News

Bloomberg Wil VanLoh, a Houston private-equity manager, has links to a $1 million contribution to a group supporting Ted Cruz’s presidential bid. The group, Stand for Truth, disclosed today that it received $1 million in January from a Houston company identified as Trinity Equity. Trinity shares an address with Quantum Energy Partners, a private-equity firm VanLoh runs with $9 billion ...

Detroit / AP An auto safety advocate is calling on the government to reopen an investigation of rear-crash fires in older Jeep SUVs after finding at least 11 more deaths since the vehicles were recalled. The deaths show that the recall repair — installing a trailer hitch to protect gas tanks in low-speed crashes — hasn’t been effective, said Clarence ...

San Francisco / AFP Google chief executive Sundar Pichai will meet with the European Union’s competition commissioner Margrethe Vestager in Brussels in the coming week, a source familiar with the matter said. European competition officials have been investigating the US tech giant for years over alleged monopolistic practices involving its search engines, but any resolution has been elusive. Three successive ...

La Paz / AFP Bolivians vote Sunday on a constitutional reform that would allow Evo Morales to seek a fourth term as president, potentially extending his stay in office until 2025. Morales, Bolivia’s first indigenous president, was first elected to office in 2006 and re-elected twice. His current term ends in 2020. The 56 year-old leader is the longest-serving president ...

DUBAI / WAM Vice President and Prime Minister and Ruler of Dubai, His Highness Sheikh Mohammed bin Rashid Al Maktoum, on Sunday received Professor Carl-Henrik Heldin, Chairman of the Board of the Nobel Foundation, who took part in the opening ceremony of the second edition of the Nobel Museum Exhibition 2016, in Children’s City at Dubai Creek Park. The exhibition ...

DUBAI / EMIRATES BUSINESS In a bid to meet the requirement of the International Monetary Fund (IMF) on Government Finance Statistics (GFS) and complete the linking of the federal government financial system to that of all emirates; the Ministry of Finance (MoF) has announced that Dubai’s financial system has been electronically linked to that of the federal government. The announcement was ...

DUBAI / WAM Emirates Airlines that it will be the official airline sponsor of the Los Angeles Dodgers. This new deal expands Emirates’ international footprint as a supporter of sports and culture, marking the airline’s entry into the world of baseball. “Baseball is a sport that unifies many communities across the US. The spirit of competition and fair play, the ...

DUBAI / WAM Dubai Financial Market (DFM) has successfully participated in the Middle East Fraud Conference hosted by the Financial Audit Department of Dubai Government on in cooperation with the Association of Certified Fraud Examiners (ACFE). As a supporting sponsor of the event, which attracted as many as 450 anti-fraud professionals, DFM highlighted its cutting-edge capabilities of Trading Surveillance, Audit ...

KOCHI / WAM As per the directives of Vice President and Prime Minister and Ruler of Dubai His Highness Sheikh Mohammed bin Rashid Al Maktoum, and following the successful historic visit to India by His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, Dubai Holding has opened ...

ABU DHABI / WAM ADNOC Distribution has announced the temporary closure of Al Jazeera service station, located on Sheikha Fatima bint Mubarak Street, in Abu Dhabi. The service station will remain closed from 21st February for a period of two months for the execution of general maintenance works and upgrade of infrastructure facilities. ADNOC Oasis retail store and LPG selling services ...