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ABU DHABI / WAM Dr Ahmad bin Abdullah Humaid Belhoul Al Falasi, Minister of State for Higher Education and Advanced Skills and Chairman of the Board of Directors of the UAE Space Agency, said that the declaration of the two astronauts who will travel to space under the UAE flag has placed the country in a more competitive and proud ...

ABU DHABI / WAM The Board of Directors of the UAE Central Bank held its seventh meeting for 2018 on Sunday, under the chairmanship of Khalifa Al Kindi, Chairman of the Board. During the meeting, which was held at the Central Bank’s premises, the board reviewed a memo regarding the Macro Prudential Policy stance report – Q2 2018, and instructed ...

RAS AL-KHAIMAH / WAM Ras Al Khaimah International Airport officially inaugurated its new-look Duty Free shopping area, following extensive renovations. Senior officials from the Ras al-Khaimah government, RAK International Airport management, and Ras al-Khaimah Tourism Development Authority (RAKTDA), presided over the ribbon cutting ceremony and unveiled the remodelled stores. The Duty-Free retail space in Departures and Arrivals terminals were upgraded ...

ABU DHABI / WAM The third annual Atlantic Council Global Energy Forum will be held in Abu Dhabi on January 12-13, 2019, again kicking off Abu Dhabi’s Sustainability Week. The two-day event gathers international and regional political, industry, and thought leaders to set the global energy agenda for the year and examine the longer-term geopolitical and geo-economic implications of the ...

Bloomberg Mark Read is stepping out from the shadow of WPP Plc founder Martin Sorrell as the advertising giant’s new chief executive, and he has a clear message: change is coming. “There are no sacred cows,” Read said in a phone interview, shortly after WPP confirmed his appointment on Monday. In an unusually lengthy statement, Read promised renewal and a ...

Bloomberg Ford Motor Co. said it’s standing by its Mondeo family car, adding it will move forward with plans for an upgrade of the 25-year-old model and denying a Sunday Times report that it plans to halt production. The Mondeo remains a “core part” of its product line-up in Europe, and there will be improvements introduced later this year, the ...

Bloomberg UK manufacturing growth unexpectedly slowed to the weakest in two years last month as export orders contracted amid a weakening of the global economy. IHS Markit’s Purchasing Managers’ Index fell to 52.8 in August, the firm said, down from 53.8 a month earlier, and below the 53.9 forecast by economists. A gauge of new orders for exports fell below ...

Bloomberg Uganda pre-qualified eight groups of companies for a public-private partnership to build and operate a 95-kilometre (59-mile) toll road worth more than $1 billion. France-based Vinci SA, Strabag SE Austria and Tecnasol Luisa Goncal of Portugal are leading groups in bids for the road linking the capital, Kampala, to Jinja town in the east, Uganda Roads Authority Executive Director ...

Bloomberg For the past year, select Google advertisers have had access to a potent new tool to track whether the ads they ran online led to a sale at a physical store in the US. That insight came thanks in part to a stockpile of Mastercard transactions that Google paid for. But most of the two billion Mastercard holders aren’t ...

Bloomberg The latest threat to the dominance of Britain’s six biggest energy suppliers is coming from small technology companies that automatically switch consumers to the cheapest deal. Their emergence couldn’t come at a worse time for the industry, which is already beset by lawmakers capping rates and suffering from perennial mistrust by consumers. On top of that, utilities are getting ...