Uncategorized

Bloomberg Secretary of State Rex Tillerson called out Russia and China at the UN for giving North Korea an economic lifeline, even as the top US diplomat struggled to staunch confusion over the US position on conditions for talks with Kim Jong Un’s regime. Addressing the United Nations Security Council, Tillerson said China and Russia’s refusal to sever ties with ...

Riyadh / WAM The Custodian of the Two Holy Mosques, King Salman bin Abdulaziz Al Saud of Saudi Arabia, has discussed with His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, strengthening brotherly and strategic relations between the two countries, and the overall regional and international issues ...

Abu Dhabi / Emirates Business Abu Dhabi National Exhibitions Company (ADNEC) lately participated in several highly-targeted international events to promote Abu Dhabi’s state-of-the-art meetings, incentives, conferences and exhibitions (MICE) infrastructure and attract international associations and organisers to host their events in the UAE capital. Khalifa Al Qubaisi, Acting Chief Commercial Officer of ADNEC, said: “Our participation in these landmark events ...

DUBAI / Emirates Business Next Orbit Ventures (NOVF) ESDM, the newly launched Abu Dhabi-based fund established under the Abu Dhabi Global Markets (ADGM) jurisdiction, announced the launch of $2 billion fund for building semiconductors and electronics fab ecosystem in India. For the first time, an India-based fund going to be raised from GCC-based investors will be regulated by an external ...

DUBAI / Emirates Business In a keynote address to cruise line executives and regional industry stakeholders at the opening session of Seatrade Middle East Cruise Forum, Issam Kazim, CEO, Dubai Corporation of Tourism and Commerce Marketing (DCTCM) confirmed that Dubai remains on track to receive one million cruise passengers by 2020. Addressing delegates, he also referenced DCTCM’s plan to ensure ...

DAMMAM / AGENCIES Saudi Aramco signed on Wednesday agreements with foreign and local companies worth at least 39 billion riyals ($10.4 billion). The bulk of the memorandum of understanding agreements were part of a drive to promote local manufacturing, the company said. One agreement was also signed with drilling and oil service company Schlumberger worth 6 billion riyals. Meanwhile, the ...

Bloomberg Toyota Motor Corp. deepened a partnership with battery producer Panasonic Corp. as Asia’s biggest carmaker, which initially bet big on hydrogen for clean technology, accelerates efforts to make its presence felt in electric cars. The largest supplier of electric-car batteries and Toyota together are exploring the development of prismatic cells, and the collaboration will include solid-state batteries, the two ...

Bloomberg Europe, often a laggard compared to the US in mergers and acquisitions, has turned out to be the hot spot for deals this year. A more stable economic outlook and growing confidence in Europe has boosted dealmaking activity in the region, while in the US, the unresolved battle to lower US corporate tax rates as well as fewer blockbuster ...

Bloomberg The engineers of the Jeep Wrangler had a conundrum: How do you redesign one of the most iconic SUVs on the road to survive tougher fuel economy standards without abandoning the brick-like shape that’s essential to its appeal? At first glance, the styling of the next-generation Wrangler doesn’t appear to have changed all that much. But a bend here ...

Reuters The US Congress will allow a deadline on reimposing sanctions on Iran to pass this week, congressional and White House aides said, leaving a pact between world powers and Tehran intact at least temporarily. In October, US President Donald Trump declined to certify that Iran was complying with the nuclear agreement reached among Tehran, the United States and others ...