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AED3bn worth of infrastructure works at Sharjah Waterfront City complete

Sharjah / WAM Sharjah Oasis has announced the completion of Phase 1 construction activities at Sharjah Waterfront City at a value of AED3 billion. The announcement comes as the organisation hands over two power transmission and distribution plants, built with a cost of AED250 million and with its own resources to ensure uninterrupted supply of up to 700 megawatt (MW) ...

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Cameras caught 13,000 red light violations in Abu Dhabi

Abu Dhabi / WAM Red-light cameras caught 13,000 violations in the emirate of Abu Dhabi during 2017, according to a senior police official. Brigadier Ahmed Al Shehhi, Deputy Director of the Traffic and Patrols Department at the Abu Dhabi Police, said that running a red light was the main cause for six percent of the traffic incidents in Abu Dhabi ...

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ADSB’s profit almost double

Abu Dhabi / Emirates Business Abu Dhabi Ship Building PJSC (ADSB) has released its financial results for the financial year ended December 31, 2017. The report was accompanied by a statement from the Chief Executive Officer, Dr. Khaled Al Mazrouei, who provided highlights from the successful business year. Overall, 2017 was another positive year for ADSB, as the company surpassed ...

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Emirates to operate first one-off A380 service to Beirut on March 29

DUBAI / Emirates Business For the first time in Rafic Al Hariri International Airport’s history, Emirates will operate a special one-off A380 service to Beirut on March 29. The airline’s flagship double-decker will become the first-ever scheduled A380 service to Beirut, and Emirates is working with the airport to test the operations and necessary infrastructure to accommodate an A380 service. ...

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Trump defiant despite Mueller’s warning shot on Russia meddling

Bloomberg US Special Counsel Robert Mueller is the latest top official to sound the alarm that Russia meddled in the 2016 election, but there’s no sign that Donald Trump is listening yet. The president’s silence has some experts worried that Trump and his administration aren’t taking the threat from Russia to this year’s elections, with Republican control of Congress at ...

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Uber CEO’s Asia trip underscores its persistent global ambitions

Bloomberg Uber Technologies Inc. isn’t ready to give up the world. Dara Khosrowshahi, in his first trip to Asia since becoming chief executive officer, made it clear that the ride-hailing company isn’t about to scale back its business to just countries where it already has a strong market position. During his first stop in Japan, he said he’s willing to ...

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Indonesia is forgoing billions of dollars in investment: US

Bloomberg Indonesia is foregoing billions of dollars on offer from American companies eager to invest in Southeast Asia’s biggest economy, US Ambassador to Indonesia Joseph Donovan said. As the US tries to arrest a deteriorating trade balance with Indonesia, which in 2017 found itself in President Donald Trump’s cross-hairs, Donovan has also rejected complaints of increasing American protectionism. Indonesia had ...

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UK to EU: No Brexit bill without good trade deal

Bloomberg The UK has warned that its promise to pay the Brexit bill depends on getting good trade terms from the European Union, as Theresa May’s team draws up plans to hold back money if the bloc backslides on a deal. Senior British officials have privately discussed the idea of halting payments to Brussels as a fall-back option that could ...

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Britain sells former flagship HMS Ocean to Brazil for $117 million

Bloomberg The UK has sold Royal Navy flagship HMS Ocean to Brazil for about 84 million pounds ($117 million) as new aircraft carrier HMS Queen Elizabeth prepares to take over as leader of the fleet. HMS Ocean will be modified by BAE Systems Plc and Babcock International Group Plc, with the work funded by Brazil, before the 21,500 metric-ton ship ...

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Trump plan to swap ‘cash payments’ for food faces skeptical Congress

Bloomberg A Trump administration plan to replace food-stamp spending with boxes of “100 percent American grown food’’ landed on Congress’s doorstep with a thud. But the public attention heaped on the Agriculture Department’s plan to deliver “Harvest Boxes” to poor families also obscured the administration’s other efforts to cut the number of people eligible for the nation’s biggest food-aid programme. ...

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