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HP cuts profit forecast as PC sales slide

  Bloomberg HP Inc reported quarterly sales that missed estimates and reduced its annual profit forecast on falling demand for personal computers and printers, especially among consumers. The shares fell in extended trading. Fiscal third-quarter revenue fell 4.1% to $14.7 billion, the Palo Alto, California-based company said in a statement. Consumer sales in its computer division declined 20%, led by ...

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Oil’s rough week ends with rebound over Opec+ risk

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  Bloomberg Oil rises, paring a hefty weekly decline, as Opec ministers and allies prepare to discuss crude output. West Texas Intermediate futures climbed above $88 a barrel on Friday after slumping almost 11% over the prior three days. Traders shrugged off an announcement by G-7 leaders of plans to cap the price of Russian crude in retaliation for Vladimir ...

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Abdullah chairs third session of UAE-India Strategic Dialogue

  Abu Dhabi / WAM HH Sheikh Abdullah bin Zayed Al Nahyan, Minister of Foreign Affairs and International Cooperation, chaired the third session of the UAE-India Strategic Dialogue, which was held on Friday in Abu Dhabi. The Indian side was headed by Dr. Subrahmanyam Jaishankar, India’s Minister of External Affairs. During the session, the sides discussed issues of common interest ...

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Chinese envoy lauds overall UAE-China ties

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  Dubai / WAM Zhang Yiming, ambassador of China to the UAE, has lauded the advancement in the overall relations between China and the UAE, especially in the areas of culture and education. In recent years, their people-to-people ties have seen significant development, he said, noting the signing of a comprehensive strategic partnership between the two countries. In his statement ...

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Aldar fully acquires Spark Security for AED125mn

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  Abu Dhabi / WAM Aldar Properties on Friday announced that it is scaling up its property and integrated facilities management platform through the full acquisition of Spark Security Services, a leading UAE-based manned guarding security services provider. The all-cash AED125 million transaction further strengthens Aldar’s property and integrated facilities management platform to deliver a broader offering to customers, ranging ...

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Expo City Dubai sees first visitors

  Dubai / WAM Expo City Dubai welcomed its first visitors with guests enjoying an early look at two of its popular attractions ahead of the official opening on October 1. Fans of Expo 2020 Dubai – the first ever World Expo to be held in the Middle East, Africa and South Asia – marked the start of Expo City ...

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UAE President receives Indian PM’s letter on strengthening strategic ties

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Abu Dhabi / WAM President His Highness Sheikh Mohamed bin Zayed Al Nahyan received on Friday a written letter from Narendra Modi, Prime Minister of India, regarding strengthening the strategic relations between their countries and the prospects of developing them to serve their common interests. His Highness Sheikh Mohamed received the letter during a meeting with Dr. Subrahmanyam Jaishankar, India’s ...

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Aldar fully acquires Spark Security for AED125 million

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  Abu Dhabi / WAM Aldar Properties on Friday announced that it is scaling up its property and integrated facilities management platform through the full acquisition of Spark Security Services, a leading UAE-based manned guarding security services provider. The all-cash AED125 million transaction further strengthens Aldar’s property and integrated facilities management platform to deliver a broader offering to customers, ranging ...

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UAE has provided women with all support needed to succeed: Sheikha Mozah

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  DUBAI / WAM Sheikha Mozah bint Marwan Al Maktoum, First Lieutenant Pilot at Dubai Police, has highlighted the UAE’s journey in women’s empowerment and the country’s efforts to boost their participation across various fields. In her keynote speech at the Women in Tech LATAM Awards in Rio De Janeiro, Brazil, Sheikha Mozah also discussed women’s contribution to aviation throughout ...

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