News

Bloomberg Former Uber Technologies Inc. Chief Executive Officer Travis Kalanick, who has long boasted that he’s never sold any shares in the company he co-founded, plans to sell about 29 percent of his stake in the ride-hailing company, people with knowledge of the matter said. Kalanick stands to reap about $1.4 billion from the transaction with SoftBank Group Corp. and ...

Bloomberg Apple Inc. said all Mac computers and iOS devices, like iPhones and iPads, are affected by chip security flaws, but the company stressed there are no known exploits impacting users. The Cupertino, California-based company said recent software updates for iPads, iPhones, iPod touches, Mac desktops and laptops, and the Apple TV set-top-box mitigate one of the vulnerabilities known as ...

Bloomberg It’s been less than a month since Congress approved a sweeping tax overhaul and states are already champing at the bit to get a piece of the action. Regulators from Montana to Kentucky have ordered utilities to act now to ensure ratepayers share in the windfall from the tax bill signed into law by President Donald Trump that slashed ...

ABU DHABI / WAM The market capitalisation of companies listed at Abu Dhabi Securities Exchange (ADX) increased 2.1 percent during 2017, to AED485 billion by the end of the year from AED475 billion by the end of 2016. In a report issued on Saturday, ADX said the market cap of listed domestic firms rose to AED457 billion, an increase of ...

Abu Dhabi / WAM The Federal Tax Authority (FTA) has called on UAE citizens and residents to be “wary of uninformed and unreliable sources of information who are circulating misleading information around the introduction of VAT in the country.” The FTA emphasised in a statement on Saturday on the importance of referencing and checking accurate sources of information, such as ...

Bloomberg King Salman ordered extra pay for Saudi government workers and soldiers this year after the implementation of value-added taxation and a surge in fuel prices stirred grumbling among citizens. Royal orders issued early on Saturday restored an annual pay raise for Saudi civil servants, suspended as part of attempts to rein in a hefty public-sector wage bill. The king ...

RAS AL KHAIMAH / WAM His Highness Sheikh Saud bin Saqr Al Qasimi, Supreme Council Member and Ruler of Ras al-Khaimah, has emphasised that the achievements of His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, have become a milestone in the life of Emiratis. He added ...

Abu Dhabi / WAM The Abu Dhabi City Municipality (ADM) has accomplished the illuminated kerbstone trial project at Al Mina, constructed by the Capital of Construction for General Contracting Company at its own expenses, as part of the Year of Giving initiative. ADM avails the opportunity to companies and individuals to take part in these initiatives to boost the principles ...

Copenhagen / WAM Fatima Khamis Al Mazrouei, UAE Ambassadress to Denmark, has attended the annual reception hosted by Queen Margarethe II of Denmark on the occasion of the advent of the New Year. The UAE ambassadress met with Her Majesty the Queen of Denmark and conveyed the New Year greetings of President His Highness Sheikh Khalifa bin Zayed Al Nahyan, ...

Dubai / WAM Mattar Al Tayer, Director-General, and Chairman of the Board of Executive Directors of Roads and Transport Authority (RTA), has endorsed the launch of 20 initiatives by the RTA to mark the Year of Zayed. The move is in response to directives of President His Highness Sheikh Khalifa bin Zayed Al Nahyan, declaring 2018 as the Year of ...