DUBAI / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, has led 2019’s most popular Twitter conversations in the UAE, according to a new annual data report from Twitter. Twitter data revealed that government-related topics were among the most popular conversations in the UAE this year. Tweets ...
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Enoc, Indian Oil Corporation strengthen cooperation
Dubai / WAM The Emirates National Oil Company Group (Enoc), on Tuesday announced the signing of an evergreen aviation fuel supply agreement with Indian Oil Corporation (IOC), the largest commercial oil and gas company in India. The strategic agreement builds on the strong partnership that Enoc and IOC have fostered over the last two years. With the evergreen contract, IOC will provide ...
Read More »High-tech lab for testing services opens in Kizad
ABU DHABI / WAM A high-tech facility at Khalifa Industrial Zone Abu Dhabi (Kizad), was launched on Tuesday, set out to provide a full suite of quality, conformity and HSE testing services for a wide ranges of sectors. Aman Integrated Solutions Lab was inaugurated by Dr Thani bin Ahmed Al Zeyoudi, Minister of Climate Change and Environment, Tarek Al Goweiny, ...
Read More »Amazon cites Trump bias over ‘enemy’ Bezos in cloud deal loss
Bloomberg Amazon.com Inc claims the Pentagon failed to fairly judge its bid for a cloud contract worth up to $10 billion because president Donald Trump viewed company founder Jeffrey Bezos as his “political enemy.†Amazon Web Services, Amazon’s cloud unit, claimed in a lawsuit that was made public that the defence pepartment ignored Amazon’s superior technology and awarded the contract ...
Read More »US commission censures India’s new citizenship bill
Bloomberg A US federal commission has called for sanctions against India’s home minister and other top leaders if the country passes a controversial bill that will prevent Muslim migrants from neighboring countries from receiving citizenship. After hours of heated debate, India’s lower house of Parliament early Tuesday morning passed the Citizenship Amendment Bill (CAB) — the next step in Prime ...
Read More »Sri Lanka’s LOLC prepares to sell biggest overseas unit
Bloomberg LOLC Holdings Plc, Sri Lanka’s second-largest publicly traded company by revenue, plans to sell its stake in a unit in Cambodia and use the proceeds to fund acquisition of microfinance firms in emerging markets from Brazil to India. LOLC Holdings plans to sell its 70% stake in Prasac Microfinance Institution Ltd, which also counts Hong Kong’s Bank of East ...
Read More »Vietnam’s richest man bets $2b for US car sale
Bloomberg The billionaire behind six-month-old Vietnamese auto startup VinFast plans a feat even Toyota Motor Corp and Hyundai Motor Co couldn’t pull off during their early days: sell a car in the US. Pham Nhat Vuong, the Southeast Asian country’s richest man and now in charge of the new automaker, is so intent on exporting electric vehicles to the lucrative ...
Read More »China’s leaders gather to set economic targets for 2020
Bloomberg China’s top leadership will set the target for economic growth at “about 6%†for 2020 as they meet this week for their annual policy conclave, according to a survey of economists. The central Economic Work Conference meeting began Tuesday and will wrap up on Thursday, according to people briefed on the plans, right as negotiators aim to finalise a ...
Read More »Nissan faces $22m fine over Ghosn’s pay
Bloomberg Nissan Motor Co is set to be fined 2.4 billion yen ($22 million) for underreporting former chairman Carlos Ghosn’s compensation, Japan’s securities regulators said. The Securities and Exchange Surveillance Commission made the recommendation just over one year after Ghosn’s arrest, which shocked the auto industry and triggered turmoil at the Japanese automaker and its alliance partner, Renault SA. Ghosn, ...
Read More »World is witnessing a new phase of transformations
Dubai / WAM The 12th Arab Strategy Forum (ASF 2019), held under the patronage of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, on Monday outlined a comprehensive list of the greatest challenges and opportunities facing the region and the world over the next decade in the run-up ...
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