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Dubai Chamber seminar highlights UAE women’s best practices in development

Dubai / Emirates Business The Dubai Chamber of Commerce and Industry hosted a knowledge sharing seminar at its premises which gathered members of Dubai’s business community and highlighted global best practices in engaging Emirati women in development. The event, organised by the Dubai Chamber Sustainability Network Task Force on Emirati Women Engagement in Development, included presentations from Aramex, Empower and ...

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Etisalat, GSMA partner for Mobile 360 Series

ABU DHABI / Emirates Business Etisalat on Sunday announced its exclusive partnership with GSMA for Mobile 360 series-MENA conference in 2018 and 2019, a regional platform that attracts telecom leaders from across the global and regional mobile industry to address key challenges and opportunities in the mobile ecosystem. The three-day conference scheduled to take place from November 27-29 at Dubai ...

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Abu Dhabi Chamber to host franchise exhibition in October

Abu Dhabi / Emirates Business Abu Dhabi Chamber announced that the sixth International Franchise Exhibition (IFE) is to be hosted at the Abu Dhabi National Exhibition Centre (ADNEC) on October 16 – 17, with major international brands and companies taking part. As an important business-first event, the IFE 2018 provides a platform for meeting the demands of the growing franchise ...

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Total stops Iran gas project as risk from sanctions too high

Bloomberg Total SA said it will not risk investing in Iran following the return of US sanctions, unless it can secure a waiver. Continuing to do business in Iran would be too great a risk as the company has large operations in the US and depends on the country’s banks for financing its operations, Total said in a statement. So ...

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Germany brushes aside US concerns about Russia gas pipeline link

Bloomberg Germany brushed aside US concerns about a major natural gas pipeline that will deliver Russian gas to Europe, suggesting President Donald Trump’s administration appears to be protecting its own interests. German Economy Minister Peter Altmaier defended the planned Nord Stream 2 pipeline as Chancellor Angela Merkel meets President Vladimir Putin in Russia. The US warned it may impose sanctions ...

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Macquarie seeks buyer for stake in wind farm

Bloomberg Macquarie Capital is seeking to pare its stake in Taiwan’s first offshore wind farm, people with knowledge of the matter said. The Australian firm, which is an arm of Macquarie Group Ltd., has been reaching out to potential buyers for part of its 50 percent holding in the Formosa I project in the sea off northwestern Taiwan, according to ...

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Myanmar first mover TPG seeks to create $700mn tower giant

Bloomberg TPG, the first major US private equity firm to invest in Myanmar after it emerged from military rule, is working on another landmark transaction in what’s become one of the world’s fastest-growing economies. It’s pursuing a deal to create Myanmar’s biggest independent owner of telecom towers as mobile-phone usage in the country soars, people with knowledge of the matter ...

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Baidu tumbles as star hire Qi Lu steps down

Bloomberg Baidu Inc.’s Qi Lu, the former Microsoft Corp. executive hired to oversee virtually every aspect of its business, has stepped down from all active management roles less than two years after joining the Chinese internet search leader. The former group president and chief operating officer becomes the highest-profile executive to exit the company over the past few years. Lu, ...

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LG patriarch Koo dies at 73

Bloomberg Koo Bon-moo, the chairman of South Korea’s fourth-largest conglomerate who transformed a local producer of cheap appliance into a global tech and chemical powerhouse over two decades, has died. He was 73. Koo died Sunday at 9:52 am Seoul time as he did not seek extension of life after falling ill a year ago, according to LG Group in ...

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RCom rises 70% on report of out-of-court talks with Ericsson

Bloomberg Reliance Communications Ltd., the telecom arm of billionaire Anil Ambani, climbed by a record after a report that the indebted company is in settlement talks with the Indian unit of Ericsson AB, which this week won a petition to place the wireless carrier in insolvency proceedings. Shares of RCom, as the company is known, surged as much as 70 ...

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