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DUBAI / Emirates Business Zainab Mohammed, Chief Property Management and Marketing Officer at wasl properties, has won the ‘Emirates Women Award’ for the second time during the 15th edition of the programme under the slogan ‘Wisdom, Goodness and Tenderness’. Zainab was awarded in the ‘Leadership’ category for her outstanding contributions to the development of Dubai’s real estate sector, as well ...

Abu Dhabi / WAM Abu Dhabi Ports unveiled its sixth heat stress campaign titled ‘Safety in Heat’, offering an open platform to educate employees, port users and the public on the effects of heat-related illnesses, and preventative measures from May 15 to September 16. A few easy steps have been taken by the authorities to ensure the safety of workers, ...

Dubai / Emirates Business Volvo Buses and FAMCO have received an order from the Dubai Roads and Transport Authority (RTA) to supply 143 Volvo luxury intercity coaches over the next two years, in what is FAMCO’s largest deal with the RTA to date. Volvo’s B11R is the first bus in the Middle East to meet the strict Euro 6 standards ...

Bloomberg The outlook for Indian online retailer Flipkart was decidedly gloomy when Kalyan Krishnamurthy became chief executive officer in January 2017. The startup’s valuation was dropping, fundraising was more difficult and Amazon.com Inc. was pledging $5 billion-plus to siphon away customers. So the 46-year-old former hedge-fund manager took some risks. He fired senior managers, set more-aggressive sales targets, boosted spending ...

Bloomberg Fortis Healthcare Ltd.’s board passed over bids backed by US private-equity giants TPG and KKR & Co. in favour of local tycoons in the contentious battle for control of India’s second-largest hospital chain. The drawn-out takeover fight moved a step closer to a conclusion after the Fortis board chose a joint proposal from two Indian business families. The rejected ...

Bloomberg Shanghai Fosun Pharmaceutical Group Co. is among shortlisted bidders for a portfolio of Novartis AG assets, including its US dermatology business, that could fetch as much as $2 billion, people with knowledge of the matter said. Apollo Global Management LLC, CVC Capital Partners and Indian drugmaker Aurobindo Pharma Ltd. have also been picked to make final offers, the people ...

Bloomberg It’s hard to predict whether India will re-elect a majority government next year. But one fund manager has advice for investors: go against the crowd. If stocks start to rise on expectations of a stable administration, investors must book profit and re-enter should the results confirm the outcome, said Nilesh Shah, who oversees $19 billion as chief executive officer ...

Bloomberg India’s factory output expanded at the slowest pace in five months, underlining the need for Asia’s third-largest economy to boost investments and consumer spending for faster growth. Growth in output from factories was 4.4 percent in March from a year earlier, the statistics ministry said in a statement in New Delhi. The median of 35 estimates in a Bloomberg ...

Bloomberg Mazda Motor Corp. named Akira Marumoto its next chief executive officer to lead a revival in earnings growth in the face of a slowing US market. Marumoto, an executive vice president who heads operations in the US, will replace Masamichi Kogai after the change is ratified at an annual shareholder meeting on June 26, Mazda said. Kogai will become ...

Bloomberg President Donald Trump’s plan to lower US drug prices avoids some of the harshest steps that the pharmaceutical industry and the network of companies that distribute its products feared. Calling his proposal the most sweeping attempt in US history to lower drug prices, Trump wants to increase competition for medicines, cut list prices and reduce patients’ out-of-pocket costs. Yet ...