News

Bloomberg ADT Inc., the security company backed by Apollo Global Management LLC, filed for a US initial public offering. The company filed with an initial offering size of $100 million, a placeholder that’s typically used to calculate fees and will likely change, according to a filing with the US Securities and Exchange Commission. ADT intends to use the proceeds to ...

Bloomberg A picture of inflation-squeezed consumers and Brexit-wary companies emerged in the UK’s latest overview of its economy. Annual growth in the third quarter slowed to 1.7 percent, slightly higher than previously estimated but still the weakest pace in 4 1/2 years, the Office for National Statistics (ONS) said. The economy expanded an unrevised 0.4 percent from the second quarter, ...

Bloomberg For millions of Americans suffering from debilitating nerve pain, a once-overlooked option has emerged as an alternative to high doses of opioids: implanted medical devices using electricity to counteract pain signals the same way noise-cancelling headphones work against sound. The approach, called neuromodulation, has been a godsend for Linda Landy, who was a 42-year-old runner when a foot surgery ...

ABU DHABI / WAM Hu Changsheng, Director-General of the Organisation Department of the Communist Party of China at the Fujian Province, has praised the UAE’s overall advanced social and development experience. Changsheng made this statement during a lecture organised by the Emirates Centre for Strategic Studies and Research (ECSSR) at its headquarters in Abu Dhabi, under the theme, “Promoting the ...

ABU DHABI / WAM Preliminary statistical data of the Federal Customs Authority (FCA) revealed that the UAE’s general trade volume from January to the end of June 2017 amounted to AED784 billion, compared to AED777.6 billion during the same period of 2016, signalling a one percent growth. The UAE’s general trade volume kept increasing during the first six months of ...

ABU DHABI / WAM A total of 1104 buildings have been completed in the Emirate of Abu Dhabi during Q3 2017, a growth of 3.6 percent from 1066 buildings during corresponding period 2016, in a yet a fresh sign reflecting the significant improvement in the realty sector in the emirate, which is considered among the key economic platforms in the ...

ABU DHABI / WAM The UAE Central Bank has announced that the Money Supply aggregate M2 increased by 0.4%, from AED1244.1 billion at the end of October 2017 to AED1248.8 billion at the end of November 2017. In a statement, the bank added that the Money Supply aggregate M1 decreased by 0.3%, from AED492 billion at the end of October ...

DUBAI / WAM The UAE-based Al Marakeb Boat Manufacturing Company has revealed the launch of its latest offering, the B7X. The new model, which can be utilised for both manned and unmanned operations, is also being dubbed as the world’s first ever mass produced dual-use USV being made available for commercial purposes. The B7X, along with Al Marakeb’s other models, ...

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 a delegation from Senaat General Holding Corporation and its Group of Companies, and was briefed on the milestones achieved by Senaat over the past period despite the headwinds besetting international markets. ...

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 a telephone call from the Japanese Prime Minister, Shinzo Abe. During the call, the two sides reviewed the friendly ties between the UAE and Japan and ways to strengthen and develop ...