News

  Bloomberg The controversial Dakota Access pipeline is set to gain the final go-ahead for completion after President Donald Trump asked for a speedy approval. The US Army said it will grant Energy Transfer Partners LP the easement it needs to finish the line that will ship almost half a million barrels of crude a day from North Dakota’s shale ...

  Bloomberg Apple Inc. has hired Timothy D. Twerdahl, the former head of Amazon.com Inc.’s Fire TV unit, as a vice president in charge of Apple TV product marketing and shifted the executive who previously held the job to a spot negotiating media content deals. The moves suggest a renewed focus on the Apple TV and on providing more content ...

  Bloomberg UK companies are facing tighter margins as the pound’s slide starts to fuel cost increases, according to the British Chambers of Commerce. Sterling’s drop since Britain voted to leave the European Union is having a negative impact on the domestic sales margins of nearly half of businesses surveyed, while the effect on exports is mixed, the BCC said. ...

  Bloomberg Only 5 percent of large UK companies say their boards include directors with expertise in information technology or cyber security, even though the vast majority identify hacking and other digital threats as serious risks, a report showed. In the event of a cyber attack, more than half of companies in the FTSE 100 stock index cited contingency, crisis ...

  Bloomberg Problems facing the British labor market including skills shortages and an aging population are likely to be exacerbated by Brexit, according to Mercer. Those gaps will no longer be filled by foreign workers, which are set to decrease in number as the UK negotiates a new relationship with the European Union, the consulting firm said in a report. ...

  DUBAI / WAM The future is in the hands of UAE youth, and they are the bet of the country for a brighter future, said Vice President and Prime Minister of the UAE and Ruler of Dubai His Highness Sheikh Mohammed bin Rashid Al Maktoum, during a toured on Tuesday of the Youth Achievements Exhibition. The event is organised ...

  DUBAI / WAM Ministry of Finance (MoF) will highlight UAE’s leading financial and economic model and the importance of strengthening financial ties with the Arab nations and others during the World Government Summit (WGS) 2017. The summit which is being held under the patronage of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of the ...

  DUBAI / WAM Dubai Supreme Council of Energy (DSCE) reviewed progress on several key projects, initiatives and programmes, including the World Green Economy Organisation, a hydroelectric power station in Hatta, and the Dubai Green Mobility initiative. This came up at council’s 43rd meeting, which was chaired by Saeed Mohammed Al Tayer, Vice Chairman of DSCE. The meeting discussed important ...

  Sharjah / Emirates Business An independent survey covering the most powerful and dynamic global economies, has named Sharjah as one of the top ten cities in the world for connectivity. Ranked at number six, Sharjah comes ahead of Frankfurt, Manchester, Miami and Dubai, reflecting its superb regional infrastructure and attraction as a business destination for foreign investors. Announcing the ...

  Dubai / WAM Dubai’s Roads and Transport Authority (RTA) said its key unit Rails Agency completed the Phase One of the Rails Infrastructure Maintenance Management System Project (RIMMS) which involves the compiling of a comprehensive database. The project, which plays a key role in leveraging the performance of Dubai Metro and Tram and upgrading the services on offer to various ...