Bloomberg Home Depot Inc cut its revenue forecast on lumber price deflation and concern that President Donald Trump’s recently announced tariffs will hurt US consumption. Same-store sales — a key gauge of a retailer’s performance — rose 3 percent in the second quarter, trailing the average 3.2 percent projection, according to Consensus Metrix. The company now sees 4 percent growth ...

Bloomberg Oil rose for a second day as a drone attack on a Saudi Arabian oil field revived concerns that the tense Middle East political situation may jeopardise crude exports. Futures in New York advanced 0.6 percent to trade near $55 a barrel. Yemeni rebels attacked oil and gas facilities at the Shaybah field in the southeast part of the ...

Dubai / WAM Dubai Financial Market (DFM) on Monday announced that its listed companies have record-ed a 96 percent compliance regarding the disclosure of Q2- 2019 results within the deadline of 45 days from the end of the period. The total number of UAE public and private joint-stock companies as well as the dually- listed companies on Dubai Financial Market, ...

Bloomberg US President Donald Trump’s tariffs on Chinese imports are getting a lot of blame for slowing the global economy, but it’s his Twitter habit that could be even more harmful. According to a report by Bloomberg Economics’ Dan Hanson, Jamie Rush and Tom Orlik, uncertainty over trade could lower world gross domestic product by 0.6 percent in 2021, relative ...

Bloomberg The US will extend for another 90 days a narrow set of exemptions that had protected rural networks and other US customers from a ban on doing business with China’s Huawei Technologies Co., Commerce Secretary Wilbur Ross said on Monday. Some telecom companies in the US are “dependent” on Huawei, and thus a 90-day reprieve was deemed appropriate, Ross ...

DUBAI / Emirates Business Following the release of A-Level examination and GCSE results, high school students across the UAE will heave a sigh of relief — but after months of anxious waiting, selecting a future career can still pose a dilemma for many, especially for those who do not prefer to pursue a conventional education. Stepping in to support students ...

DUBAI / WAM Some 2,800 students participated in the “TRA Innovation Camp” organised in all the emirates by the Telecommunications Regulatory Authority (TRA). The aim of the camp this year was to support the culture of artificial intelligence (AI), and data science and encourage the younger generation for entrepreneurship, identifying innovative solutions and shaping the future, in line with the ...

Dubai / WAM The Training Centre at Dubai Customs launched a language learning programme for customs inspection officers to help them communicate with other clients of different nationalities in their native language. The centre also helps to enrich the cultural experience of inspectors and adds value to their careers. The programme is part of the effort of Dubai Customs to ...

Dubai / Emirates Business Following its global milestones achieved in 5G network this year and the live 5G video calls made across various locations in UAE, Etisalat announced the availability of 5G coverage in the world’s tallest and iconic tower Burj Khalifa showcasing readiness of the state-of-the-art 5G network and compatibility with industry leading 5G smartphones. The 5G call is ...

ABU DHABI / WAM Abu Dhabi Health Services Company (Seha), the UAE’s largest healthcare network, announced that over 200,000 patients have sought treatment across its orthopedic facilities. Of these 200,000 patients, over 35,000 have been treated in the first half of 2019 alone. Most orthopedic cases range from victims of traffic accidents and fall, to workplace-related injuries caused due to ...