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Abu Dhabi / WAM More than 80,000 people, including tourists and heritage lovers, visited the14th Liwa Date Festival, which came to an end in Al Gharbia, Abu Dhabi’s Western Region. The 11 day-event offered heritage lovers colourful activities, cultural celebrations, traditional performance and competitions, where a number farmers were rewarded for producing the best types of date through the season. ...

New Delhi / WAM India’s Minister for Commerce, Industry and Civil Aviation, Suresh Prabhu, has praised the UAE’s achievements, comparing them favourably with countries which have much more in diverse natural resources and population which could not, yet, achieve as much. Prabhu made these remarks at the launch of a global emerging technologies start-up competition, the “GovHack Series,” attended by ...

Abu Dhabi / WAM Films created by participants in Image Nation Abu Dhabi’s flagship training programme Arab Film Studio have now screened over 200 times at prestigious film festivals around the globe, after Ranapakhara by Swapna Kurup was selected to screen at the Mosaic World Film Festival, Illinois this week. The milestone comes following the completion of the third edition ...

Bloomberg Europe will build more terminals to import US liquefied natural gas, the head of the European Commission told US President Donald Trump during a meeting aimed at averting a transatlantic trade war. “They want very much to do that, and we have plenty of it,” Trump said, referring to the US shale boom, which has unleashed record supplies of ...

Bloomberg Saudi Basic Industries Corp, the Middle East’s biggest petrochemicals producer, posted an 81 percent increase in second-quarter profit on higher sales prices and volumes. Net income rose to 6.7 billion riyals ($1.8 billion) from 3.71 billion riyals a year ago, the company known as Sabic said in a statement. Revenue climbed 26 percent to 43.3 billion riyals. The company ...

Bloomberg China’s expressed regret over Qualcomm Inc.’s decision to scrap a $44 billion takeover of NXP Semiconductors NV, an apparent attempt to avoid blame after regulators failed to rule on what would have been the largest chip acquisition in history. The takeover fell apart as tensions between China and the US escalated and local regulators held off on clearing the ...

Bloomberg ARM Holdings Plc, the British computer-chip designer owned by SoftBank Group Corp., has agreed to buy US-based data analytics firm Treasure Data Inc., people familiar with the matter said. Treasure Data may fetch about $600 million in the sale, the people said, asking not to be identified because the deal isn’t yet public. A spokesman for ARM declined to ...

Bloomberg Starbucks Corp., facing a rare sales decline in China, is betting a rapid roll out of delivery service will get the business back on track. With the company expecting China to eventually surpass the US as its biggest market, Starbucks says deliveries will help it will fend off competitors who are already offering the service, coupled with deep discounts. ...

Bloomberg The chief executive of Samsung Securities Co. resigned after the company was punished by South Korea’s financial regulator because an employee’s error sparked a $105 billion “ghost stock” blunder. Koo Sung-hoon’s resignation was disclosed in a regulatory filing on July 27, a day after the Financial Services Commission ordered the firm to suspend Koo for three months. The firm ...

Bloomberg As foreign funds continue to dump Indonesian stocks and bonds, President Joko Widodo is chasing dollars from tourism and exports to help contain a widening current-account deficit. Widodo, known as Jokowi, ordered ministers, officials and central bankers to step up efforts to lure more foreign visitors into the pristine sand beaches dotting hundreds of islands across the archipelago. He ...