News

ABU DHABI / Emirates Business Ebtikar Card Systems, an Etisalat Group subsidiary, announced that its advanced production center in Ajman renewed Security Accreditation Scheme (SAS) certification from the global organization ‘Global System for Mobile Communications’ (GSMA). GSMA SAS qualification is the highest standard of safety and data protection in smart card industry. Currently, there are 30 SAS certified companies worldwide. ...

ABUJA / WAM Ways of advancing relations between the UAE and Nigeria and issues of mutual concern, with special emphasis on the judicial domain, were discussed at a meeting between UAE Ambassador to Nigeria, Fahd Obaid Mohammad Al Tafaq, and Nigeria’s Attorney-General of the Federation and Minister of Justice, Abubakar Malami. The Nigerian minister hailed the growing relations between the ...

Dubai / Emirates Business The SDGs and the upcoming UN World Data Forum were discussed in a meeting between DSG Amina Mohammed and Abdulla Lootah, DG of FCSA at the UN HQ in New York. In particular, how advanced technologies and data can be utilised to serve nations as they strive to achieve the Sustainable Development Goals (SDGs). Lootah discussed ...

ABU DHABI / WAM In line with its mission of encouraging innovation among the youth and promoting SMEs, Khalifa Fund for Enterprise Development has invited creative entrepreneurs to participate in the second edition of ‘Pitch@PalaceUAE’ and the first edition of ‘Pitch@PalaceGCC, a competition being held under the patronage of His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of ...

Bloomberg Teva Pharmaceutical Industries Ltd. plummeted the most in six months after US sales fell amid price erosion for generic drugs, the company’s biggest business. The 18 percent slump in overall second-quarter sales to $4.7 billion trailed analysts’ average estimate and was led by a decline in sales of copycat drugs in North America. Rapid approvals for generic medicines and ...

Bloomberg Falling prices and government mandates are set to boost sales of electric vehicles globally, making owning and operating charging infrastructure an attractive area for investment. Charging infrastructure in North America will draw $18.6 billion by 2030, according to a report by Wood Mackenzie Ltd. It’s not just North America that’s benefiting. There will be as many as 40 million ...

Bloomberg The latest US jobs report showed the kind of gains that justify the Federal Reserve’s plans to keep raising interest rates and also give central bankers little urgency to pick up the pace. Employers added workers at a steady, albeit cooler, pace in July, and the prior two months were revised higher, Labor Department figures showed. Wages extended their ...

Bloomberg China intends to slap duties on US shipments of some fertilisers as part of a $60 billion ramp up in a trade war between the two nations. The good news for US producers is the move is unlikely to have any significant impact on their business. It’s “no concern,” RBC Capital Markets analyst Andrew Wong said in an email. ...

Bloomberg When the Acura NSX debuted at the Chicago Auto Show in 1989, it featured such newfangled technologies as an all-aluminum monocoque body, forged pistons, and titanium connecting rods. At the time, it was regarded as the best sports car ever produced by an Asian brand. “It was looked at as a fantastic car, relative to what you could buy ...

Bloomberg China is threatening to impose a 25 percent tariff on imports of US liquefied natural gas, potentially a major blow to an emerging American business. It’s the first time the fuel has been ensnared by the trade war, coming as part of a $60 billion response to a Trump administration plan to impose more levies. The move adds new ...