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Mohamed bin Zayed honours Sandooq Al Watan supporters

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, on Monday honoured the supporters of Sandooq Al Watan, who have been contributing to achieving the initiative’s national objectives since its establishment. “UAE nationals embody the quintessential Emirati values of giving, the seeds of ...

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Mohamed, president of Togo discuss ways to develop bilateral ties

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 on Monday, President Faure Gnassingbe of Togo, at the Beach Palace in Abu Dhabi. During the meeting, the two sides discussed bilateral ties between the UAE and Togo, and means of developing them ...

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Khalifa Fund inks $15mn pact to support Togolese SMEs

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 President Faure Gnassingbe of Togo, witnessed on Monday, the signing of an $15 million agreement between Khalifa Fund for Enterprise Development and Togo’s Ministry of Finance, to support micro, small and medium-sized enterprises ...

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Mohamed OKs AED1b incentives to create global AgTech centre

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, has approved a series of incentive packages totaling up to AED1 billion for local and international Agriculture Technology, AgTech, companies to build and grow a presence in Abu Dhabi. The announcement aims to drive ...

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UAE, OECD sign three-year extension on international tax principles cooperation

Dubai / WAM The Ministry of Finance (MoF), held an official ceremony on Monday to celebrate 30 years of signing the avoidance of double taxation and bilateral investment agreements. A press conference to announce and sign a three-year extension of the MoU between the UAE and the Organisation for Economic Cooperation and Development (OECD), also took place. The MoU stipulates ...

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Japan spring wage talks likely to disappoint as firms push back

Bloomberg Japan Inc. is pushing back after years of pressure to give bigger pay raises that has been a key part of Prime Minister Shinzo Abe’s campaign to restore stable economic growth. While wages have never reached the level sought by Abe, the results from annual wage talks to be released later this week are expected to show even smaller ...

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Nissan, Renault, Mitsubishi to adopt one board for alliance

Bloomberg Nissan Motor Co., Renault SA and Mitsubishi Motors Corp. plan to form a single board that will oversee their alliance’s governance and operations, according to people familiar with the matter, as the automakers try to streamline their decision making following the arrest of Carlos Ghosn. The group will replace two separate Amsterdam-based alliance entities, Renault-Nissan BV and Nissan-Mitsubishi BV, ...

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Nvidia to buy Mellanox for $6.9bn in data center push

Bloomberg Nvidia Corp. agreed to buy chipmaker Mellanox Technologies Ltd. for $6.9 billion, gaining expertise to help it push into the growing market for data center components. Santa Clara, California-based Nvidia is paying $125 a share in cash for the company, which makes chips used to speed the flow of information across computer servers. That’s a 14 percent premium to ...

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Google search dominance has businesses paying for name

Bloomberg Google controls many of the ways businesses access customers online in the US, making it almost impossible to run a company without buying advertising from the internet giant. As politicians increase scrutiny of large technology companies, Google’s lock on these digital relationships is becoming a potential liability, not just a lucrative advantage praised each quarter by Wall Street analysts. ...

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US payrolls shock hints at dawn of a slowdown

Bloomberg The US labour market may not be as weak as February’s payrolls number suggested, but the report provides a reality check that a long-forecast slowdown is arriving. Employers added 20,000 jobs during the month, the fewest since September 2017, missing all economist estimates and bucking a recent trend of strong February readings. Analysts said the unexpectedly low figure doesn’t ...

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