News

  Bloomberg China’s Zhonghong Zhuoye Group Co. agreed to acquire a 21 percent stake in SeaWorld Entertainment Inc. from Blackstone Group LP, becoming the embattled US theme-park operator’s largest shareholder. The Asian leisure and tourism holding company will pay Blackstone $23 a share, or about $448.5 million based on shares held at the end of December. That represents a 33 ...

  Bloomberg Billionaire Mukesh Ambani’s Reliance Industries Ltd. has been barred from trading futures and options on India’s equity markets for a year after being found guilty of fraudulent activity by the market regulator. The Securities and Exchange Board of India said Reliance, along with 12 unlisted trading houses it used, carried out unlawful transactions in shares of its former ...

  Bloomberg The euro area’s accelerating economy is translating into faster job creation and stronger inflation pressures. A key gauge of activity rose to a near six-year high in March, and employment increased the most since July 2007, with hiring picking up both in services and manufacturing. The jump in the headline IHS Markit Purchasing Managers Index compared with economists’ ...

  Bloomberg Fitbit Inc. is headed toward a trial over claims it stole rival Jawbone Inc.’s trade secrets, after failing to persuade a judge to throw the case out. A California state judge has rejected Fitbit’s argument that the lawsuit is merely an attempt to rehash claims that were already analyzed and rejected by the US International Trade Commission in ...

  Bloomberg Orders for US durable goods increased more than forecast in February, a sign companies are confident about the outlook for the economy. Bookings for goods meant to last at least three years rose 1.7 percent after a 2.3 percent advance the prior month that was larger than previously estimated, Commerce Department data showed. The median forecast of economists ...

  ABU DHABI / Reuters Abu Dhabi investment firm Waha Capital PJSC is in talks with potential partners in Saudi Arabia as it looks to diversify investment in some key sectors outside the United Arab Emirates (UAE), its chairman said. Saudi Arabia is opening its economy to foreign investment as part of its 2030 vision whereby the Middle Eastern country ...

  ABU DHABI / WAM Under the patronage of President His Highness Sheikh Khalifa bin Zayed Al Nahyan, and in partnership with Interpol and the Interpol Foundation for a Safer World, Abu Dhabi is preparing to host Ministers of Interior and Justice as well as experts and leaders from around the world for the inaugural ‘Unity for Security Forum’ taking ...

  Abu Dhabi / WAM The total UAE foreign assistance provided to Yemen, between April 2015 and March 2017, within the framework of the UAE’s efficient humanitarian and development role and its rebuilding projects to support the Yemeni people, amounted to AED7.3 billion. The assistance aims to reduce the suffering of the Yemenis and is in compliance with the UAE’s humanitarian ...

  Cairo / WAM The Zayed Giving Caravans have achieved their humanitarian missions in Egyptian villages, after the treatment of 2,000 children and elderly patients in Belbeis, Sharqiya Governorate, with the help of a mobile hospital equipped with advanced medical equipment, according to the best international standards. The mobile hospital’s volunteer medical team has provided free diagnostic, therapeutic, surgical and preventive ...

  Dubai / WAM The UAE will host one of the largest pavilions at Astana EXPO 2017, spreading over 980 square meters, featuring a presence from major UAE organisations. EXPO 2017 will run from June 10 to September 11 in the Kazakhstan capital. The pavilion’s design and installation started last month and is being overseen under the auspices of the UAE’s ...