News

Bloomberg Earnings estimates for suppliers to Apple Inc have fallen along with their share prices since October las year, but estimates for at least one notable name are holding on: Broadcom Inc. Unlike other companies with a lot of exposure to the iPhone maker, which lowered its sales outlook, Broadcom’s earnings estimates have actually risen. Currently, the semiconductor maker is ...

Bloomberg Volvo AB, the world’s second-largest truckmaker, will set aside 7 billion kronor ($780 million) to address a faulty emissions-control component that’s worn out more quickly than expected. The charge will eat into operating income in the just-finished fourth quarter, while the drag on cash-flow will impact the coming years, the Gothenburg, Sweden-based manufacturer said in a statement issued after ...

DUBAI / Emirates Business The Department of Economic Development – Ajman (DED-Ajman) signed a strategic cooperation agreement with Khalifa Fund for Enterprise Development (KFED) to help bolster and promote a culture of entrepreneurship in the UAE. The agreement looks towards identifying objectives and areas of cooperation between the two parties to serve public interest and provide much needed support to ...

ABU DHABI / WAM A number of economic officials and analysts have affirmed that the outlook for the UAE economy is highly positive despite global headwinds. The country’s real gross domestic product (GDP) is expected to grow 3.7 percent this year, higher than the 2.9 percent forecast for 2018 and the 0.8 percent growth achieved in 2017, according to the ...

Abu Dhabi / WAM The UAE has succeeded in adopting a sustainable strategy for artificial intelligence (AI) through digital technology and youth over the past two decades and has begun early planning to transform to smart and green cities that achieve sustainable development for future generations. The UAE believes that AI is the key pillar on which service sectors and infrastructure ...

Al Mukalla / WAM As part of the ‘Year of Tolerance’ celebrations, the Emirates Red Crescent (ERC), has made delivery of 50 laptops to Hadramout University of Science and Technology. The laptops were handed on Saturday to the Dean of Students Affairs at the university, in the presence of Shawgi Al Tamimi, Supervisor of the ERC Projects. Al Tamimi said ...

Abu Dhabi / WAM The falling temperatures in New Delhi had no effect on the warmth and hospitality extended to Sharjah, as the guest of honour of the 27th New Delhi World Book Fair (NDWBF 2019), by the fair organisers, National Book Trust (NBT), and other local dignitaries in attendance at the opening ceremony on Saturday. English and Hindi translations of ...

Abu Dhabi / WAM The UAE has provided over 371.1 million units of polio vaccines to more than 57 million Pakistani children between 2014 and December 2018, through its anti-polio drive in the country, under the UAE-Pakistan Assistance Programme (UAE-PAP). The UAE-PAP was launched under the directives of President His Highness Sheikh Khalifa bin Zayed Al Nahyan and His Highness Sheikh ...

Abu Dhabi / WAM Work has started on Phase III of the UAE Pakistan Assistance Programme (UAE PAP), consisting of 40 projects implemented at a total cost of AED736 million ($200 million), funded by the Abu Dhabi Fund for Development (ADFD). The programme is being implemented in line with the directives of President His Highness Sheikh Khalifa bin Zayed Al ...

Dubai / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai, issued a series of tweets on his official Twitter page regarding the eight principles of governance in Dubai. In his tweet, Sheikh Mohammed thanked all those who showed appreciation in the mark of his 50 years of service. ...