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DUBAI / WAM Etihad Credit Insurance (ECI), signed a reinsurance agreement with the Arab Investment and Export Credit Guarantee Corporation, Dhaman, to support the growth and expansion of the UAE businesses. This agreement will further enhance the inter-Arab trade and UAE exports globally, in line with the country’s non-oil diversification strategy and vision 2021. The two sides will collaborate to ...

DUBAI / Emirates Business Emirates Institute for Banking and Financial Studies (EIBFS), a regional leader in banking and finance education and training, held an interactive workshop on ‘Financial Challenges in Banks’. The session drew the participation of over 270 senior representatives from over 20 banks and financial institutions. Conducted by Hussam A. Al-Abed, renowned financial, banking and cybercrime prevention trainer ...

Abu Dhabi / WAM Saif Mohammed Al Suwaidi, Director-General of General Civil Aviation Authority (GCAA), has officially inaugurated the “Abu Dhabi Air Accident Investigation Laboratory”, established by the Air Accident Investigation Sector (AAIS), at the authority’s headquarters. “The lab offers great potential for the Air Accident Investigation Sector to operate effectively and smoothly, based on data recorded by flight recorders. ...

Bloomberg The US crackdown on Huawei Technologies Co could make Apple Inc’s already troubled business in China even more difficult, hobbling iPhone sales in the world’s biggest smartphone market and disrupting the company’s supply chain, according to analysts. US President Donald Trump effectively banned US companies from working with Huawei. That’s sparked concern on Wall Street about potential retaliation by ...

Bloomberg Escalating tensions between Washington and Beijing are wiping billions from the net worth of China’s richest surveillance tycoons. The billionaires behind Hangzhou Hikvision Digital Technology Co and Zhejiang Dahua Technology Co have watched their combined fortunes sink by more than $8 billion since March 2018 as shares of both companies sank on speculation of potential US sanctions. The losses ...

Bloomberg The Trump administration is preparing to announce another round of aid to farmers hurt by the trade war with China as soon as Thursday, people familiar with the plan said, a package of assistance that could exceed $15 billion. The aid plan is largely modelled on the program the administration put in place last year after China slapped retaliatory ...

Bloomberg California sued the Trump administration over the government’s decision to withdraw a grant of almost $1 billion that would have funded a high-speed rail project, suggesting the move was a political response to the state’s challenge of the president’s declaration of an emergency on the southern border. The Federal Railroad Authority announced it would cancel the grant on February ...

Bloomberg Departing Daimler AG Chief Executive Officer Dieter Zetsche promised cost cuts and an efficiency drive to restore profit margins as the man who steered the Mercedes-Benz carmaker for more than a decade leaves his successor to tackle unprecedented industry upheaval. “We cannot and will not be satisfied with the current level of profitability,” Zetsche said on Wednesday at the ...

Bloomberg At least six people were killed and hundreds more injured in clashes between police and supporters of Indonesian presidential candidate Prabowo Subianto in the worst political violence to hit Jakarta in two decades. Jakarta Governor Anies Baswedan appealed for public order and urged police to exercise restraint and avoid conflict with the protesters in the capital city. About 200 ...

ABU DHABI / WAM An estimated 1.6 million tonnes of slag, a byproduct of steel manufacturing, of Emirates Steel will be processed in two years after the company signed an agreement with Finnish ECOFER Technologies. The agreement, due to take effect in 2020, will provide Emirates Steel with sustainable slag management services for the next ten years, in line with ...