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  Abu Dhabi / WAM Bloomberg and Abu Dhabi Global Market (ADGM), the world’s newest international financial centre have signed an exclusive launch of partnership leveraging Bloomberg’s new regionalised editorial platforms. The partnership aims to widen the understanding of the business landscapes in the Middle East region across these new platforms, including a dedicated digital destination, original television programming and a ...

  Sunaina Rana / Emirates Business Latest Innovation trends and maintenance cycles have taken the center-stage at the ongoing GCC Plant Maintenance and Reliability Conference (Maintrel 2016) in Dubai. The event focused on the significance of reducing the overall operating costs, while boosting the productivity of the plants. The conference showcased the industries’ commitment towards nurturing a sustainable environment in ...

  Beijing / Bloomberg Mitsubishi Motors Corp. admitted to manipulating test data involving 625,000 vehicles in order to improve fuel-economy claims. The affected models include those supplied to Nissan Motor Co., which discovered the manipulation, according to a statement by Mitsubishi Motors. The two companies are discussing compensation and Mitsubishi is also checking whether the cheating affected overseas models. Mitsubishi ...

  Bloomberg U.K. unemployment rose for the first time in seven months and employers added far fewer jobs than forecast, suggesting the labor market is cooling. The number of people looking for work climbed by 21,000 to 1.7 million in the three months through February, the Office for National Statistics in London said on Wednesday. That left the jobless rate ...

  Bloomberg Argentina’s blockbuster $16.5 billion bond sale is opening up the floodgates for junk-rated issuers in developing countries. The Latin American country’s return to global capital markets for the first time since its 2001 default brought high-yield issuance from emerging markets to $18 billion this week. That’s more than the previous 11 weeks combined, and money managers from Aviva ...

  Riyadh / AFP US President Barack Obama arrived in Saudi Arabia for a two-day visit on Wednesday hoping to ease tensions with Riyadh and intensify the fight against extremists. He also seeks to focus discussions on efforts to end wars in Syria and Yemen. Dressed in a grey suit, Obama emerged at 1:14 pmand descended the steps of Air ...

  New York / AFP Billionaire Donald Trump and former secretary of state Hillary Clinton won sweeping victories in the New York primary, bolstering their bids to secure the Republican and Democratic nominations for the White House. It was the most decisive New York primary in decades and leaves self-styled democratic socialist Bernie Sanders with a tough decision on how ...

  Dubai / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of UAE and Ruler of Dubai, accompanied by HH Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, honoured the winners of the 19th edition of Dubai Government Excellence Programme (DGEP) Awards, during a ceremony which took place on Tuesday at the ...

  ABU DHABI / WAM His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, held talks on Tuesday at Al Shatea Palace with visiting Secretary of Defence, Ashton Carter, centred on efforts being exerted by the international community to counter terrorism, violence and terrorist groups as well ...

  DUBAI / WAM The United Arab Emirates remains one of the world’s top trading economies, ranking 20th globally and first in the Middle East and Africa in commodity exports. It also placed 19th internationally in commodity imports and led the MENA region in overall commodity trade, with regional exports totalling USD 265 billion to account for 1.6 percent of ...