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Dubai / WAM Etihad Credit Insurance (ECI), the UAE Federal Credit Insurance Company signed a Memorandum of Understanding (MoU), with the Jordan Loan Guarantee Corporation (JLGC), to explore, develop and strengthen the trade relationship between the UAE and Jordan on the basis of equality, mutual benefit, respect and trust. This partnership will enable enhance trade and business activities through the ...

Manama / WAM Sheikh Sultan bin Hamdan bin Zayed Al Nahyan, UAE Ambassador to Bahrain, on Sunday attended signing of an agreement to launch the first phase of the ‘Sheikh Zayed Highway’ development project in Bahrain. The agreement was signed by Issam bin Abdullah Khalaf, Bahrain’s Minister of Works, Municipal Affairs and Urban Planning, and representatives of the Emirati company, ...

ABU DHABI / WAM The ‘Sanad Initiative’, launched by the Higher Colleges of Technology (HCT), in 2017, aims to assist the college’s graduates in obtaining appropriate certificates and entering the labour market, ensuring their readiness to begin their careers, a HCT official noted. Sanad targets graduates looking for work and employs them in various administrative positions for three to six ...

Bloomberg FedEx Corp rejected a package containing a Huawei Technologies Co phone being sent from the UK to the US in what the mail company says was a mistake, which has elevated beyond routine because of President Donald Trump’s decree in May that limits trade with the Chinese technology company. The phone was being sent to a PCMag.com phone analyst, ...

Bloomberg Japan is still winning the Southeast Asia infrastructure race against China, with pending projects worth almost one and a half times its rival, according to the latest data from Fitch Solutions. Japanese-backed projects in the region’s six biggest economies — Indonesia, Malaysia, Philippines, Singapore, Thailand, and Vietnam — are valued at $367 billion, the figures show. China’s tally is ...

Bloomberg The US Commerce Department has recommended the White House take steps to protect the domestic production of uranium after finding the nation’s reliance on imports was a national security risk, said three people briefed on the matter. Among the trade remedies recommended is to require nuclear power plants to purchase a minimum of 5 percent of the radioactive fuel ...

Bloomberg T-Mobile US Inc.’s acquisition of Sprint Corp. drew additional opposition from states as four more attorneys general joined a lawsuit seeking to block the merger of the wireless carriers, sending Sprint shares lower. The attorneys general of Massachusetts, Hawaii, Minnesota and Nevada are signing on to the complaint, a lawyer for New York said at a court hearing. That ...

Bloomberg Flames leap from cauldrons brimming with molten iron as they’re tipped into giant vats at one of Europe’s largest steel mills. Heated to over 1,000 degrees Celsius (1,832 Fahrenheit) in furnaces fired by coal, the liquid metal sloshing at Thyssenkrupp AG’s facility in Duisburg, Germany, will eventually wind up in automobiles, wind turbines and everyday household items from washing ...

Bloomberg President Donald Trump said the US will impose major new sanctions on Iran on Monday, days after he abruptly called off a plan for airstrikes against the Islamic Republic based on the concept of proportionality after Iran shot down a US Navy drone. The sanctions move, announced on Twitter with no additional detail, came as Trump spent the day ...

Abu Dhabi / WAM The Khalifa Fund for Enterprise Development (KFED), has awarded the Emirati Entrepreneurs Association (EEA), with a package of quality support programmes, including financial and technical support. The package will be used to support Emirati entrepreneurs’ skills and capacity development and creation of a suitable environment where their business projects could flourish. Commenting on the announcement, Mouza ...