News

Bloomberg Facebook Inc. has given special counsel Robert Mueller extra details on political ad spending from a Russian group that tried to sow discord online ahead of last year’s US presidential election, according to a person familiar with the matter. The social network provided copies of ads and explained how they were targeted and who bought them, said the person, ...

Bloomberg Paris authorities will make it mandatory for all landlords renting their homes through Airbnb Inc. and other online platforms to register before offering lodging, as the city seeks to increase control and crack down on those who unlawfully rent, Le Figaro reported. The measure is meant to curb a housing shortage in the city, the newspaper said, citing the ...

Bloomberg Blue Apron Holdings Inc. Chief Executive Officer Matt Salzberg said the company is keeping its focus on home cooking and related products, a narrow purview that will help shelter it from competitive threats like Amazon.com Inc. The meal-kit company, which at one point suggested it could become an alternative to or even eventually replace grocery stores, is now concentrating ...

Bloomberg A dusty attic at the Zenith watch factory in Switzerland bears witness to the company’s near-death experience and rebirth. Four decades ago, a gutsy foreman hid the dies and punches used to shape the myriad tiny parts that make up a mechanical timepiece, defying orders from the US owners to junk them. The move saved the company when the ...

Dubai / WAM Spending within the UAE’s travel and tourism sector is expected to rise steadily over the next five years and reach over $56 billion in 2022 as new mega-projects come to market, a recent analysis conducted by the Dubai Chamber of Commerce and Industry shows. The analysis, based on data from Business Monitor International (BMI) and the World ...

Dubai / WAM More new business opportunities in the GCC recently opened up for Brazilian investors with $32 billion worth of large-scale urban construction projects now being tendered in the region, according to the Arab-Brazilian Chamber of Commerce (ABCC). The ABCC, which aims to foster economic, cultural, and tourism ties between Arabs and Brazilians, said that the report released by ...

Dubai / WAM Sultan Ahmed Bin Sulayem, DP World Group Chairman, met Hong Kong’s Chief Executive, Carrie Lam, and discussed collaboration in a range of sectors from ports, logistics and customs to education and innovation, at a meeting in Hong Kong this week. The meeting, at Government House, was also attended by the Consul-General of the UAE to Hong Kong, ...

Dubai / Emirates Business Digital payments will dethrone “cash as king” in the Middle East, and boost regional GDP by nearly $100 billion, industry experts announced ahead of GITEX Technology Week. As Middle East countries accelerate their digital transformation agendas with nationwide high-speed technology connectivity, one of the biggest benefits will be quick and easy mobile payments. In the near ...

Abu Dhabi / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of UAE and Ruler of Dubai, addressed over a million students in the UAE and congratulated them on the beginning of the academic year. The UAE Cabinet also praised the ease in which the 2017 – 2018 school year began. The Cabinet also commended ...

Abu Dhabi / WAM The UAE International Investors Council (UAECII) has made a range of strategic decisions to support the development of its working procedures, to serve its goals of promoting coordination and supporting Emirati companies that invest abroad. The Council made its decisions during its 14th meeting, which was chaired by Sultan bin Saeed Al Mansouri, Minister of Economy ...