News

Bloomberg The European Union says it will continue a tit-for-tat escalation in its trade dispute with the US while countering President Donald Trump’s assertion that the US is being treated unfairly by the 28-nation bloc. Jyrki Katainen, the EU commissioner in charge of jobs and growth, told the French newspaper Le Monde in a story posted that if Trump applies ...

Bloomberg Apple Inc. filed petitions challenging four Qualcomm Inc. patents, dragging the US Patent and Trademark Office into a long-running licensing dispute that already spans the globe. The two are locked in a bitter fight over the amount of royalties Apple’s suppliers should pay to use Qualcomm’s technology on telecommunications. Billions of dollars are at stake. A hearing in one ...

Bloomberg The chill that has crept over some segments of the Toronto housing market may soon extend to one of its persistent hot spots: condominiums. Evidence of a slowdown is emerging as new rules make it tougher to get a mortgage and borrowing costs rise for the first time in almost a decade. That’s reducing the appeal of Toronto condos, ...

Bloomberg OPEC and its allies gave the final sign-off to an oil-production increase, sealing a victory for Saudi Arabia and Russia. Major producers outside the Organization of Petroleum Exporting Countries — including Mexico and Kazakhstan — met ministers from the cartel on Saturday and endorsed a nominal output increase of 1 million barrels a day, said Ecuador’s Minister of Hydrocarbons ...

WASHINGTON / WAM Sultan bin Saeed Al Mansouri, Minister of Economy, and US Commerce Secretary, Wilbur Ross, discussed ways to enhance cooperation in the economic and trade fields between the two countries. This came during a meeting held in Washington during the official visit of Al Mansouri to take part in The Select USA Investment Summit is being held from ...

ABU DHABI / WAM HH Lt. General Sheikh Saif bin Zayed Al Nahyan, Deputy Prime Minister and Minister of the Interior, has attended in Abu Dhabi the signing of an agreement between the Ministry of Interior (MoI) and Etisalat Group (Etisalat) for the use of smart services in bolstering prevention and safety measures in public facilities as well as homes. ...

Abu Dhabi / WAM More than 350 officials responsible for monitoring and developing the internal control systems at government entities and institutions in Abu Dhabi attended a workshop titled, “Building Effective Internal Financial Auditing Systems”, organised by Abu Dhabi Accountability Authority (ADAA). Representatives of the major audit firms operating in the Emirate also participated in the two-day workshop, which was ...

Abu Dhabi / WAM The Abu Dhabi City Municipality (ADM), in cooperation with Abu Dhabi Public Services Company (Musanada), completed the internal roads and infrastructure project at Nahda Al-Askariyah, Baniyas and Al Shawamekh. The total cost of the project is AED102.77 million and it spans an area of 197,000 square metres approximately. The projects, which are part of the Master ...

Abu Dhabi / WAM Khalifa Fund for Enterprise Development signed a Memorandum of Understanding (MoU), with Majid Al Futtaim Hypermarkets as part of its efforts to support Khalifa Fund members and promote their entrepreneurship. The MoU aims to establish joint collaboration to create an appropriate business environment for the supply of fresh food, grocery, light household, textile and electronic products ...

Jeddah / WAM Dr Sultan bin Ahmad Sultan Al Jaber, Minister of State and Chairman of the National Media Council (NMC), has emphasised that the UAE, in implementation of the directives of the wise leadership and its effective role within the Saudi-led Arab Coalition, continues to support the Yemeni people through carrying out a huge humanitarian operation to provide aid ...