July, 2017

• 29 July

  ADSIC, TRA sign data exchange deal

  

  ABU DHABI / WAM The Abu Dhabi Systems and Information Center (ADSIC) and the Telecommunications Regulatory Authority (TRA) signed a Government Data Exchange MoU, with the aim of benefiting from government services in Abu Dhabi through the Abu Dhabi Enterprise Service Bus platform. The agreement was signed by Rashid Lahij Al Mansouri, Director General of ADSIC and Hamad Obaid Al ...

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• 29 July

  RTA to carry out improvement works to ease traffic at 5 hotspots in Dubai

  DUBAI / WAM The Board of Executive Directors of Roads & Transport Authority (RTA) chaired by Mattar Al Tayer, Director-General and Chairman of the Board of Executive Directors has endorsed quick solutions at more than 5 congested traffic spots in Dubai. Improvement works in these hotspots are expected to be completed by the first quarter of 2018. “These traffic solutions ...

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• 29 July

  Musanada to deliver AED44mn Al Rahba ‘renovation project’

  ABU DHABI / WAM The Abu Dhabi General Services Company, Musanada, has revealed that it has completed the emergency department renovation and expansion project at Al Rahba Hospital, to be eventually be handed over to Abu Dhabi Health Services Company, Seha, during the third quarter of 2017. This forms part of Musanada’s efforts to deliver projects that will achieve the ...

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• 29 July

  FDA targ­ets cigarettes to widen its fight against addiction in US

  

  Bloomberg Eight years after it was given the power to meaningfully change smoking in America, the US Food and Drug Administration (FDA) moved to do so. The FDA announced it would take advantage of powers in the Family Smoking Prevention and Tobacco Control Act — a law enacted under a Democratic Congress and then-President Obama — to cut the level ...

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• 29 July

  City of London skyscraper stake to be offered for sale

  

  Bloomberg Gerald Ronson’s UK property company plans to sell its stake in the City of London office building known as Heron Tower, a person with knowledge of the matter said, as overseas investors pay record values for properties in the financial district. Ronson’s Heron International owns about a third of the 46-story skyscraper officially called 110 Bishopsgate. The stake will ...

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• 29 July

  Top German automakers sued in ‘cartel’ case

  

  Bloomberg German’s major automakers were accused in a US lawsuit of acting as a cartel, colluding for nearly two decades to limit the pace of technological advances in their vehicles and stifle competition — allegations that widen the scope of the latest scandal to hit the nation’s auto industry. BMW AG, Daimler AG, Volkswagen AG and its Audi and Porsche ...

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• 29 July

  Netflix adds $500 mn credit for TV shows

  

  Bloomberg Netflix Inc., which has been spending billions of dollars on TV shows and movies for its online video service, lined up a $500 million revolving credit facility through five lenders including Deutsche Bank AG and Goldman Sachs Group Inc. The company has the option to increase the credit line by $250 million, according to a regulatory filing on Friday. ...

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• 29 July

  Waltham Forest tops London house price gains; beats Kensington

  

  Bloomberg Move over Kensington and Chelsea. The area of London that’s seen the biggest jump in property values over the past five years has been Waltham Forest. According to mortgage lender Halifax, prices in the capital’s northeast borough have jumped 93 percent since 2012 when the city hosted the Olympic Games nearby. That outstrips the 57 percent gain across Greater ...

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• 29 July

  Ford’s Turkey production plant shuts down

  

  Bloomberg An extended shutdown of a Ford production facility in Turkey is due to a supply shortage of a transmission produced in Bordeaux, according to people with direct knowledge of the matter, who asked not to be named because the issue hasn’t been publicly announced. The Ford Otosan plant in Yenikoy, Kocaeli province, a joint venture between Ford Motor Co. ...

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• 29 July

  Kim Jong Un says entire US in range of North Korea’s ICBM

  

  Bloomberg North Korean leader Kim Jong Un claimed he could strike the entire continental US after test-firing the regime’s second intercontinental ballistic missile within a month. Friday’s unusual late-night launch drew condemnation from the US and its allies, with the top American general calling his South Korean counterpart to discuss a potential military response. President Donald Trump said the test ...

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