Uncategorized

Bloomberg The Kremlin sought to limit damage from another apparent snub after plans fell through for a meeting in Paris between Russian President Vladimir Putin and US leader Donald Trump. Russian officials have pinned their hopes on personal contacts between the two leaders to help achieve a long-sought warming in relations with the US that plunged to their worst since ...

Dubai / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai said that coding is a key skill in the knowledge-based economy, and it is critical to foster the skills of the youth in this area to create new value in our economy and other spheres of life. ...

Dubai / WAM Dubai World Central (DWC), passenger traffic surged 26.1% in the third quarter of 2018. DWC welcomed 119,000 customers during the period bringing the total number of customers welcomed this year to 637,176 (-1.9%). The top regions contributing to customer numbers at DWC include Western Europe (40,349 passengers) and Eastern Europe (38,740 passengers). Some of the top destination ...

DUBAI / WAM Dubai Financial Market (DFM) on Monday announced its financial results for the first nine months of the year ending September 30, registering a net profit of AED103.7 million. According to a press statement, total revenue reached AED251.9 million during the nine months’ period ended September 30. The revenue is comprised AED154.3 million of operating income and AED97.6 ...

ABU DHABI / WAM Saif Bader Al Qubaisi, General Manager of Abu Dhabi City Municipality (ADM), and Dr Ali Al Zarouni, Deputy Executive Director of Production, Technology Development and Transfer at Emirates Global Aluminum Company (EGA), signed an agreement under which EGA will construct a sports stadium at Al Samha. The initiative is intended to bring happiness to community members, ...

Bloomberg Billionaire Alibaba co-founder Jack Ma called fighting over trade senseless and decried once again a widening conflict between the US and China. China’s richest person — who warned just last month that a trade war could last two decades — argued it was pointless to target goods because the Asian nation was on its way to becoming a major ...

Bloomberg India’s IT outsourcing giant Tata Consultancy Services Ltd. needs to offer a good explanation for why engineers hired at its American outposts are 13 times as likely to be fired if they’re not South Asian. The company was expected to go on trial on Monday in California over racial discrimination claims by American workers who lost their jobs at ...

Bloomberg A range of European venture capital firms are seeking to raise more money in fewer funds as they ride a global trend towards larger investment vehicles. For five prominent firms in the region, sizes are expected to range from $100 million to $350 million each. Idinvest Partners SA, one of France’s largest VC firms, is targeting a $350 million ...

Bloomberg The UK economy kicked off the fourth quarter on a disappointing note as Brexit concerns pushed growth in services to a seven-month low. IHS Markit’s index for the sector fell more than economists expected last month, recording the lowest reading since March when the nation was battered with bad weather. New business growth and optimism over the outlook were ...

Bloomberg For nearly a decade, Trafigura Group Chairman Claude Dauphin coveted a zinc deal with Europe’s top smelter. The commodities trader finally got across the threshold in 2015, months after its co-founder’s sudden death. Just a few years later, it’s become one of Trafigura’s biggest headaches. Nyrstar NV shares have plu-nged to record lows as falling zinc prices squeeze profit ...