News

  Bloomberg Treasuries traders who delayed holiday getaway plans on Friday took away a clear message from Federal Reserve Chair Janet Yellen — a mid-year interest-rate hike may be on the way. Yellen’s remark that the Fed will raise rates “probably in the coming months” drove benchmark two-year note yields higher for a third consecutive week. The comments at an ...

  Bloomberg Argentine President Mauricio Macri announced an amnesty on an estimated $500 billion of unregistered funds stashed abroad to pay pensioners and help fund a multi-billion dollar infrastructure program. The funds will pay a tax of zero percent to 15 percent depending on the amount and when they are brought back into the country, the government said in a ...

  Bloomberg Jawbone Inc. is set to be a much smaller company, according to reports that it’s ending production of its fitness trackers and seeking buyers for its speaker business. The closely held company has put its speaker business up for sale, Fortune said, citing anonymous sources, in a report on its website. Later, Tech Insider reported that Jawbone has ...

  Bloomberg Brazil’s real extended its worst week since December and stocks fell as speculation the country’s political crisis will escalate dimmed expectations that Acting President Michel Temer will be able to restore confidence in Latin America’s biggest economy. The real led losses among the world’s major currencies this week after recordings released by newspapers suggested that Temer’s PMDB party ...

  BERLIN / WAM The UAE is participating in the 19th Arab-German Business Forum, organised in Berlin, as a partner country of the event. Sultan bin Saeed Al Mansouri, Minister of Economy, is heading the UAE delegation which includes other senior officials from the ministry and other local and federal government bodies. More than 600 leading Arab and German experts ...

  Dubai / WAM The Telecommunications Regulatory Authority (TRA) has been awarded with the 21st Middle East Smart Government and Smart Cities Excellence Award under the smart e-services category, for its successful implementation of the UAE Government’s FEDnet project. The award was given by Middle East Excellence Awards Institute. Abdelnasir Rahma Obaid Al Shamsi, Senior Manager for Infrastructure Management in E-Government ...

  Dubai / WAM Dubai Investment Development Agency (Dubai FDI), an agency of the Department of Economic Development (DED) in Dubai, signed a memorandum of understanding (MoU) with Etisalat to ensure that investment development initiatives and investors in Dubai will be supported by the latest information and communication technology (ICT) solutions. Under the MoU, Etisalat will provide state-of-the-art ICT solutions, including ...

  Dubai / WAM Dubai Electricity and Water Authority (DEWA) opened registration for the 12th Best Consumer Awards, which encourage residential customers to use energy sensibly, and raises awareness about the importance of adopting environmentally-friendly practices. The awards reflect DEWA’s efforts to encourage customers to reduce their daily use of electricity and water, and supports its strategy to reduce energy demand ...

  Dubai / WAM The Dubai Chamber of Commerce and Industry’s ENGAGE Dubai initiative recently organised its largest and most prestigious employee volunteering initiative ‘Give & Gain Day’ in UAE. Managed by the Chamber’s Centre for Responsible Business, the global event was organised in cooperation with Business in the Community (BITC) UK. Last year over 31,000 volunteers in 36 countries ...

  ABU DHABI / WAM Etihad Airways, the national carrier of the United Arab Emirates, has been presented with the title of ‘Most Innovative Airline of the Last Ten Years’ at the Telegraph UltraTravel Awards, which were held at the London Savoy Hotel. The awards are known as the ULTRAs and are conducted by an annual survey where readers of ...