News

  Dubai / WAM The Mohammed Bin Rashid Fund (MBRF) announced a new competition as part of the ‘Careers UAE’ fair with a total prize money of AED1 million on offer for future UAE entrepreneurs. The competition named “START”, was launched under Dubai SME, an agency of the Department of Economic Development, DED, in Dubai, and aims to assist unemployed Emiratis ...

  Sharjah / WAM The free afternoon parking from 1pm to 5pm in the Emirate of Sharjah will be cancelled effective April 1, the Sharjah City Municipality announced. “The new paid parking times will be from 8.00 am till 10.00 pm every day except for Fridays and public holidays,” said Salim Al Suwaidi, Assistant Director-General for Customer Service at Sharjah Municipality. ...

  Bloomberg Royal Dutch Shell Plc has agreed to sell its onshore oil assets in Gabon to a unit of Carlyle Group LP for $587 million, taking it closer to its $30 billion divestment target. Carlyle’s unit Assala Energy Holdings Ltd. will also take on $285 million of debt from Shell’s Gabon unit and will make an additional payment of ...

  Bloomberg China Petroleum & Chemical Corp. reported its first profit gain in three years as the world’s largest oil refiner got a boost from cheaper crude and took a one-time gain from pipeline sales. Net income in 2016 rose 44 percent to 46.7 billion yuan ($6.8 billion), the company known as Sinopec said in a statement to the Shanghai ...

  Bloomberg Chinese conglomerate HNA Group Co. agreed to buy a 25 percent stake in Old Mutual Plc’s U.S. asset management unit for about $446 million, adding to a $30 billion spending spree since last year. Old Mutual is selling down its holdings in OM Asset Management to HNA Group in two tranches, according to an emailed statement on Sunday ...

  Bloomberg California’s environmental regulator broke with the Trump administration by maintaining its cleaner- car standards through 2025 and launching a formal effort to write even tougher rules for the following five years. The California Air Resources Board voted unanimously to maintain the state’s 2025 limits on tailpipe greenhouse gas emissions and begin drafting stricter goals for zero-emission vehicle sales ...

  Bloomberg Uber Technologies Inc. is suspending its self-driving car program after one of its autonomous vehicles was involved in a high-impact crash in Tempe, Arizona, the latest incident for a company reeling from multiple crises. In a photo posted on Twitter, one of Uber’s Volvo self-driving SUVs is pictured on its side next to another car with dents and ...

  Bloomberg Barrick Gold Corp. awarded Executive Chairman John Thornton $8.5 million in total compensation last year, more than double what he received in 2015 when he gave up his bonus in the wake of investor criticism of pay packages at the world’s largest gold producer. Thornton received a salary of $2.5 million, long-term incentives of $5.32 million, $307,198 in ...

  ROCKLAND / AP Maine’s booming lobster industry has a big problem involving a little fish. The state’s iconic lobster fishery is healthy, having set records for volume and value in 2016. But the fishery for herring, a small schooling fish that lobsters love to eat, is another story. Herring is suddenly the second-most valuable fishery in the state, and ...

  Bloomberg Finland’s need to rein in public spending could be a boon for the nation’s private health-care providers. The parliament this month started a debate on government plans to open up the country’s 8 billion-euro ($8.6 billion) basic health-care and welfare market to private competition by 2019. More freedom for patients to choose their doctor will lead to better ...