Abu Dhabi / Emirates Business Strata Manufacturing PJSC (Strata), the advanced composite aero-structures manufacturing facility wholly owned by Mubadala Investment Company, has successfully completed the industrialization of the Airbus A350-900 elongated Flap Support Fairings (eFSFs) modification for Belgian aerospace company, Sociétés Anonyme Belge de Constructions Aéronautiques (SABCA). The new eFSFs are designed to further optimize the aerodynamics, resulting in lower ...

Abu Dhabi / Emirates Business Abu Dhabi University (ADU), an internationally recognized academic institution for quality education and applied research, scored third globally in the Quacquarelli Symonds’ (QS) World University Rankings 2019 on the international faculty indicator. The university scored a progress of 50 ranks compared with last year’s results, marking its way in the 701 – 750 performance rank. ...

Bloomberg Internet giant Meituan Dianping has filed for an initial public offering in Hong Kong, becoming the latest Chinese technology juggernaut to throw a multi-billion-dollar coming-out party in the former British colony this year, according a person familiar with its filing documents. The food delivery and restaurant reviews service submitted documents for a share listing late on June 22, the ...

Bloomberg Terry Gou, the billionaire chairman of Apple Inc.’s main iPhone assembler, said the biggest challenge facing his Foxconn Technology Group is a trade war between the US and China. Foxconn has a number of response plans to a trade war, Gou said, without elaborating, at the annual shareholder meeting of Hon Hai Precision Industry Co., his main listed unit. ...

Bloomberg ZTE Corp. is close to clearing the final hurdle needed for the Trump administration to lift sanctions that prevented the Chinese telecommunications giant from buying American equipment, a US Commerce Department official said. The Shenzhen-based company has paid a $1 billion fine and another $400 million in escrow will be completed in a couple of days, the official said. ...

Bloomberg Indian startup Swiggy has raised $210 million in a round led by South Africa’s Naspers Ltd. and investment house DST Global, setting a stage for a battle between well-funded players in the sizzling food-delivery sector. The financing values the four-year-old startup at well over $1 billion, according to people familiar with the deal. That makes Swiggy the second unicorn ...

Bloomberg Hainan, the Chinese tropical island seeking to become a global tourism attraction, plans to allow foreign visitors access to currently blocked sites such as YouTube. Usage of services including Facebook and Twitter would be allowed in areas of Hainan’s two biggest cities of Haikou and Sanya, according to the provincial government’s three-year plan posted on an official website. The ...

Bloomberg Pipeline bottlenecks in North America’s biggest oil field are so pervasive that drillers are quitting new wells at a record pace. And it’s about to get a lot worse. The vast pipe networks that haul crude from the Permian Basin are almost completely full thanks to a production boom in the oil-rich area of West Texas and New Mexico. ...

Bloomberg Upstart Mexican driller Sierra Oil & Gas S de RL de CV, which co-owns a billion-barrel find in the Gulf of Mexico, has hired Canada’s Scotia Waterous to sell a stake in a nearby exploratory block. “We are negotiating the final terms of the agreement with the buyer,” said Ivan Sandrea, Sierra’s chief executive officer, speaking over the phone ...

Bloomberg Thousands of wind turbines from Germany to the UK are set to grind to a halt next week, cutting electricity supplies at the same time as the next wave of hot weather arrives. As the warmest second quarter in 30 years draws to a close, next-month power prices in Europe’s biggest economy are already trading at their highest for ...