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Apple creates new ways to juice sales in saturated market

Bloomberg Apple Inc executives put aside their typical praise of the iPhone’s sleek design and breakthrough technology for more mundane topics such as instalment plans, trade-in programs and giveaways. This is the reality for the Cupertino, California-based technology giant. The smartphone market is saturated and growing slowly at best, so Apple must find new ways to persuade consumers to upgrade ...

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Abdullah visits Misk Foundation in Saudi Arabia

RIYADH / WAM His Highness Sheikh Abdullah bin Zayed Al Nahyan, Minister of Foreign Affairs and International Cooperation, visited the Mohammed bin Salman Charitable Foundation “Misk Foundation”, in Riyadh, Saudi Arabia. During the visit, His Highness Sheikh Abdullah was accompanied by Bader Al-Assaker, Chairman of Misk Initiatives Centre, along with Sheikh Shakboot bin Nahyan Al Nahyan, UAE Ambassador to Saudi ...

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Energy companies need to be resilient, says Al Jaber

RIYADH / WAM Dr Sultan bin Ahmad Sultan Al Jaber, Minister of State and Adnoc Group CEO, participated, on Wednesday, in the third annual Future Investment Initiative (FII), held in Riyadh, Kingdom of Saudi Arabia, as global leaders from the public and private sectors convened to explore economic opportunities. Commenting alongside Prince Abdulaziz bin Salman Al-Saud, Minister of Energy of ...

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Adipec witnesses strong growth for 2019 edition

ABU DUBAI / Emirates Business The 2019 edition of the Abu Dhabi Petroleum Exhibition and Conference (Adipec) is set to confirm the event’s status as the world’s leading oil and gas exhibition and conference, with increased participation from major global oil companies. Over 30 national oil companies (NOCs) have confirmed their participation at Adipec, up from 27 last year, while ...

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Zayed Charity Marathon to be held in Suez, Egypt

Abu Dhabi / WAM The Higher Organising Committee of the Zayed Charity Marathon announced that the marathon’s sixth edition will be held in Suez, Egypt, on December 27. The announcement was made at a press conference, held at the Armed Forces Officers Club in Abu Dhabi, and was attended by Minister of Youth and Sports of Egypt, Ashraf Sobhy, Lt. ...

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Trump wants direct control over where cars are made

Bloomberg The Trump administration wants to dictate how and where global auto companies make cars and parts to secure duty-free treatment under the new Nafta in its most direct intervention yet to manage trade and production, according to people familiar with the effort. The issue is being discussed between Trump administration officials, congressional staff, and domestic and foreign auto makers ...

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European cloud not a threat: Amazon

Bloomberg Amazon.com Inc cast doubt over a Franco-German plan for a European cloud that would allow the continent’s businesses to keep their data from being stored in the US or China. After the European Union’s (EU) two leading nations unveiled plans for an EU-focussed cloud, a spokesperson for Amazon’s AWS cloud business said such a project will lack the scale ...

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Microsoft CEO stands behind software sales to Pentagon

Bloomberg Microsoft Corp Chief Executive Officer Satya Nadella told employees his leadership team is fully behind the sale of software to the US Defense Department, after the company won a $10 billion Pentagon contract that some workers have opposed. Addressing staff at a regular internal town-hall meeting, Nadella said he respects differing opinions on the issue, according to a person ...

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US-led nations criticise China at UN for treatment of Uighurs

Bloomberg The US and its Western allies at the United Nations sharply criticised China’s treatment of its ethnic Uighurs, stepping up pressure over human rights just as Washington and Beijing seek to complete a “phase one” deal in their lingering trade dispute. “We call on the Chinese government to uphold its national laws and international obligations and commitments to respect ...

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India’s Vodafone Idea seeks debt revamp as losses soar

Bloomberg Vodafone Group Plc’s Indian venture, reeling under $14 billion of net debt, mounting losses and dwindling subscribers, has approached creditors for better payment terms to revive the sinking carrier, people with direct knowledge of the matter said. Vodafone Idea Ltd, formed by last year’s merger of the British telecommunications firm’s local unit with billionaire Kumar Mangalam Birla’s Idea Cellular ...

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