News

ABU DHABI / WAM Abu Dhabi Tourism and Culture Authority (TCA Abu Dhabi) will take part in the 1st edition of the ‘Belt and Road bookfair’ for copyright trade in Shandong, China, from August 19-21, 2017. TCA Abu Dhabi will be represented by the ‘Kalima’ translation project as a continuation of discussion carried out with the Chinese counterpart during the ...

Abu Dhabi / Emirates Business Delegates at this year’s Abu Dhabi International Petroleum Exhibition and Conference (ADIPEC) will have more opportunities than ever to hear some of the oil and gas industry’s most powerful executives speak in open-invite conference sessions, after organisers confirmed they will increase the number of Global Business Leader panels for 2017. Held under the patronage of ...

Dubai / WAM From custom caps and cufflinks to tailor-made towels and teapots, Expo 2020 Dubai is looking for manufacturers in the Gulf for two important merchandising categories apparel and homeware. The Expo team seeks producers, from international brands to artisan producers, of goods, which will be offered to millions of visitors from around the world as official Expo 2020 ...

Dubai / Emirates Business Cash is still the reigning king, but that is likely to change rapidly given the UAE’s thrust towards cultivating smart economies, says Xpress Money’s Associate Vice President – Strategy, Digital & BIA, Arundhoti Banerjee. Xpress Money – one of the world’s most dependable money transfer brands – believes that cashless transactions will become far more common ...

Bloomberg The UK government said it wants to maintain tariff-free, bureaucracy-light trade with the European Union for a period of up to two years after Brexit, a proposal cheered by British businesses but which is likely to raise eyebrows on the continent. Ahead of the publication Tuesday of the first of a series of new papers aimed at fleshing out ...

Bloomberg Canadian grocer Metro Inc. is bracing for as much as C$50 million ($39.2 million) in additional costs next year due to a minimum wage increase in Ontario. The Montreal-based company said it’s reviewing how to mitigate the impact of the measure on growth as it reported a decline in same-store sales and earnings that missed estimates. Profit for the ...

Bloomberg Amazon.com Inc. is turning to the debt markets to fund the $13.7 billion acquisition of Whole Foods Market Inc. and power Jeff Bezos’s planned conquest of the supermarket business. The world’s largest online retailer is selling $16 billion of unsecured bonds in as many as seven parts, according to a person with knowledge of the matter. In a sign ...

Bloomberg Hedge funds have adored the FAANGs for so long it’s no wonder that two of them—Apple Inc. and Facebook Inc.—are losing their appeal. Ken Griffin’s Citadel sold 3.4 million shares of Apple, the majority of its stake. And Viking Global Investors, led by Andreas Halvorsen, shed 9.6 million shares of Facebook, or most of its holding. These are just ...

Bloomberg Goldman Sachs Group Inc. is upping its game to lure top technology talent. The Wall Street firm recently boosted pay for programmers fresh from college to compete with the likes of Google and Facebook Inc. And it’s enlisting a Silicon Valley fixer, Andrew Trout from Square Inc., for a new post leading engineering recruitment. The moves are the work ...

Bloomberg Oil investors are already worrying over the potential fallout when OPEC’s deal to cut output expires, marring emerging signs that the accord to shrink a glut is finally succeeding. Uncertainty about how supplies curbed by the Organization of Petroleum Exporting Countries and its allies will be returned to the market in 2018 is clouding the outlook for crude, according ...