News

Bloomberg Fujifilm Holdings Corp. accused Xerox Corp. of caving to the whims of Carl Icahn and Darwin Deason in backing out of a $6.1 billion takeover deal. Fujifilm sued Xerox in Manhattan federal court over the failed takeover, seeking more than $1 billion in damages. Xerox walked away from the deal on May 13. “This change of heart is undoubtedly ...

Bloomberg EchoStar Corp is considering raising its offer for rival Inmarsat Plc after its initial approach for the British satellite company was rejected as being too low, according to people familiar with the matter. EchoStar, founded by billionaire Charlie Ergen, is discussing financing for an improved offer in the coming days, said the people, who asked not to be identified ...

Bloomberg A disgruntled Tesla Inc. employee broke into the company’s manufacturing operating system and sent highly sensitive data to unknown third parties, according to an email Elon Musk sent to staff. The worker, who had been denied a promotion, did “quite extensive and damaging sabotage” to Tesla’s operations, Musk wrote in the memo, which was reported in full by CNBC. ...

DHALE / WAM Dhale Governorate celebrated the distribution of Eid clothing to the families of 1,225 martyrs, as per the directives of His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces. During the launch of the distribution, which was held at the governorate’s headquarters, in the presence ...

ِAbu Dhabi / WAM Suhail bin Mohammed Faraj Faris Al Mazrouei, Minister of Energy and Industry, and President of the Organisation of Petroleum Exporting Countries (OPEC) Conference for 2018, has expressed his optimism over regaining balance to the international oil market, thanks to the cooperation between the OPEC, and its partners. “Looking ahead, I remain optimistic that we will fulfil ...

Abu Dhabi / WAM His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, on Monday, received at Al Bahr Palace, a delegation of top officials, media personnel, poets, sportspersons, artists, members of the Federal National Council (FNC), and military men, who paid a visit to the UAE Armed ...

Abu Dhabi / WAM The UAE Cabinet, chaired by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of UAE and Ruler of Dubai, has adopted a resolution granting nationals of countries facing war and natural disasters a one-year stay permit, in solidarity with the people of affected nations and to offer them a chance to improve ...

Abu Dhabi / WAM The Kazakhstan Embassy in the UAE concluded its preparations for the planned official visit of a high-level Emirati delegation comprising 22 businessmen, chairmen of board of directors and executives from leading Emirati companies that operate in various sectors, which will be held from July 3-6. The visit will include the delegation’s participation in several international events, ...

Dubai / WAM Dubai Electricity and Water Authority (DEWA), commissioned fifteen 132/11 kV substations in Salal, Saih Al Shuaib, Expo 2020, Warsan 1, Sheikh Mohammed bin Rashid Gardens, Palm Jumeirah, Al Markad, Nad Al Hammar, Business Bay, Zabeel 2, as of 20th May 2018, at a total cost of AED1.73 billion. Speaking on the occasion, Saeed Mohammed Al Tayer, MD ...

Dubai / WAM The Federal Tax Authority (FTA), announced that it has started receiving tax returns for the tax period ending May 31, from businesses registered for Value Added Tax (VAT). These returns were submitted via the e-Services portal on the authority’s official website, which enables easy and accurate tax submissions. In a press statement issued on Monday, the FTA ...