News

  Bloomberg European Union officials are ruling out any discussions with UK Prime Minister Theresa May over a post-Brexit trade deal until she agrees to settle Britain’s financial commitments to the bloc. In a sign the EU is toughening its stance as Britain prepares to trigger two years of negotiations, two European officials familiar with the plan said in the ...

  Bloomberg Output at US manufacturers rose in February for a sixth consecutive month, underscoring a sustained rebound in the industry. The 0.5 percent gain at factories, which make up 75 percent of overall industrial output, matched the prior month’s advance, marking the best back-to-back performance in three years, a Federal Reserve report showed. Total industrial production, which includes mines ...

  Bloomberg About 1,500 workers at three Indiana factories are facing layoffs despite hopes that President Donald Trump would convince the companies to reverse plans for moving production to Mexico. United Technologies confirmed that the first wave of about 50 layoffs happened last week at its electronics plant that had about 700 workers in Huntington. The plant in the northeastern ...

  ABU DHABI / WAM The UAE financial markets closed with a profitability in weekend trading with heavy stocks, which strengthened their gains for the second straight session, amid continued buying by some corporations. The market value share gains traded by companies amounted to AED6.3 billion, according to official figures released after the close of trading. The general index of ...

  WASHINGTON / WAM His Highness Sheikh Abdullah bin Zayed Al Nahyan, Minister of Foreign Affairs and International Cooperation, held separate meetings with Paul Ryan, Speaker of the US House of Representatives, and Ed Royce, Chairman of the House Foreign Affairs Committee, in Washington DC. During the two meetings, the parties discussed means of boosting joint bilateral relations between the two ...

  Dubai / Emirates Business As part of its efforts to enhance cooperation on innovation-focused initiatives, the Dubai Chamber of Commerce and Industry (DCCI) recently hosted representatives from the Abu Dhabi Fund for Development (ADFD) at its head office. The meeting focused on best practices in business innovation that have been adopted by Dubai Chamber, while it also highlighted the ...

  Abu Dhabi / WAM Etihad Airways, in accordance with the US Federal District Court order issued on March 15, will continue to accept guests of all nationalities for travel to the US provided they have valid travel documents and, if necessary, visas. Etihad Airways, the national airline of the United Arab Emirates, said in a statement released on Thursday: “We ...

  Dubai / Emirates Business With the Indian government’s decision to relax daily account withdrawal limits, Indian expats in UAE can now send money to India through Xpress Money without any worry. With the availability of cash returning to normal, recipients can instantly collect the full amount in cash across the 55,000 outlets of Xpress Money in India. Remittance recipients ...

  DUBAI / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of UAE and Ruler of Dubai, visited the Global Education Supplies and Solutions Exhibition (GESS), organised by the Ministry of Education, at the Dubai World Trade Centre on Thursday morning. HH Sheikh Mohammed bin Rashid visited more than 500 public and private sector pavilions of ...

  Dubai / WAM The world’s first Jones the Grocer Express opened at Dubai International (DXB) Airport. Located in Terminal 3B, the outlet is the first in a series of unique bespoke food and lifestyle concepts to be rolled out at the world’s busiest airport. Eugene Barry, Executive Vice President of Commercial and Communications at Dubai Airports, said, “We’re delighted to ...