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DUBAI / Emirates Business Dubai Land Department (DLD) signed a Memorandum of Understanding (MoU) with the Reed MIDEM SAS to promote the services offered by DLD. The agreement aims to enhance the trust in Dubai’s real estate sector through a cooperation between the two parties. The company will use its expertise to promote DLD’s services across investors. HE Sultan Butti ...

ABU DHABI / WAM The Integrated Transport Centre (ITC) at the Department of Transport (DoT) in Abu Dhabi has announced that its surface parking bays will be free of charge starting from Thursday, September 13 to Saturday, September 15 at 7:59 am on the Hijri new year’s holiday. To that regard, ITC urges the public not to park their vehicles ...

DUBAI / WAM Green capital will be the focus of discussions at the annual World Green Economy Summit (WGES 2018), amid the global commitments to build a green and sustainable world economy. Green finance refers to the financing of investments that provide environmental benefits in the broader context of environmentally sustainable development. WGES 2018 will host fruitful discussions on how ...

Bloomberg The Spanish government is exploring ways to persuade investors to finance a $116 billion transformation of its energy system as it tries to move beyond past policy mistakes that led to widespread losses and lawsuits. The Socialist administration is drawing up plans to expand renewable power generation, modernise its transport system and refit buildings to make them more energy ...

Bloomberg Hurricane Florence may make gasoline more expensive along the East Coast as drivers fuel up ahead of the storm, while missing key refinery and storage hubs. “Motorists can expect spikes in pump prices to be brief, but possibly dramatic,” Jeanette Casselano, a spokeswoman for AAA, said. “A storm like this typically causes an increase in fuel purchases in the ...

Bloomberg European oil majors are looking for more than just deepwater gushers in Brazil. They also plan to profit from the country’s abundant wind and sunshine. Royal Dutch Shell Plc, Total SA and Equinor ASA have all pledged in recent weeks to invest in Brazilian renewables. The push could more than double wind and solar’s share of Brazil’s energy mix ...

Bloomberg ArcelorMittal has raised its bid for indebted Essar Steel India Ltd. to about $5.8 billion, people with knowledge of the matter said. The world’s biggest steelmaker recently sent a letter to Essar Steel’s lenders informing them of its new proposal, the people said, asking not to be identified because the information is private. The company has offered to repay ...

Bloomberg Alibaba Group Holding Ltd. is setting up a $2 billion joint venture with billionaire Alisher Usmanov’s internet services firm Mail.ru Group Ltd. to strengthen the Chinese company’s foothold in Russian e-commerce. Asia’s most valuable company signed an accord with Mail.ru to merge their online marketplaces in the nation of more than 140 million people. The deal is backed by ...

Bloomberg A Chinese consortium including Hillhouse Capital is planning to drop its pursuit of a takeover of Yum China Holdings Inc., the $14 billion operator of KFC restaurants in the world’s most populous nation, people with knowledge of the matter said. The investor group, which also included KKR & Co. and China’s sovereign wealth fund, has decided not to continue ...

Bloomberg Singapore, one of the world’s easiest places to do business, is making it simpler for investment managers to register funds locally as the city-state goes after a bigger slice of the $69 trillion global asset-management industry. While many asset managers have offices in Singapore, most of their funds are still registered in offshore jurisdictions. A new corporate structure bill ...