Bloomberg AT&T Inc, which is returning to its roots as a pure telecom company, showed investors how it plans to balance expanding broadband services while paying for network upgrades and a $8 billion dividend. AT&T Chief Executive Officer John Stankey says the spinoff of WarnerMedia in the coming weeks will mark the “starting line of a new era” for ...

  Bloomberg Ford Motor Co projects a 12% drop in US sales this year as production bottlenecks worsen, Automotive News reported. Executives told dealers they now see US deliveries of 1.66 million vehicles this year, down from 1.9 million in 2021, the publication said, citing two people present at the meeting. The US automaker has already lost 100,000 units of ...

  ABU DHABI / WAM The UAE has participated in the third ministerial meeting of the Coalition for the Sahel, which was held virtually to review the guidelines of a collective action to achieve stability in the Sahel region, and provide a framework for developing a roadmap for the coalition. During the meeting, the UAE affirmed its commitment to joint ...

  DUBAI / WAM DP World Limited announced strong financial results for the year 2021, achieving a revenue growth of 26.3 percent to $10,778 million and adjusted EBITDA growth of 15.3 percent to $3,828 million, with adjusted EBITDA margin of 35.5 percent. The revenue increase from $2,245 million to $10,778 million is supported by acquisitions and new concessions including Angola, ...

  ABU DHABI / WAM The UAE has strongly condemned and denounced the drone attack on the Riyadh oil refinery in the Kingdom of Saudi Arabia. In a statement by the Ministry of Foreign Affairs and International Cooperation (MoFAIC) on Friday, the UAE affirmed this attack is a cowardly terrorist act, and a war crime that requires a response against ...

  DUBAI / WAM The real estate and properties transactions valued at AED13.4 billion in total during the week ending 11 March 2022, according to the Dubai Land Department (DLD). The weekly DLD report said the sum of transactions was 2,333. 245 plots were sold for AED2.09 billion, 1,542 apartments and villas were sold for AED3.29 billion. The top three ...

  DUBAI / WAM Dr Abdulrahman Al Awar, Minister of Human Resources and Emiratisation, discussed, with Imran Ahmad, Minister of Expatriates’ Welfare and Overseas Employment of Bangladesh, ways of boosting the labour relations between the UAE and Bangladesh. During the meeting the two sides highlighted their mutual keenness to advance their bilateral ties in labour areas. The meeting also addressed ...

  SHARJAH / WAM As part of Sharjah — Argentine Business Forum, the Sharjah Chamber of Commerce and Industry (SCCI) discussed with a high-level Argentinian delegation ways to enhance cooperation between the business communities in the Emirate of Sharjah and Argentina, to boost the economic, trade and investment relations to between their countries. This came when Abdallah Sultan Al Owais, ...

  ABU DHABI / WAM Maqta Gateway, AD Ports Group’s digital arm, has announced that it will provide the Advanced Trade and Logistics Platform (ATLP) with digital airfreight solutions as part of ongoing efforts to accelerate the digitalisation of Abu Dhabi’s trade and logistics landscape and to further enhance the capabilities of the ATLP platform. Inaugurated in May 2020 by ...

  DUBAI / WAM Dr Abdulrahman Al Awar, Minister of Human Resources and Emiratisation, discussed, with Imran Ahmad, Minister of Expatriates’ Welfare and Overseas Employment of Bangladesh, ways of boosting the labour relations between the UAE and Bangladesh. During the meeting, which took place at the headquarters of the Ministry of Human Resources and Emiratisation, the two sides highlighted their ...