AP Samsung Electronics’ $8 billion acquisition of the US auto electronics company Harman will instantly transform the South Korean tech company into a major player in the highly competitive and rapidly growing market for auto infot- ainment, software and connected car technology. Samsung announced on Monday that it would pay $112.00 per share in cash for the Stamford, Connecticut, ...

  Abidjan / AFP “Some people said I’d wasted my life, that I should be a doctor, do something else,” recalls Aboudia, an Ivorian painter with international fame and a big show this month in Abidjan. Aboudia grew up as Abdoulaye Diarrasouba, a youth who still readily speaks Nouchi, the street dialect of working-class districts in Ivory Coast’s economic capital. ...

  Honiara / DPA Robert Satu has spent his whole life in a community near Honiara in the Solomon Islands, a South Pacific nation where steep hills often leave little space for settlements. “From the main road to the sea was more than 120 metres,” the village elder says in a documentary about the effects of climate change. “It’s now ...

  Abu Dhabi / EMIRATES BUSINESS Abu Dhabi Ports signed a 50-year Musataha Agreement with Emirates Aluminium Rolling (Emiroll), a joint venture between DUBAL Holding, Dubai Investment Industries (a subsidiary of Dubai Investments PJSC) and Madar Aluminum Rolling Singapore (MARS), to set up a manufacturing plant with a total investment of AED 440 million on a 83,554.58 square metre plot ...

ABU DHABI / WAM His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces and Chairman of Abu Dhabi Executive Council, has issued a resolution reshuffling the board of directors of Abu Dhabi Airports Company and appointing Awaida Murshed Ali Murshed Al Marar chair of the new board. ...

  Bloomberg A group of investors led by Emaar Properties PJSC Chairman Mohamed Alabbar and Saudi Arabia’s sovereign wealth fund will each contribute $500 million to an e-commerce venture to tap the Middle East’s fast-growing online retail market. E-commerce firm Noon will go live in January and provide 20 million items for customers, Alabbar said at a news conference in ...

  ABU DHABI / WAM The Department of Economic Development – Abu Dhabi (ADDED) has signed separate service level agreements concerning investor services with a number of government departments. ADDED signed agreements with Abu Dhabi National Oil Company, the Department of Municipal Affairs and Transport, Abu Dhabi Securities Exchange, Mubadala Development Company, the Emirates Nuclear Energy Corporation, the Media Zone ...

  DUBAI / WAM The issues and challenges facing the region’s banking industry were under the spotlight at the Middle East Banking Forum 2016, which took place on Monday at The St Regis Corniche Abu Dhabi. Hosted by the UAE Banks Federation (UBF) in association with The Banker, and held under the theme, “Transforming the Customer Experience”, the forum brought ...

  DUBAI / WAM Dubai’s non-oil trade with Belgium nearly doubled over the past six years to reach US$8.5 billion in 2015, accounting for the majority of the country’s non-oil trade with the UAE, it was revealed in a business meeting organised by Dubai Chamber of Commerce and Industry (DCCI) in collaboration with the Chamber of Commerce and Industry of ...

  Abu Dhabi / WAM The UAE seeks to attract more than US$70 billion in industrial investments by 2025 in response to directives from Vice President and Prime Minister and Ruler of Dubai His Highness Sheikh Mohammed bin Rashid Al Maktoum, a senior government official said on Monday. This will help increase the share of the industrial sector in the country’s ...