News

Bloomberg A pair of General Electric Co.’s most prominent critics is reminding investors that solving all of the company’s problems won’t be as simple as appointing a new CEO. The downtrodden manufacturer is weighed down by a deteriorating finance business and doesn’t have enough assets or cash-flow to pay down its liabilities, according to Steve Tusa, a JPMorgan Chase & ...

Bloomberg Walt Disney Co is looking at ways to accommodate a group of 21st Century Fox Inc bondholders that say they are being wronged by a bond exchange deal as the two companies prepare to combine, according to a person familiar with the matter. Disney has offered to pay holders of $18.1 billion of Fox debt a small fee in ...

Bloomberg Lime, the electric scooter company valued at a $1 billion, lost its bid for a court order temporarily halting San Francisco’s plan to let two smaller companies operate after the city denied Lime a permit. But to Lime, a court decision not to block the city from launching its pilot program wasn’t all bad. The judge wants to “get ...

Bloomberg As if trade wars, rising interest rates and slowing global growth weren’t enough, the world’s finance chiefs are zeroing in on another source of concern: Italy. The populist government’s rule-busting budget plans and accusatory rhetoric against its European partners have repeatedly cropped up among ministers and central bankers at the annual meetings of the International Monetary Fund and the ...

Abu Dhabi / WAM Abu Dhabi will host the second edition of Agriscape, an international exhibition dedicated to agricultural investments abroad, at the Rosewood Hotel on October 29-30. The eminent gathering, which has already established a distinguished international reputation within agricultural investment, will feature lead-ing agricultural exhibitors and hundreds of buyers from aro-und the world. Organised by the Abu Dhabi ...

ABU DHABI / WAM The Supreme Council for Motherhood & Childhood is preparing a national strategy titled ‘UAE mother, child and youth friendly’ in cooperation with its strategic partners. HH Sheikha Fatima bint Mubarak, Chairwoman of the General Women’s Union, President of the Supreme Council for Motherhood & Childhood and Supreme President of the Family Development Foundation, instructed the Council ...

ABU DHABI / WAM In line with its efforts to revolutionise its services and enhance investor experience, Abu Dhabi Securities Exchange (ADX), region’s leading financial market, launched its new integrated digital platform, “Sahmi” which provides digital services for individual investors. The platform was launc-hed during GITEX Technology Week 2018, in which ADX has a presence at Abu Dhabi government pavilion. ...

SHANGHAI / WAM A delegation led by Saeed Mohammed Al Tayer, MD & CEO of Dubai Electricity and Wat-er Authority (Dewa), visited Huawei, a leading global Information and Communications Technology (ICT) company, in Shanghai, China. The visit aimed to enhance mutual relationships and share best practices and experiences in the fields of innovation, disruptive technologies, smart networks, digital transformation, automation, ...

Dubai / Emirates Business In the latest report issued by Dubai Land Department (DLD), Dubai’s real estate market witnessed a continuous growth driven by optimism among investors and developers, where the market recorded 39,802 real estate transactions worth AED 162 billion from the beginning of the year till the end of September. Commenting on these promising figures, HE Sultan Butti ...

HODEIDAH / WAM Emirates Red Crescent (ERC), teams have distributed school bags and stationery items to over 6,000 students in the schools of Red Sea Coast of Yemen, as part of the UAE’s support for the education system. Marking the start of a new school year in Yemen, the ERC teams started distribution of bags and stationery items at Al ...