Blog List Layout

  Bloomberg Zurich Insurance Group AG fell in Zurich trading after posting a quarterly profit supported by one-time gains as Chief Executive Officer Mario Greco presses ahead with an overhaul of Switzerland’s largest insurer. Net income for the three months through December amounted to $685 million compared with a loss of $424 million a year earlier due to restructuring costs ...

  Dubai / WAM His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, attended on Wednesday a banquet hosted in his honour by Ali Abdullah Al Sha’far at his residence in Umm Suqeim district 1, Dubai. HH Sheikh Mansour bin Zayed Al Nahyan, Deputy Prime Minister and ...

  Dubai / WAM His Highness Dr. Sheikh Sultan bin Mohammed Al Qasimi, Supreme Council Member and Ruler of Sharjah, has highlighted Sharjah’s efforts to preserve the environment and bio-diversity by the conservation of many endangered plants and animals. He added that 3 to 4 million trees can be planted every year from available seed stock. During his visit to the ...

  Ankara / Emirates Business The 9th Ministerial meeting of the Joint Economic Committee between the UAE and Turkey was in the Turkish capital of Ankara. The session was chaired by HE Engineer Sultan bin Saeed Al Mansoori, Minister of Economy, and Mehmet Simsek, Deputy Prime Minister of Turkey. Also present were Eng. Mohammed Ahmed Bin Abdul Aziz Al Shehhi, ...

  SAN FRANCISCO / AP A federal appeals court will decide whether to reinstate President Donald Trump’s travel ban after a contentious hearing in which the judges hammered away at the administration’s motivations for the ban, but also directed pointed questions to an attorney for two states trying to overturn it. It was unclear which way the three judges of ...

  Abu Dhabi / WAM A staggering AED3 billion business activity was generated by the Abu Dhabi National Exhibitions Company, ADNEC, in 2016. Its key venues include Abu Dhabi National Exhibition Centre and Al Ain Convention Centre, AACC, and together, the centres hosted more than 1.5 million visitors across 480 local and international events, an increase of 30 percent over 2015. ...

  Bloomberg The Reserve Bank of Australia frequently seeks feedback on the health of the economy. It might want to call the debt counselors soon. Homeowners, consumers and property investors around Australia are making more calls to financial helplines as three warning signs back up the spike in demand: mortgage arrears are creeping up, lenders’ bad debt provisions have increased ...

  Bloomberg Running a wholesale grocery shop in the southern Pakistani port city of Karachi, 43-year-old Khan used to write as many as 40 checks a month to buy goods from sugar to Unilever NV tea bags. That changed when authorities, in a bid to clamp down on widespread tax avoidance, started charging a levy on every bank transaction above ...

  Bloomberg Rio Tinto Group is delivering on a promise to reward investors as it emerges from an industry-wide downturn by paying out a bigger-than-expected dividend and announcing a surprise $500 million share buyback. Last year’s 81 percent surge in iron ore prices helped the world’s second-biggest mining company report its first gain in annual profit since 2013, exceeding analysts’ ...

  Bloomberg Film director and lawmaker David Puttnam is proposing measures in the UK’s House of Lords aimed at frustrating Rupert Murdoch’s 11.7 billion-pound ($14.6 billion) plan to merge his US media company, 21st Century Fox Inc., with European pay-television broadcaster Sky Plc. The amendments to the proposed Digital Economy Bill would subject media acquirers to a so-called fit-and-proper test ...