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Abu Dhabi / WAM The UAE will conclude 2018 with significant local, regional and international achievements. As well as honouring the name of the late Sheikh Zayed bin Sultan Al Nahyan, 2018 witnessed many local and international events that commemorated the memory of the Founding Leader, Sheikh Zayed, glorified his legacy, and promoted his humanitarian values. Upon the directives of ...

Abu Dhabi / WAM The Abu Dhabi Food Festival (ADFF), has officially concluded with more than 70,000 visitors and food lovers coming together across the emirate, strongly contributing to the positioning of Abu Dhabi as a global culinary hub. The two-week festival, organised by the Department of Culture and Tourism – Abu Dhabi (DCT Abu Dhabi), ran until December 22, ...

Bloomberg Greg Kelly, the Nissan Motor Co. aide arrested along with former Chairman Carlos Ghosn, was granted bail on Tuesday, making way for his potential release after spending more than a month in jail. The Tokyo District Court set Kelly’s bail at 70 million yen ($635,000), according to the Tokyo prosecutors’ office. He was arrested on November 19 and was ...

Bloomberg Prime Minister Narendra Modi’s administration hasn’t assessed the impact of one of history’s most sweeping changes in currency policy. “No Madam,” was the Indian junior finance minister’s reply to a lawmaker’s question in parliament on December 14 on whether the government had studied the aftereffects of the move in November 2016 to invalidate almost all of the country’s currency ...

Bloomberg The total value of fines handed out by the UK’s Financial Conduct Authority fell by almost 75 percent in 2018, after a bumper year in which it had secured penalties against the likes of Deutsche Bank AG, Merrill Lynch International and Rio Tinto Plc. The regulator handed out 60.5 million pounds ($76.6 million) in fines in 2018, more than ...

Bloomberg Acorda Therapeutics Inc rose the most since October after the US Food and Drug Administration approved its therapy for Parkinson’s disease. The drug, which will be sold under the name Inbrija, is an inhaled version of levodopa, an existing therapy that treats the effects of the neurodegenerative disorder. Acorda declined to say how it plans to price the product, ...

Bloomberg Alcoa Corp will further curtail production at a Canadian smelter as the biggest US aluminum producer faces a shortage of workers amid a dispute with unionised workers and the impact of US tariffs on shipments of the metal. The Pittsburgh-based company said it will curtail half of the one operating potline’s 138,000 metric tonne capacity at its majority-owned Aluminerie ...

Bloomberg As the partial US government shutdown enters a third day, lawmakers have left Washington for the Christmas holiday with no sign of urgency to resolve the fight over President Donald Trump’s demand for border wall money. Unlike shutdowns of the past, Congress and the White House aren’t racing to reopen the government. Offices of congressional leaders who are responsible ...

Dubai / Emirates Business Enhancing bilateral trade and investment opportunities between the UAE and Azerbaijan was the topic under discussion at the Annual Networking Reception hosted at Dubai Chamber’s representative office in Baku. More than 200 representatives from the UAE and Azerbaijan public and private sectors attended the event, which was held in Baku. The annual gathering marks a significant ...

ABU DHABI / WAM The Registration Authority of Abu Dhabi Global Market (ADGM), and the Ministry of Economy have agreed to foster cooperation and coordination with respect to the registration and supervision of auditors with the aim of promoting high standards of financial audits in the UAE. To this effect, an MoU was signed by Dhaher bin Dhaher Al Mheiri, ...