News

Dubai / Emirates Business Dubai-based company to provide integrated FM services for branches of Emirates Post Group (EPG) throughout the UAE Imdaad, the GCC’s leading integrated facilities management (FM) company, based in Dubai, signed AED6 million deal with EPG. The one-year contract, with the option to extend by another two years, will see Imdaad deliver specialized integrated FM services in EPG’s ...

Dubai / WAM Five new global companies have signed up to be part of Jafza’s Tumoohi (my ambition) programme that provides UAE nationals with work experience and employment opportunities. DP World Group Chairman and CEO Sultan Ahmed bin Sulayem signed a series of agreements with Michelin, Danube Group, Transworld Logistics, Conares and Al Dobowi recently bringing the total number of ...

Dubai / Emirates Business Lieutenant General Dahi Khalfan Tamim, Head of Security for Dubai on Sunday opened the 4th Gulf Information Security Expo and Conference (GISEC) – the Middle East’s largest cybersecurity event – which is running concurrently with the Internet of Things Expo (IoTx) 2017 at Dubai World Trade Centre (DWTC) from May 21-23. The three-day GISEC event has ...

Dubai / Emirates Business Dubai Police has welcomed a new member on to its force. He doesn’t need a visa, medical insurance or hours of training, and he is ready to engage with Dubai’s residents and millions of tourists across the city’s streets. The world’s first operational robot policeman, officially joined the line of duty on Sunday, greeting guests at ...

AJMAN / Emirates Business In line with its global outreach strategy to secure new investments, Ajman Free Zone on Sunday announced that it has opened a representative office in Cyprus and has also entered into an alliance with Freemont Group, a business and corporate consultancy with offices in both Nicosia and the UAE. In a statement, the free zone said ...

Bloomberg BHP Billiton Ltd. is considering further sales of its US shale gas assets as it fends off the second round of attack from activist hedge fund Elliott Management Corp. over the future of the energy business within the world’s biggest mining company. “If there is a natural owner out there who believes more upside can be achieved within this ...

Bloomberg Chevron Corp.’s Gorgon liquefied natural gas plant shut a produ-ction train for about a month, at least the eighth outage since operations started 14 months ago at the most-expensive project in the company’s history. Train 1 at the $54 billion project on Barrow Island off northwest Australia shut last week to replace a failed flow-measurement device, Cameron Van Ast, ...

Bloomberg The worst may not be over for Chinese corporate bonds as the government pushes ahead with its campaign to reduce leverage in the debt market, according to investors including Invesco Ltd. The crackdown on the use of borrowed money to invest in financial assets has led to Chinese companies canceling 184 billion yuan ($27 billion) of bond sales this ...

Bloomberg Takata Corp., which is seeking a buyer following the auto industry’s biggest ever safety recall, surged the most in four months after some car makers reached settlements worth $553 million to resolve economic-loss claims tied to the company’s faulty products. Toyota Motor Corp., Subaru Corp., Mazda Motor Corp. and BMW will reimburse out-of-pocket expenses, provide loaners to some vehicle ...

Bloomberg SoftBank Group Corp. and Saudi Arabia formally announced the first round of capital commitments for the largest- ever technology investment fund, as founder Masayoshi Son seeks to accelerate his financing of cutting-edge technologies and startups. More than $93 billion has been secured from backers led by the Japanese company and Saudi Arabia’s Public Investment Fund, SoftBank said in a ...