News

  Bloomberg A European Union court on Tuesday dismissed a bid by 26 companies to annul anti-dumping tariffs imposed by the bloc on Chinese solar panels more than three years ago. In a separate decision, the EU’s executive Commission confirmed hefty new anti-dumping duties on imports of heavy steel plates from China. The 28-nation EU raised import duties on Chinese ...

  Bloomberg UK consumer confidence weakened this month as the pound’s slide, rising prices and weak pay growth began to weigh on the powerhouse of Britain’s economy. GfK’s household-sentiment index fell in February, remaining below zero for a 10th month, and the appetite for making major purchases decreased, indicating that Britons may be starting to rein in spending. A separate ...

  Bloomberg Rolls-Royce Holdings Plc will freeze salaries for 8,000 managers as Europe’s biggest aircraft-engine maker deepens cost cuts after earnings fell by almost half in 2016. While raises for managers and executive staff will be announced as usual in March, they won’t be implemented until September, with no backdated payments, Chief Executive Officer Warren East said in an internal ...

  Bloomberg Brexit may aggravate a headache for the UK’s embattled steel industry: more under-priced Chinese supply, according to a trade group. Britain, which is looking toward a future of free trade outside the European Union, has for years resisted a proposal that would raise EU tariffs on imported steel, saying it would increase costs for users. If the UK ...

  ABU DHABI / WAM The national service is one of the bedrocks for building generations who are capable of addressing challenges and instilling the values of loyalty, belonging and sacrifice for protecting the nation, preserving its achievements and gains, spurring national development and consolidating the nation’s security and stability, said His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown ...

  ABU DHABI / WAM A total of 43 out of the 66 public-listed local and foreign companies on the Abu Dhabi Securities Exchange (ADX) announced cash dividends worth AED22.7 billion in 2016. The cash dividends paid by the listed companies grew by 9 percent compared to 2015 when it stood at AED20.8 billion. The number of local and foreign ...

  ABU DHABI / WAM COAD, the Competitiveness Office of Abu Dhabi of Abu Dhabi Department of Economic Development (ADDED) announced its 2017-2021 strategy during a workshop held at the Department’s headquarters in the presence of representatives of more than 18 local and federal governmental entities. The COAD’s 2017-2021 Strategy stresses the importance of implementing several strategic initiatives in line ...

  DUBAI / WAM The Federal National Council (FNC) Technical Affairs, Energy and Mineral Resources Committee continued discussing a draft federal law on the trading of oil products, during its fifth meeting for the Second Ordinary Session of the 16th Legislative Chapter at its headquarters in Dubai. The meeting was presided over by Mohammed Ali Al Kamali, Head of the ...

  Dubai / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, toured on Monday the Gulfood 2017, a food and beverage commodity expo, held at Dubai World Trade Centre (DWTC). Sheikh Mohammed was accompanied by Chairman of Dubai Civil Aviation and Chief Executive of Emirates Group HHSheikh Ahmed ...

  Dubai / WAM Dubai Municipality has organised a ceremony at its stall at the Gulfood 2017 exhibition to distribute accreditation certificates to the certification bodies that oversee halal food products all over the world. In the presence of H.H. Sheikh Hamdan bin Rashid Al Maktoum, Deputy Ruler of Dubai and UAE Minister of Finance and Chairman of Dubai Municipality, Eng. ...