Bloomberg UK Prime Minister Boris Johnson plans to announce a boost in infrastructure spending focused on northern England, seeking to make good on campaign pledges made before he led his Conservatives to a landslide victory in December’s general election. The programme will include 40 million pounds ($52 million) for 5G wireless networks in rural areas and investment in mass transit, ...
Read More »
DUBAI / WAM Expo 2020 Dubai announced that it will host the 5th edition of the Aqdar World Summit, an international event organised annually under the patronage of His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, by the Khalifa Empowerment Programme – Aqdar. The announcement was ...
Read More »
DUBAI / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and the Ruler of Dubai, and His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, attended the signing of two agreements between Expo 2020 Dubai and the Ministries ...
Read More »
ABU DHABI / WAM Abu Dhabi Ports, the master developer, operator and manager of the emirate’s commercial and community ports on Saturday, announced plans to design and construct a new cruise jetty at Sir Bani Yas Cruise Beach, off the coast of Abu Dhabi. The AED 100 million (€24.5 million) new jetty project will be completed in Q4 2020, in ...
Read More »
ABU DHABI / WAM After another successful year for tourism in Abu Dhabi, which saw a 5% year-over-year increase of American visitors, the country’s capital made a compelling case at this year’s New York Times Travel Show about why American visitors should make 2020 the year they visit Abu Dhabi. Abu Dhabi’s participation in the travel show was organised by ...
Read More »
Bloomberg Passengers stuck on a cruise ship being quarantined in Hong Kong are beginning to worry that lax controls on the boat and a lack of information puts them at risk of being exposed to the deadly coronavirus. “We are in quarantine, but everyone is still walking around,†Edgar Chan, 28, said using WhatsApp. The software engineer, his sister and ...
Read More »
Bloomberg Vodafone Group Plc and Cairn Energy Plc are eligible to settle a tax dispute with India’s government under a new amnesty programme, a senior government official said. The companies will need to pay their taxes by March to benefit from the interest and penalty waivers under the programme, Pramod Chandra Mody, chairman of the Central Board of Direct Taxes, ...
Read More »
Bloomberg The brother of Asia’s richest man was ordered to set aside $100 million in his dispute with three Chinese banks, even as he pleaded poverty. “The value of my investments has collapsed,†Anil Ambani said, according to a London court filing by banks seeking around $700 million in defaulted loans. “My net worth is zero after taking into account ...
Read More »
Bloomberg The Justice Department has abandoned its antitrust probe of four automakers that sided with California over President Donald Trump in a fight over the future of fuel economy and emissions requirements. The inquiry had targeted Ford Motor Co, Honda Motor Co, BMW AG and Volkswagen AG over their agreement last year with California regulators to voluntarily meet the state’s ...
Read More »
Bloomberg Uber Technologies Inc and Postmates Inc are unlikely to put a quick stop to a landmark California law they call a monstrous threat to their business models. A judge signalled that she’s inclined to reject a request to temporarily shield the companies from Assembly Bill 5, which is aimed at converting gig-economy workers from independent contractors to employees with ...
Read More »
The Gulf Time Newspaper One of the finest business newspapers in the UAE brought to you by our professional writers and editors.