News

Bloomberg Dell Technologies Inc. has reached out to investors to determine what it would take to win their support for its plans to return to the public markets, a person familiar with the matter said. Shareholders, including activist investor Carl Icahn, have balked at the terms of Dell’s proposed deal to take the technology giant public through a $21.7 billion ...

Bloomberg Qualcomm Inc. suffered a setback in its fight with US antitrust regulators who accuse the semiconductor maker of abusing a monopoly in chips for cell phones and raising costs for consumers. US District Judge Lucy Koh in San Jose, California, sided with the Federal Trade Commission on part of the agency’s antitrust case against Qualcomm ahead of a trial ...

Bloomberg Volkswagen AG plans a renewed push into the lucrative pickup segment that’s elu-ded the German manufacturer for years. The compact Tarok, shown in Sao Paulo, “will soon” be offered in Brazil, the company said in a statement. The truck “has the potential to boost Volkswagen’s model range in other global markets,” it said without providing details. The world’s biggest ...

Bloomberg Just as Prime Minister Theresa May is closing in on a Brexit deal, the march of companies quitting Britain is getting louder. On one day alone, CME Group Inc. said it’s moving its $240 billion-a-day short-term financing market to Amsterdam from London in another blow for the City, while German ball bearings maker Schaeffler AG announced the closing of ...

ABU DHABI / WAM The United Arab Emirates ranked 10th on the list of the world’s most dominant economic and political powers in 2018, according to the US News World Report, where US headed the list, followed by Russia, China, UK, Germany, France and Japan, respectively, with Saudi Arabia coming ninth. According to the report, the world’s most powerful countries ...

ABU DHABI / WAM Government deposits in UAE-based banks hit an all-time-high of AED286 billion by the end of September 2018, up AED74 billion in the first nine months of the year, according to the Central Bank of the UAE statistics. The growth is attributed to rising oil prices, which grew by 35 percent during the past 12 months, reflecting ...

DUBAI / WAM Signifying Dubai’s rising role in global trade, the emirate’s external non-oil trade in the first nine months of 2018 reached AED965.3 billion. Re-exports registered 13 percent growth to touch AED299.2 billion, while imports reached AED592.2 billion, and exports AED97.7 billion. Dubai Customs, which released the emirate’s external trade figures, applauded this achievement and attributed the high performance ...

ABU DHABI / WAM Government ministers fr-om 18 countries and over 80 leading oil and gas CEOs will meet in Abu Dhabi next week, as 2018 Abu Dhabi International Petroleum Exhibition and Conference (Adipec) commences amid a background of unprecedented change for industry. Hosted by Adnoc and su-pported by UAE Ministry of Energy and Industry, Abu Dhabi Chamber of Commerce ...

ABU DHABI / WAM UAE bourses kept their upward move for the second day running, ending Tuesday’s session in the green, and posting gains to the tune of AED5 billion, driven by upbeat sentiments across the banking and realty sectors where a select of blue chips were in a high demand. The positive mood left Abu Dhabi Securities Exchange General ...

DUBAI / WAM HH Sheikh Ahmed bin Mohammed bin Rashid Al Maktoum, Chairman of Mohammed bin Rashid Al Maktoum Knowledge Foundation, opened on Tuesday the Gulfood Manufacturing, the largest and most influential trade show for the food processing and manufacturing sector in the Menasa region, at Dubai World Trade Centre. Strong market demand has promoted an exhibitor intake of over ...