April, 2017

• 4 April

  SDO launches ‘Vocal Emotions’ project

  

    Abu Dhabi / WAM Smart Dubai Office (SDO), the government entity charged with leading Dubai’s transformation to a smart city, has signed a cooperative agreement with Smartmedical, a company pioneering ‘Vocal Emotions’ technology. The Memorandum of Understanding (MoU) includes research on the concept and design of ‘Vocal Emotions’ technology. ‘Vocal Emotions’ technology measures the types of emotions people are experiencing ...

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• 4 April

  Abu Dhabi Ports delegation visits Wahat Al Karama

    Abu Dhabi / WAM A delegation from Abu Dhabi Ports visited Wahat Al Karama (Oasis of Dignity), a permanent memorial site dedicated to commemorate the memory of UAE martyrs who made the ultimate sacrifice to defend the country and protect its sovereignty. The delegation, headed by Captain Mohamed Juma Al Shamisi, CEO of Abu Dhabi Ports, inspected the Memorial Monument, ...

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• 4 April

  ADNH pledges AED3mn to support Sandooq Al Watan

  

    Abu Dhabi / Emirates Business Abu Dhabi National Hotels Company (ADNH) pledged AED3 million in support for Sandooq Al Watan’s activities, in a meeting held at ADNH’s Abu Dhabi headquarters. Working, first and foremost, to implement a holistic and sustainable development plan in the Emirates, Sandooq Al Watan reflects the UAE private sector’s commitment to social responsibility, and highlights ...

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• 4 April

  US auto industry sees swerve in consumer taste

  

    Bloomberg Ford Fusion: down 37 percent. Chevrolet Malibu: down 36 percent. Toyota Prius: down 29 percent. As those grim numbers suggest, the US auto industry was blindsided last month by just how fast sedans have fallen out of favor with Americans now embracing roomier sport utility vehicles. Family-friendly crossovers may be more profitable, but the quick shift is causing ...

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• 4 April

  Swiss regulator still probing UBS, three others over 1MDB role

  

    Bloomberg Switzerland’s financial regulator said it’s still probing UBS Group AG and three other private banks in relation to alleged corruption and money laundering at the Malaysian government fund known as 1MDB. “There are still a handful of cases related to 1MDB that have not been concluded,” Mark Branson, chief executive officer of the regulator Finma, told reporters in ...

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• 4 April

  Trump signs web privacy rollback democrats say is anti-consumer

    Bloomberg US President Donald Trump rescinded a rule requiring internet service providers to seek subscribers’ permission before using their web browsing history for marketing, handing broadband providers a victory and giving Democrats a campaign issue. Trump signed a resolution, which passed Congress with only Republican votes, to repeal the privacy rule adopted last year by Democrats at the Federal ...

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• 4 April

  Abu Dhabi leads ME stock rally

  

    Bloomberg Stock markets in the Middle East rose on Tuesday with Abu Dhabi gaining the most, buoyed by heavy trade in the shares of a newly merged bank while buying from foreign funds boosted Egypt. Shares of recently merged First Abu Dhabi Bank jumped 4.8 percent in very heavy trade, helping lift Abu Dhabi’s index 1.8 percent. Shares of ...

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• 4 April

  Global market shares mixed ahead of US-China talks

  

    AP European stocks are mixed after Asian markets finished mostly lower on Tuesday. Investors are cautiously awaiting President Donald Trump’s meeting with the Chinese president later this week. Britain’s FTSE 100 gained 0.4 percent to 7,308.04 and France’s CAC 40 added 0.02 percent to 5,086.52. Germany’s DAX fell 0.2 percent to 12,238.50. Futures showed Wall Street due to open ...

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• 4 April

  Goldman sees foreigners returning to Japan stocks

    Bloomberg Now could be the time for foreign investors to return to Japanese equities, according to Goldman Sachs. Corporate governance reforms, a recovery in domestic demand and the strong performance of local stocks in US dollar terms are all potential catalysts that may lure foreigners back after they sold net 1.1 trillion yen ($10 billion) of Japanese equities last ...

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• 4 April

  SNC-Lavalin steps up deal push with $2.6bn Atkins bid

  

    Bloomberg SNC-Lavalin Group Inc. is holding talks to buy WS Atkins Plc of the UK for 2.08 billion pounds ($2.6 billion) as Canada’s biggest engineering and construction company looks to expand its global reach with a record acquisition. The Montreal-based builder made a tentative offer of 2,080 pence a share, “a level that the board would be prepared to ...

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