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DUBAI / WAM Dubai is currently building an advanced transport system through several vital projects that will serve the expected 25 million visitors of Expo 2020 Dubai, which will take place under the slogan, “Connecting Minds, Creating the Future.” In a statement to the Emirates News Agency (WAM), Ahmed Al Khateeb, CEO of Real Estate Development at Expo 2020 Dubai, ...

ABU DHABI / WAM The Sheikh Zayed Grand Mosque, a symbol of Islam that embodies the message of peace, tolerance and diversity, welcomed 4,480,000 visitors from 249 nationalities in the first half the Year of Tolerance, according to the half-yearly statistics released by the Sheikh Zayed Grand Mosque Centre (SZGMC). According to the statistics, there were 967,150 worshippers among the ...

Bloomberg Huawei Technologies Co is planning to cut jobs at its US subsidiary as the Chinese technology giant continues to struggle with its American blacklisting, the Wall Street Journal reported, citing unidentified people familiar with the situation. The cuts are expected to affect employees at Futurewei Technologies Inc, a research-and-development subsidiary that employs about 850 people in states including Texas, ...

Bloomberg China is grappling with a slowdown that will see output growth slide to the weakest pace in almost three decades this year, as factors far beyond the trade war with the US weigh on the world’s second-largest economy. Gross domestic product is forecast to grow at 6.2 percent in the second quarter, the slowest in a three-month period since ...

Bloomberg US officials approved a record $5 billion privacy settlement with Facebook Inc to resolve the Cambridge Analytica data scandal, people said, prompting an immediate outcry from lawmakers and privacy advocates who said it didn’t go far enough. Although details of the settlement with the US Federal Trade Commission (FTC) weren’t announced, the fine is steep but far from devastating ...

Bloomberg A chunk of New York City plunged into darkness for hours as 72,000 customers on Manhattan’s West Side lost power on the anniversary of the historic 1977 blackout. Energy supply has since been fully restored, Governor Andrew Cuomo said. The outage affected an area stretching from Fifth Ave to the Hudson River, and from West 42nd through 71st streets, ...

Bloomberg James Murdoch, heir to billionaire media magnate Rupert Murdoch, has added the biggest reported investment yet to his closely watched portfolio: a bet on the virtual-reality provider called the Void LLC. Murdoch has invested $20 million in the business, according to a person familiar with the transaction. He’s also taken a seat on the board, said the person, who ...

Bloomberg President Donald Trump abandoned the nuclear pact with Iran last year because it was signed by his predecessor Barack Obama, according to the latest UK diplomatic cables published in a British newspaper. The emails, reportedly from Kim Darroch, who was Britain’s ambassador to the US until he quit following the first batch of leaks, centre on Boris Johnson’s last-ditch ...

DUBAI / WAM DMCC — the world’s flagship Free Zone and Government of Dubai Authority on commodities trade and enterprise — has signed two new strategic partnership agreements with Chinese authorities during visits to the cities of Hangzhou and Qingdao as part of its sixth Made for Trade Live roadshow of 2019. DMCC signed a memoranda of understanding (MoU) with ...

ABU DHABI / WAM A UAE delegation attended the fourth annual meeting of the Board of Governors of the Asian Infrastructure Investment Bank (AIIB). Abu Dhabi Fund for Development (ADFD), the leading national entity for international development aid, was mandated to represent the UAE at the bank’s meetings and events and on its board. Following last year’s event in Mumbai, ...