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Abu Dhabi / WAM Sultan bin Saeed Al Mansouri, Minister of Economy, said that the UAE and the Maldives were having good economic and commercial ties. He noted that the total non-oil foreign trade exchange between the two countries witnessed a growth during the past five years to reach around AED475 million in 2016 ($129.2 million), increasing from AED422 million ...

Dubai / WAM Sultan bin Saeed Al Mansouri, Minister of Economy, inaugurated the third International Conference on Future Mobility in Dubai on Tuesday. Around 350 representatives of global, regional, Gulf and local governments, as well as experts in environment, energy, technology, communications, research and legislation, are participating in the conference, organised by the Emirates Authority for Standardisation and Metrology (ESMA). ...

Bloomberg Apple Inc.’s primary iPhone assembler in India is scouting for about 100 acres of land in Bangalore to expand its facilities for the world’s most valuable company, according to people familiar with the matter said. Wistron Corp. executives toured the city last week and have shortlisted a few parcels including one plot close to the airport, said the people, ...

Bloomberg Toyota Motor Corp. raised its annual profit forecast for a second time this year, helped by a weaker yen and US sales that outpaced Ford Motor Co. In the three months to September, Toyota took a 15 percent share in the US—its biggest market—for the first time since 2009. Toyota outsold Ford every month in the quarter, with the ...

Bloomberg With their anxiety spiraling over Brexit, Britain’s business leaders weren’t impressed by the pitch from the Conservative premier— or the Labour leader who wants her job. “The way that they’re managing the economy right now, the Conservative Party is a shambles,” Advanced Computer Software Group Chief Executive Officer Gordon Wilson said in an interview. As for opposition leader Jeremy ...

Bloomberg Apple Inc., looking to fund stock buybacks and dividends, sold $7 billion of bonds even as proposed new tax laws may leave it awash in cash it previously couldn’t use. The iPhone maker sold notes in six parts. Apple has been the second-most active US non-financial issuer of debt this year behind AT&T Inc., data compiled by Bloomberg show. ...

Bloomberg Taxi companies across the US waged a bitter, high-profile battle to keep Uber Technologies Inc. and Lyft Inc. from bringing the sharing economy to cabs. They lost. Now the cabbies are adopting an if-you-can’t-beat-them, join-them-strategy. Pittsburgh Yellow Cab, for example, rebranded itself last year as zTrip. A century-old fixture in Steel City, it launched an app and offered a ...

Bloomberg US President Donald Trump said that North Korea should “come to the table” and make a deal on its missile and nuclear programs. Speaking next to South Korean President Moon Jae-in in Seoul on Tuesday, Trump said he saw some progress in regards to North Korea, but declined to comment on holding direct talks with Pyongyang. He added that ...

Dubai / WAM The Gulf Cooperation Council (GCC), will showcase the power of nations working together when it hosts its own pavilion at Expo 2020 Dubai, the first World Expo to be held in the region. Dr Abdullatif bin Rashid Al Zayani, Secretary-General of the Council, on Monday signed an official participation contract with Reem bint Ibrahim Al Hashimy, Minister ...

Dubai / WAM His Highness Sheikh Ahmed bin Saeed Al Maktoum, President of Dubai Civil Aviation Authority and Chairman and Chief Executive of Emirates Airline and Group on Monday inaugurated the ‘Future Manufacturing and Trade Summit 2017’, at the Jumeirah Emirates Towers. The event is hosted by Dubai Exports, the export promotion agency of Dubai Economy, and organised by Expotrade ...