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Bloomberg In 2014, UK builder Carillion Plc was riding high: it had just won a $434 million contract to build the Royal Liverpool Hospital and was attempting to snap up its struggling rival Balfour Beatty Plc for about $2.6 billion. Three years later, and the former Tarmac business is on life support. Carillion has lost 70 percent of its market ...

Bloomberg The Trump administration took its case directly to US governors that the pending Senate health-care bill won’t hurt their residents with insurance, even as critics say it will cut billions in funding and leave millions more people without coverage. “You listen to one side, and they said, ‘Your funding’s not going to be decreased,”‘ said Nevada Governor Brian Sandoval, ...

Bloomberg AT&T Inc. is planning major organizational changes to follow the $85.4 billion acquisition of Time Warner Inc., including a redefined role for Chief Executive Officer Randall Stephenson, as the telecommunications giant morphs into a media company. Stephenson will oversee a pair of CEOs who will independently manage the company’s telecommunications and media businesses, according to people familiar with the ...

DUBAI / Emirates Business The market revenue for materials handling equipment in the GCC, which was worth $3.78 billion in 2014, is set to maintain a CAGR of over 4 percent while reaching an estimated $4.8 billion to 5 billion in revenues by 2020. Saudi Arabia, with about 46% and the UAE with 35%, make up the largest markets in ...

NEW YORK / WAM Even though investments towards sustainable development in developing countries have fallen short by nearly $2.5 trillion each year, emerging financial products and encouraging policies illustrate that both public and private sectors are serious about correcting that trend, the United Nations environment arm has said. In its new report on green finance, the UN Environment Programme (UNEP) ...

Abu Dhabi / Emirates Business Abu Dhabi Airports Company (AUH) is holding a two-day recruitment event to find 75 ‘Customer Happiness Ambassadors’ to work across the terminals at Abu Dhabi International Airport. On July 17 and 18, UAE nationals aged 18 and above are being invited to attend Abu Dhabi Airports’ recruitment open days to discover more about the job ...

DUBAI / WAM The Ministry of Finance (MoF) and the Federal Authority for Government Human Resources have launched the first phase of the ‘e-link’ project between the Financial Planning System, the electronic federal budget, “Hyperion”, and the Human Resources Information Management System in the Federal Government, “Bayanati”. The project has been launched to enhance financial planning and cash forecasts, support ...

DUBAI / WAM A delegation from the Roads and Transport Authority (RTA) headed by Mattar Al Tayer, Director-General and Chairman of the Board of Executive Directors of RTA, visited France to check on the progress of work in the manufacturing of 50 new trains for the Dubai Metro. These trains will be supplied by the French Alstom Company as part ...

ABU DHABI / WAM Abu Dhabi Quality and Conformity Council (QCC), the entity responsible for developing quality infrastructure in the emirate of Abu Dhabi, has signed two cooperation agreements with Abu Dh- abi Distribution Company (ADDC) to issue conformity certificates for Low Voltage Switchgear (LVSG) products as well as for the services offered by personnel performing wiring installation work. Under ...

DUBAI / Emirates Business Dubai’s DIFC Courts have been recognised by the world’s largest organisation of court management professionals for their work to improve access to justice through the application of technology. The DIFC Courts’ new Smart Small Claims Tribunal (SCT), which enables parties to access justice from anywhere in the world, was selected as a one of the year’s ...