News

  AP Construction of the Dakota Access pipeline under a North Dakota reservoir has begun and the full pipeline should be operational within three months, the developer of the long-delayed project said Thursday, even as an American Indian tribe filed a legal challenge to block the work and protect its water supply. The Army granted Energy Transfer Partners formal permission ...

  Bloomberg Looking at UK homebuilding shares this week, you might think the Brexit vote never happened. More than seven months after the country voted to leave the European Union, the stocks closed above the level last seen before the decision. Investor concern that Britain would face economic disaster sent those shares plunging 14 percent in the two days following ...

  Bloomberg Ferdinand Piech vanished from the corporate scene for almost two years after abruptly departing Volkswagen AG, the carmaker his grandfather built. Now he’s looking to settle old scores. Piech, Volkswagen’s former chief executive officer, chairman and one of its biggest shareholders, has rekindled accusations that top managers knew about falsified emissions tests months before publicly admitting to it. ...

  Bloomberg Zurich Insurance Group AG fell in Zurich trading after posting a quarterly profit supported by one-time gains as Chief Executive Officer Mario Greco presses ahead with an overhaul of Switzerland’s largest insurer. Net income for the three months through December amounted to $685 million compared with a loss of $424 million a year earlier due to restructuring costs ...

  ABU DHABI / WAM Dr Amal Abdullah Al Qubaisi, Speaker of the Federal National Council (FNC) and Faisal Al-Fayez, Jordan’s Senate President (Majlis Al-Aayan), met for an official discussion at the FNC headquarters in Abu Dhabi. The session focussed on strong historical relations between the UAE and Jordan and their people, as well as strengthening the parliamentary, economic, cultural ...

  ABU DHABI / WAM According to official figures from the Abu Dhabi and Dubai Securities Exchange, the value of margin trading finance reached AED85.7 billion in 2016, an increase of 12.7 percent from AED76 billion in 2015. An analysis by Emirates News Agency, WAM, showed that the value of the margin trading finance, presented by brokerage companies to their ...

  Dubai / Emirates Business The Smart Dubai Office and ENOC signed an MOU to increase coordination between ENOC and Smart Dubai on the city’s smart transformation objectives. It will promote cooperation, effective communication and reciprocal facilitation between the parties in alignment with goal of Smart Dubai initiative, to promote seamless and efficient city experiences in all aspects of city ...

  Dubai / WAM His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, attended on Wednesday a banquet hosted in his honour by Ali Abdullah Al Sha’far at his residence in Umm Suqeim district 1, Dubai. HH Sheikh Mansour bin Zayed Al Nahyan, Deputy Prime Minister and ...

  Dubai / WAM His Highness Dr. Sheikh Sultan bin Mohammed Al Qasimi, Supreme Council Member and Ruler of Sharjah, has highlighted Sharjah’s efforts to preserve the environment and bio-diversity by the conservation of many endangered plants and animals. He added that 3 to 4 million trees can be planted every year from available seed stock. During his visit to the ...

  Abu Dhabi / WAM His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, on Wednesday offered his heartfelt condolences to the families of martyrs Rashid Ali Mohammed Al Duhoori and Obaid Jawahar Obaid Al Mazrouie. Al Duhoori was killed while carrying out his national duty as part ...