Bloomberg Theresa May rolled the dice with a dramatic reshuffle of her ministerial team as she battles to cling onto her job and stop her own party tearing up her Brexit deal. The prime minister reduced the power of her critics and promoted allies to key positions as she took personal charge of the final days of the UK’s divorce ...
Read More »
Abu Dhabi / WAM His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, on Wednesday visited the Abu Dhabi International Petroleum Exhibition and Conference (Adipec) at the Abu Dhabi National Exhibition Centre (Adnec) and which concludes on November 15. His Highness Sheikh Mohamed bin Zayed, accompanied by ...
Read More »
Abu Dhabi / WAM Dr. Anwar bin Mohammed Gargash, Minister of State for Foreign Affairs, on Wednesday opened the Abu Dhabi Diplomacy Conference, attended by more than 300 high-profile personalities, thought leaders and practitioners from the fields of international politics, diplomacy and academia as well as the private sector. Held under the patronage of HH Sheikh Abdullah bin Zayed Al ...
Read More »
ABU DHABI / Emirates Business The Abu Dhabi National Oil Company (Adnoc) has agreed, in principle, to extend to 2040 its gas supply agreement with Adnoc LNG, in coordination with Adnoc LNG’s joint venture partners, Mitsui, BP and Total. The new gas supply agreement is scheduled to take effect from April 1, 2019, replacing an existing agreement, due to expire ...
Read More »
Dubai/ WAM Etihad Credit Insurance (ECI), the UAE Federal export credit company, announced its latest initiative, the National Accelerator Programme, an extensive 18-week training that has been especially designed for young Emirati nationals to give them a better understanding of government export credit insurance. Through this programme, ECI commits to an environment of comprehensive development and continuous learning for the ...
Read More »
Bloomberg Congress isn’t expected to pass legislation ordering new US sanctions on Russia before the end of the year, as lawmakers focus instead on government spending measures, judicial nominations and a farm bill, key senators said. A bipartisan group of senators moved swiftly over the summer to assemble new proposals for Russia sanctions following President Donald Trump’s summit with Russian ...
Read More »
Bloomberg Hon Hai Precision Industry Co.’s disappointing earnings will fan fears that Apple Inc.’s legion of global hardware suppliers are in for hard times. The main assembler of iPhones reported net income of NT$24.9 billion ($806 million) in the September quarter, about 12 percent below the average analysts’ estimate. Hon Hai joins a string of Apple suppliers that have warned ...
Read More »
Bloomberg SoftBank Group Corp. is continuing to push money into one of its biggest investments: WeWork Cos. The New York-based co-working company signed a $3 billion warrant with SoftBank, WeWork said in a discussion of its third-quarter earnings. SoftBank agreed to pay $3 billion to WeWork for the opportunity to buy shares before September 2019 at a price of $110 ...
Read More »
Bloomberg The Trump administration will hold off for now on imposing new tariffs on automobile imports as top officials weigh revisions to a report on the national security implications, accordi-ng to two people familiar with the matter. President Donald Trump met with his top trade advisers at the White House to discuss a draft report on a Commerce Department investigation ...
Read More »
Bloomberg General Electric Co jumped as Chief Executive Officer Larry Culp accelerated plans to pare the company’s stake in Baker Hughes with a deal that wo- uld raise about $4 billion at current prices. GE will sell as many as 166.2 million shares in the oilfield-services provider through a secondary offering and a stock repurchase by Baker Hughes, the companies ...
Read More »
The Gulf Time Newspaper One of the finest business newspapers in the UAE brought to you by our professional writers and editors.