News

  Bloomberg Downer EDI Ltd., the Australian engineering and infrastructure management company, offered to buy Spotless Group Holdings Ltd. in a cash deal valuing the company at A$1.26 billion ($974 million) as it continues to diversify from resources following the mining-investment boom. Downer offered A$1.15 per share for the Melbourne-based cleaning and catering services firm, according to a statement on ...

  Bloomberg TPG, the US alternative-investment firm that oversees more than $74 billion, sees opportunities in health care and microlending in Asia to meet untapped demand in some of the world’s fastest-growing economies. The region is short of quality health-care infrastructure, Jim Coulter, TPG’s co-founder and co-chief executive officer, told a Bloomberg private equity forum in Mumbai. In India, industries ...

  Bloomberg PPG Industries Inc. is preparing a renewed takeover bid for Akzo Nobel NV, according to people familiar with the matter, taking a second run at Europe’s largest coatings company after a previous offer was rejected. Exact details of the new proposal couldn’t immediately be learned. Akzo rebuffed PPG’s unsolicited 20.9 billion-euro ($22.4 billion) takeover bid on March 9, ...

  ABU DHABI / WAM Total energy investments in the Middle East and North Africa could approach the US$1 trillion mark over the course of five years, according to the latest edition of the MENA Energy Investments Outlook published by the Arab Petroleum Investments Corporation (APICORP). This is in spite of uncertainties that have been clouding the regional outlook. While ...

  ABU DHABI / Emirates Business Aldar Properties PJSC (“the Company”), Abu Dhabi’s leading listed property development, investment and management company, announced details of its current investment programme. This programme will expand Aldar’s asset management portfolio, driving growth of recurring revenue. The investments announced comprise mid-market residential, hospitality & leisure, and retail assets on Yas Island and Reem Island. They amount ...

  DUBAI / Emirates Business UAE will play a pivotal role in the global billion dollar theme park and amusement industry as per International Expo Consults, the organisers of the DEAL 2017 show. UAE is set to trigger the theme park revenue growth as it is set to increase by 78 per cent to US$837 million by 2019 as per ...

  DUBAI / WAM Under the patronage, and in the presence of Sheikh Nahyan bin Mubarak Al Nahyan, Minister of Culture and Knowledge Development, the 2nd Annual All India Management Association (AIMA), India-UAE Conference was held on Monday in Dubai. The event was organised under the theme, “Resetting Globalisation: Collaborating in a Fast Changing World”. Sunil Kant Munjal, President of ...

  Dubai / WAM More than 900 brands and companies are participating in the 23rd edition of the Middle East and Africa’s largest broadcast digital media and satellite expo, CABSAT 2017, which opens on Tuesday at Dubai World Trade Centre (DWTC). In addition to scores of new-to-the-show broadcast and production companies, content studios and distributors, telecommunication companies, cable TV and satellite ...

  Abu Dhabi / WAM The UAE has been ranked the happiest Arab country, and the 21st happiest in the world in the UN Sustainable Development Solutions Network’s World Happiness Report 2017 rankings, based on data from the Gallup World Poll. The report, issued by the Earth Institute at Columbia University to celebrate the International Day of Happiness, finds the UAE ...

  Dubai / WAM The National Committee for the Year of Giving held a press conference on Monday to highlight the local initiatives and programmes that have been launched in order to consolidate the culture of giving and goodness generosity throughout the UAE. The initiatives focus on instilling the culture of giving in across various communities, individuals and institutions, including the public ...