News

  Bloomberg Obamacare looks like it’s going away. Until that happens, big health insurers aren’t sure what to do with it. Republicans and President Donald Trump haven’t given details on how they’ll repeal and replace the Affordable Care Act. Uncertainty about the law, which covers millions of Americans, has left companies trying to figure out if they’re better off stuck ...

  Bloomberg Workers at BHP Billiton Ltd.’s Escondida copper mine in Chile have voted against the company’s latest wage offer, opening the door for a strike and potentially heralding a wave of stoppages at global suppliers after a rally. Prices rose above $6,000 a metric ton in London. Some 99 percent of members voted in favor of a strike, which ...

  Bloomberg Volkswagen has agreed to pay at least $1.2 billion in buybacks and compensation to settle claims from US owners of cars with larger diesel engines that the company rigged to cheat on emissions tests. And the German automaker could pay even more — as much as $4 billion — if it can’t repair many of the cars in ...

  Abu Dhabi / Emirates Business FGB, one of the leading banks in the UAE and the largest by market capitalisation, achieved a record group net profit of AED 6.03 billion for the full year 2016, compared to AED 6.01 billion in 2015, marking its 17th consecutive year of consistent growth in profitability. Full year 2016 Earnings Per Share amounted ...

  DUBAI / WAM The Dubai Islamic Economy Development Centre (DIEDC) launched its enhanced Islamic Economy Strategy for 2017-2021 under the directives of HH Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of Dubai Executive Council, and General Supervisor of the Dubai Capital of Islamic Economy initiative. Making the announcement, Sheikh Hamdan said that ...

  ABU DHABI / WAM The Executive Committee of Abu Dhabi Executive Council approved a number of projects listed in Abu Dhabi Plan, at a total cost of AED304 million. During a meeting held on Tuesday under the chairmanship of Saeed Eid Al Ghafli, the committee approved a project to develop infrastructure for an intelligent transportation system in Al Ain ...

  ABU DHABI / WAM An increased participation, interest and engagement from specialised international marine based companies is expected at the Naval Defence Exhibition (NAVDEX 2017) to be held in Abu Dhabi in conjunction with the International Defence Exhibition and Conference (IDEX). Organised by ADNEC, in collaboration with UAE Armed Forces under the patronage of His Highness Sheikh Khalifa bin ...

  TOKYO / WAM Japan imported 26.097 million barrels of crude oil from the UAE in December 2016, according to the latest data released by the Agency of Energy and Natural Resource in Tokyo. This accounted for 23.3% of Japan’s total crude imports, the agency, part of the Ministry of Economy, Trade and Industry, said. Saudi Arabia provided 44.241 million ...

  Dubai / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of UAE and Ruler of Dubai, will attend on Wednesday the ‘Giving Retreat,’ along with more than 100 senior officials, including ministers, other officials, and community and humanitarian leaders. The gathering aims to launch a permanent strategic roadmap for ongoing ideas and initiatives related to ...

  Dubai / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister of UAE and Ruler of Dubai, on Tuesday received a scientists and heads of Arab Space agencies attending Global Space Congress in Abu Dhabi. The two-day international event is organised by UAE Space Agency in Saadiyat Island, Abu Dhabi. Sheikh Mohammed said that the joint Arab ...