Bloomberg The US agency overseeing aviation safety loses its chief at midnight with no replacement in sight—days after President Donald Trump took credit in a tweet for the airlines’ safest year on record. Federal Aviation Administration head Michael Huerta, who rose unexpectedly to lead the agency in 2011 after the sudden departure of his predecessor, will step down at the ...

ABU DHABI / WAM The market capitalisation of companies listed at Abu Dhabi Securities Exchange (ADX) increased 2.1 percent during 2017, to AED485 billion by the end of the year from AED475 billion by the end of 2016. In a report issued on Saturday, ADX said the market cap of listed domestic firms rose to AED457 billion, an increase of ...

Abu Dhabi / WAM The Federal Tax Authority (FTA) has called on UAE citizens and residents to be “wary of uninformed and unreliable sources of information who are circulating misleading information around the introduction of VAT in the country.” The FTA emphasised in a statement on Saturday on the importance of referencing and checking accurate sources of information, such as ...