News

Bloomberg Atlantia Spa’s Autostrade arm will hold an emergency meeting as top executives come under pressure to quit after dozens died when an Italian bridge it operated collapsed, people with knowledge of the matter said. The extraordinary board meeting is expected to be held next week to consider the impact of the disaster in Genoa, which killed at least 39 ...

Bloomberg Increases in Toronto pushed Canadian housing sales higher for a third month, further evidence the country’s real estate market is regaining strength after it stumbled at the start of this year. Transactions nationwide rose 1.9 percent from June to 38,612, bringing them back towards the 10-year average, the Canadian Real Estate Association said from Ottawa. Sales in Toronto advanced ...

Bloomberg Some of the biggest names in New York real estate, including SL Green Realty Corp., Vornado Realty Trust and Related Cos., have signed on to an ambitious plan to reduce energy use in the city’s larger buildings by 20 percent by 2030 — with some “wiggle room.” If it’s implemented, the plan would take the city’s 50,000-plus buildings of ...

Bloomberg India’s trade deficit in July widened to the most in more than five years, worsening the outlook for the rupee that hit a record low after a Turkish lira-led sell-off in emerging-market currencies. The trade deficit — gap between exports and imports — was $18 billion in July, fanned by a higher oil import bill, data released by India’s ...

ZANZIBAR / WAM Reem bint Ibrahim Al Hashemy, Minister of State for International Cooperation, headed a UAE delegation to Zanzibar where discussions were held surrounding the enhancing of bilateral relations and cooperation. During the visit, Al Hashemy reaffirmed the UAE’s foreign policy to strengthen bilateral ties and build bridges of cooperation with the African continent based on the principles of ...

DUBAI / WAM The Dubai Chamber of Commerce and Industry has announced that it will waive late membership fees in an effort to reduce the cost of doing business in Dubai and enhance the competitiveness of the emirate’s private sector. The move falls in line with the directives of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and ...

ABU DHABI / WAM Bryan Thompson has been appointed Chief Executive Officer of Abu Dhabi Airports. Thompson brings with him more than 25 years of international experience in various areas of airport management and operations, including ANS, terminal operations, strategy and planning, in addition to infrastructure and corporate development. In his previous role as Senior Vice President — Development at ...

Dubai / WAM The Dubai Gold and Commodities Exchange (DGCX) and the Dubai Islamic Economy Development Centre (DIEDC) on Tuesday signed a Memorandum of Understanding (MoU) to share knowledge, promote Shari’ah-Compliant finance, and help foster Dubai as the global capital of Islamic economy. Abdulla Mohammed Al Awar, CEO of DIEDC, and Les Male, CEO of DGCX, signed the agreement at ...

ABU DHABI / Emirates Business Watania Takaful Company, one of the leading insurance companies in the UAE, announced on Tuesday a net profit of AED7.8 million for the first half of this year the company delivered, marking an increase of 190 percent compared to AED2.7 million in the same period last year. The company pointed out the most notable feature ...

ADEN / WAM A number of international relief organisations have praised the humanitarian, development and service initiatives of the UAE in Yemen, and the country’s eminent role in easing up the scourge of the embattled country’s current humanitarian situation and supporting Yemeni households across the liberated governorates and districts. This came during discussions in Aden between Saeed Al Kaabi, UAE ...