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Adnec to host over 50 major local, global events by 2018-end

ABU DHABI / WAM Abu Dhabi National Exhibitions Company (Adnec) on Wednesday announced that it is primed to host a very busy events season with its venues fully occupied till the end of this year by more than 50 major local and international exhibitions and conferences across key sectors including culture, healthcare, leisure, lifestyle, and business. Humaid Matar Al Dhaheri, ...

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DFSA signs fintech pact with Singapore monetary authority

DUBAI / WAM The Dubai Financial Services Authority (DFSA) and the Monetary Authority of Singapore (MAS) on Wednesday entered into an agreement that provides a framework for cooperation and referrals between the innovation teams of each authority. The agreement reflects the commitment of both authorities to develop an environment that supports the sustainable development of financial services through emerging technology. ...

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Zaitoun Green initiates maritime consortium

ABU DHABI / WAM Dubai based Zaitoun Green Shipping LLC has initiated, together with world leading companies in smart technology and solutions, a consortium to collaborate on radically improving performance of container ships and forming a new business model for this market. The consortium consists of the top international industry key players such as MacGregor, Mitsubishi Heavy Industries Marine Machinery ...

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Aston Martin moves towards IPO, offers pre-Brexit windfall

Bloomberg Aston Martin is preparing to list its shares in London after the brand synonymous with UK spymaster James Bond pulled off a multi-year turnaround. The British maker of sports cars made famous in movies from “Goldfinger” to “Skyfall” is said to target a valuation of about 5 billion pounds ($6.4 billion) — approaching Ferrari NV’s multiples. A final decision ...

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Fewer Americans lack healthcare plans since debut of Obamacare

Bloomberg Fewer Americans lack health insurance — but the gap remains wide, especially in some pro-Trump states. The number of uninsured declined to 28.3 million in the first quarter, down from 29.3 last year — and 48.6 million in 2010, the year the Affordable Care Act was signed into law by then-President Barack Obama, according to data from the federal ...

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From Russia with love, Renault plots revival with sporty SUV

Bloomberg Renault SA is betting on a sustained recovery in Russia’s car demand, unveiling a sleek coupe-style sport utility vehicle in Moscow that’ll be manufactured in the French carmaker’s second-biggest market. The Arkana coupe-crossover, due to first go on sale in Russia next year, will help to expand the manufacturer’s offering of popular SUVs such as the Kadjar or Koleos, ...

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Climate of ‘fear’ among rights groups as India arrests activists

Bloomberg India’s Supreme Court is set to hear a challenge to the arrest and detention of activists and lawyers in a nation-wide operation that human rights groups say is aimed at intimidating critics of the government. Those arrested work with India’s marginalised tribal and lower caste communities and activists said they’d been rounded up for criticising the government. In a ...

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Toyota to target tripling China production over next decade

Bloomberg Toyota Motor Corp. is aiming to triple car production in China by as soon as 2030 in a renewed push to make up lost ground in the world’s biggest market, according to people familiar with the plan. Asia’s largest automaker is targeting to manufacture 3.5 million vehicles annually in China around that year while boosting imports to the country ...

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Fingerprints, eye scans coming for 106 million Filipinos

Bloomberg Mayalyn Magracia is one of millions of undocumented Filipinos. “Like an alien,” is how the housekeeper in Manila describes what she felt when she discovered she had no birth record. That was over a decade ago, when Magracia hoped to find work in a factory or restaurant. Having no birth certificate made it impossible to apply for a government-issued ...

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Adnoc stresses women’s role in delivering 2030 strategy

ABU DHABI / WAM The Abu Dhabi National Oil Company (Adnoc), in celebration of the 4th annual Emirati Women’s Day — and its theme of ‘‘Women on the Course of Zayed’’ — reaffirmed its commitment to empower women, drive gender diversity and promote inclusivity in the oil and gas sector as part of its 2030 growth strategy, focussed on People, ...

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