News

  Bloomberg The new way foreign worker visas are doled out in the US is poised to benefit some of the biggest technology companies, like Alphabet Inc., Microsoft Corp. and Facebook Inc., while punishing outsourcing firms that developed a disproportionate dependence on the program. The administration is increasing scrutiny on H-1B visa applications for low-level computer programmers, focusing enforcement on ...

  Bloomberg Uncertainty about President Donald Trump’s domestic policies and weak European currencies buoyed outbound dealmaking by US companies during the first quarter of the year. US acquirers spent more than $70 billion on European targets in the three months to March 31, more than double the amount they dropped in the same period a year earlier and the most ...

  Bloomberg Seattle’s first-in-the-nation law allowing drivers-for-hire to unionize was blocked by a federal judge, giving a boost to ride-hailing companies such as Uber Technologies Inc. and Lyft Inc. US District Judge Robert Lasnik in Seattle on Tuesday granted a request by the US Chamber of Commerce to put the city’s ordinance on hold before it goes into effect. The ...

  Dubai / Emirates Business The UAE Purchasing Managers’ Indexâ„¢ (PMIâ„¢) — a composite indicator designed to give an accurate overview of operating conditions in the non-oil private sector economy — picked up to a 19-month high of 56.2 in March, from 56.0 in February. Growth of the UAE non-oil private sector gained further momentum in March, continuing the trend ...

  DUBAI / WAM Dubai Electricity and Water Authority (DEWA) has concluded its successful participation at the 5th Dubai International Government Achievements Exhibition (DIGAE), which was held from April 2-4, under the theme: ‘National Governments .. Global Achievements’. DEWA’s stand attracted many visitors who commended its innovative projects and initiatives, and actively took part in discussions, lectures, and workshops that ...

  RAS AL-KHAIMAH / WAM The real estate sector in Ras al-Khaimah has expanded considerably, increasing from AED3.401 billion in 2011 to AED4.947 billion in 2015, a total percentage of growth of 45 percent, according to a study by the RAK Chamber of Commerce. The annual growth of the real estate sector amounted to 15 percent per annum over the ...

  DUBAI / Emirates Business Emirates NBD, a leading bank in the region, announced its partnership with Samsung to provide early access to Samsung Pay, for the bank’s customers. Samsung Pay is a secure, fast and convenient mobile payment service that can be used to make contactless purchases with select Samsung devices* almost everywhere a card is accepted. The launch ...

  Tokyo / WAM Strategic, value-added partnerships are the key to ADNOC’s growth plans, as the company seeks to ambitiously expand its business by opening new markets and offering new, diversified and high-value products, according to Dr. Sultan Ahmed Al Jaber, UAE Minister of State and Abu Dhabi National Oil Company (ADNOC) Group CEO. Speaking at Gastech, the world’s leading gas ...

  Tokyo / WAM Japanese Prime Minister Shinzo Abe met with Dr Sultan bin Ahmad Sultan Al Jaber, Minister of State and CEO of the ADNOC Group, on the sidelines of Gastech Exhibition & Conference, which opened on Tuesday in Tokyo. Dr Al Jaber conveyed the greetings of the UAE leadership to the Japanese Prime Minister. Shinzo Abe reciprocated his greetings ...

  Dubai / WAM The national carrier flydubai celebrates the seventh anniversary of its operations in the Kuwaiti market, which saw travellers reaching 3.4 million on December 2016. Since its launch to and from Kuwait, one of the primary markets for the carrier in the region, flydubai has been able to develop its operations in a qualitative manner, as it provides ...