Abu Dhabi / Emirates Business The fourth industrial revolution and advancements in technology within the aerospace sector will be analysed and displayed through dedicated sessions and a new experience zone at Global Aerospace Summit 2018. The Global Aerospace Summit will focus on the transformation taking place in the global manufacturing landscape, and what this means for the aerospace industry. A ...

Dubai / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai on Sunday attended the launch of DP World Cargospeed, a new global company created through a partnership between global trade enabler DP World and Virgin Hyperloop One, to provide hyperloop-enabled cargo systems to support the fast, sustainable ...

SHARJAH / WAM His Highness Dr Sheikh Sultan bin Mohammed Al Qasimi, Supreme Council Member and Ruler of Sharjah, inaugurated, on Sunday, the Rain Room, in the presence of Sheikha Hoor bint Sultan Al Qasimi, President of Sharjah Art Foundation (SAF). Designed by Sharjah Art Foundation as the Middle East debut, the Rain Room building, permanently located in Al Majarah ...

Abu Dhabi / WAM First Abu Dhabi Bank (FAB), reported on Sunday a net profit of AED3 billion for the first quarter of 2018, up two percent year-on-year and six percent quarter-on-quarter. Commenting on the bank’s performance, Abdulhamid Saeed, Group Chief Executive Officer of FAB, said, “I am pleased to announce that we started 2018 on a positive note with ...

ABU DHABI / WAM The Khalifa bin Zayed Al Nahyan Foundation has launched a Ramdan Iftar project, as part of its seasonal humanitarian projects and programmes for the Holy Month of Ramadan, that aim to benefit the largest number of people under the framework of social solidarity. During a press conference, which was held on Sunday and attended by the ...

Dubai / WAM Emirates National Oil Company (ENOC), has been appointed Expo 2020 Dubai’s Official Integrated Energy Partner with plans to set up a ‘service station of the future’ at the next World Expo. In line with its commitment to support the socio-economic growth of Dubai and the UAE, ENOC Group believes that Expo 2020, which has a core theme ...

Abu Dhabi / WAM Emirates Global Aluminium (EGA) signed a 15-year agreement with LD Ports and Logistics on Sunday, a subsidiary of Louis Dreyfus Armateurs, for the trans-shipment of bauxite in the Republic of Guinea. Also, Louis Dreyfus Armateurs and Abu Dhabi Ports separately signed an agreement to form a joint venture company to work together to carry out the ...

Bloomberg Baidu Inc. has raised more than $1.9 billion for its newly spun-off financial services division from TPG, Carlyle Group and other investors, creating one of China’s best-funded fintech companies. Taikang Group and other backers also joined the funding round for the newly formed company, which will be called “Du Xiaoman Financial” and use artificial intelligence to provide short-term loans ...

Bloomberg Less than a year after HNA Group Co. paid $2.21 billion for 245 Park Ave. — a purchase that raised eyebrows for its near-record price — the troubled Chinese conglomerate is in talks to sell the Manhattan office tower. SL Green Realty Corp., a lender to 245 Park, is in discussions with HNA to purchase the building, according to ...

Bloomberg Just a month after President Trump upended the global order with threats of tariffs against allies and adversaries alike, his ambassador to the World Trade Organization took aim at both China, a main focus of Washington’s ire, and the global trade body itself. China’s “trade-distorting policies” represent a “threat to the international trading system,” Deputy US Trade Representative Dennis ...