Dubai / WAM Dubai Holding, the global investment holding company, on Saturday announced the launch of its dedicated Youth Council, which has been formed to empower young people across the organisation while seeking to capture their unique talents and voices. Open to Dubai Holding staff aged 21 through 30 years, the Dubai Holding Youth Council has been designed to ...
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DSOA opens electric vehicle charging stations for free use
Dubai / Emirates Business Dubai Silicon Oasis Authority (DSOA), the regulatory body for Dubai Silicon Oasis (DSO), the integrated free zone technology park, announced the launch of its new initiative that allows electric vehicle owners to use the charging stations on its premises free of charge until the end of the year. As part of its aim to encourage ...
Read More »Trump approves Keystone XL pipeline
Washington / AP President Donald Trump greenlighted the long-delayed Keystone XL pipeline, declaring it a “great day for American jobs†and siding with energy advocates over environmental groups in a heated debate over climate change. The presidential permit comes nearly a decade after Calgary-based TransCanada applied to build the $8 billion pipeline, which will snake from Canada through the ...
Read More »China’s Zhonghong agrees to acquire 21% SeaWorld stake
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 ...
Read More »Reliance Industries barred from trading futures for a year
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 ...
Read More »Euro-area economy pace bodes well for prices, jobs
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’ ...
Read More »Fitbit moves towards trial in Jawbone ‘trade secrets theft’ controversy
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 ...
Read More »Orders for US durable goods increase more than forecast
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 ...
Read More »Waha Capital looks to diversify investments into Saudi market
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 ...
Read More »Abu Dhabi to host International Security Forum
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 ...
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