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Sharjah’s emerging prospects to European investors highlighted

Sharjah / Emirates Business The Sharjah FDI Office (Invest in Sharjah), an affiliate of the Sharjah Investment and Development Authority (Shurooq) organised a Sharjah – Europe Business Roundtable, at the Sharjah Chamber of Commerce and Industry, to explore interests with six European business councils based in the UAE, and to introduce emerging prospects in a variety of sectors attractive to ...

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UAE pledges AED184mn to support Comoros

PARIS / WAM The UAE pledged to donate AED184 million ($50 million) of development support, in addition to a previous amount of AED184 million ($50 million) allocated this year by the Abu Dhabi Fund for Development (ADFD), to support development projects in the Comoros. The UAE made this announcement during its participation in the “Donors’ Conference in Support of the ...

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France vows to retaliate over $2.4 billion US tariff threat

Bloomberg France’s government said the European Union (EU) would retaliate if the US follows through on a threat to hit about $2.4 billion of French products with tariffs over a dispute concerning how large tech companies are taxed. “It’s not worthy of an ally, and it’s not the behaviour we expect from the US towards one of its main allies, ...

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Volkswagen sued for misleading software

Bloomberg Volkswagen AG is facing one of the largest-ever UK class action lawsuits, with almost 100,000 vehicle owners accusing it of misleading them by installing emissions-cheating software that made it appear their diesel vehicles met environmental standards. Lawyers for the drivers opened their case and must first prove that the allegations belong in court. They need judges to follow findings ...

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Twitter CEO to spend six months in Africa

Bloomberg Twitter Inc Chief Executive Officer Jack Dorsey returned from a trip touring African startups ready to go back. He said in a Twitter post recently that he’ll spend three to six months somewhere on the continent next year. Dorsey had spent much of November meeting with startups and people in the tech industry in South Africa, Ethiopia, Nigeria and ...

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Trump blasts Macron for ‘very nasty’ attack on Nato

Bloomberg Donald Trump, once the primary critic of NATO, blasted France’s Emmanuel Macron for his “very insulting” comments about the military alliance that’s celebrating its 70th anniversary in London. The full-throttled attack came on Tuesday, hours before the two leaders were scheduled to meet face-to-face in London. The US president, who in the past has expressed admiration for the French ...

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China hints US blacklist soon in threat to trade deal talks

Bloomberg Chinese state media said the government will soon publish a list of “unreliable entities” that could lead to sanctions against US companies, signalling trade talks between the two nations are increasingly under threat from disputes over human rights in Hong Kong and Xinjiang. The Communist Party-backed Global Times said in a tweet that the list was being sped up ...

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Nissan’s CEO to take closer look at ties with Renault, Mitsubishi

Bloomberg Nissan Motor Co’s new chief executive officer said he is looking at what works and what doesn’t in the alliance with Renault SA and Mitsubishi Motors Corp, stressing that the partnership needs to benefit all parties. Makoto Uchida, appointed after a year of turmoil following the arrest of Carlos Ghosn, said in his first media conference that changes are ...

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Saudi Crown Prince arrives in UAE

Abu Dhabi / WAM His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, received His Royal Highness Prince Mohammed bin Salman bin Abdulaziz Al Saud, Crown Prince, Deputy Prime Minister and Minister of Defence of Saudi Arabia, who arrived in the country on Wednesday for a two-day ...

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Emirates all set to operate historic National Day flight

DUBAI / Emirates Business Underscoring its mission to bring the world together, Emirates has rolled out its A380 dressed in the striking ‘Year of Tolerance’ livery from its Engineering Centre, ready to take-off for the historic one-off EK 2019 flight on November 29 that will bring together the diverse, multi-cultural communities of the UAE. The vibrant ‘Year of Tolerance’ livery ...

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