News

Bloomberg Deere & Co., the world’s largest farm machine maker, raised its full-year sales forecast, and there’s reason to believe that good news will keep coming. After a prolonged slump for crop prices that slashed farmer income, fundamentals are starting to rebound, according to Farha Aslam, an analyst at Stephens Inc. There’s a chorus echoing that view. Bunge Ltd. Chief ...

Bloomberg Uber Technologies Inc. is launching a range of measures, including 24-hour telephone support hotlines and better contact with local police, in a bid to appease London’s regulator ahead of a court battle over its license to operate in the city. The ride-hailing company will now report “serious incidents” that occur during a passenger’s journey to the police, rather than ...

Bloomberg For Roche Holding AG, collaborating with tech startups is no longer enough. Now it wants to own them. The Swiss oncology giant bought three tech companies and joined forces with another in the past eight months as it seeks to take advantage of a flood of data from patients and clinical studies. The most recent deal, a $1.9 billion ...

Bloomberg In his 50 years working in Britain’s car industry, John Cooper has survived plenty of upheavals. None is scarier than the prospect of Brexit. Being split off from their biggest market means the job cuts and production slowdown UK carmakers have imposed the past few months could be just a prelude to wholesale shutdowns. The shock is only beginning ...

Abu Dhabi / WAM The Abu Dhabi Accountability Authority (ADAA) will host leading experts in fraud prevention for the 2018 ACFE Fraud Conference Middle East on February 25-27. The 3rd edition of the regional conference, to be held at the Jumeirah at Etihad Towers hotel in Abu Dhabi, will gather more than 300 anti-fraud experts from across the public and ...

DUBAI / WAM The Government of Dubai, global trade enabler DP World and the Government of Jammu and Kashmir signed a Memorandum of Understanding (MoU) to explore opportunities to develop trade infrastructure in the state. The agreement will see discussions take place on a multi-modal logistics park and hub in Jammu, comprising warehouses and specialised storage solutions that will also ...

Abu Dhabi / WAM The UAE will remain committed to the global oil output reduction deal to eliminate the remaining glut on the market which amounts to 100 million barrels to reach the average target of the coming five years, according to Suhail bin Mohammed Faraj Faris Al Mazrouei, Minister of Energy and Industry. OPEC and non-OPEC commitment to the ...

DUBAI / WAM Investing in education, know-how and inter-governmental integration to ensure urban development and social cohesion are all essential factors to reducing poverty, inequality, mitigating the effects of climate change, and addressing the negative sides of new technologies, according to the Director of the United Nations Research Institute for Social Development (UNRISD). Paul Ladd made the remarks while addressing ...

Dubai / Emirates Business Middle Eastern consumers are showing a fast-growing appetite for eggs. According to thelatest data from the US Department of Agriculture (USDA), US egg imports to the MENA (Middle East North Africa) region grew 73 percent in USD value in 2017 over the imports in 2016. This represents a volume growth of 88 percent for US table ...

Manama / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of UAE and Ruler of Dubai, praised the impressive development of endurance racing in Bahrain, thanks to the constant support and follow-up of His Majesty King Hamad bin Isa Al Khalifa of Bahrain. His Highness Sheikh Mohammed bin Rashid made these remarks when he attended ...