Blog List Layout

Bloomberg Lyft Inc. has gained significant ground on its rival, Uber Technologies Inc., and is expected to grab more market share in the US, according to a private Lyft investor document obtained by Bloomberg. A major investor is projecting Lyft will have boosted its share of US ride-hailing business some 61 percent by the end of the year, climbing to ...

Bloomberg The deadliest mass shooting in modern US history is adding to soaring costs for insurance companies, which are already taking a beating this year from an onslaught of hurricanes, earthquakes and wildfires. The industry may have to shell out more than $1 billion for the Las Vegas massacre, insurance executives say. Acts of a solo gunman, who killed almost ...

Bloomberg A blockbuster Pacific trade pact abandoned by US President Donald Trump has edged closer to becoming reality after days of tense talks in Vietnam. Japanese Economy Minister Toshimitsu Motegi said the 11 remaining members of the Trans-Pacific Partnership had secured a framework agreement on how to salvage the deal. Canada, which had held out for a day on signing ...

ABU DHABI / AGENCIES His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of UAE and Ruler of Dubai, His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, and President of France Emmanuel Macron, opened on Wednesday Louvre Abu Dhabi, the first museum ...

Abu Dhabi / WAM Abu Dhabi Ports, the master developer, operator and manager of commercial and community ports within the emirate of Abu Dhabi, as well as Fujairah Terminals and Khalifa Industrial Zone Abu Dhabi KIZAD, has showcased opportunities available for Indian businesses and investors during the third edition of the UAE-India Economic Forum (UIEF), which kicked-off in Dubai on ...

DUBAI / WAM Emirates NBD, a leading bank in the region, marked the commencement of operations in India with the inauguration of its first branch in Mumbai. The Mumbai branch, centrally located in Maker Maxity, Bandra Kurla Complex, marks the bank’s fifth international branch outside of its UAE network. The branch will offer a range of services to corporate, SME ...

Abu Dhabi / Emirates Business Major Chinese companies now rank among the biggest national contingents at one of the world’s largest oil and gas industry events, the Abu Dhabi International Petroleum Exhibition and Conference (ADIPEC), as they look to secure an increasing share of global resources and markets. Almost 160 Chinese companies have confirmed they will attend ADIPEC, booking around ...

UMM AL QAIWAIN / wam His Highness Sheikh Saud bin Rashid Al Mu’alla, Supreme Council Member and Ruler of Umm Al Qaiwain, UAQ, attended the signing of an agreement between the UAQ government and the Hutchison Ports Company, in Hong Kong, to develop and operate the container terminal facilities at the Ahmed Bin Rashid Port in UAQ. The signing ceremony, ...

Dubai / Emirates Business In an effort to help employers understand what motivates employees to be more productive, Oman Insurance Company (OIC) and Bupa Global conducted a study to find out how much workplace productivity hinges on happiness – and what businesses can do to help. The findings of the study will be discussed amongst decision makers and employers attending ...

Bloomberg China Literature Ltd.’s red-hot debut may spur parent Tencent Holdings Ltd. to consider spinning off other parts of a $470 billion empire that spans everything from movies to music streaming. Tencent’s e-books business soared almost 90 percent on its debut, Hong Kong’s largest tech coming-out party since 2007. That marked the best first-day performance this year among IPOs of ...