News

DUBAI / WAM Dubai Healthcare City Authority (DHCA), the governing body of Dubai Healthcare City (DHCC), on Wednesday announced, in collaboration with the Federal Authority for Identity and Citizenship (ICA), the setting up of an ICA’s Customer Happiness Centre in the free zone to serve its community members and the wider Dubai community. As many as 8,000 people working in ...

Dubai / Emirates Business Gulf Craft will start 2018 in style in Thailand at the new luxury lifestyle event Phuket Rendezvous from January 4 to 7. “Thailand is an increasingly important market for several reasons,” said Tony Nixey, Managing Director of Gulf Craft’s dealer in the country, Go Boating Thailand. “Not only is it popular with the global yachting community, ...

Bloomberg Ant Financial may have to re-tool its global ambitions after stiff US opposition scuppered what would have been its largest overseas acquisition. The Chinese financial services giant controlled by Alibaba co-founder Jack Ma abandoned a plan to buy MoneyGram International Inc. after failing to win approval for the deal from a key government panel. China’s largest online wealth management ...

Bloomberg Samling Group, the Malaysian timber giant, is planning an initial public offering of its automotive operations that could raise more than $250 million, people with knowledge of the matter said. Samling is working with advisers to explore a possible dual listing of the business in Kuala Lumpur and Singapore later this year, according to the people. The share sale ...

Bloomberg BlackBerry Ltd.’s efforts to push into self-driving cars took a new step forward as the former smartphone maker signed a deal with Chinese internet giant Baidu Inc. to work together on automotive software. Baidu will bundle BlackBerry’s QNX vehicle operating system into its Apollo self-driving car platform, a set of tools that automakers can use when designing autonomous vehicles. ...

Bloomberg Trucking firms like Caravan Roadways Ltd., which has more than 500 brightly-painted vehicles crisscrossing India, were meant to see immediate benefits from the biggest tax reform in India’s modern history. But the chaotically-implemented goods and services tax is derailing the government’s revenue target and hasn’t much improved trade within Asia’s No. 3 economy. “Suspicious states”—anxious to retain pre-GST earnings—are ...

Bloomberg Europe’s set to be stuck with a higher oil bill as Russia shifts more of its supply to the Chinese oil market. As the world’s second-biggest economy buys more, crude shipments from the Baltic Sea port of Primorsk will be cut, according to industry consultant FGE. The reduction will push up the price of varieties available for sale to ...

Bloomberg Will Saudi Arabia and Russia maintain their grip on production, or could they succumb to another surge in US shale? Is it possible for the economic collapse of a major producer to send crude prices soaring, or perhaps Silicon Valley will usher in the end of the combustion engine? After ending 2017 at a two-year high, oil prices could ...

Bloomberg This is the year when the biggest political and economic conundrum to face the UK in modern times will be solved, further complicated or even abandoned in all but name. Within 10 months, the British government and European Union aim to have an agreement on their divorce and at least the outline of their future trading relationship. They have ...

Bloomberg Germany’s unemployment rate fell to a record low as the number of people out of work slid for a sixth month, reflecting a boom in Europe’s largest economy that could push up wages and inflation. The jobless rate was 5.5 percent in December, and the previous month’s rate was revised down to the same level, the Federal Labor Agency ...