News

  Bloomberg Toyota Motor Corp. plans to upgrade its UK carmaking plant in a sign that concerns about Brexit won’t derail its investments in the country for now. The world’s second-biggest auto manufacturer will spend 240 million pounds ($294 million) to update equipment and technology at a factory in Burnaston, England to allow the production of models on its latest ...

  Bloomberg Beginning construction of US houses climbed to a four-month high in February, led by the strongest pace of single-family homebuilding in nearly a decade. Residential starts advanced 3 percent to a 1.29 million annualized rate, a Commerce Department report showed on Thursday. The median forecast of economists surveyed by Bloomberg was 1.26 million. Construction of one-family dwellings rose ...

  Bloomberg The UK government intervened in 21st Century Fox Inc.’s 11.7 billion-pound ($14.4 billion) bid to take over Sky Plc, asking regulators to report back within 40 working days on how the deal would affect public-interest issues. “Today, I have issued a European Intervention Notice on the grounds of media plurality and commitment to broadcasting standards,” UK Culture Minister ...

  Bloomberg President Donald Trump said that he’s open to negotiation on the Republican plan to repeal and replace the Affordable Care Act, as conservative and moderate GOP lawmakers push changes to the proposal. Trump was asked by Fox News’s Tucker Carlson whether the legislation, called the American Health Care Act, was the best Republicans could do after seven years ...

  Dubai / WAM H.H. Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of Dubai Executive Council, on Wednesday announced that Dubai’s non-oil foreign trade in 2016 reached AED1.276 trillion despite the global slowdown. Sheikh Hamdan pointed out that the value of Dubai’s external trade rose 70 percent from AED754 billion in 2009 to AED1.276 trillion in 2016. ...

  Kuwait / Emirates Business The State of Kuwait on Wednesday announced that it has successfully issued its inaugural dual-tranche USD 8 billion bond offering into the international debt markets. Notes due in 2022 (the five-year Bonds) and for the value of USD 3.5 billion and notes due in 2027 (the 10-year Bonds) for the value of USD 4.5 billion. ...

  ABU DHABI / WAM Residents of the United Arab Emirates have a resoundingly positive view of the country they live in and of the future, in stark contrast to views from other countries around the world. According to Brunswick Insight’s global research, an overwhelming sense of well-being and security, trust in the capacity of business for doing good, and ...

  Dubai / WAM Emirates Central Cooling Systems Corporation (EMPOWER) achieved LEED Gold Certification from the US Green Building Council for its third cooling plant located in Business Bay in Dubai. The certificate honours Empower’s efforts to preserve the environment, as the company is keen to ensure its projects are up to the international standards and its work goes in line ...

  Abu Dhabi / WAM “The cyber attacks sought to deface and block government websites, including denial of service, hacking, deception, fraud, and identity and document theft,” said Eng. Mohammed Al Zarooni, Director of TRA’s Policy and Programs Department, in a statement to Emirates News Agency (WAM). He noted that private companies were the most vulnerable to such attacks, registering 510 ...

  Dubai / WAM As part of the 37th Plantation Week, Dubai Municipality opened on Wednesday Al Mizhar-2 Park in the presence of Sultan Butti Bin Mejren, Director-General of Dubai Land Department, Hussain Nasser Lootah, Director-General of Dubai Municipality and a number of senior officials. Accompanied by Lootah and other Municipality officials, Bin Mejren toured the park, planted a group of ...