News

  Bloomberg Amundi SA agreed to buy Pioneer Investments from Italy’s UniCredit SpA, accelerating the French investment company’s growth in the US and European markets including Germany and Austria. Amundi will pay about 3.5 billion euros ($3.7 billion) in cash, the Paris-based company controlled by Credit Agricole SA said in a statement on Monday. It will pay for the purchase ...

  LONDON / AP Like many foreign scientists in Britain, Joanna Bagniewska was devastated when Britons voted to leave the European Union. The biology lecturer, a Polish migrant who found Britain a welcoming place to build her academic career over a decade, is suddenly seeing her job security and research prospects up in the air. “I’m worried that after my ...

  Bloomberg 21st Century Fox Inc. and Sky Plc executives are working with their advisers to nail down final terms of an 11.2 billion-pound ($14.1 billion) deal that would consolidate Rupert Murdoch’s television empire across two continents. Fox’s co-chairmen, the 85-year-old media baron and his son Lachlan, have been intimately involved in discussions to purchase the 61 percent of UK ...

  ABU DHABI / WAM The United Arab Emirates (UAE) strongly condemned Sunday’s terrorist attack, which targeted the Saint Mark’s Coptic Cathedral in the Abbasiya district in the Egyptian capital Cairo. The blast killed scores of innocent people. HH Sheikh Abdullah bin Zayed Al Nahyan, Minister of Foreign Affairs and International Cooperation, emphasised that the leadership, government and people of ...

  ABU DHABI / WAM Abu Dhabi General Services Company, (Musanada) is currently providing management services to 2,713 facilities and buildings across the emirate of Abu Dhabi, in addition to operating a 24/7 customer service call centre, the company said on Sunday. “Musanada’s facility-management division follows highest international and local standards to ensure provision of best services and operation of ...

  Dubai / Emirates Business Dubai SME, the agency of the Department of Economic Development mandated to develop the Emirate’s small and medium enterprise (SME) sector, and Al Tamimi & Company, the largest law firm in the Middle East which specialises in patents and innovations, have signed a memorandum of understanding (MoU) to support entrepreneurial innovations and patents. The MoU ...

  Dubai / Emirates Business Jumeirah Golf Estates announced the launch of an in-house leasing brokerage and resale services, enabling buyers and leasers to deal directly with the developer as it enhances its personalized service offering. Expanding its remit from developer and community manager to encompass this new function, Jumeirah Golf Estates will now offer leasing brokerage and resale services ...

  Abu Dhabi / Emirates Business The Global Summit of Women Speakers of Parliament represents a significant achievement by the UAE Federal National Council and reflects the country’s support for global dialogue, said HH Sheikha Fatima bint Mubarak, Chairwoman of the General Women’s Union, Supreme Chairwoman of the Family Development Foundation, and President of the Supreme Council for Motherhood and ...

  Sharjah / Emirates Business ‘Sharjah Land’, Sharjah Department of eGovernment’s (DeG’s) first-ever augmented reality project in aiding the younger generations learn their civic responsibilities through digital interaction, has been making a stir since its launch at GITEX Technology Week in October. The game’s principal architect and DeG’s Director, Noor Ali Al Noman, was recently recognised and honoured by the ...

  Dubai / WAM Dubai Electricity and Water Authority (DEWA) reached financial closure for the 2,400MW Hassyan clean coal power project. The project uses the Independent Power Producer (IPP) procurement model on a Build Own Operate (BOO) basis and is supported by a 25-year Power Purchase Agreement (PPA) with DEWA. Last June, DEWA signed the PPA, Shareholders Agreement, SHA, and other ...