Bloomberg President Donald Trump said that he will add a day to the end of his five-nation tour of Asia, saying he would now stay for “the most important day†of a regional summit. The president had been scheduled to return to the US on Nov. 13, a day before the start of the East Asia Summit, the traditional venue ...
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UAE pays extra attention to boost relations with African nations
Dubai / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of UAE and Ruler of Dubai, received the President of Rwanda, Paul Kagame, and his accompanying delegation, on Wednesday at Al Majlis, Madinat Jumeirah. HH Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, Deputy Ruler of Dubai, attended the meeting. Sheikh Mohammed and Kagame reviewed ...
Read More »UAE’s peaceful N-energy programme a global model for nations, say experts
Abu Dhabi / WAM Experts and officials in the nuclear energy sector have lauded the UAE’s Peaceful Nuclear Energy Programme as a global model for nations looking to launch new and sophisticated nuclear energy initiatives to meet their future energy needs. Their remarks came during a session held on the sidelines of the International Ministerial Conference – Nuclear Power in ...
Read More »Abu Dhabi welcomes over 3.5mn hotel guests this year
ABU DHABI / WAM Hotel guests to all three regions of Abu Dhabi increased in total by 5 percent in September, compared to the same month last year, with 415,985 domestic and international visitors checking in to one of the emirate’s 163 hotels or hotel apartments. Figures released by the Department of Culture and Tourism – Abu Dhabi recorded increases ...
Read More »Mohammed, Lithuanian president discuss ties
Dubai / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of UAE and Ruler of Dubai, received the President of the Republic of Lithuania, Dalia Grybauskaite on Wednesday. During the meeting, His Highness Sheikh Mohammed bin Rashid and President Grybauskaite discussed bilateral cooperation and consolidating ties for the benefit of the two countries’ peoples ...
Read More »Tencent’s e-book IPO sets stage for music arm debut
Bloomberg China Literature Ltd., the online reading unit helping Tencent Holdings Ltd. build an entertainment empire, raised $1.1 billion alongside existing investors in its Hong Kong initial public offering, according to people with knowledge of the matter. The first-time share sale priced at the very top of a marketed range, the people said, asking not to be identified because the ...
Read More »Alibaba leads $335mn funding for Chinese car site SouChe.com
Bloomberg SouChe.com, a Chinese car trading site, raised $335 million in a funding round led by Alibaba Group Holding Ltd. as it expands in auto-financing and prepares for a potential US IPO. Alibaba will become the biggest backer of the site and integrate parts of the business with its own e-commerce services. Warburg Pincus, Primavera Capital and CMB International also ...
Read More »UK hints at compromises on Brexit bill as date set for talks
Bloomberg The UK signalled it’s preparing to compromise over money in its stand-off with the EU, as a new round of Brexit talks offered the chance to break the deadlock. The deal on the divorce terms will probably be better for the remaining 27 EU countries than for Britain on the financial settlement, Brexit Secretary David Davis said. The first ...
Read More »Best Buy stops new iPhone sales after pricing backlash
Bloomberg Best Buy Co. said it stopped some sales of Apple Inc.’s iPhone X and iPhone 8 after consumers complained about the retailer charging a $100 premium on the already expensive smartphones. The company, one of Apple’s key retail partners, still sells all iPhone models via carrier installment plans that let customers pay for the devices over several months. The ...
Read More »Social media companies get unaccustomed grilling on Russia ads
Bloomberg Facebook Inc., Google and Twitter Inc.— technology powerhouses actively cultivating their influence in Washington—received an unaccustomed grilling and even ridicule in their first appearance before Congress over Russian meddling in last year’s presidential campaign. Two hearings on Wednesday might bring more of the same for top attorneys from the companies, who were forced to acknowledge to a Senate Judiciary ...
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