Bloomberg BHP Billiton Ltd.’s board is being targeted for a sweeping overhaul by Tribeca Global Natural Resources Fund, opening a potential new front in the burgeoning activist campaign against the world’s biggest mining company. The Sydney-based hedge fund, which last month joined billionaire Paul Singer’s Elliott Management Corp. in calling for changes aimed at shifting strategy at BHP, believes about ...
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Dubai / Emirates Business The UAE’s free trade zones are using advanced information management tools to drive the doubling of the global free trade zone GDP, experts announced. Globally, the contribution of free trade zones to the Islamic Economy is set to double to USD 117 billion by 2021, according to a recent report by researchers Salaam Gateway. The UAE ...
Read More »ABU DHABI / WAM The total monetary aggregate issued in the UAE amounted to AED78.3 billion during the first third of 2017, an increase of AED790 million over the end of 2016, according to UAE Central Bank statistics. According to CB figures, the total banknotes issued by the bank by the end of April are valued at AED77.2 billion, a ...
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Dubai / Emirates Business The 2017 Bayt.com Middle East and North Africa Salary Survey, conducted by Bayt.com, the Middle East’s number one job site, and YouGov, a leading market research agency, revealed that almost half (44%) of UAE respondents believe that salaries are increasing in the UAE, and 24% believe that they are staying the same. In terms of current ...
Read More »ABU DHABI / WAM Dubai Municipality has started a project for the irrigation network and beautification of Al Khail Road from the Business Bay crossing to the Zabeel 1 intersection at a cost of AED30 million, to be completed within nine months, said Mohammed Ahmed, Acting Director of Sewage and Irrigation Department in Dubai Municipality. He added that the project ...
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Abu Dhabi / Emirates Business New figures from Abu Dhabi Tourism & Culture Authority (TCA Abu Dhabi) show that Abu Dhabi welcomed 1.6 million guest arrivals year to end of April, a 7% growth compared to the same period in 2016, As a single month, April has continued to build on the strong performance of the opening quarter of the ...
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Dubai / Emirates Business Tejar Dubai, an initiative of the Dubai Chamber of Commerce and Industry, recently launched SWOT Specialized Professional Institute (SSPI), a new training institute in Dubai’s Garhoud area which specialisies in aviation, logistics, and cargo safety. The institute is the 28th commercial project to be launched by Tejar Dubai to date, while it is also the third ...
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Dubai / Emirates Business Emirates Insolaire LLC, a pioneer in the development of new solar technologies and a joint venture of Dubai Investments PJSC and SwissINSO Holding Inc., received strong enquiries for its sustainable, energy-efficient coloured solar panel technology, reinforcing the surging demand for Building-Integrated Photovoltaics [BIPV] across the globe. Emirates Insolaire, which offers the world’s-first Kromatix coloured solar panels ...
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Riyadh / Emirates Business Al Habtoor Motors Saudi Arabia celebrates its first anniversary in Saudi Arabia selling Daimler-Fuso trucks. To kick off its anniversary celebration, the company will launch a number of promotional campaigns for its customers & resellers. Furthermore, the company plans to host Kingdom wide promotional events to celebrate this milestone. The early success of Habtoor Motors in ...
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Abu Dhabi / Emirates Business Cleveland Clinic Abu Dhabi has launched a Smoking Cessation Program to help people trying to quit the deadly habit following World No Tobacco Day. According to the fifth World Tobacco Atlas, an average of 27 people in the UAE die each week due to tobacco-related diseases and the current rate of smoking is 24.3 percent ...
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