Bloomberg For US airlines, the phrase “Made in America” comes with a whole new financial imperative thanks to the trade fight between the Trump administration and Europe. In October, the White House levied a 10% tariff on European-built aircraft as part of a broader conflict over aviation industry subsidies. The move followed a World Trade Organisation ruling that EU assistance ...

Bloomberg Beyond Meat Inc. is pushing further past its plant-based beef into poultry, and Chief Executive Officer Ethan Brown says that product line will finally get more attention in 2020. “You’ll see some exciting things from us in the poultry space in 2020,” Brown said in an interview with Bloomberg TV about his inclusion on this year’s Bloomberg 50 list. ...

Dubai / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, and His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, invited the public to take part in selecting the new logo that will represent the ...

Abu Dhabi / WAM The UAE Banks Federation (UBF), culminated another successful year, hosting on Monday its Board of Directors (BoD), and its CEOs Advisory Council meetings, specially after it was announced that the year 2020 will be the “Year of Getting ready for UAE’s 50th Anniversary”, the Golden Jubilee year. The two meetings outlined UBF’s 2020 priorities in line with ...

Dubai / Emirates Business Dubai Land Department (DLD) continuously works through its various sectors to develop services provided by its partners, with the most recent effort being the development of the real estate valuation companies and valuator classification project by the Real Estate Regulatory Agency (RERA), in recognition of the important services they provide to various parties in the real ...

Abu Dhabi / WAM Zaki Nusseibeh, Minister of State, received Liborio Stellino, Italian Ambassador to the UAE, with the attendance of Professor Ida Zilio Grandi, Director-General of the Italian Cultural Institute in Abu Dhabi, at the Ministry of Foreign Affairs and International Cooperation. During the meeting, both sides discussed ways of developing their bilateral relations in the areas of culture ...

Dubai / WAM Frequent foreign visitors to Dubai will “soon” be able to avoid waiting in a queue for eye scan at airport, which is a mandatory security check procedure. An automatic registration system enabled by advanced cameras will carry out the eye scan of all passengers, easing the passenger flow and saving their time, senior officials told the Emirates ...

Abu Dhabi / WAM The Abu Dhabi Fund for Development (ADFD), has earmarked a government grant worth $5 million (AED18.3 million) for a vital project that aims to enhance social services for the Liberian population. Located in the capital Monrovia, the grant will support the development of modern integrated sports and leisure infrastructure. The scope of the project includes the ...

DHAHRAN / AGENCIES Saudi Arabian Oil Company, Saudi Aramco, has completed, through its subsidiary Aramco Overseas Company, the acquisition of 17 percent of Hyundai Oilbank from Hyundai Heavy Industries Holdings, for approximately $1.2 billion. The completion follows receipt of all necessary regulatory consents and approvals. According to a statement issued by the company, the investment in South Korea’s Hyundai Oilbank ...

DUBAI / WAM The UAE ranked first in Middle East and North Africa region this year in “National Trademark Report 2019,” issued by Brand Finance. The report tracks the most valuable and most influential national brands from the world’s top 100 countries and measures their strength and value, with a focus on goods, services, investment and society. The UAE is ...