News

Bloomberg Facebook Inc. is conducting a broad review of all its data practices and taking a much more conservative stance on some policies, moves that could limit advertisers’ ability to target users on the social network, according to people familiar with the matter. As part of the changes that will be rolled out over the next few weeks, Facebook said ...

Bloomberg Starwood Capital Group offered to buy Victoria Park AB in a $1 billion deal that would give the US investment firm a foothold in Sweden’s rented-residential real estate market. The cash offer to shareholders in Victoria Park values the Swedish company at about 8.68 billion kronor, Starwood said in a statement to the stock exchange in Stockholm. Victoria Park ...

Bloomberg Infiniti is recharging its attack on BMW and Audi. The Nissan Motor Co. premium brand wants to use the structural changes enabled by the industry’s shift toward electric and self-driving cars—such as a larger cabin and fewer components under the hood—as a chance to inject a Japanese touch of simplicity and space into its models. That entails a minimalist ...

Abu Dhabi / WAM The first-ever Green Business Summit in Abu Dhabi will include a series of special panel discussions led by leading experts in international policy and sustainable development. Key topics include an assessment of global sustainability initiatives, how governments can create a policy fram-ework that stimulates the transition to a greener future, and what it will take for ...

DUBAI / WAM The Roads and Transport Authority (RTA) awarded two contracts worth AED1.3 billion for phases 3 and 4 of roads leading to Expo 2020 project. The project is intended to ensure a smooth flow of traffic to serve exhibition visitors as well as future projects in the area. The latest announcement comes as per the directives of His ...

Abu Dhabi / WAM Emirati banks are continuing to focus their investment activities on securities, which raised the total balance of their investment in the sector to AED69.3 billion at the end of February 2018, an increase of AED6.8 billion compared with December 2017. According to experts in the banking sector, the banks are continuing to increase their level of ...

DUBAI / WAM Marwan bin Ghalita, First Deputy to the Federal National Council (FNC) Speaker, met a Brazilian Parliamentary delegation led by Senator Collor Fernando, Chairman of the Foreign Relations and National Defence Committee in the Brazilian Senate and Former President of Brazil. During the meeting that took place on Sunday in Dubai, the two sides discussed ways of promoting ...

Abu Dhabi / WAM Abu Dhabi Securities Exchange (ADX) announced that it has succeeded in achieving a compliance rate of 100 percent reg- arding the disclosure of the annual financial statements of its 69 listed public and private joint stock companies within the deadline of 90 days from the end of the fiscal period. All public and private joint stock ...

DUBAI / WAM Dubai’s external trade in hardware and tools reached AED4.8 billion in 2017, with imports standing at AED3.4 billion, re-exports at AED1.36 billion, and exports at AED30 million, according to the latest figures released by Dubai Customs ahead of Hardware and Tools Middle East 2018, the region’s only trade fair dedicated solely to tools, hardware, materials and machinery. ...

Dubai / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of UAE and Ruler of Dubai, said that enhancing advanced sciences environment in the UAE is the best investment in building the future, and key tool to implement creative ideas. His Highness’ remarks were made as he launched the National Advanced Science Agenda 2031. The ...