Uncategorized

NEW DELHI / WAM More than 200 start-ups across New Delhi and Bengaluru expressed their interest in entering the Dubai market during a roadshow organised recently by the Dubai Startup Hub, an initiative of the Dubai Chamber of Commerce and Industry. A total of 10 shortlisted start-ups in both cities were given the opportunity to pitch their businesses to a ...

Abu Dhabi / WAM The Board of Management of the UAE’s Federal Authority for Nuclear Regulation (FANR), reviewed its performance report during Q1 of the year, discussing the various planned activities to be undertaken across the year supporting its mission in regulating the nuclear sector in the UAE. The Board learned about latest updates of the FANR ongoing review of ...

Bloomberg American technology companies have resumed selling certain products to Huawei Technologies Co after concluding there are legal ways to work with the Chinese telecom giant in spite of its inclusion on a Trump Administration blacklist. Micron Technology Inc, the largest US maker of computer memory chips, said that it had started shipping some components to Huawei after its lawyers ...

Bloomberg India is considering tougher rules for audit firms, including a cap on the number of listed companies they can examine, according to a person with knowledge of the matter, as the government seeks to tighten oversight after a recent spate of governance lapses. To stamp out conflicts of interest, the corporate affairs ministry is also weighing either a complete ...

Bloomberg FedEx Corp. predicted a “transition year’’ for fiscal 2020, with an improving outlook for e-commerce profits tempered by concerns that international trade tensions will worsen. Revenue per package in the ground-delivery operation rose 2.2 percent in the quarter ending on May 31 as volume growth accelerated to 8.8 percent, FedEx said in a statement. That signalled progress in the ...

Bloomberg Tesla Inc. could be on the verge of a quarterly record for vehicle deliveries, though the electric carmaker will need to go “all out” in the last few days of the month, Chief Executive Officer Elon Musk wrote in an internal memo. “There is a lot of speculation regarding our vehicle deliveries this quarter,” Musk told employees in an ...

Bloomberg A group of creditors angling for control of PG&E Corp. is pushing to scuttle the bankrupt utility’s $31 billion restructuring plan. An ad hoc committee of unsecured lenders filed a motion to terminate the period of exclusivity that PG&E has to file a plan for emerging from Chapter 11, according to a court filing. That period ends on September ...

Bloomberg Iran’s supreme leader scorned the idea of negotiations to ease his country’s tense standoff with the US in his first comments since being sanctioned by Donald Trump. “If we agree in negotiations to their demands, they will make the nation miserable,” Ayatollah Ali Khamenei said, arguing Washington was attempting to strip Iran of its economic and defense capabilities. “And ...

LONDON / WAM Dr Sultan bin Ahmad Sultan Al Jaber, Minister of State and Abu Dhabi National Oil Company (Adnoc) Group CEO, participated, on Tuesday, in the inaugural ‘Bloomberg Emerging and Frontier Forum’, which brought together global financial policymakers in a dialogue on the key economic issues related to growth in emerging and frontier markets. Speaking during the day-long forum ...

Abu Dhabi / WAM His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, received a telephone call from Japanese Prime Minister Shinzo Abe, during which they held talks on current ties between the two countries and ways of developing them across multiple sectors. Sheikh Mohamed bin Zayed ...