News

Bloomberg The White House is divided over how hard to come down on cheap steel imports in a debate that will help set the tone for future trade policy, according to two industry representatives briefed on the discussions. As the Commerce Department prepares to disclose its findings from an investigation into possible national-security threats posed by steel shipments, Secretary Wilbur ...

Bloomberg Lyft Inc. complained to a judge that Uber Technologies Inc. moved to drag it into the larger ride-hailing company’s trade-secrets fight with Waymo two days after Lyft and the Alphabet Inc. unit announced an autonomous driving partnership. Lyft said Uber has demanded confidential information about “expansive and irrelevant topics” including an analysis of Lyft as a potential acquisition target ...

Bloomberg A former UBS Group AG compliance officer and a day trader charged by UK regulators with insider trading appeared in a London court for the first time to face allegations that they made 1.4 million pounds (1.8 million) illegally trading shares of Elizabeth Arden Inc. and four other companies. Fabiana Abdel-Malek, 34, and Walid Choucair, 38, were charged by ...

Bloomberg French luxury tycoon Bernard Arnault is optimistic about the country’s new president, but he’s worried about the global economy. The chief executive officer of LVMH visited a technology fair in Paris where he mingled with startup founders and shook hands with 39-year-old President Emmanuel Macron, saying he is “very happy” with the new leader. Macron, who’s set to consolidate ...

DUBAI / WAM A UAE official delegation, headed by the Telecommunications Regulatory Authority (TRA) has concluded its participation in the World Summit on the Information Society (WSIS) Forum. The forum was held at the International Telecommunication Union headquarters in Geneva, from June 13-16. During the forum the Khalifa Students Empowerment Programme ‘Aqdar’ won the WSIS Prize for ‘E-Safe School Online ...

DUBAI / Emirates Business Musafir.com, the UAE’s first home grown, premium-experience travel website, has signed a new regional GCC agreement with Amadeus, a leading technology partner in the global travel industry, to further enhance its e-commerce offering. The agreement will see Amadeus provide Musafir.com with its industry-leading business intelligence technologies.

Dubai / Emirates Business Saudi Arabia has a pipeline of over $250bn worth of projects under development that have not yet seen their main construction contracts awarded, according to Saudi Arabia 2017: Delivering Vision 2030, a new report from business intelligence service MEED. According to the report, Saudi Arabia’s pipeline of unawarded projects accounts for about 39 per cent of ...

DUBAI / WAM HH Sheikh Ahmed bin Saeed Al Maktoum, Chairman of Dubai Civil Aviation Authority, Chairman of Emirates Group and Chairman of the Dubai Supreme Council of Energy, chaired the Supreme Council’s 46th meeting, attended by Saeed Mohammed Al Tayer, Vice Chairman of the Supreme Council of Energy. During the meeting, the council reviewed the strategic projects, initiatives and ...

Dubai / Emirates Business A recent analysis conducted by the Dubai Chamber of Commerce and Industry revealed that Dubai’s total date trade amounted to $221.7 million in 2016, of which exports accounted for the largest share ($85.1 million), followed by imports ($72.1 million) and re-exports ($64.5 million). Dubai’s export share of the emirate’s total date trade stood at 38% in ...

Abu Dhabi / WAM The Ministry of Human Resources and Emiratisation has declared the Eid Al Fitr holiday as an official paid holiday for all private sector employees in the UAE, and will take place on the first and second days of Shawwal in the Islamic year 1425. This came in a Ministerial Circular issued by Saqr bin Ghobash Saeed ...