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Bloomberg Russia’s billionaire oligarchs are beginning to face additional scrutiny on at least some financial transactions following US publication of a list of wealthy Russians identified as allies of President Vladimir Putin. One wealthy Russian on the list who spoke on condition of anonymity said he’s worried a deal with foreign partners expected to close in the next few months ...

Dubai / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, has directed the launch of the ‘UAE Cultural Development Fund’, which will be overseen by the Ministry of Culture and Knowledge Development. The Fund’s key objectives include providing necessary funds to support cultural activity within the country ...

Abu Dhabi / WAM The Abu Dhabi General Services Company (Musanada), has announced the commencement of the construction works of the Federal Supreme Court building in Abu Dhabi as per the agreed plans. This forms part of the company’s efforts to achieve of the objectives of Abu Dhabi Plan, enhancing the effectiveness and efficiency of the litigation process, and ensuring ...

ABU DHABI / WAM The third annual Breakbulk Middle East conference opens on Tuesday, at the Abu Dhabi National Exhibition Centre (ADNEC), bringing together the foremost experts in the industry, along with shippers, carriers, freight forwarders, transport specialists and related service providers. The two-day conference is organised by the Federal Transport Authority – Land and Maritime, in partnership with ITE ...

Dubai / Reuters Dubai International Airport (DXB) expects double-digit passenger growth to resume as early as 2019, helped by an alliance between the emirate’s two airlines, its chief executive said on Monday after reporting the lowest growth in at least nine years. Passengers using the airport, the hub for Middle East airline giant Emirates and a major source of income ...

Bloomberg Nissan Motor Co. intends to spend 1 trillion yen ($9 billion) over five years in China as it vies to become the largest global electrified vehicle maker in the country. The Japanese carmaker aims to raise annual deliveries by 1 million units by 2022, with much of the growth coming from electrified models, Jun Seki, head of Nissan’s China ...

Bloomberg Over decades, Toyota Motor Corp. built a corporate culture that was the envy of the manufacturing world. Now the auto industry’s most-emulated company is overhauling the way it brings its vaunted production system to every corner of the business. The automaker in January created a single group, staffed with 200 employees, to manage the Toyota Production System, centralising a ...

Bloomberg Chances for an immigration deal in Congress are dimming as Republicans and Democrats pull further apart and President Donald Trump threatens to walk away from any agreement that doesn’t meet his demands. The House and Senate return this week with only one major item on their agendas: Voting on another short-term spending bill to avoid a government shutdown after ...

Bloomberg Britain’s services growth weakened more than expected at the start of the year, casting a cloud over the economy following some recent positive figures. IHS Markit’s Purchasing Managers Index fell to 53 in January from 54.2 in December. That’s the lowest since September 2016 and well below the 54.1 economists had forecast. Along with reports showing a slowdown in ...

Bloomberg The modern office is starting to look more like a Rainforest Cafe than a place of business. Amazon.com Inc.’s new Seattle headquarters has 40,000 plants. Down the coast, every other floor in Samsung’s two-and-a-half-year-old San Jose office space is a garden. Alibaba Group Holding Ltd. wants all employees in its Hangzhou workplace to be no more than a one-minute ...