News

  Bloomberg Tesla Motors Inc. reported fourth-quarter deliveries that fell short of its own forecasts, sending shares lower in after-market trading, as production delays continue to plague the carmaker led by Chief Executive Officer Elon Musk. The Palo Alto, California-based maker of electric cars and energy-storage products delivered about 22,200 vehicles in the final three months of last year, according ...

  Bloomberg Manhattan resale home prices tumbled by the most in more than four years, a sign that sellers are lowering their expectations in a slowing market where buyers have the option to walk away. The median price of previously owned condominiums and co-ops fell 6.3 percent in the fourth quarter from a year earlier to $900,000, according to a ...

  Bloomberg AT&T Inc. has reached speeds of up to 14 gigabits a second in lab trials of 5G wireless technology, and plans to test the high-speed network by beaming its DirecTV Now video service to homes in Austin, Texas before midyear. Through a collaboration with a dozen partners including Intel Corp., Ericsson AB and Qualcomm Inc., AT&T plans to ...

  Dubai / WAM Dubai Municipality has organised a ceremony entitled, “Together, Let’s Innovate” to honour employees who submitted innovative suggestions under the DM’s Suggestion Scheme. The corporate suggestion scheme, with the slogan, “Have Your Say”, picked up 89 winning ideas which were implemented by the civic body, resulting in performance enhancement as well as material savings and income for ...

  DUBAI / WAM Dubai Investments has broken ground on the Mirdif Hills project, being developed by its subsidiary, Dubai Investments Real Estate Company (DIRC). The AED3 billion Mirdif Hills is a mixed-use residential, commercial and retail development spread across 3.9 million square feet and equipped with 1,054 apartments. The ground-breaking ceremony was held onsite in the presence of Khalid ...

  ABU DHABI / WAM Borouge, a leading petrochemicals company and a joint venture between Abu Dhabi National Oil Company (ADNOC) and Austria-based Borealis, is set to showcase its diverse portfolio of differentiated and sustainable polyolefin solutions at ArabPlast 2017, the region’s largest plastics, petrochemicals and rubber trade show to be held in Dubai from January 8-10. Participating as the ...

  ABU DHABI / Emirates Business Abu Dhabi National Exhibitions Company (ADNEC) on Tuesday announced that all internal and external areas allotted to the International Defence Exhibition & Conference (IDEX 2017) and Naval Defence Exhibition (NAVDEX 2017) have been allocated and rented out to major players in the regional and global defence industry. Organised by ADNEC in cooperation with the ...

  Sharjah / Emirates Business His Highness Sheikh Sultan bin Mohammed Al Qasimi, member of the Federal Supreme Council and Ruler of Sharjah, approved a budget of AED 22 billion for 2017, the largest in the emirate’s history. The total amount is a 3% increase from 2016’s budget and focuses on several strategic objectives and indicators within the economic, social, ...

  Abu Dhabi / WAM His Highness Sheikh Hazza bin Zayed Al Nahyan, Deputy Chairman of Abu Dhabi Executive Council, has described UAE Vice President, Prime Minister and Ruler of Dubai, His Highness Sheikh Mohammed bin Rashid Al Maktoum, as a man of innovations and accomplishments. “Sheikh Mohammed bin Rashid Al Maktoum is a man of innovations and accomplishments. He has ...

  Abu Dhabi / WAM A high-ranking delegation representing Astana EXPO 2017, that will include the President of Kazakhstan, Nursultan Nazarbayev, is to have a significant presence at the World Future Energy Summit (WFES) in Abu Dhabi. President Nursultan Nazarbayev will officially unveil the Astana EXPO 2017 pavilion on January 16, the opening of the four-day summit. He will be joined ...