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Abu Dhabi / Emirates Business Adnoc Distribution, the UAE’s largest fuel and convenience retailer, announced on Tuesday it has signed an agreement with Etisalat Digital for a cloud-based digital signage advertising network. This digital signage project will be rolled out across 100 Adnoc Distribution service stations and will be the UAE’s largest out-of-home advertising network, establishing new means for both ...

DUBAI / Emirates Business Global trade enabler DP World has been awarded the Gulf Business Innovator of the Year Award for its collaboration with Virgin Hyperloop One to develop the DP World Cargospeed system that will deliver on-demand freight at the speed of flight and closer to the cost of trucking. The award was received on behalf of the two ...

Bloomberg ArcelorMittal has raised its bid for indebted Essar Steel India Ltd. to about $5.8 billion, people with knowledge of the matter said. The world’s biggest steelmaker recently sent a letter to Essar Steel’s lenders informing them of its new proposal, the people said, asking not to be identified because the information is private. The company has offered to repay ...

Bloomberg Thailand expects to select a consortium by January to build a 225 billion baht ($6.9 billion) high-speed rail link connecting three international airports, one of the largest transport projects in its history. The agency overseeing the plan, the Eastern Economic Corridor Office, aims to make as much progress on the project as possible ahead of elections due from February ...

Bloomberg Chinese President Xi Jinping and his Russian counterpart Vladimir Putin pledged to bolster ties as Moscow stages its biggest military exercises since the height of the Cold War with Chinese participation. Both face pressure from the administration of US President Donald Trump. “We have a relationship of trust in the sphere of politics, security and defense,” Putin told Xi ...

Bloomberg Renesas Electronics Corp., the second-biggest supplier of semiconductors used in cars, plans to acquire Integrated Device Technology (IDT) Inc. for about $6.7 billion to expand beyond the automotive sector into data centres and communications devices. The Japanese company will pay $49 a share, it said in a statement, about a 16 percent premium to the US company’s Monday close ...

Bloomberg UK wage growth accelerated over the summer amid the lowest jobless rate in more than four decades. Earnings excluding bonuses rose an annual 2.9 percent in the three months through July, more than the 2.8 percent economists forecast. In July alone, basic wages rose 3.1 percent, the most since 2015, and vacancies are at record levels, the Office for ...

Bloomberg Europe’s space champions are urging buyers at home to favor their technology over that of foreign rivals, as competition intensifies from the likes of Elon Musk’s Space X. As executives from the space industry meet in Paris this week for the World Satellite Business conference, French satellite operator Arianespace is calling on Europe to translate its space sovereignty ambitions ...

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, discussed, with His Majesty King Mohammed VI, King of Morocco, the strong ties between the UAE and Morocco and ways of promoting them while discussing regional and international issues of mutual concern. During the ...

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 received, at the Qasr Al Bahr Council, in the presence of His Majesty King Mohammed VI, King of Morocco, and HH Sheikh Humaid bin Rashid Al Nuaimi, Supreme Council Member and Ruler ...