News

Bloomberg Facebook Inc., seeking to calm creators of articles and video after announcing a change in how their work will be promoted in its news feed, sent an email pledging to help them adapt. Stories and clips that draw comments and likes or are shared by users are more likely to be seen, Facebook said. The company will also continue ...

Bloomberg Walt Disney Co. Chief Executive Officer Bob Iger got $36.3 million in compensation in 2017 as the company announced plans to acquire a majority of 21st Century Fox Inc. His pay will probably more than double in fiscal 2018. Iger, 66, received a $15.2 million cash bonus tied to results including segment operating income and return on invested capital, ...

Bloomberg Porsche SE’s board was ordered by a German court to answer critical shareholder questions about what management at Volkswagen AG and the carmaker’s majority investor knew about the diesel scandal and whether any evidence was destroyed. The holding company’s board must answer five questions originally asked at its 2016 annual shareholders meeting, a Stuttgart court said in two rulings ...

Bloomberg Emirates, the world’s largest airline by international passengers, is talking to banks about raising as much as $1 billion through an Islamic bond sale that could happen in the first half, people familiar with the matter said. The Dubai government-owned carrier joins a list of regional issuers seeking funding from international debt markets before higher US interest rates push ...

ABU DHABI / Reuters Abu Dhabi has invited international firms to express interest in building one of the world’s biggest water desalination plants as the capital of the United Arab Emirates boosts capacity to meet rising demand, a senior official said on Wednesday. The project, estimated to cost between $600 million and $1.2 billion, will have capacity of 200 million ...

DUBAI / Emirates Business HH Sheikh Ahmed Bin Saeed Al Maktoum, Chairman of Dubai Airport Freezone Authority (Dafza), inaugurated Swiss luxury goods group Richemont’s new operations centre, the latest and most advanced facility in Dafza. The Richemont Operations Center is a pioneering project, as for the first time, Dafza has purpose-built a facility based on a client’s specific requirements. The ...

Abu Dhabi / WAM The Zayed Future Energy Prize has officially set a Guinness World Record title for the ‘Largest Environmental Sustainability Lesson’, it was announced on Wednesday. A total of 282 students from across the UAE took part in the sustainability-themed lesson at the Ritz-Carlton Abu Dhabi, presented by Illac Angelo Diaz, Executive Director of Liter of Light, the ...

Dubai / WAM Following a recent meeting with the UAE Ambassador to India, Dr. Ahmed Al Banna, the PHD – Punjab and Haryana – Chamber of Commerce has decided to create a ‘ginger group’ of influential Indians from all walks of life to act as catalysts in deepening economic relations between India and the UAE. K. V. Rajan, Convener of ...

Dubai / WAM His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, Chairman of Dubai Executive Council, and Chairman of the Dubai Sports Council, on Wednesday honoured the winners of the 9th Mohammed bin Rashid Al Maktoum Creative Sports Award at a ceremony at the Dubai World Trade Centre (DWTC). The Award is an entity ...

Dubai / WAM Dar Al Ber Society announced that it built a mosque in Mexico City as part of a mega project to promote tolerance and moderation of Islam. Abdullah Ali bin Zayed Al Falasi, Executive Director of Dar Al Ber, said, “the project is in line with the teachings of Islam based on tolerance, moderation, co-existence and mutual understanding ...