News

DUBAI / WAM Ten new schools set to open in September will give greater choice to parents across all communities in Dubai, the educational quality assurance and regulatory authority of the Government of Dubai, has said. Knowledge and Human Development Authority, says that these schools will offer IB, UK, Indian, US, Canadian and French curricula, and are expected to meet ...

Sharjah / Emirates Business The strengthening of ties and the exchange of expertise with United States (US) bodies were the topics on the table at a high-level meeting conducted by Sharjah Department of Statistics and Community Development (DSCD). Taking place at Sharjah Chamber of Commerce and Industry, the activity saw the Sharjah government department host a delegation from the US ...

Abu Dhabi / Emirates Business Miral’s subsidiary, Farah Experiences, held at Ferrari World Abu Dhabi, the second open day of its Ambassador Program, a training program focused on encouraging Emirati talent to grow in the travel and tourism sector. The open day welcomed 550 Emirati candidates seeking to join the Ambassador Program to gain knowledge and experience in this high ...

Bloomberg China buys more raw materials than any nation, but that doesn’t mean it always gets the best prices. So the government is altering domestic commodity exchanges to bring in more foreign investors and expand the country’s influence on global markets. Two decades of rapid economic growth have left the world’s biggest population consuming more food, energy and metals than ...

Bloomberg A residential plot in Singapore may fetch a record price for a government land sale, with a Chinese consortium putting in the highest bid at S$1 billion ($718 million). Logan Property (Singapore) Co. and Nanshan Group Singapore Co. submitted the highest bid in the Stirling Road land auction, according to a statement from the Urban Redevelopment Authority. The winning ...

Bloomberg Billionaire Beny Steinmetz’s mining company may be asked to pay as much as $1.2 billion to former partner Vale SA after choosing not to attend an arbitration hearing in London in a dispute over one of the world’s richest mineral assets, two people with knowledge of the case said. The decision by Steinmetz’s BSG Resources Ltd. to back out ...

Bloomberg The UK may find itself in a rare position of becoming a net impo- rter of wheat this season. Imports have exceeded demand in recent months, and if that continues the nation could finish the season that ends in June as a net buyer, according to the Agriculture & Horticulture Development Board. That’s only happened three times in the ...

Bloomberg Aston Martin may consider an initial public offering as early as next year as the British maker of James Bond’s cars seeks to capitalize on the success of Ferrari NV’s listing to lure investors, people familiar with the matter said. The century-old carmaker, whose owners include Investindustrial SpA, could list in London, said the people, who asked not to ...

Bloomberg It’s been a year since US rules went into effect enabling anyone — not just the ultra-wealthy — to buy a slice of a startup. Turns out, few are interested. Investors sprinkled about $38 million across 142 companies since May 2016 when Title III of the JOBS Act allowed equity crowdfunding for non-accredited investors, according to data from industry ...

Bloomberg All producers agree to extend crude output cuts by nine months to help trim a supply glut, according to Saudi Arabia’s energy minister. The extension through the first quarter of 2018 will help producers reach their goal of trimming global stockpiles to a five-year average, Khalid Al-Falih said. OPEC and other global producers such as Russia had agreed to ...