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Youth are driving force behind UAE Centennial 2071 project

Dubai / WAM Vice President and Prime Minister of UAE and Ruler of Dubai, His Highness Sheikh Mohammed bin Rashid Al Maktoum approved the new Board for the Emirates Youth Council with Shamma bint Sohail Faris AlMazrui, Minister of State for Youth Affairs, as Chairperson. The Board will also include seven members representing the seven emirates of the country. Highlighting ...

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AED500mn contract awarded for Qasr Al Hosn revamp

ABU DHABI / Emirates Business The Department of Culture and Tourism – Abu Dhabi has awarded to Zublin Construction LLC the AED 500 million contract for the refurbishment and conservation of the Cultural Foundation Building at Qasr Al Hosn, the symbolic birthplace of the capital of the UAE. The Cultural Foundation Building at the site has come to symbolize Abu ...

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UMEX, SIMTEX team holds talks on event preparations

ABU DHABI / Emirates Business The Higher Organising Committee of the Unmanned Systems Exhibition and Conference (UMEX 2018) and the Simulation and Training Exhibition and Conference (SimTEX 2018), held its first coordination meeting at the Abu Dhabi National Exhibition Centre (ADNEC) to discuss initial preparations and coordinate efforts with various national institutions. Jointly organised by the Abu Dhabi National Exhibitions ...

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Billionaire Birla may tap markets as India’s telecom wars worsen

Bloomberg Billionaire Kumar Mangalam Birla, whose Idea Cellular Ltd. is poised to become India’s top carrier, sees only a handful of businesses surviving a price war roiling the world’s second largest telecom market. The chairman of the Aditya Birla Group also won’t hazard a guess on when the industry shakeout will end in a country where calls already cost less ...

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BMW to bring Mini production to China

Bloomberg BMW AG is in early talks with China’s biggest maker of sport utility vehicles about the possible production of Mini cars in the country, potentially marking the brand’s first manufacturing project outside of Europe. Great Wall Motor Co. and BMW agreed in February to discuss cooperating on Mini, though the discussions are still preliminary and the companies haven’t entered ...

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Obamacare insurers, states rush to react to Trump’s latest move

Bloomberg States regulators and health insurers are rushing to react to the latest move by the Trump administration to dismantle parts of the Affordable Care Act, less than three weeks before their citizens and customers start signing up for coverage. President Donald Trump’s administration said it wouldn’t pay subsidies to insurers that are used to help lower-income people with medical ...

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Uber seeks more London talks as it appeals license ban

Bloomberg Uber Technologies Inc., the world’s largest startup, appealed a London regulator’s decision to revoke the car service’s license as it seeks more settlement talks. Uber, which can continue to operate during the legal process, was banned by Transport for London over safety concerns and the company’s attempts to avoid regulation. The appeal, which could drag on for months, was ...

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Sandberg puts onus on Congress to reveal ads

Bloomberg Facebook Inc. “absolutely” supports the public release of all ads bought on its platform by Russian government-linked accounts but maintains that it’s up to Congress to decide when to do so, Chief Operating Officer Sheryl Sandberg said. The company is giving lawmakers whatever they ask for and will “stand by them” when they’re ready to release the ads, she ...

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Ophelia may become Ireland’s strongest storm

Bloomberg Category 2 Hurricane Ophelia is threatening everything from farms to a golf course owned by the family of US President Donald Trump as it heads for Ireland. Ophelia’s top winds were 155 kilometres an hour by 3.40 pm London time, reaching the second level of the five-step Saffir-Simpson scale. The storm, about 545 miles southwest of the Azores, is ...

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Trump walks tightrope with plan to toughen Iran N-deal

WASHINGTON / Reuters The strategy that President Donald Trump has laid out to confront Iran and renegotiate a 2015 nuclear agreement requires a string of big bets to pay off in short order. The risk of failure is enormous. A hostile Congress must agree to pass legislation to toughen the terms of the accord. European allies with little appetite to ...

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