News

ABU DHABI / WAM Editors-in-Chief of various local newspapers held a coordination meeting at the Emirates News Agency’s (WAM), headquarters in Abu Dhabi. During the meeting, attendees discussed means of enhancing cooperation and coordination efforts to support the role of the national media sector in highlighting the UAE’s pioneering accomplishments. They also discussed ways to strengthen knowledge exchange and to ...

ABU DHABI / WAM The Abu Dhabi National Oil Company (Adnoc) hosted 200 members of the global investment and financial community at its inaugural investor forum in Abu Dhabi, providing attendees with a deeper understanding of Adnoc’s transformation and delivery, value creation plans, 2030 smart growth strategy and pipeline of new partnership and co-investment opportunities across its value chain. During ...

Abu Dhabi / WAM Abu Dhabi Police (ADP), has set the specifications for decorating vehicles during the UAE’s 47th National Day celebrations, as well as prepared a traffic plan to ensure the safety of pedestrians and drivers alike. According to a statement by ADP, vehicle owners can decorate their cars with appropriate decals from November 25 to December 6. “Drivers ...

Bloomberg Germany’s industrial southwest, Switzerland and parts of France face a dearth of fuel supplies in the coming weeks just as freezing temperatures threaten to lift demand for heating oil. A prolonged drought this summer has led to record-low water levels on the Rhine river, closing many parts of the key transport artery to barge traffic. With little relief in ...

Bloomberg Embattled commodity trader Noble Group Ltd — which is pushing towards the final stages of a complex $3.5 billion debt-for-equity restructuring — reported another quarterly loss, with the result driven by costs from the revamp as well as getting caught out in the LNG market. The energy segment, which consists of liquefied natural gas, coal and oil liquids in ...

Bloomberg The US government is contacting key allies to get them to persuade telecommunications companies in their countries to avoid using equipment from China’s Huawei Technologies Co., the Wall Street Journal reported. Officials from the US have reached out to counterparts and executives in countries including Germany, Italy and Japan about perceived cybersecurity risks, the Journal said, citing unidentified people ...

Bloomberg Terry Gou, chairman of iPhone-assembler Foxconn Technology Group, said his company’s business will remain strong at least until January amid growing concern over cooling demand for Apple’s flagship product. “Our business is very good up till at least January,” Gou said in an interview outside a polling station in Taipei, before voting in local elections. He didn’t elaborate on ...

Bloomberg A consortium including Thailand’s Minor International Pcl is considering an investment of about $350 million in Indian hospitality firm Hotel Leelaventure Ltd., according to a person with knowledge of the matter. The proposed bid, which is also backed by investment firm Trinity White City Ventures, includes a mix of equity and debt, the person said. The consortium would end ...

Bloomberg Mangal Prabhat Lodha, the founder of Lodha Group and a lawmaker representing India’s ruling Bharatiya Janata Party, has become the nation’s richest real estate developer after the company’s sales increased 22 percent. Lodha’s wealth is estimated at $3.8 billion, according to the GROHE Hurun India Real Estate Rich List. Lodha, who started the real estate business three decades ago ...

Bloomberg Farmers in Vietnam are coming across a worrying phenomenon: Coffee fruits empty of beans. Several areas in the world’s biggest grower of robusta coffee have reaped fruits that have no beans inside or where beans are smaller than usual. The empty cherries are most common in Gia Lai province in the north, which normally provides about 15 percent of ...