News

  Bloomberg The US economy grew in the fourth quarter at a faster pace than previously reported on higher consumer spending, Commerce Department data showed Thursday in Washington. Gross domestic product rose at a 2.1 annualized pace (forecast was for 2 percent), revised from 1.9 percent. Consumer spending, the biggest part of the economy, rose at a 3.5 percent rate, ...

  Bloomberg Many of America’s biggest corporations including Apple Inc. and Wal-Mart Stores Inc. are sticking by their pledges to fight climate change even as President Donald Trump guts his predecessor’s environmental policies. Companies say their pledges, coordinated by the Obama administration, reflect their push to cut energy costs, head off activist pressure and address a risk to their bottom ...

  Bloomberg JPMorgan Chase & Co. is in talks to buy a Dublin office building as the bank considers expanding in the Irish capital as one of its options for when Britain leaves the European Union, according to people with knowledge of the matter. The lender is negotiating the potential purchase of a building in Dublin’s Capital Dock that’s being ...

  Bloomberg Volkswagen AG will soon do what’s been impossible since its emissions crisis began: sell diesel-powered cars in the US. The company received approval from the Environmental Protection Agency for its dealers to sell 2015 model year diesels after updating the vehicles’ emissions software, VW Group of America spokeswoman Jeannine Ginivan said. The software update is part of a ...

  ABU DHABI / WAM The move towards quality healthcare as well as an increase in demand for preventive care and digital health will contribute to a massive 60 percent growth of the UAE’s healthcare sector in five years, according to a new study by MENA Research Partners (MRP), a leading research company in the region. The current AED64 billion ...

  ABU DHABI / WAM ZonesCorp, the largest developer and operator of purpose-built industrial zones in the UAE, unveiled a new development designed to support the growth of small and medium-sized enterprises, SMEs, in Abu Dhabi. The new zone being developed by ZonesCorp will feature 261 prefabricated, ready-to-use units covering an area of just over 300,000 square metres. Overall, 80 ...

  Dubai / WAM AED396 million worth of business deals were sealed at the 17th edition of the Dubai World Dermatology and Laser Conference and Exhibition, known as Dubai Derma, which concluded on Wednesday. Some 540 companies from 85 countries took part in the three-day event, which included participation from around 15,000 visitors, according to Dr. Abdul Salam Al Madani, Executive ...

  Dubai / WAM Middle East airports are making massive investments towards expansion projects to drive global aviation growth and attract global manufacturers and suppliers to explore business opportunities in the region’s aviation sector. In order to address a capacity gap, over $100 billion worth of airport projects is underway and planned across the Middle East, according to a recent report ...

  Abu Dhabi / Emirates Business Abu Dhabi National Insurance Company (ADNIC), one of the leading regional multi-line insurance providers for corporates and individuals, has been included as a Participating Insurer (PI) by the Dubai Health Authority (DHA) to offer health insurance coverage under its Essential Benefits Plan. Speaking on ADNIC’s appointment as a PI for the DHA, Ahmad Idris, ...

  Abu Dhabi / WAM Abu Dhabi Police have managed, in less than 24 hours, to arrest four Asian hackers who had stolen more than AED1 million from unsuspecting consumers’ financial accounts by installing skimmer devices on ATMs across the country . Anti-cyber crime experts from Abu Dhabi Criminal Investigation Department (CID) unraveled the mystery behind the crime in which the ...