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VP welcomes participants at Gulfwood Exhibition

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Dubai / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of UAE and Ruler of Dubai, on Sunday visited the 23rd Gulfwood Exhibition at the Dubai World Trade Centre, which will be held for five days. His Highness Sheikh Mohammed toured the exhibition, while accompanied by Khalifa Saeed Soliman, Director-General of the Protocols and Hospitality ...

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Nakheel awards AED4.2bn contract to build Middle East’s biggest mall

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DUBAI / WAM Master developer Nakheel on Sunday officially signed a contract for the construction of Deira Mall, its new shopping, dining and entertainment destination with a total value of AED4.2 billion – and the biggest mall in the Middle East. Nakheel confirmed that United Engineering Construction (UNEC), will build the mall, the UAE’s largest in terms of leasable space, ...

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11.36mn passengers used Sharjah Airport in 2017

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SHARJAH/ WAM Sharjah International Airport (SIA), received 11.63 million passengers and 77,600 flights last year. These figures were released during a senior management meeting in Al Noor Island in Sharjah. Besides the airport’s achievements in total flights and passenger growth, including freight volume, future plans and programmes were also discussed. Passenger traffic increased by 327,000 passengers, as compared to last ...

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Duterte seeks Jack Ma’s help on governance, business tech

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Bloomberg The Philippines has invited Jack Ma and his Alibaba Group to partner with President Rodrigo Duterte in helping to improve technology for governance and to assist in building an inclusive financial system that would aid small businesses, Finance Secretary Carlos Dominguez said. Ma, in a meeting with Philippine government officials in Hangzhou on February 1, said the Philippines had ...

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In race for cancer therapy, a Chinese biotech surges 500%

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Bloomberg In the global race to use human immune cells to fight cancers, a little-known Chinese firm called GenScript Biotech Corp. is emerging as one of the biggest stock gainers. Among the first Chinese developers of so-called CAR-T cancer therapies, GenScript’s shares have risen more than sixfold since June, when it reported positive results from early studies in 35 patients ...

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Toyota’s Sony-loving design chief bets on buses, supercars

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Bloomberg The man with the final word on design at one of the world’s biggest automakers sees a future dominated by self-driving boxes-on-wheels and souped-up sports cars. For Simon Humphries, who as of this year oversees design globally across Toyota Motor Corp.’s namesake and luxury Lexus brands, mobility will follow two divergent paths. One is the e-Palette, a customizable robo-van ...

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World’s largest technology deal hinges on Qualcomm

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Bloomberg Broadcom Ltd.’s bid for Qualcomm Inc. is a good place to start negotiations between the two companies on what would be the biggest deal in the history of technology, according to Institutional Shareholder Services Inc. The influential proxy adviser, though, stopped short of recommending that Qualcomm shareholders vote for the current offer of $82 a share, in a report. ...

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Uber seeks to make peace with London regulator

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Bloomberg Uber Technologies Inc. is launching a range of measures, including 24-hour telephone support hotlines and better contact with local police, in a bid to appease London’s regulator ahead of a court battle over its license to operate in the city. The ride-hailing company will now report “serious incidents” that occur during a passenger’s journey to the police, rather than ...

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Layoffs arrive in Brexit Britain; and auto workers are up first

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Bloomberg In his 50 years working in Britain’s car industry, John Cooper has survived plenty of upheavals. None is scarier than the prospect of Brexit. Being split off from their biggest market means the job cuts and production slowdown UK carmakers have imposed the past few months could be just a prelude to wholesale shutdowns. The shock is only beginning ...

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Mohammed attends HM King of Bahrain Endurance Cup

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Manama / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of UAE and Ruler of Dubai, praised the impressive development of endurance racing in Bahrain, thanks to the constant support and follow-up of His Majesty King Hamad bin Isa Al Khalifa of Bahrain. His Highness Sheikh Mohammed bin Rashid made these remarks when he attended ...

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