Uncategorized

DUBAI / WAM Vice President and Prime Minister of UAE and Ruler of Dubai, His Highness Sheikh Mohammed bin Rashid Al Maktoum, has emphasised the importance of creating a new generation of young leaders who are capable of shaping the future of the UAE and the world in various fields. His Highness Sheikh Mohammed bin Rashid made the remarks on ...

Abu Dhabi / Emirates Business Etisalat Group announced its consolidated financial statements for H1 ending June 30, 2017. The revenues amounted to AED 15.4 billion representing 3% increase year over year, while net profit amounted to AED 4.2 billion representing 7% increase year over year. The subscriber base reached 12.4 million representing Year over Year increase of 2%. Group consolidated ...

Abu Dhabi / WAM Abu Dhabi Global Market (ADGM), the International Financial Centre in Abu Dhabi, and the Australian Securities and Investments Commission (ASIC) have strengthened their FinTech collaboration with an official strategic partnership to further advance developments and initiatives that nurture Fintech entrepreneurship and support innovation in financial services in Abu Dhabi and Australia. The FinTech bridge is a ...

RAS AL KHAIMAH / WAM Ras al-Khaimah Chamber of Commerce and Industry, RAK Chamber, has signed a Memorandum of Understanding (MoU) with Ras al-Khaimah International Airport, to boost mutual cooperation, exchange of expertise and studies. The MoU will cement the basis of joint work between the two parties in a systematic way that aims at realising a constructive mutual partnership ...

Bloomberg AT&T Inc. shares surged the most in more than eight years after the telecommunications giant posted a surprise wireless subscriber gain in the second quarter, showing it can fend for itself in a cutthroat price war. Second-quarter earnings topped estimates, and wireless customers rose by 127,000, compared with analysts’ average projection for a loss of 22,713. An offer for ...

Bloomberg Hyundai Motor Co. is banking on a new compact SUV to reinforce its lineup and help arrest a slide in sales in its biggest markets, after misjudging the consumer shift away from sedans that forced the South Korean automaker to increase incentives for consumers. The compact model, called the Kona after a seaside town in Hawaii, will be introduced ...

Bloomberg Russia threatened to retaliate against new sanctions passed by the US House of Representatives, saying they made it all but impossible to achieve the Trump administration’s goal of improved relations. The measures push US-Russia ties into uncharted territory and “don’t leave room for the normalization of relations” in the foreseeable future, Russian Deputy Foreign Minister Sergei Ryabkov said on ...

Bloomberg Nintendo Co.’s Switch is showing signs of becoming a money earner. The Kyoto-based company reported profit and sales that topped estimates as more people bought the new gaming machine, lifting prospects for brisk shipments during the holiday season. Operating profit for April-June, the Switch’s first full quarter on store shelves, was 16.2 billion yen ($145 million), exceeding analysts’ average ...

Bloomberg India opened a probe into whether Chinese solar-equipment makers are hurting its domestic industry by dumping inventories and driving down prices to unfair levels. “A causal link between the said dumping and injury exists to justify an initiation of an anti-dumping investigation,” according to a notification published on the website of the Directorate General of Anti-Dumping and Allied Duties. ...