Bloomberg Toyota Motor Corp cut its global car production target for November by around 15% from an earlier plan as a shortage of parts continues to weigh on the world’s No. 1 automaker. The Japanese company had initially planned to make 1 million cars next month but now expects to do only around 850,000 to 900,000 units, it said. “Since ...

Bloomberg Apple Inc is likely to slash its projected iPhone 13 production targets for 2021 by as many as 10 million units as prolonged chip shortages hit its flagship product The company had expected to produce 90 million new iPhone models in the last three months of the year, but it’s now telling manufacturing partners that the total will be ...

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, and President of the Republic of the Congo, Denis Sassou Nguesso, on Wednesday discussed relations and cooperation between the their countries and ways to enhance them in the economic, trade, investment, and developmental areas ...

ABU DHABI / WAM The Abu Dhabi Department of Economic Development (Added) launched the golden list project of the industrial products in Abu Dhabi, in collaboration with the Department of Government Support (DGS). This project supports the ICV Certification by encouraging contractors to purchase “Golden list” products in the government bids. This will, in turn, enhance the versatility of the ...

Abu Dhabi / WAM Etihad Airways raised $1.2 billion in the first sustainability-linked loan (SLL) tied to environmental, social and governance (ESG) targets in global aviation. The transaction is the largest sustainable financing in the airline’s history and follows two innovative aviation financing deals – a first-of-a-kindsustainability-linked transition sukuk in 2020 and a loan tied to the UN Sustainable Development ...

ABU DHABI / WAM Fertiglobe, a 58:42 partnership between OCI and Adnoc on Wednesday announced the offer price range and the opening of the subscription period for its initial public offering (IPO) on the Abu Dhabi Securities Exchange (ADX). The opening of the subscription period for the IPO commences Wednesday, October 13, and will continue until Monday, October 18 for ...

ABU DHABI / WAM Accenture, Etisalat Digital, and Oracle signed a three-year memorandum of understanding (MoU) to offer SMEs and large enterprise clients in the Middle East a seamless digital transformation and journey to Oracle cloud solutions that include infrastructure as a service, platform as a service, and software as a service. By offering a one-stop-shop for Oracle solutions, the ...

DUBAI / WAM DMCC, the world’s flagship Free Zone and Government of Dubai Authority on commodities trade and enterprise, discussed with Lefoko Maxwell Moagi, Botswana’s Minister of Mineral Resources, Green Technology and Energy Security, how Dubai and Botswana can enhance existing ties to grow bilateral trade. During the meeting held at the Dubai Diamond Exchange, the minister was joined by ...

Dubai / Emirates Business Blue Ocean Academy has announced a special two-day leave with company-sponsored tickets for all its employees to enjoy the experiences of the Expo 2020 Dubai – the world’s greatest show. The latest announcement which has doubled the excitement of every Blue Ocean employee is a unique attempt by the company’s management that strives to support both ...

Emirates Business Khalifa Saif Al Muhairbi, the Chairman of the Board of Directors of the Arabian Gulf Investment Company, said the UAE government is leading an innovative professional methodology by announcing its budget for the next five years to demonstrate to the world its superiority and ability to navigate the future with confidence and creativity. Al Muhairbi stressed that the ...