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ABU DHABI / WAM Emirates Global Aluminium (EGA), the largest industrial company in the United Arab Emirates outside oil and gas, on Monday announced that it achieved cost savings of AED70 million in 2018 through employee suggestions and continuous improvement projects, the highest ever in a year since the programme began in 1981. Commenting on the results, Abdulla Kalban, Managing ...

DUBAI / WAM Under the patronage of HH Sheikh Hamdan bin Rashid Al Maktoum, Deputy Ruler of Dubai and Minister of Finance, and President of Dubai Health Authority, the 23rd edition of the UAE International Dental Conference and Arab Dental Exhibition – AEEDC Dubai, the largest dental event of its kind in the Menasa region and the second largest in ...

Bloomberg Alberta’s crude curtailment plan has caused a dramatic rise in the price of heavy Canadian oil. But for shares of energy companies, it hasn’t been as much of a help. Since the production curtailment was unveiled early last month, Western Canadian Select crude has almost doubled to about $43 a barrel, narrowing its discount to benchmark US oil to ...

Bloomberg India is considering a plan to transfer cash to farmers to ease their financial burden instead of offering subsidies, people with knowledge of the matter said. Prime Minister Narendra Modi’s government is planning to combine all farm subsidies, including fertiliser costs, and instead pay farmers cash, the people said, asking not to be identified as the discussions aren’t public. ...

Bloomberg Takeda Pharmaceutical Co. is considering a sale of some emerging-market drugs, as the Japanese drugmaker expands a push to cut debt after its $62 billion takeover of Shire Plc, people familiar with the matter said. The company is working with Bank of America Corp to gauge potential buyer interest in emerging-market assets it acquired through its 2011 purchase of ...

Bloomberg DJI has unearthed cases of fraud involving its own employees that may trigger losses of about 1 billion yuan ($150 million) for the world’s largest drone maker, marking one of the largest recent cases of graft among China’s technology giants. SZ DJI Technology Co, which discovered the corruption in an internal probe, said it’s fired multiple workers who inflated ...

Bloomberg Taiwan’s December export orders plunged the most in almost three years in the latest warning sign for global trade. Export orders fell 10.5 percent in December versus the same period a year ago, according to Taiwan’s Ministry of Economic Affairs, the biggest decline since April 2016. The US was a rare bright spot, with orders gaining 5.6 percent, while ...

Bloomberg At this time of year, Carlos Ghosn would normally be hobnobbing with the global elite at the World Economic Forum in Davos. Instead, he’s languishing in a Tokyo prison. Now the ousted Nissan Motor Co chairman is making a last-ditch effort to win release on bail by pledging to remain in Japan before his trial for alleged financial misconduct. ...

Bloomberg The operation of the World Trade Organization (WTO) may soon stall because of US delays in appointing new judges, Canada’s trade minister said as he prepares to convene another round of reform talks in Davos. Jim Carr, in an interview with Bloomberg’s Kathleen Hays in Tokyo, said the US refusal to appoint judges to the appellate body of the ...

Bloomberg Facebook Inc is endowing a new institute devoted to the ethics of artificial intelligence (AI) at the Technical University of Munich, in Germany. The new center, which Facebook is funding with an initial grant of $7.5 million over five years, will investigate issues around AI safety, fairness, privacy and transparency, Joaquin Quinonero Candela, Facebook’s director of applied machine learning, ...