News

  Bloomberg Ninety-seven companies, from Apple Inc. to Zynga Inc., filed an impassioned legal brief condemning President Donald Trump’s executive order on immigration, stepping up the industry’s growing opposition to the policy. The amicus brief was filed late on Sunday in the Ninth Circuit Court of Appeals and emphasizes the importance of immigrants in the economy and society. The companies ...

  Bloomberg Toyota Motor Corp. raised its full-year forecasts — albeit falling short of analysts’ estimates — as the carmaker sought to navigate rising protectionism under US President Donald Trump and as the yen’s volatility weighed on prospects for exports of its Prius and Lexus models. Operating profit will probably be 1.85 trillion yen ($16.4 billion) in the year through ...

  ABU DHABI / WAM Abu Dhabi Securities Exchange (ADX) announced that margin trading financing reached AED15.2 billion in 2016, representing 15.4 percent of the total trading value (buy and sell), which amounted to AED98 billion. The increase in the value of this trading is due to the increased number of brokerage companies that offer this service reaching 33 out ...

  DUBAI / WAM Asia and the Middle East have the largest selection of freight and urban transport projects in the world with more than $642 billion worth of planned railway investments, according to a report. According to a report by Terrapinn Middle East in collaboration Ventures ONSITE, the value of total GCC rail projects in pipeline stands at over ...

  Abu Dhabi / Emirates Business HE Eng Sultan bin Saeed Al Mansoori, UAE Minister of Economy, will lead a top-level economic delegation from the UAE to the Republic of Turkey to attend a series of meetings for two days for the 9th session of the Joint Economic Committee (JEC) between the two countries. The meetings will be held in ...

  ABU DHABI / WAM Abu Dhabi Tourism and Culture Authority (TCA Abu Dhabi) is hosting a 50-strong delegation of senior travel industry experts from the United States on a tour of the emirate’s key attractions as it bids to strengthen ties with one of its key global markets. The high-profile attendees on the trip are all travel agency owners ...

  RIGA / WAM Hanan Khalfan Al Alili, UAE Ambassador to Latvia, met a number of ministers of the Republic who will be accompanying President Raimonds Vejonis of Latvia during his upcoming visit to the UAE to participate in the Gulfood Exhibition in Dubai on February 26. Ambassador Al Alili held separate meetings with Janis Duklavs, Minister of Agriculture, Uldis ...

  Abu Dhabi / WAM His Highness Sheikh Abdullah bin Zayed Al Nahyan, Minister of Foreign Affairs and International Cooperation, discussed ways of enhancing bilateral co-operation with Ayman Al Safadi, Minister of Foreign Affairs and Expatriates of Jordan, in Abu Dhabi on Sunday. The two ministers also exchanged their views on the latest regional and global developments, along with how to ...

  Abu Dhabi / WAM The Global Manufacturing and Industrialisation Summit (GMIS) being held in Abu Dhabi in March, on Sunday announced details of one of the summit’s showcase events, the Global Value Chain Market (GVCM) which is designed to bring businesses together by facilitating matchmaking and trade opportunities throughout the manufacturing sector. Supported by the United Nations Industrial Development Organisation, ...

  Dubai / WAM Dubai Electricity and Water Authority (DEWA) organised a workshop on three-dimensional Customer Happiness Centres and preparations for evaluating seven-star services in cooperation with Ethos Consultancy. The three-day workshop highlighted the global star-rating system and organisational excellence. It discussed the assessment of the star-rating process and provided an overview of relevant initiatives and models. Commenting on the occasion, ...