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Bloomberg UK businesses told Prime Minister Theresa May to get on with taking key Brexit decisions as companies start putting their contingency plans in place, according to a person at a meeting at her London office. May gathered leaders of companies ranging from aerospace to retail along with Chancellor of the Exchequer Philip Hammond and Brexit Secretary David Davis for ...

Bloomberg The UK services sector grew more than forecast in May as the economy continued to plot a modest recovery from the snow disruption of the first quarter. IHS Markit said on Tuesday its Purchasing Managers Index rose for a second month to 54 from 52.8. That beat the reading of 53 predicted in a Bloomberg survey. Taken together with ...

Bloomberg Qualcomm Inc, the biggest maker of semiconductors for smartphones, unveiled a new chip, said Samsung Electronics Co. is already on board as a customer, and offered free wireless data for devices based on the processor — all part of a push to get its mobile technology into the computing market dominated by Intel Corp. Samsung is committed to offering ...

Bloomberg Even as Donald Trump tweets his support for US agriculture, farmer loyalty for the president looks like it’s starting to waver over moves that may undermine corn-based etha-nol and escalate trade disputes with countries that import American crops. A long-anticipated White House announcement expected to lower costs for oil refiners at the expense of ethanol may show that the ...

DUBAI / WAM The Ministry of Climate Change and Environment (MoCCAE) is introducing a new project to survey and map agricultural areas using unmanned aerial vehicles or drones. MoCCAE invited several professional drone companies in the UAE to carry out the pilot phase of the project. Commencing in the second week of June, this phase will include surveying and mapping ...

SHARJAH / WAM Saud Salem Al Mazrouei, Director of the Hamriya Free Zone Authority and the Sharjah International Airport Free Zone Authority, signed an investment agreement with Ramesh Parekh, Chairman of Gandhar Oil Refinery India, to establish an integrated project to produce white oil, liquid paraffin, hydraulic liquid, transformer oil, rubber processing oil, motor oil and industrial oil. The agreement ...

ABU DHABI / WAM Abu Dhabi Islamic Bank (ADIB) announced the launch of a 100 percent capital protected cloud technology equities basket note, designed to capture the growth in the cloud computing industry. The investment note matures in 12 months and provides 100 percent capital protection at maturity to minimise investment risk. The note opens for subscription until June 23, ...

ABU DHABI / Emirates Business Raytheon Emirates, a wholly owned subsidiary of Rayt-heon Company, announced that it has signed a long-term lease with Mubadala Investment Company (Mubadala), establishing its new UAE headquarters at Abu Dhabi Global Market Square. Located in Al Maqam Tower, the new location will be nearly 1,837 square meters once it is completed and ready for occupancy ...

ABU DHABI / WAM Saif Badr Al Qubaisi, General Manager of Abu Dhabi City Municipality cum Head of Technology Committee in Department of Urban Planning and Municipalities, revealed that 11 new digital services have been launched across the municipalities of Abu Dhabi (Abu Dhabi City Municipality, Al Ain Municipality and Al Dhafra Municipality). The step is part of a leading ...

ABU DHABI / WAM HH Sheikha Fatima bint Mubarak, Chairwoman of the General Women’s Union, President of the Supreme Council for Motherhood and Childhood, and Supreme Chairwoman of the Family Development Foundation, has said that the memory of the late Sheikh Zayed bin Sultan Al Nahyan is a milestone in the history of the UAE, as he was an exceptional ...