Bloomberg When South Korean President Moon Jae-in was greeted with four deep bows from de facto Samsung Group chief Lee Jae-yong earlier this month in India, the footage quickly went viral back home. The overseas encounter between two of South Korea’s most powerful men — their first since Moon’s election on an anti-establishment platform last year — struck a chord. ...
Read More »Uncategorized
VP, Mohamed open world-class amusement park in Abu Dhabi
Abu Dhabi / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, the Vice President, Prime Minister and Ruler of Dubai, and His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, on Monday opened Warner Bros. World Abu Dhabi, the world’s first-ever Warner Bros. branded indoor theme ...
Read More »EAD highlights its efforts to enhance and protect Abu Dhabi’s biodiversity
Abu Dhabi / WAM The Environment Agency – Abu Dhabi (EAD), released its annual report for 2017, highlighting its efforts and commitment to protecting and enhancing air quality, groundwater and the biodiversity of the Emirate of Abu Dhabi’s land and marine ecosystem. In his introductory message to the report, His Highness Sheikh Hamdan bin Zayed Al Nahyan, Ruler’s Representative in ...
Read More »Franchise market in UAE poised to grow immensely
DUBAI / WAM Dubai is set to host the 3rd edition of The Global Franchise Market Exhibition (TGFM), the official franchising event in Dubai offering a dedicated platform for local and international ‘franchisors’ and ‘franchisees’ to explore new business partnerships and investment opportunities, on the December 5-6 this year, at the Dubai International Convention and Exhibition Centre. This year, TGFM ...
Read More »Emirati engineers join FANR Nuclear Training Programme
ABU DHABI / WAM The UAE’s Federal Authority for Nuclear Regulation (FANR), welcomed to its staff seven Emirati engineers, who have recently graduated from UAE universities to join its flagship Developee Engineers Programme, as part of its strategy to build long-term sustainability by developing Emirati talent in the nuclear sector. The engineers will commence a year-long nuclear regulatory development programme. ...
Read More »Tax cuts on 50 goods to deny India $2bn in annual revenue
Bloomberg India’s move to slash levies on more than 50 goods will lower revenue by as much as $2.2 billion each year and is raising the prospect of the country missing budget goals again this year. A panel of federal and state finance ministers cut the goods and services tax on items from washing machines and lithium ion batteries to ...
Read More »Power grids stretched as deadly heat wave scorches Asia
Bloomberg A deadly heat wave across Asia is stretching electricity grids from southern China up to Tokyo and Seoul, sending prices to multiyear highs and sparking warnings of more power stress to come. Japan breached records above 41 degrees Celsius (106 Fahrenheit) as the heat that’s been blamed for at least 15 deaths this month pushed electricity rates to the ...
Read More »Trump warns Iran’s Rouhani ‘never, ever threaten the US’
Bloomberg US President Donald Trump launched a new broadside against Iran, warning of unspecified “consequences†if Hassan Rouhani continues threatening America. In a Twitter post, Trump said, “To Iranian President Rouhani: Never, ever threaten the United States again or you will suffer consequences the likes of which few throughout history have ever suffered before. We are no longer a country ...
Read More »G-20 meet: Europe shows unity in confronting US trade policy
Bloomberg Finance chiefs from the world’s leading economies met in Buenos Aires at the weekend as trade tensions threaten to undermine the fastest growth in seven years. Finance ministers and central bank chiefs met after US President Donald Trump accused Beijing and the European Union of gaming their currencies to boost exports. He also attacked the US Federal Reserve for ...
Read More »France’s Atos to buy US IT giant Syntel in $3.4bn deal
Bloomberg Atos SE agreed to buy Syntel Inc. for about $3.4 billion in a cash deal that would give the French computer-services company access to large US financial customers including American Express Co. and State Street Corp. Bezons, France-based Atos will pay $41 a share for the US information technology firm, the companies said in a joint statement. The per-share ...
Read More »