News

ABU DHABI / WAM The Ministry of Finance (MoF) launched a smart unified platform service that links all e-revenue collection systems of the federal government, during a workshop by ministry, which saw participation of over 20 federal government entities. The platform was designed to connect all revenue collection e-Systems for Federal Government, which, enhances the delivery of public services to ...

Bloomberg Uber Technologies Inc and Careem Networks FZ are in preliminary talks to combine their Middle Eastern ride-hailing services, hoping to resolve a costly rivalry as Uber prepares for a public offering next year, according to three people familiar with the matter. The companies have discussed a number of potential deal structures, but they haven’t come to an agreement on ...

DUBAI / WAM Expo 2020 Dubai is teaming up with UAE-headquartered DarkMatter to deploy advanced cyber security technologies that will help safeguard Expo’s digital experience for millions of visitors and 180 country participants. As Expo 2020 Dubai’s Official Cyber Security Provider, DarkMatter is responsible for overseeing the cyber security of Expo 2020’s entire digital platform, as well as the applications ...

ABU DHABI / WAM The Consumer Price Index (CPI) for the health group rose 3.1 percent to 103 points during the first quarter as compared to the corresponding period last year, according to figures issued by Statistics Centre – Abu Dhabi (SCAD). The figures showed an increase in prices of medical equipment, devices and diagnostic products of 4.7 percent during ...

Bloomberg Venezuela’s distressed oil sector may get some much needed financing from China, Finance Minister Simon Zerpa said after meetings with officials from China Development Bank and China National Petroleum Corporation. China Development Bank will invest more than $250 million to boost Venezuela oil production in the Orinoco Belt, Zerpa, who is currently in Beijing for bilateral talks, said in ...

Bloomberg Canadian oil prices are poised to continue their slow, steady march upward next year as shipping bottlenecks ease and US refiners look north to fill the gap created by decreasing output from Venezuela, according to Deloitte. Western Canada Select at the Hardisty hub will average C$53.35 this year and climb to C$54.55 a barrel next year, according to a ...

Bloomberg The decision by a Chinese court to temporarily ban some sales by Micron Technology Inc. adds to a series of setbacks for the world’s chipmaking giants in their most important market. Micron, which has been caught up in dueling intellectual property lawsuits with United Microelectronics Corp., received a preliminary injunction from the Fuzhou Intermediate People’s Court in Fujian province ...

Bloomberg India raised purchase prices for crops such as cotton, soybeans and paddy rice to ensure farmers get at least 50 percent more than their production costs, a move toward fulfilling Prime Minister Narendra Modi’s pledge to double farm incomes by 2022. The minimum support price for monsoon-sown paddy rice for 2018-19 season was increased to 1,750 rupees ($26) per ...

Bloomberg Huawei Technologies Co. said a proposed ban on selling its gear to some US mobile providers isn’t lawful, pushing back against assertions it poses a risk as the Trump administration increases pressure on China over trade and national security. The Shenzhen-based networking giant’s presence in the US “has been artificially restricted by unfounded allegations and suspicions based solely on ...

Bloomberg China said that it wouldn’t implement tariffs ahead of the US on Friday, after previous arrangements put it on course to do so. “We will never fire the first shot and will not implement tariffs ahead of the US,” the Ministry of Finance said in a statement, after media reported that Beijing would start levying tariffs hours ahead of ...