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Dubai / Emirates Business The Dubai Chamber of Commerce and Industry (DCCI) hosted a workshop at its premises which focused on key features and requirements under the new UAE Commercial Companies Law. The workshop, organised by the Chamber in cooperation with Afridi & Angell Legal Consultants, was attended by Dubai Chamber members, lawyers and legal professionals, general managers, business owners, corporate ...

Dubai / Emirates Business The idyllic town woke up to a sparkling new day with the opening of Joyalukkas showroom in Damascus St, Al Qusais, Dubai. The all-new Joyalukkas Damascus St, Al Qusais showroom was inaugurated by Jassim Mohamed Ibrahim Alhasawi Altamimi – Director, Joyalukkas Jewellery, UAE and Mustafa Mohd Alshareef, Vice President Government & VVIP Dubai Region, Etisalat in ...

Bloomberg Egypt is selling $3 billion on international bond markets, taking advantage of lower borrowing costs after its economic policies earned the International Monetary Fund’s endorsement. The most populous Arab nation is offering more of the debt it issued in January, but at lower costs, according to person familiar with the deal, across maturities in 2022, 2027 and 2047. Six ...

Bloomberg There’s beautiful weather across most of Europe, which won’t please natural gas sellers. Mean temperatures in northwest Europe are set to be more than 20 degrees Celsius (68 Fahrenheit) this weekend, 5 degrees above the 10-year average. Same-day gas in the UK, a European benchmark market, has fallen for eight sessions, its longest declining streak in almost a decade. ...

Bloomberg Sun Pharmaceutical Industries Ltd., India’s largest drugmaker, warned investors that sales could decline in the coming year amid downward pressure on generic-drug prices in the US and regulatory issues at one of its biggest factories. Revenue fell 6.6 percent to 71.4 billion rupees ($1.11 billion) in the three months ended March 31 from the same period a year earlier. ...

Bloomberg Chinese industrial profits rose 14 percent in April from a year earlier as global trade increased. Industrial profits climbed to 572.8 billion yuan ($83.6 billion) last month, the National Bureau of Statistics said. That compares with a jump of 23.8 percent in March, and an 8.5 percent increase last year. Output in the world’s largest manufacturing nation is booming ...

Bloomberg Japan’s core consumer inflation gauge rose for a fourth month in April, the longest run of gains since mid-2015, but it’s far below target and weak underlying price pressures point to limited gains ahead. Highlights of CPI report Consumer prices excluding fresh food increased 0.3 percent in April from a year earlier, the fastest pace since April 2015 (estimate ...

Bloomberg Western Australia may ask Rio Tinto Group and BHP Billiton Ltd. to pay potentially billions of dollars to end a mining rent tax to help patch a budget decimated by lower commodity prices. The state government is seeking advice on a proposal that would see the nation’s two biggest miners pay out an iron-ore levy early in a one-off ...

Bloomberg Not everything Elon Musk touches has been a runaway sales success. While Tesla Inc.’s Model S has been a hit and thousands lined up to order the upcoming Model 3 sedan, the Model X sport utility vehicle hasn’t met the chief executive officer’s expectations. Model X deliveries have yet to keep pace with the Model S, as Musk predicted, ...

Bloomberg In the diamond industry, the only place that really matters is the US, and the market is starting to look a little shaky. In a country where consumers buy almost half the world’s gems, Tiffany & Co. and Signet Jewelers Ltd. this week reported disappointing sales. That’s a blow to expectations that President Donald Trump’s pro-business policies would give ...