News

AJMAN / WAM As part of its emphasis to invigorate foreign economic cooperation, the Ajman Chamber of Commerce and Industry (ACCI) received Husin Bagis, Ambassador of Indonesia to the UAE, to discuss and enhance economic relations between the two sides. Accompanied by Hiro Surso Sodrajad, Counselor at the Embassy of Indonesia, the ambassador was received by Salem Al Suwaidi, Director-General ...

DUBAI / WAM Dubai Customs represented by the Passenger Operations Department at Dubai’s airports has signed a service level agreement (SLA) with Emirates Airlines. The purpose of the SLA is to ensure higher standard of performance, maintain a safe and secure environment for customers and staff, and provide high quality service for the carrier and customers. The agreement was signed ...

ABU DHABI / WAM The Abu Dhabi Systems and Information Center (ADSIC) and the Telecommunications Regulatory Authority (TRA) signed a Government Data Exchange MoU, with the aim of benefiting from government services in Abu Dhabi through the Abu Dhabi Enterprise Service Bus platform. The agreement was signed by Rashid Lahij Al Mansouri, Director General of ADSIC and Hamad Obaid Al ...

DUBAI / WAM The Board of Executive Directors of Roads & Transport Authority (RTA) chaired by Mattar Al Tayer, Director-General and Chairman of the Board of Executive Directors has endorsed quick solutions at more than 5 congested traffic spots in Dubai. Improvement works in these hotspots are expected to be completed by the first quarter of 2018. “These traffic solutions ...

ABU DHABI / WAM The Abu Dhabi General Services Company, Musanada, has revealed that it has completed the emergency department renovation and expansion project at Al Rahba Hospital, to be eventually be handed over to Abu Dhabi Health Services Company, Seha, during the third quarter of 2017. This forms part of Musanada’s efforts to deliver projects that will achieve the ...

Bloomberg Eight years after it was given the power to meaningfully change smoking in America, the US Food and Drug Administration (FDA) moved to do so. The FDA announced it would take advantage of powers in the Family Smoking Prevention and Tobacco Control Act — a law enacted under a Democratic Congress and then-President Obama — to cut the level ...

Bloomberg German’s major automakers were accused in a US lawsuit of acting as a cartel, colluding for nearly two decades to limit the pace of technological advances in their vehicles and stifle competition — allegations that widen the scope of the latest scandal to hit the nation’s auto industry. BMW AG, Daimler AG, Volkswagen AG and its Audi and Porsche ...

Bloomberg Netflix Inc., which has been spending billions of dollars on TV shows and movies for its online video service, lined up a $500 million revolving credit facility through five lenders including Deutsche Bank AG and Goldman Sachs Group Inc. The company has the option to increase the credit line by $250 million, according to a regulatory filing on Friday. ...

Bloomberg An extended shutdown of a Ford production facility in Turkey is due to a supply shortage of a transmission produced in Bordeaux, according to people with direct knowledge of the matter, who asked not to be named because the issue hasn’t been publicly announced. The Ford Otosan plant in Yenikoy, Kocaeli province, a joint venture between Ford Motor Co. ...

Bloomberg Caution lights are flashing for the oil industry. Facing lower-than-expected commodity prices, drillers from ConocoPhillips to Hess Corp. to Statoil ASA have slashed their capital spending plans in recent days, as companies lay out their plans to cope with oil prices stuck below $50 a barrel. The budget cuts won’t necessarily mean less oil or natural gas on the ...