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Dubai / Emirates Business The Dubai-based Najibi Investments announced on Sunday that its Australian development arm, SANAD Capital, revealed the brand of its AED 1 billion active lifestyle destination, which has so far been code named ACTVE. ACTVENTURE, will become the first and largest active lifestyle destination in Australia, bringing families and active sports enthusiast together in one extraordinary location. ...

Dubai / Emirates Business Dubai Properties, a leading Dubai-based real estate master developer and asset manager, announced the launch of sales of Casa Viva, marking phase 3 of its family-friendly Serena community at Dubailand from Monday at the newly opened Dubai Properties Sales Gallery on the 9th floor in Vision Tower, Business Bay. The launch of the well-appointed and affordable ...

Bloomberg Thai regulators plan to impose financial penalties on Facebook Inc. and other compa- nies with video-sharing platforms if they fail to swiftly remove what they deem to be illegal content. The new framework would give authorities the power to immediately demand the removal of offensive material without waiting for a court order, Colonel Natee Sukonrat, vice chairman of the ...

Bloomberg Chinese bike-rental startup Ofo is aiming to raise new funds at a valuation of about $3 billion, people familiar with the deal say, further inflaming an already pitched competition for capital by startups backed by the country’s largest technology firms. The company is seeking roughly $500 million, one of the people said, asking not to be named discussing an ...

Bloomberg As European Union officials count the days before their annual vacation, Google’s lawyers and lobbyists are hunkering down in Brussels, preparing for what may be a record EU antitrust fine. A penalty in the shopping-search probe could come within weeks and many expect it to exceed a $1.2 billion fine on Intel Corp. in 2009. That would be another ...

Bloomberg Tight cobalt supplies will keep boosting the price of one of this year’s hottest commodities, according to Eurasian Resources Group S.a.r.l., which is developing an almost $1 billion project in the Democratic Republic of Congo. Cobalt jumped 71 percent this year on surging demand for the metal used in batteries for electric cars made by firms such as Tesla ...

Bloomberg The number of fresh listings on Nasdaq Inc.’s alternative First North market in Stockholm has more than doubled this year, driven by health-care companies such as Promore Pharma, the latest from that industry to plan an initial public offering. Stockholm’s First North market saw 27 new listings, including 20 IPOs, between early January and May 22, according to data ...

Bloomberg Prime Minister Theresa May’s office backtracked on a statement that a deal was reached with Northern Ireland’s Democratic Unionist Party, adding to a sense of chaos around her government after last week’s disastrous election, and eight days before Brexit talks begin. “The prime minister has tonight spoken with the DUP to discuss finalizing a confidence and supply deal when ...

Dubai / Emirates Business The Dubai Future Foundation (DFF) and OnBoard International have joined hands to provide in-flight TV reports, broadcast by DFF’s Future Monitor, onboard Arab and international flights operated by major regional and international airlines. The in-flight scientific content will be available onboard flights to many Arab and international destinations, including London, Istanbul, New York City, Paris, Shanghai, ...

Dubai / WAM Bosch, the global supplier of technology and services, is the first company in the UAE to be certified to the new ISO 37001:2016 ‘Anti-bribery Management Systems’ standard, by TASNEEF-RINA Business Assurance L.L.C. The certificate was presented to the General Manager and Vice President of Robert Bosch Middle East, Volker Bischoff, and Bosch Middle East Compliance Manager, Sarfraz ...