by monetary policy changes. Several American household names have recently crossed the pond to issue debt in Europe. Companies such as Altria Group Inc., Coca-Cola Co., Ford Motor Credit Co. and International Business Machines Corp., among others, together have sold almost 18 ...

Bloomberg US companies submitted a record number of patent applications to the European Patent Office in 2018, retaining the country’s status as the most prolific filer. The 43,612 patent applications US companies filed was 25 percent of the total, the agency said on Tuesday, and far more than the 26,734 filed by Germany, the closest competitor. It was up 2.7 ...

Bloomberg Volkswagen AG aims to produce almost 50 percent more electric cars than it previously targeted, boosting a bet that has already strained profit margins. The world’s largest automaker now plans to build 22 million vehicles over the next 10 years, compared with an earlier goal of 15 million. Return on sales fell last year at the company’s three core ...

ABU DHABI / WAM The UAE Cabinet, chaired by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, has adopted the National Space Strategy 2030 during its meeting at the Presidential Palace in Abu Dhabi. The Cabinet meeting was attended by HH Sheikh Mansour bin Zayed Al Nahyan, Deputy ...

ABU DHABI / WAM Abu Dhabi National Exhibitions Company (Adnec) on Monday announced that the value of its direct and indirect impact on the Abu Dhabi economy in 2018 registered AED3.41 billion, taking the total value of its contribution to the local economy since its inception in 2005 to AED32 billion. The company shared its 2018 results at a press ...

ABU DHABI / WAM The UAE consolidated government revenues increased to AED304.5 billion during the first nine months of 2018, up 4.8 percent on year, with expenses picking up from AED259.3 billion over the first nine months of 2017 to as much as AED267.2 billion in the corresponding period of 2018, according to figures released by Federal Competitiveness and Statistics ...

ABU DHABI / WAM A report issued by the UAE Ministry of Economy (MoE) on the World Trade Organisation’s Trade Policy Review of the United States shows that despite shifts in the US trade policy towards increasing protectionism across multiple sectors, the US remains committed to working with all WTO members in maintaining fair and reciprocal trade partnerships. The report, ...

Dubai / WAM Dubai World Trade Centre (DWTC), revealed that its hospitality division – Hospitality by DWTC – catered for 1,056 high-profile external events in 2018, serving a total of 415,293 guests. DWTC continues to strengthen Dubai’s competitiveness as a regional event destination. “The impressive results for 2018 are a testament to the competency of the entire Hospitality by DWTC ...

Abu Dhabi / WAM The UAE, represented by the Emirates Red Crescent (ERC), distributed 25 fishing boats to the families of martyrs and disabled people in Al Buraiqa District, Aden Governorate, continuing its support for Yemeni fishermen. Mohammed Al Kaabi, ERC Representative, said that the boats were distributed in Qaewa, Ras Omran, Fiqm and Al Haswa while stressing that in ...

ABU DHABI / WAM The UAE financial regulators have announced the launch of a new fund passporting facility to help promote investment fund in the country. In a statement, the Emirates Securities and Commodities Authority (ESCA), the Financial Services Regulatory Authority (FSRA), of Abu Dhabi Global Market (ADGM), and the Dubai Financial Services Authority (DFSA), said that following the enactment ...