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  Bloomberg Bearish bets against Mobileye NV are receding after the maker of chips and software for driverless cars said it would team up with BMW AG and Intel Corp. to deliver fully-autonomous cars by 2021. Traders cut short interest on Mobileye, at one point the world’s most-shorted software stock, to 17 percent of shares outstanding last week, near the ...

  Istanbul / Bloomberg Turkey’s government is setting up an inner cabinet to oversee the implementation of the state of emergency it declared after last week’s botched coup, ramping up the effort to purge the influence of its accused mastermind from all walks of Turkish life. Prime Minister Binali Yildirim will chair the council composed of ministers including justice, interior, ...

  RITIKA SHARMA / Emirates Business As the UAE takes strides towards promoting environment initiatives, companies in the country are also leading the eco-march by example. In a recent and much-talked-about event, when UAE-based hotels chain ‘TIME Hotels’ grabbed the prestigious Green Key Award, the message went out loud and clear — that UAE is committed to the best when ...

  ALKESH SHARMA / Emirates Business As reports predict that whopping revenue of US$2 trillion will be generated through digital payments globally by 2020, experts also press for the need of having secure networks for the companies to ensure there is no cyber money heist. Industry veterans say that with astonishing rise in the users of digital payment platforms, these ...

  Bloomberg The Group of 20 economies reiterated a pledge to use all policy tools to help boost confidence and growth, while stepping up an emphasis on fiscal and structural measures rather than pumping additional monetary stimulus. “The global economic recovery continues but remains weaker than desirable,” finance ministers and central bank governors from the world’s top developed and emerging ...

  AFP China said on Sunday it has started imposing anti-dumping tariffs on certain steel imports from the European Union, Japan and South Korea, as Beijing itself comes under fire for similar trade practices. Duties on the materials, used in power transformers and electric motors, will range from around 37 to as high as 46.3 percent, the commerce ministry said ...

  SHARJAH / WAM Sharjah Investment and Development Authority (Shurooq) participated in the second edition of the GCC-British Economic Forum, which took place on July 21. Organised by the Arab British Chamber of Commerce and hosted in London, the forum saw the attendance of senior Emirati and British officials, executives, decision-makers, investors and businesspersons. Held under the banner: ‘Vision, Challenges ...

  DUBAI / WAM Mattar Al Tayer, Director-General and Chairman of the Board of Executive Directors of Roads and Transport Authority (RTA), revealed RTA’s intention to launch an Integrated Mobility Platform in Dubai, enabling customers an easy access to all mass transit systems through a single window (smart app). In this transit hub, RTA’s multi-modal transit systems (metro, tram, buses, marine ...

  Abu Dhabi / Emirates Business The Ministry of Finance (MoF) reviewed the International Monetary Fund’s (IMF) Article IV Mission to the United Arab Emirates report, which evaluates the UAE’s economic performance in 2016. The Executive Board of the IMF discussed the report during its last meeting, praising the country for its UAE Vision 2021, government strategies and ability to ...

  Al Ain / WAM Abu Dhabi General Services Company, Musanada, has so far completed 32 percent of Al Ain Hospital, which will be handed over to Abu Dhabi Health Services Company – (SEHA). This forms part of Musanada’s efforts to realize the vision of President His Highness Sheikh Khalifa bin Zayed Al Nahyan, and to carry out the projects that ...