Uncategorized

Abu Dhabi / WAM American investors rank in first place among foreign investors in the Abu Dhabi Securities Exchange (ADX), in terms of net investment in 2016 and H1 2017, with AED2.2 billion and AED960 million, respectively, said Rashed Al Blooshi, Chief Executive of ADX, during a briefing about the exchange at the American Chamber of Commerce, Abu Dhabi (AmCham). ...

Bloomberg Spanish police in riot gear smashed in the doors of polling stations and dragged protesters away by the hair, beating some with batons and firing rubber bullets at others on Sunday as they tried to shut down an illegal referendum on independence in Catalonia. Despite the force of the police against peaceful demonstrations, voting began in many locations across ...

Bloomberg The rush to upgrade smartphones may be ebbing, prompting economists to dial back the outlook for Asian exporters. Early indications, including signs of disappointing orders, point to a mixed reaction to the latest iPhones, hurting the share prices of Apple Inc.’s Asia-based suppliers. Given that smartphone improvements help power demand for electronics components from supply-chain powerhouses such as South ...

Bloomberg Ride-booking operators and drivers, such as those from Uber Technologies Inc., will need licenses to offer their services in the Australian state of Queensland under new regulations announced in Brisbane. The eligibility tests for drivers and booking entities will be the same for all those offering personalised transport, Mark Bailey, Queensland’s minister for main roads, road safety and ports, ...

­­­­­­­­­­­Bloomberg Donald Trump’s infrastructure guru spent part of Sept. 26 at a conference in Washington promoting the president’s $1 trillion plan to rebuild the nation’s crumbling roads, bridges and airports relying in part on public-private partnerships. The same day, across town, Trump was telling lawmakers that those kinds of deals don’t work. The president’s apparent change of heart on what’s ...

Bloomberg Google is preparing to upgrade its security tools for online accounts to better insulate users from cyberattacks and politically motivated hacks, according to two people familiar with the company’s plan. The Alphabet Inc. company next month will begin offering a service called the Advanced Protection Program that places a collection of features onto accounts such as email, including a ...

Bloomberg Sun Microsystems co-founder Bill Joy recently joined Water Street Capital and has pushed the secretive hedge fund firm to build a large stake in Micron Technology Inc., arguing the market for its main product is set for a sustained boom without the wild ups and crushing downs of the past. The rise of cloud computing, artificial intelligence, and augmented ...

Fujairah / WAM His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, has offered his condolences to the family of Emirati martyr Captain Pilot Khalid Mohammad Al Shehi, whose aircraft crashed due to technical failure while he was performing his national duties as part of the Saudi-led ...

Dakar / Emirates Business DP World Group Chairman and CEO Sultan Ahmed bin Sulayem met Senegalese President Macky Sall as part of his tour of West and North Africa to confirm the development of infrastructure projects in the country. The discussions, attended by Prime Minister Mohammed Dionne and senior government officials, confirmed the plan for Port Du Futur. An agreement ...

Abu Dhabi / Emirates Business Abu Dhabi has been named the fastest growing destination city in the Middle East and Africa, according to the 2017 Mastercard Global Destination Cities Index. The UAE capital ranked fourth globally as a leading destination city with a projected increase of 4.5% in visitor figures, as well as the fourth fastest growing destination city out ...