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  Abu Dhabi / WAM ADNOC Distribution is investing AED750 million in a fuel depot located at the new Midfield Terminal of Abu Dhabi International Airport, according to Saeed Mubarak Al Rashdi, Acting Chief Executive Officer of ADNOC Distribution. Speaking to Emirates News Agency (WAM) Al Rashdi said, “ADNOC Distribution produces 14 million tonnes of jet fuel in order to meet ...

  Sharjah / Emirates Business Sheraa (Sharjah Entrepreneurship Center)- a launch pad for aspiring young entrepreneurs in the UAE – announced a partnership with Sharjah Airport International Free Zone (SAIF Zone) to support and empower its accelerator teams in their bid to create a successful commercial enterprise. SAIF Zone will be providing the accelerator teams with a discounted two-year free ...

  Ajman / Emirates Business Under the patronage of His Highness Sheikh Ammar Bin Humaid Al Nuaimi, Crown Prince of Ajman and Chairman of Ajman Executive Council, the third edition of Franchise Brands Retail (FBR Ajman) will be held at Emirates Hospitality Center-Ajman from April, 17-18. FBR Ajman will feature more than 100 local and international brands from various sectors ...

  Bloomberg Toshiba Corp., the 142-year-old conglomerate, warned on Tuesday it may not be able to continue as a going concern as it grapples with billions of dollars in losses from its Westinghouse Electric nuclear business. The disclosure came as the Japanese company reported earnings for the third quarter after missing two previous deadlines for financial results. Toshiba posted an ...

  Bloomberg India is considering turning to the private sector to help plug a chronic shortage of capital for infrastruc- ture projects. The Reserve Bank of India is proposing Asia’s third-largest economy offer licenses to private companies to set up infrastructure banks. That could help finance $1.5 trillion in roads, ports, power and other projects over the next 10 years ...

  Bloomberg Qualcomm Inc. accused Apple Inc. of lying to regulators to spur investigations of the chipmaker, and threatening it to cover up the use of inferior parts in some iPhones. The world’s largest maker of phone semiconductors responded to a January lawsuit from Apple with counterclaims for damages late on Monday, alleging the iPhone maker breached contractual pledges, mischaracterized ...

  Bloomberg BMW AG, Ford Motor Co. and Jaguar Land Rover are among the winners of 110 million pounds ($136 million) from the UK for the development of low-carbon vehicles and driverless cars. The funding for a total of 38 projects, including 62 million pounds for low-emission cars and 31 million pounds for autonomous vehicles, will help protect almost 2,400 ...

  Bloomberg UK grocers are finding creative ways of passing on Brexit-induced cost increases to consumers. If you’re shopping for candles or light bulbs, buyer beware. Unable to raise prices of staple goods from milk to Marmite because of tough competition from discounters and watchful tabloid newspapers, supermarket operators like Tesco Plc and Wal-Mart Stores Inc.’s Asda are ratcheting them ...

  Bloomberg UK inflation’s upward trajectory paused in March as the timing of Easter led to a drop in airfares, offsetting increases in the price of food and clothing. While the rate was unchanged compared with February at 2.3 percent, that’s still the highest since 2013 and up from just 0.5 percent a year ago. The increase over the past ...

  Abu Dhabi / WAM His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, on Monday received, at the Qasr Al Bahr Palace, Mohamed Abdullahi Farmajo, President of the Federal Republic of Somalia, who is currently visiting the country. His Highness welcomed President Farmajo and his accompanying delegation, ...