DUBAI / Emirates Business Dubai Business Women Council (DBWC) has marked the ‘Year of Zayed’ with the launch of a mentorship programme designed to honour the pioneering vision of Sheikh Zayed bin Sultan Al Nahyan, the Founding Father in the UAE, and facilitate the full participation of women across socio-economic life. As the UAE’s leading platform for the personal and ...
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ADU launches 3 IT initiatives
Abu Dhabi / WAM The Abu Dhabi University (ADU), launched three IT initiatives that will improve lecture capabilities and connectivity across its campuses in Abu Dhabi, Al Ain, and Dubai, as well as increasing communication efficiencies in different ways. The university has introduced a new concept of delivering collaborative architecture for inter-campus lectures to provide closer-to-real classroom experiences for students ...
Read More »Zayed exhibition opens at DM’s Al Kifaf Centre
Dubai / WAM Hussain Nasser Lootah, Director-General of Dubai Municipality, (DM) opened a photo exhibition on Monday about the late Sheikh Zayed bin Sultan Al Nahyan, the founder of the UAE, at the Municipality’s Al Kifaf Centre near Al Jafiliya Metro Station. The exhibition is part of Dubai Municipality’s plan to launch several initiatives in support of the Year of Zayed ...
Read More »GE engine venture may oust Rolls from Emirates A380 deal
Bloomberg General Electric Co.’s A380 engine venture with Pratt & Whitney may be poised to muscle back in on the double-decker jet following Airbus SE’s deal to sell 36 superjumbos to Gulf carrier Emirates. While Rolls-Royce Holdings Plc is supplying Trent 900 turbines for the last 50 A380s ordered by Emirates, the Dubai airline is leaning towards a rival powerplant ...
Read More »Richemont to buy online luxury retailer for $3.3bn
Bloomberg Richemont agreed to take full control of online luxury retailer Yoox Net-a-Porter SpA for about 2.7 billion euros ($3.3 billion), reflecting ecommerce’s inroads into the world of $5,000 Cartier necklaces and $50,000 Vacheron Constantin watches. Investors would receive 38 euros a share, the Geneva-based luxury-goods company said in a statement. Richemont already owns 50 percent of YNAP. The bid ...
Read More »Norwegian sets record for fastest transatlantic flight
Bloomberg To the envy of plane-weary travellers everywhere, passengers aboard a Norwegian Airlines flight from New York to London were treated to a pleasant surprise: They arrived 53 minutes ahead of schedule, making theirs the fastest transatlantic flight ever recorded on a subsonic commercial aircraft. The final flight time: five hours and 13 minutes. The good time came thanks to ...
Read More »Coke to expand recycling as pressure mounts to cut plastic
Bloomberg Coca-Cola Co. CEO James Quincey is kicking off a recycling spree, part of efforts to burnish the beverage giant’s image. The soft-drink company, which operates in more than 200 countries, is setting the goal of recycling one bottle or can for everyone it sells by 2030. It’s also pledging to become a corporate leader in reducing the plastic waste ...
Read More »China’s biggest electric-car maker to list in $4.5bn deal
Bloomberg China’s biggest electric-car maker will gain a stock market listing in an asset swap valuing the state-backed manufacturer at 28.8 billion yuan ($4.5 billion) and giving investors a bigger chance to participate in the world’s largest market for new-energy vehicles. One of BAIC Group’s publicly traded affiliates, Chengdu Qian Feng Electronics Co., will buy Beijing Electric Vehicle Co., also ...
Read More »China’s sovereign fund, Bain compete for Nature’s Care
Bloomberg An arm of China’s sovereign fund is competing with buyout firms in the bidding for Nature’s Care Manufacture Pty, as the Australian supplement brand’s owner makes a second attempt at a sale, people with knowledge of the matter said. China Jianyin Investment Ltd., a unit of state-run China Investment Corp. that’s known as JIC, is among suitors invited to ...
Read More »Wanda says it plans to sale ‘some assets’
Bloomberg Wanda Hotel Development Co. corrected a statement on a planned sale of assets that had appeared to contradict an English-language version of an announcement at the unit of billionaire Wang Jianlin’s property-to-entertainment conglomerate. The Chinese-language announcement of a pending acquisition was mistaken and should have referred to a “very substantial disposalâ€, the hotel unit said in a Hong Kong ...
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