Bloomberg The UK economy’s sweet spot is about to be challenged. Prime Minister Theresa May kickstarted the formal withdrawal from the European Union on Wednesday, leaving businesses and investors facing the realities of Brexit and changes to everything from regulation to the movement of workers and goods. There’s also a lack of clarity over whether a good deal — ...
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Trump coal sale plan challenged by tribe, environmentalists
Bloomberg Native Americans and conservation groups moved to challenge the Trump administration’s decision to restart coal leasing on federal lands, arguing in a legal filing that the activity violates federal environmental laws. The groups filed their lawsuit in a Montana-based federal court, hours after Interior Secretary Ryan Zinke signed an order to resume selling rights to mine federally owned ...
Read More »Home buyers shrug off Brexit as UK market remains buoyant
Bloomberg Steve Victor pulled out of buying his first home the day after Britain voted to leave the European Union. Just a month later, the IT contractor dived back into the market to become the owner of a penthouse apartment in London. “I bailed on the initial shock, but after it sank in I came to the conclusion I ...
Read More »Apple, Wal-Mart stick with climate pledges
Bloomberg Many of America’s biggest corporations including Apple Inc. and Wal-Mart Stores Inc. are sticking by their pledges to fight climate change even as President Donald Trump guts his predecessor’s environmental policies. Companies say their pledges, coordinated by the Obama administration, reflect their push to cut energy costs, head off activist pressure and address a risk to their bottom ...
Read More »Hamed attends closing ceremony of ‘Zayed 2’ joint military exercise
Abu Dhabi / WAM HH Sheikh Hamed bin Zayed Al Nahyan, Chief of the Abu Dhabi Crown Prince’s Court, attended on Wednesday the closing of the ‘Zayed 2’ joint military exercise in the UAE’s territories, between the UAE Armed Forces and the Egyptian Armed Forces. The event was also attended by Lt. General Hamad Mohammed Thani Al Rumaithi, Chief of ...
Read More »Second aerospace facility to come up in Abu Dhabi by 2020
Abu Dhabi / WAM Abu Dhabi’s advanced composite aerostructures manufacturing facility Strata Manufacturing, on Wednesday unveiled plans for its second facility at Nibras Al Ain Aerospace Park. The Strata 2.0 facility will more than double Strata’s existing capacity and sets the company on a firm path towards Abu Dhabi’s long-term goal of achieving economic diversification and driving global competitiveness for ...
Read More »UAE bank credit to industrial sector grew 190% in 10 years
ABU DHABI / WAM The UAE bank credit to the industrial sector grew by 190 percent to AED70 billion over the past decade, accounting for 4.8 percent of the total loans channelled to business sectors in the UAE by the end of 2016, according to the UAE’s Central Bank recent data. Bank industrial credit for foreigners in the country ...
Read More »Mother of the Nation Festival welcomes 40,000 visitors
Abu Dhabi / Emirates Business The second edition of the Mother of the Nation Festival has captured the imaginations of more than 40,000 visitors through a breath-taking range of entertainment offerings, exhilarating activities and interactive installations over the course of three days following its grand opening on 26th March. Organised by Abu Dhabi Tourism & Culture Authority (TCA Abu ...
Read More »ADNEC to promote UMEX 2018, SimTEX 2018, IDEX and NAVDEX 2019
Abu Dhabi / Emirates Business Abu Dhabi National Exhibitions Company (ADNEC) announced the launch of an international promotional campaign for its defence exhibitions, which include the upcoming Unmanned Systems Exhibition and Conference (UMEX 2018) and the Simulation and Training Exhibition and Conference (SimTEX 2018), to be held in February, 2018, as well as the International Defence Exhibition & Conference ...
Read More »Newest Texas refineries plan to turn shale into fuel for Mexico
Bloomberg The newest oil refineries in Texas are looking to join the hottest two plays in the North American oil industry. Raven Petroleum LLC and MMEX Resources Inc. are building refineries in the Eagle Ford and Permian Basin that will process ample local supplies of light crude into gasoline and diesel. The fuel will be shipped on existing rail ...
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