News

ABU DHABI / WAM The joint military exercise between the ground forces of the UAE and the United States has concluded. The “Iron Union 9” exercise, which continued for two weeks, comes within the framework of the joint exercises of the UAE Armed Forces with fraternal and friendly countries to enhance their combat skills. The final day of the exercise ...

DUBAI / WAM Emirates Airline and South African Airways (SAA), are expanding their strategic cooperation with enhancements to its codeshare agreement, opening up new destinations for both Emirates and SAA customers. Pending governmental approval, South African Airways and Emirates have signed an enhanced commercial partnership which will see the relationship between the two carriers grow and strengthen their codeshare agreement ...

ABU DHABI / Emirates Business Leading integrated shipping, logistics and marine services provider GAC is opening a warehouse and open yard in the Middle East’s largest industrial zone and a subsidiary of Abu Dhabi Ports, Khalifa Industrial Zone Abu Dhabi (Kizad). The new GAC Abu Dhabi facility, expected to be fully operational by January next year, will serve a wide ...

ABU DHABI / Emirates Business Al Hilal Bank, the progressive Islamic Bank headquartered in Abu Dhabi, announced the completion of its Data Transformation Programme, as part of the Bank’s strategy to enable digital evolution throughout its entire chain of operations. The Data Transformation Programme was implemented in record time by a specialised team from the Bank using SAS technology, innovative ...

Abu Dhabi / Emirates Business It was a moment of euphoria for Private International English School, Abu Dhabi as the school got qualified to plant five trees in Minae’, South Ras Al Khaimah (Skheibar Area) on December 18. Nine students accompanied by five parents, the SSI coordinator Ushakumari, and Eco Club member Pushpa Joyce attended “For Our Emirates We Plant” ...

Bloomberg SSE Plc and Innogy SE terminated plans to create the UK’s second-biggest utility, the latest sign of pressure on the industry from increasing regulation. SSE’s board decided it wasn’t in the best interest of the company to proceed with the deal to combine its retail business with Innogy’s Npower unit after it emerged last month that more cash would ...

Bloomberg Huawei Technologies’s rotating chairman, speaking publicly for the first time since the shock arrest of its chief financial officer, warned that blacklisting the Chinese company without proof will only hurt the industry and snarl the advent of future wireless technologies worldwide. The company took swipes at the US and its allies on Tuesday during its first press event since ...

Bloomberg Japan’s budget for the fiscal year starting in April 2019 will top 100 trillion yen ($890 billion) for the first time, highlighting the government’s struggle to curb spending in the developed world’s most indebted nation. The budget will increase 3.8 percent to about 101.5 trillion yen, according to a draft budget document obtained by Bloomberg News. Almost a third ...

Bloomberg China is staring at a bigger-than-expected slowdown next year as credit shrinks, said an analyst who made her name warning about the dangers of the nation’s credit binge. Total credit in the country, including lending to companies, has “absolutely collapsed” in 2018, according to Charlene Chu, a senior partner at Autonomous Research in Hong Kong. The estimate is a ...

Bloomberg Hiroto Saikawa, the Nissan CEO who’s been thrust into global prominence since the arrest of Carlos Ghosn, is getting his first chance to explain the Japanese carmaker’s corporate-governance challenges to its alliance partners face-to-face. The chief executive officer is travelling to Amsterdam for a meeting starting from Tuesday of Nissan Motor Co., Renault SA and Mitsubishi Motors Corp., according ...