ABU DHABI / WAM UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan has sent a message of congratulations to President Jakov Milatović of Montenegro, on the occasion of his country’s Independence Day. His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, and His Highness Sheikh Mansour bin ...

BLOOMBERG Boeing Co delivered 60 jets in June, including 49 of its best-selling 737 models, beating analyst expectations even as it contended with a strike at a key supplier and manufacturing defects. The tally boosted the US planemaker’s total handovers for the second quarter to 136 jets, 12% more than a year earlier. Analysts had expected Boeing to deliver about ...

BLOOMBERG Amazon.com Inc’s Prime Day sale can be a frustrating experience because the best deals are often gone in seconds. So this year, the company is dangling an “invite-only” promotion designed to give customers a better shot at snagging the bargains they want. Shoppers request an invite for discounted items they see on the site — 32% off an Acer ...

DUBAI / WAM Dubai Municipality signed a memorandum of understanding (MoU) with the Dubai Integrated Economic Zones (Diez) Authority as part of the Dubai Horizons System, which organises routes in low-altitude airspace and drone landing locations. The MoU supports the aspirations of Dubai in the field of air mobility and achieving objectives and strategies of Dubai Municipality for the Dubai ...

ABU DHABI / WAM The UAE has welcomed the adoption of the United Nations Human Rights Council (UNHRC) resolution on countering religious hatred as incitement to discrimination, hostility, or violence, stressing the importance of enhancing respect for religions, tolerance, and peaceful coexistence, which are the most effective principles to achieve prosperity, development, and harmony. In a statement, the Ministry of ...

BRUSSELS / WAM Dr Sultan bin Ahmed Al Jaber, Minister of Industry and Advanced Technology, and COP28 President-Designate, has called on governments, industry, and all stakeholders to “disrupt business as usual” and take decisive action to tackle the climate crisis. Speaking at the Ministerial on Climate Action in Brussels, convened by the environment ministers of the European Union, Canada, and ...

ABU DHABI / WAM Emirates Steel Arkan (ESA) has signed a memorandum of understanding (MoU) with the Sultanate of Oman’s leading steel products manufacturer Al Jazeera Steel Product Company (AJSP) to establish a strategic framework for collaboration, further benefitting from joint product expertise and seizing new opportunities in the steel business ecosystem. This MoU comes at a time when AJSP ...

The Bank of Korea (BOK) held its policy rate steady for a fourth-straight meeting and pledged to retain a restrictive policy stance for a considerable time as it seeks to put a lid on consumer inflation. The central bank kept its seven-day repurchase rate at 3.5% as predicted by all 15 economists surveyed by Bloomberg News. The BOK pledged in ...

BLOOMBERG  Wells Fargo & Co has hired a couple of mergers and acquisitions bankers from Barclays Plc and Citigroup Inc as it builds up its Wall Street advisory business, according to a person familiar with the matter. Tom Drake is joining the San Francisco-based bank from Barclays as a managing director in its M&A group focussing on healthcare services and ...

BLOOMBERG  Senator Elizabeth Warren called on the Federal Reserve to halt interest-rate increases as the US inflation rate slid to a more than two-year low. “Take yes for an answer, Chair Powell, and let’s stop with the rate increases,” Warren, a Massachusetts Democrat, said in an interview. She has famously called Jerome Powell, the central bank’s chairman, a “dangerous man ...