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Abu Dhabi / WAM The National Media Council (NMC), announced the formation of the ‘Youth Media Council’, aimed at boosting participation of young media professionals in the mainstream media of the country. “The launch of the Youth Media Council is a testament to the firm belief in youth’s capabilities by boosting their participation in this dynamic field, and providing them ...

Sharjah / WAM In a move aimed at enhancing cooperation and sharing expertise with the businesswomen’s community in the UAE and beyond, Sharjah Business Women Council (SBWC), a subsidiary of NAMA Women Advancement Establishment, has granted ‘Joyoon’ membership to 14 Egyptian female entrepreneurs. The invitation to become members of the scheme was sent to recent graduates of the ‘Ana Raeda’ ...

Dubai / WAM Dubai Culture and Arts Authority, known as Dubai Culture, the emirate’s dedicated entity for culture, arts and heritage, announced details of workshops which will be held in July as part of the Dubai Festival for Youth Theatre 2017, including three that will be hosted from July 2-23 in collaboration with the Higher Institute of Theatrical Arts in ...

Bloomberg Toshiba Corp. picked a group led by Bain Capital and Japanese investors as the preferred bidders for its memory chip business, bringing much needed cash into the Japanese company to make up for losses in its nuclear operations. The parties are aiming to reach final agreement by June 28 and close the transaction by March, Toshiba said in a ...

Bloomberg Tencent Holdings Ltd. is best known for super-app WeChat and its relentless pace of startup investment. Now the Chinese social media giant is looking beyond Earth-bound opportunities. China’s largest corporation has invested in Moon Express, a startup that aims to put drones on the lunar body; Argentina’s Satellogic, which specializes in satellite imagery; and Planetary Resources, which is looking ...

Bloomberg China Hongqiao Group Ltd., the nation’s biggest aluminum smelter, is curtailing outdated capacity amid a broader crackdown by the government on illegal production. Shares of aluminum makers gained in China. The company, the main aluminum arm of Shandong Weiqiao Pioneering Group Co., declined to give the scale or timing of the reduction in an emailed statement. Two people with ...

Bloomberg Wang Shi, who built China Vanke Co. into the country’s biggest developer after founding it 33 years ago, stepped down as chairman after an ownership tussle that ended with a state entity becoming its biggest investor. The exit of the 66-year-old Wang comes after metro line builder Shenzhen Metro Group Co. emerged as a white knight last year and ...

DUBAI­­­­ / Reuters Global index compiler MSCI said it would consider upgrading Saudi Arabia to emerging market status, a move that would attract tens of billions of dollars of fresh foreign money as the country seeks to diversify its economy beyond oil. MSCI will announce its decision in June 2018, and any move to upgrade would take effect in two ...

Bloomberg Saudi Arabia’s new Crown Prince Mohammed bin Salman will need higher crude prices to push ahead with his plans to reform the kingdom’s economy, making an about-face in oil policy unlikely in the short term. Yet, oil markets will be braced for an even more assertive Saudi Arabia in foreign policy. MbS, as the 31-year-old prince is known, has ...

Bloomberg China’s Sinochem Group is considering listing its oil-related business in Hong Kong, according to people with knowledge of the plan. The state-owned chemicals conglomerate is making ini- tial evaluations of its oil assets, which have a combined va- lue of around 100 billion yuan ($14.6 billion), said the people, who asked not to be identified as the information is ...