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RTA to open two major road projects on Sept 15

Dubai / WAM The Roads and Transport Authority (RTA), in Dubai, announced the completion of 85 percent of works in the 7th Interchange on the Sheikh Zayed Road (SZR), Project, and the Al Yalayes Road Improvement Project, and that both projects would be opened on September 15. “The two projects will enhance the link between the Sheikh Zayed Road and ...

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China’s Meituan files for Hong Kong IPO

Bloomberg Internet giant Meituan Dianping has filed for an initial public offering in Hong Kong, becoming the latest Chinese technology juggernaut to throw a multi-billion-dollar coming-out party in the former British colony this year, according a person familiar with its filing documents. The food delivery and restaurant reviews service submitted documents for a share listing late on June 22, the ...

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Foxconn chairman sees biggest challenge in US-China trade war

Bloomberg Terry Gou, the billionaire chairman of Apple Inc.’s main iPhone assembler, said the biggest challenge facing his Foxconn Technology Group is a trade war between the US and China. Foxconn has a number of response plans to a trade war, Gou said, without elaborating, at the annual shareholder meeting of Hon Hai Precision Industry Co., his main listed unit. ...

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Trump widens global trade war with tariff threat for EU cars

Bloomberg President Donald Trump threatened a 20 percent tariff on cars imported from the European Union unless the bloc removes import duties and other barriers to US goods, escalating a global trade war the EU warned could endanger $300 billion in commerce. “Based on the Tariffs and Trade Barriers long placed on the US and it great companies and workers ...

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Verizon, AT&T rein in location-data sellers after flap

Bloomberg Verizon Communications Inc. and AT&T Inc. will rein in third-party selling of their phone-location data after a prison contractor let law-enforcement officers track wireless customers without authorisation. The two largest US wireless carrier announced the move in response to a plea from Senator Ron Wyden, a Democrat from Oregon. The legislator had demanded last month that carriers and the ...

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Canada’s economy wobbles but rate hikes still expected

Bloomberg Canada’s economy is stuck in a soft patch, but analysts remain optimistic a rebound and further interest-rate hikes are still in the cards. Data over last month reveal an economy struggling to find its footing and hobbled by headwinds ranging from trade frictions with the US to a slowing housing market and poor weat-her. Still, economists remain convinced that ...

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ADFD allocates $18.3 million to healthcare projects in Yemen

Abu Dhabi / Emirates Business Abu Dhabi Fund for Development (ADFD), the leading national entity for development aid, and the Emirates Red Crescent (ERC) signed a Memorandum of Understanding (MoU) to manage the AED67million ($18.3 million) UAE government grant aimed to support the healthcare sector in Hadhramaut Governorate in Yemen. The grant aims to support three healthcare projects in Yemen’s ...

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Adnoc Distribution expands vehicle inspection facilities

Abu Dhabi / Emirates Business Adnoc Distribution announced the launch of its first Vehicle Inspection Centre at an Adnoc Autoserv complex. The new facility, situated at Adnoc Distribution’s Sea Palace Autoserv location in Abu Dhabi, will be managed by Al Masaood’s Tyre, Batteries and Accessories Division and will offer customers comprehensive maintenance, vehicle testing and inspection services. The 1,350 square-meter ...

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UAE and Russia sign deal to send first Emirati into space in 2019

Dubai / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of UAE and Ruler of Dubai, said that sending the first Emirati astronaut to space will herald the beginning of a new era for the UAE and represents another step towards achieving the country’s vision and aspirations in the space sector. His Highness’s comment came ...

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Poll shows strong support for UAE peaceful nuclear energy programme

Abu Dhabi / WAM An independent national poll on nuclear energy showed that the UAE public strongly supports the use of peaceful nuclear energy, with 82 percent of residents in favour of using nuclear energy for generating electricity and 91 percent stating that peaceful nuclear energy is important for the nation. Global figures from similar polls conducted in other countries ...

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