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Bloomberg Uber Technologies Inc.’s Dara Khosrowshahi has scheduled his first visit to Asia since taking over as chief executive officer amid questions about the ride-hailing giant’s future in the region. Khosrowshahi will visit Japan and India during the week of February 19 to meet business and government leaders, said Chris Brummitt, a spokesman for Uber. The CEO will discuss ways ...

Bloomberg As the latest China data showed some softening at the end of an upbeat year, reports for this month are looking likely to show the economy keeping pace despite slowing industrial profits. The earliest indicators for January show momentum remains intact, with sales managers the most upbeat since July, financial experts more optimistic, and satellite imagery signalling manufacturing conditions ...

Bloomberg A management consortium backed by TPG Capital has bid for a fiber telecommunications network controlled by India’s Tata Group, people with knowledge of the matter said. The suitors offered $1 billion for fiber assets and related businesses owned by the Indian conglomerate’s Tata Teleservices Ltd. unit, according to the people, who asked not to be identified because the information ...

DAVOS / WAM Innovation, entrepreneurship and future economies were the main theme of a panel session organised by the UAE during the 2018 World Economic Forum (WEF) in Davos. The sessions aimed to share experiences regarding successful innovation policies and actions that can help address some of the current global innovation challenges. The attendees underlined the fact that innovation and ...

Dubai / WAM Following the directives of the Vice President and Prime Minister of the UAE and Ruler of Dubai, His Highness Sheikh Mohammed bin Rashid Al Maktoum, to immediately start the construction of roads and transport projects associated with hosting Expo 2020 Dubai, the Roads and Transport Authority (RTA) has awarded two contracts of Phase I and 2 of ...

ABU DHABI / WAM The Securities and Commodities Authority (SCA) announced an initiative for launching the region’s first-of-its-kind form of trading in emissions that specifically targets carbon dioxide. The initiative reflects the significant growth in passenger and cargo air traffic in the country, with the UAE ports now considered a main destination for a large number of international air carriers, ...

ABU DHABI / WAM Emirates Global Aluminium (EGA) is looking to recruit as many as 50 UAE nationals at Tawdheef, the Abu Dhabi career fair for roles in science, technology, engineering and mathematics-related fields, collectively known as STEM. The positions are for experienced hires, graduate trainees, and young people to join its craft apprenticeship programmes. The EGA also has openings ...

DAVOS / WAM Sultan bin Saeed Al Mansouri, Minister of Economy, met Federal Councillor Johann N Schneider-Ammann, the Head of the Swiss Federal Department of Economic Affairs, Education and Research, during the World Economic Forum 2018. The meeting, attended by Hessa Essa Buhumaid, Minister of Community Development, and Mariam Hareb Almheiri, Minister of State for Future Food Security, saw discussions ...

Dubai / Emirates Business Jebel Ali Free Zone (Jafza), Dubai and the UAE’s flagship trade and logistics hub for the MENA region, will be showcasing the growth opportunities it offers to the healthcare and pharmaceutical industry at the Arab Health 2018 Conference and Exhibition from January 29 to February 1. Jafza is home to some of the world’s leading healthcare ...

Dubai / Emirates Business Dubai Land Department (DLD) has announced that the ‘Specialised Reading and Strategic Innovative Thinking’ initiative it launched in 2017 has achieved significant success through the ‘DLD Talk’ programme. In order to further benefit its employees, DLD will continue to implement the initiative during 2018. His Excellency Sultan Butti bin Mejren, Director General of DLD, commented: “This ...