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Abu Dhabi / WAM The Abu Dhabi City Municipality (ADM), launched a new drive as part of its initiatives for the Year of Zayed whereby readymade engineering designs of annexes to residential land plots will be offered. These models will be provided at reduced rates; which will slash the financial costs of such operations when undertaken through normal channels. The ...

Bloomberg India’s Tata Consultancy Services Ltd. is bunching the 477 billion rupees ($7.1 billion) of its cash reserves in short and long-tenure securities to balance its need for easy liquidity with safety as it looks to make significant payouts to shareholders each year. Asia’s largest software services provider invested about 53 percent of its reserves in government securities as of ...

Bloomberg China is expanding efforts to keep its most promising companies from going public in Hong Kong or the US, with officials studying a new trading venue in Shanghai that would have lower thresholds for biotechnology and high-tech firms, people with knowledge of the matter said. Government entities including the China Securities Regulatory Commission and Ministry of Science and Technology ...

Bloomberg Apple Inc. executives rarely call out Facebook Inc., but they made more moves to limit the social network’s data collection. In iPhone, iPad, and Mac software updates later this year, Apple’s default Safari web browser will show a pop-up window asking users for permission before loading share buttons from social networks including Facebook. These buttons make it easy to ...

Bloomberg UK businesses told Prime Minister Theresa May to get on with taking key Brexit decisions as companies start putting their contingency plans in place, according to a person at a meeting at her London office. May gathered leaders of companies ranging from aerospace to retail along with Chancellor of the Exchequer Philip Hammond and Brexit Secretary David Davis for ...

Bloomberg Qualcomm Inc, the biggest maker of semiconductors for smartphones, unveiled a new chip, said Samsung Electronics Co. is already on board as a customer, and offered free wireless data for devices based on the processor — all part of a push to get its mobile technology into the computing market dominated by Intel Corp. Samsung is committed to offering ...

Bloomberg Italian Prime Minister Giuseppe Conte pledged in his maiden speech that his government will push through populist measures ranging from a “citizen’s income” for the poor to tax cuts and curbs on immigration, as he called for a stronger, fairer Europe “to prevent its decline.” Speaking in the Senate before a confidence vote, the 53-year-old lawyer with no political ...

ABU DHABI / WAM HH Sheikha Fatima bint Mubarak, Chairwoman of the General Women’s Union, President of the Supreme Council for Motherhood and Childhood, and Supreme Chairwoman of the Family Development Foundation, has said that the memory of the late Sheikh Zayed bin Sultan Al Nahyan is a milestone in the history of the UAE, as he was an exceptional ...

Dubai / Emirates Business Gulf Craft appointed Gregory Yeakle to be their new Chief Executive Officer. One of the world’s largest luxury ship builders, Gulf Craft is based in the UAE. The group has grown into a leading global business over the course of the past 37 years. He succeeds Erwin Bamps who held the position for the past four ...

Abu Dhabi / WAM Abu Dhabi Global Market (ADGM), the International Financial Centre in Abu Dhabi, has successfully concluded its 3rd round of applications for its Regulatory Laboratory (Reglab) programme with a total of 36 local and international new FinTech innovators offering potential solutions for the financial and small-medium enterprise (SME) sectors in the Middle East and Africa region. The ...