News

Bloomberg Two years after the US Federal Trade Commission sued Qualcomm Inc, unleashing a series of existential challenges to the company’s business model, the chipmaker is about to get its chance to square the record. Lawyers for the regulatory agency and the company are set to begin presenting arguments on January 4 in a 10-day non-jury trial over claims that ...

Bloomberg The UK is planning to double the charge on disposable plastic bags issued by the country’s largest retailers to 10 pence (about 13 cents) as part of a drive to protect the environment. The fee will also be extended to all small shops, according to the plans published by the Department for Environment, Food and Rural Affairs. The proposals ...

Bloomberg Move over, Netflix: Apple Inc will be the best performing FAANG stock in 2019, according to veteran analyst Gene Munster. Apple will be rewarded in the coming year as investors focus more on revenue and earnings growth rather than iPhone unit sales, said Loup Ventures’ Munster, who has covered the company for more than a decade. The Cupertino, California-based ...

Bloomberg Brazil’s top rental-car companies say a cultural shift towards sharing automobiles rather than owning them will bolster demand as growth quickens in Latin America’s largest economy. The three main providers of rental cars in Brazil have far outpaced the Ibovespa’s 11 percent advance in 2018. Cia de Locacao das Americas is up 85 percent, Localiza Rent a Car SA ...

RAS AL KHAIMAH / WAM Zaki Anwar Nusseibeh, Minister of State, stated that the memory of the country’s founder and the builder of its modern advancement, the late Sheikh Zayed bin Sultan Al Nahyan, will remain with the UAE’s people. He made this statement during a dialogue meeting, titled, ‘Centennial of Zayed,’ which was held on Wednesday by the Emirates ...

ABU DHABI / WAM The Abu Dhabi Municipality (ADM) attained new achievement this year when its building data management system (BDMS) was recognised among the global top five systems in the ‘International Best Practice Competition’ at the Global Organisational Excellence Congress. The congress, held in Abu Dhabi from December 10 to 12, saw the participation of 250 regional and international ...

DUBAI / Emirates Business The Middle East and North Africa (Mena) continue to present one of the world’s key growth regions for printing. In 2019, the total value of the commercial print business in Mena is forecast to reach $32 billion, according to research from Smithers Pira, the worldwide authority on the packaging, print and paper supply chains. They released ...

ABU DHABI / WAM HH Sheikh Mansour bin Zayed Al Nahyan, Deputy Prime Minister and Minister of Presidential Affairs, on Wednesday chaired board meeting of Abu Dhabi Fund for Development (ADFD)  on the Presidential Affairs ministry’s premises. The meeting addressed the status of the projects being funded by the ADFD in several countries along with future plans. A number of ...

ABU DHABI / WAM The UAE dirham has appreciated against currencies of top 10 non-dollarised import and non-oil export partners by 3.08 percent and 3.97 percent respectively during the first nine months of 2018, according to Central Bank of the UAE statistics. Year-on-Year, the dirham appreciated as well against the currencies of the same partners by 3.8 percent and 7.11 ...

GROZNY / WAM President Ramzan Kadyrov of the Chechen Republic received a delegation from Khalifa Fund for Enterprise Development (KFED), led by Hussain Jasim Al Nowais, Chairman of the Fund, and lauded the friendly relations and cooperation between the Chechen Republic and the UAE, and the success of these relations that support shared interests in various fields. “Zayed Fund for ...