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Mohamed, Austria Chancellor discuss bolstering relations

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, and Sebastian Kurz, Chancellor of Austria, have reviewed the prospects for further consolidating bilateral relations across all fronts. This came as the Abu Dhabi Crown Prince received the Austrian leader in the UAE capital ...

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‘Sharjah, Unesco have long history of fruitful cooperation’

PARIS / WAM Sheikha Bodour bint Sultan Al Qasimi, Vice President of International Publishers Association (IPA) and Head of Advisory Committee of Sharjah World Book Capital (SWBC), said the prestigious Unesco title is a global acknowledgement of Sharjah’s longstanding cultural achievements. It is also a reward for pursuing an approach of knowledge-based human development in Sharjah through the use of ...

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ADFD financed 108 water sector projects in 56 nations

Abu Dhabi / WAM From its inception in 1971 until December 2018, the Abu Dhabi Fund for Development (ADFD), financed 108 water sector projects in 56 countries with a total value of AED8 billion. The Fund’s interest in water and electricity projects reflects its keenness to support international efforts aimed at achieving the UN’s Sustainable Development Goals, directly contributing to ...

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‘Zayed Al Khair Camp’ to assist Rohingya refugees

Abu Dhabi / WAM The Sheikha Fatima Global Humanitarian Campaign has announced the launch of the ‘Zayed Al Khair Camp’ which will see thousands of Rohingya refugee women and children receive medical care, under the supervision of a UAE-Bangladesh volunteer medical team. This latest endeavour was launched in conjunction with Mother’s Day, and falls within the framework behind ‘We Are ...

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Dubai to host inaugural ‘Abundance 360 Summit’

Dubai / Emirates Business A world-class speaker line up has been confirmed for the signature Abundance 360 (A360) Summit in Dubai, taking place at Emirates Towers on March 26-27. Conceptualised by renowned futurist Peter Diamandis, A360 is hosted by Dubai Future Foundation, and held under the patronage of His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum Crown Prince ...

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Apple CEO urges China to ‘open up’ its economy

Bloomberg Apple Inc Chief Executive Tim Cook encouraged China to keep opening up its economy, as his company grapples with weaker demand from the nation and uncertainty over its trade war with the US. “We urge China to continue to open up,” Cook said during a speech at the annual China Development Forum in Beijing. “We see that as essential. ...

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IS lost its final territory in Syria, say US-backed forces

Bloomberg IS, the militant group that once controlled parts of Iraq and Syria, is completely eradicated from its last pocket of territory on the Euphrates River, the Syrian Democratic Forces announced on Saturday. “Our forces have raised their flag over Baghuz and declare complete military victory over the terrorist IS after six years of war,” according to a statement on ...

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Asian investors binging on US corporate debt in 2019

Bloomberg Japanese investors are powering this year’s US corporate bond rally. Money managers in Asia are binging on blue chip American company debt after having cut back late last year. A measure of overseas buying in 2019 has more than doubled from a year earlier, according to Bank of America Corp. Japanese purchases of foreign debt, including US corporate bonds, ...

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General Motors plans $1.8bn US investment after Trump criticism

Bloomberg General Motors Co. committed to investing $1.8 billion at plants in six states and to creating 700 new jobs, as the largest US automaker looks to ward off months of criticism by President Donald Trump. The bulk of the new jobs will go to a factory in Michigan where GM plans to add production of another fully electric vehicle. ...

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Investors shun Mylan over sales misses

Bloomberg Even after losing a third of its market value over the past year, Mylan NV hasn’t been able to win back investors. “This is a name where sentiment is really, really bad,” Evercore ISI analyst Umer Raffat told clients, after visiting with investors. Raffat was quick to defend the stock in light of the feedback, reiterating his bullish stance. ...

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