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Bloomberg China hit back at US President Donald Trump on Wednesday, saying its efforts on North Korea have been “indispensable.” China has “played an important and constructive role” in seeking peace on the Korean peninsula, Foreign Ministry spokesman Geng Shuang told reporters in Beijing. China strictly implements United Nations Security Council resolutions and isn’t the crux of the North Korean ...

Bloomberg Saudi Arabia’s Deputy Crown Prince Mohammed Bin Salman was named to replace his cousin as heir to the throne in a shake-up that consolidates the 31-year-old leader’s power in the world’s biggest oil exporter. The king’s decision to elevate his son, who already controlled the defense, oil and economy portfolios, was supported by 31 out of 34 members of ...

Bloomberg Saudi Arabia’s new Crown Prince Mohammed bin Salman will need higher crude prices to push ahead with his plans to reform the kingdom’s economy, making an about-face in oil policy unlikely in the short term. Yet, oil markets will be braced for an even more assertive Saudi Arabia in foreign policy. MbS, as the 31-year-old prince is known, has ...

Bloomberg Apple Inc. said in a legal filing that there is “mounting evidence” Qualcomm Inc. is operating an “illegal business model” designed to extract high patent royalties on every wireless device sold. The iPhone maker said it was adding more allegations to a complaint filed in January that accuses Qualcomm of trying to monopolize the chip market for wireless devices. ...

Bloomberg Uber Technologies Inc. Chief Executive Officer Travis Kalanick has resigned after a series of controversies that rocked the world’s largest technology startup and exposed deep problems with its male-dominated culture. The man most closely identified with the ride-hailing giant’s meteoric global ascent said he was ceding to investors’ wishes that he step aside, in part to avoid yet another ...

Abu Dhabi / Emirates Business Reed Exhibitions, the leading global event organiser, has confirmed that the second edition of Infosecurity Middle East, the Gulf’s specialist event securing vital government and critical data against cyber threats, will once again run as a co-located event on the side-lines of the eighth International Exhibition for National Security and Resilience (ISNR Abu Dhabi 2018). ...

Dubai / Emirates Business The Dubai Festivals and Retail Establishment (DFRE), an agency of the Department of Tourism and Commerce Marketing (Dubai Tourism), is gearing up to usher in the 10th edition of the “Eid in Dubai” celebrations with a diverse line-up of events designed to offer families, residents and visitors many memorable moments during the upcoming Eid Al Fitr. ...

Sharjah / Emirates Business Friends of Cancer Patients (FoCP), which provides immense moral and financial support for cancer patients across the UAE, took 27 children diagnosed with cancer on a shopping trip in Dubai to choose new clothes for the Eid Al Fitr celebrations before enjoying on a special Ramadan Iftar to round off the day. The ‘Eid Clothing’ initiative ...

Abu Dhabi / WAM Etihad Airways has been given a top rating by London’s Heathrow Airport for its emissions and night-time noise performance during the first three months of 2017. The “Fly Quiet and Clean” League Table, the first of its kind to be produced by the airport, placed the UAE’s national airline among the top carriers for operating the ...

Dubai / WAMM A UAE delegation, led by Dr. Thani bin Ahmed Al-Zeyoudi, Minister of Climate Change and Environment, marked a successful attendance at the World Scientific and Engineering Congress (WSEC 2017), convened at Astana EXPO 2017 Congress Centre in Kazakhstan from June 19-20, 2017. The conference held under the theme “Energy of the Future: innovative scenarios and methods of ...