Uncategorized

Bloomberg President Donald Trump said the US will impose major new sanctions on Iran on Monday, days after he abruptly called off a plan for airstrikes against the Islamic Republic based on the concept of proportionality after Iran shot down a US Navy drone. The sanctions move, announced on Twitter with no additional detail, came as Trump spent the day ...

Abu Dhabi / WAM The Khalifa Fund for Enterprise Development (KFED), has awarded the Emirati Entrepreneurs Association (EEA), with a package of quality support programmes, including financial and technical support. The package will be used to support Emirati entrepreneurs’ skills and capacity development and creation of a suitable environment where their business projects could flourish. Commenting on the announcement, Mouza ...

Abu Dhabi / WAM President His Highness Sheikh Khalifa bin Zayed Al Nahyan has issued the Presidential Resolution No. (1) of 2019 towards raising women’s representation in the Federal National Council (FNC) to 50 per cent with effect from the upcoming legislative cycle. Issued in the run-up to the fourth cycle of FNC elections that are scheduled to take place ...

SHARJAH / WAM The Expo Centre Sharjah concluded its visit to Egypt and Jordan where it explored prospects of future cooperation and joint coordination in the sector of international exhibitions and conferences, to promote the interests of the Arab economy. The Expo delegation was headed by Saif Mohamed Al Midfa, Expo Centre Sharjah CEO, and he was accompanied by Mahmoud ...

Abu Dhabi / WAM A UN official has praised the UAE’s role in implementing disaster risk reduction across the world. Sujit Mohanty, Chief of the UN Office for Disaster Risk Reduction (UNISDR), Regional Office for Arab States, said the UAE plays an important role, both locally and internationally, to apply emergency crises response systems and programmes. The UAE government has ...

Bloomberg Oyo Hotels & Homes, a lodging operator backed by SoftBank’s Vision Fund, is betting the same formula that fuelled the company’s rapid growth in India and China can work in the US. Oyo, which opened its first US hotel at the beginning of the year, plans to invest $300 million to expand in the country, Chief Executive Officer Ritesh ...

Bloomberg Chinese telecommunications giant Huawei Technologies Co sued the US over the seizure of telecommunications equipment by American officials who were investigating whether the gear required an export license to leave the country. Huawei, China’s largest smartphone maker, said it’s been waiting for nearly two years for a decision by the US Commerce Department on whether the unspecified equipment can ...

Bloomberg Poland blocked a push endorsed by German Chancellor Angela Merkel for the European Union to end greenhouse gas emissions by 2050, setting a sour tone for a summit that ended with a failure to decide who’s going to lead the bloc’s key institutions. Before the gathering, Merkel allied with the heads of several mostly western EU states to support ...

Bloomberg The two biggest US coal miners are joining forces as the industry’s fortunes continue to wither. Arch Coal Inc. and Peabody Energy Corp. are combining mines in Wyoming and Colorado through a joint venture, the companies said in a statement. The move, which analysts said was long-expected, will create about $820 million in savings, the miners said. The deal ...

Bloomberg UnitedHealth Group Inc. won US antitrust approval for its $4.3 billion acquisition of DaVita Inc.’s physician practice group, letting the health conglomerate close a deal it struck 19 months ago to expand its business of taking care of patients directly. The Federal Trade Commission said that it had signed off on the tie-up after UnitedHealth agreed to sell assets ...