News

Bloomberg Carillion Plc, a UK construction company with government contracts in everything from hospitals to the HS2 high-speed rail project, filed for compulsory liquidation after failing in a last-ditch effort to shore up finances and get a government bailout. The company employs 43,000 people worldwide, almost 20,000 of them in the UK, and has as much as $2.1 billion in ...

Bloomberg Europe’s growth resurgence is showing little sign of losing steam yet and economists have taken notice. In Bloomberg’s monthly survey, the first of the year, respondents bumped up their 2018 outlook to 2.2 percent, close to the decade-high 2.4 percent pace estimated for 2017. The optimism is in contrast to the muted view at the start of 2017. Economists ...

Bloomberg Ford Motor Co. will more than double spending on electrified vehicles, amplifying its investment in a segment that the auto industry sees growing from what’s now just a fraction of the market. The carmaker will shell out $11 billion bringing 40 electrified vehicles to market by 2022, Jim Farley, president of global markets, said during a presentation at the ...

Bloomberg In the first revamp of the G-Class since the rugged sport utility vehicle’s introduction nearly four decades ago, Mercedes-Benz took the approach that if it ain’t broke, don’t fix it. There’s a special “G” mode for offroad driving and a large flat screen. But aside from such flourishes, the styling is still dominated by flat steel surfaces and a ...

ABU DHABI / WAM Masdar, Abu Dhabi Future Energy Company, on Sunday signed a Share Purchase Agreement (SPA) with Akuo Energy, the French IPP in renewable energy, to enter into the Krnovo Wind Farm, Montenegro’s first wind energy project. The agreement was signed by Niall Hannigan, Chief Financial Officer of Masdar, and Eric Scotto, Chief Executive Officer of Akuo Energy, ...

ABU DHABI / WAM The UAE stocks maintained their bullish trend on the first trading day of the week supported by the realty sector led by Emaar, which closed on a high note of AED7.30. The positive performance of the Dubai property giant reflected favourably on the entire real estate sector at DFM whose general index rose 0.53 percent, to ...

ABU DHABI / WAM The fifth meeting of UAE – India High Level Joint Task Force on Investments (‘the Joint Task Force’) was held on Sunday in Abu Dhabi, with significant progress being made on a number of key issues of mutual importance. The meeting was co-chaired by HH Sheikh Ham-ed bin Zayed Al Nahyan, Chairman of the Abu Dhabi ...

Abu Dhabi / Emirates Business Abu Dhabi Financial Group (ADFG), a leading global investment group, has set up its new offices in Abu Dhabi Global Market (ADGM) on Al Maryah Island, to allow for further expansion as the company continues on its growth trajectory. Jassim Alseddiqi, CEO of ADFG, said: “ADFG is delighted to have opened its headquarters at ADGM, ...

SHARJAH / WAM The Sharjah Economic Development Department (SEDD) launched four new technological projects by the end of December 2017. These projects come in line with the department’s commitment to accelerate the transition to a smart government model that ensures the provision of innovative services. The projects included the new portal, consumer protection site, SEDD application, and the new digital ...

Dubai / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of UAE and Ruler of Dubai, on Sunday received Prince Abdulaziz bin Saud bin Naif bin Abdulaziz, Saudi Minister of Interior, and his accompanying delegation, at Zabeel Palace. Prince Abdulaziz conveyed the greetings of the Custodian of the Two Holy Mosques, King Salman bin Abdulaziz ...