Bloomberg As Hurricane Florence batters the southeastern US, a small army of drones is being assembled to quickly help identify and even fix damage caused by the storm. At least 53 drone teams have been recruited to help with damage assessment, said Brian Reil, a spokesman for Edison Electric Institute, the Washington-based industry group coordinating utility recovery efforts. Each team ...

Bloomberg Abu Dhabi is set to cash in significant gains as its Mubadala Investment Co. pushes ahead with an initial public offering (IPO) for Spanish oil firm Cepsa, in what could be the largest such deal in a decade. The state-owned investor decided to proceed with an IPO rather than a sale after potential bidders for the company were narrowed ...

Abu Dhabi / WAM The UAE banking sector has continued to top other GCC counterparts in terms of assets value during H1 2018, with a total value of AED2.7 trillion ($748 billion), a growth of 2 percent compared to the end of 2017. According to industry experts, the UAE banking sector’s leading edge corroborates the robust financial solvency it enjoys ...