Bloomberg As mall owners around the world seek a defense against Amazon.com Inc, Europe’s largest commercial landlord is betting the solution lies across the Atlantic. Unibail-Rodamco SE’s agreement to buy Australia’s Westfield Corp. for about $15.8 billion gives it control of mega malls in North America and London as landlords try to compete with internet retailers by focussing on the ...

Emirates Business At a recently held Enterprise Agility Award function at St. Regis Dubai, Plan B Group got awarded as fastest growing company for the year 2016-17. Held annually, the event currently has three editions held in the United Arab Emirates, Qatar and Saudi Arabia. Harmeek Singh, Chairman of the Plan B Group, received the award from Essa Ali Alzaabi, ...

DUBAI / WAM The pharmaceutical market in the United Arab Emirates is expected to grow from AED9.61 billion in 2016 to AED14.11 billion by 2020, driven by increased healthcare expenditure, mandatory health insurance, and growing medical tourism. This was stated by the participants in the Pharmaceutical Research & Man-ufacturers Association Gulf Forum (PhRMAG 2017), being held under the patronage of ...

Abu Dhabi / WAM ADNOC IPO was a tremendous success and drew a very strong response from investors, according to Rashed Al Baloushi, CEO of Abu Dhabi Securities Exchange. In statements to WAM, Al Baloushi said a total of 12,000 investors from 73 nationalities participated in the subscription, with final allocations hitting approximately 90 percent for qualified investors and 10 ...

DUBAI / Reuters Major Saudi Arabian real estate developer Dar Al Arkan plans a project in Dubai and is considering whether to invest in Morocco and Europe as it begins to expand internationally, its chairman Yousef al-Shelash told Reuters on Tuesday. “We have a good opportunity now to grow outside Saudi because we have the cash, we have the capability,” ...

DUBAI / WAM The UAE Ministry of Finance (MoF) has joined forces with a global fintech conference series to drive innovation, growth and investment in financial, banking and payments technology in the Middle East. The strategic partnership with Finovate Middle East was announced by Younis Al Khouri, Undersecretary of the Ministry of Finance, at an announcement event held in Dubai ...

Abu Dhabi / WAM His Highness Sheikh Mansour bin Zayed Al Nahyan, Deputy Prime Minister and Minister of Presidential Affairs and Chairman of the Abu Dhabi Food Control Authority (ADFCA), on Tuesday officially opened SIAL Middle East 2017, the region’s fastest growing business trade event for the food, drink and hospitality industries. The conference is being held under the strategic ...

Dubai / WAM HH Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of UAE and Ruler of Dubai, received on Tuesday former French president Francois Hollande, on the sidelines of the now-running Arab Strategy Forum 2017. Also present during the meeting were HH Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of ...

Sharjah / WAM The Environment and Protected Areas Authority (EPAA), issued 200 fines to combat environmental violations, most of which are related to littering. The campaign is a result of the EPAA’s drive to educate and guide visitors on the necessity of adhering to the law, which seeks to preserve the environment and prevent littering to keep it clean. Hana ...

Dubai / WAM Nigeria has announced its participation at the Expo 2020 Dubai. The confirmation was delivered by Mohammed Dansanta Rimi, Ambassador of Nigeria to UAE, to HH Sheikh Ahmed bin Saeed Al Maktoum, Chairman of the Dubai Expo 2020, Chairman of Dubai Civil Aviation Authority and Chief Executive of Emirates Group. Expo 2020 Dubai will be the ideal platform ...