News

Bloomberg Food and resources company Phoenix Commodities Ltd. will buy more rice from India as it expands its business in Africa to meet increasing demand. The company wants to boost its rice trading volumes to between 2 million metric tons and 2.2 million metric tons over the next three to four years, Chairman Gaurav Dhawan said. That compares with 1.5 ...

Bloomberg UK business chiefs called for a swift and comprehensive trade agreement with the European Union as Brexit negotiations moved on to shaping the country’s future relationship with the bloc, with just 15 months remaining before Britain is due to leave. A long-awaited breakthrough on issues including a financial settlement clears the way for talks on a trade pact between ...

Bloomberg Trade ministers will meet in Argentina with one of the traditional defenders of free markets, the US, questioning the benefits of the international rules it helped to forge. Even though trade volumes are set to grow faster than the world economy this year for the first time since 2014, members of the World Trade Organization will gather in Buenos ...

Bloomberg Chevron Corp.’s Senior Economist Adam Karson may have put down a deposit on a Tesla 3 but he doesn’t see electric cars upending his employer’s business any time soon. Given the average life of an vehicle is between 10 and 15 years, every vehicle sold today would have to be electric for the world’s automotive industry to be free ...

Bloomberg Apple Inc. is close to acquiring Shazam Entertainment Ltd., the startup whose music recognition app is already built into Apple’s Siri virtual assistant, according to a person familiar with the discussions. A deal for the London-based app maker could be announced as soon as Monday, said the person, who declined to be identified because the details are not yet ...

Bloomberg YouTube plans to introduce a paid music service in March, according to people familiar with the matter, a third attempt by parent company Alphabet Inc. to catch up with rivals Spotify and Apple Inc. The new service could help appease record-industry executives who have pushed for more revenue from YouTube. Warner Music Group, one of the world’s three major ...

Dubai / Emirates Business Countries in the Middle East region continue to remain significant markets for the latest homeland security and policing equipment and solutions, as governments prioritise the maintenance of a safe and secure society. This continued trend is evident as the 20th edition of Intersec expects more than 100 of the 1,300-plus exhibitors to showcase their frontline range ...

DUBAI / WAM The Dubai Airport Freezone Authority (DAFZA) has honoured 22 managers, heads of departments and employees following the completion of the fourth phase of its ‘Innovation Champions’ programme. The freezone is the first government entity to complete all stages of the Global Innovation Management Institute programme which falls in line with the DAFZA Innovation Strategy. The programme undertook ...

DUBAI / WAM The Dubai Land Department (DLD) announced the ‘Ejari’ smart application protects the rights of all parties in the real estate sector, including owners, tenants and property management companies. Following new upgrades introduced by DLD, the application has gained an even higher level of efficiency in enhancing user productivity. Mohamed Yahya, Deputy Executive Director of the Rental Affairs ...

Abu Dhabi / WAM The Abu Dhabi Judicial Department (ADJD) has launched the first phase of “Justice Intelligence” project, as part of the government’s Artificial Intelligence (AI) strategy and the UAE Centennial 2071. Yousuf Alabri, Under-Secretary of the ADJD, stated that other phases of the initiative will be rolled out during the first quarter of 2018, with the aim of ...