News

  Bloomberg Toshiba Corp. has narrowed the number of bidders for its semiconductor business from about 10 interested parties to a smaller group that includes Taiwan’s Hon Hai Precision Industry Co. and Korea’s SK Hynix Inc., according to people familiar with the matter. The other remaining contenders include private equity firm Silver Lake Management and chipmaker Broadcom, which are collaborating ...

  Bloomberg The US dairy industry is appealing to President Donald Trump for help after Canadian companies halted some imports, exacerbating a glut of milk on the American side of the border and forcing one of the country’s biggest butter producers to scrap supply contracts with farmers. Some US dairy companies say that in the past week, they’ve lost all ...

  Bloomberg Twitter Inc. is dropping its free-speech lawsuit against the Trump administration over the government’s effort to unmask users critical of the president’s policies. Twitter said in a court filing, a day after it filed the case, that the US had withdrawn its summons to learn the identity of one of the so-called ALT handles purported to be the ...

  Dubai / Emirates Business P&O Ports, owned by the Government of Dubai, has won a 30-year concession for the management and development of a multi-purpose port project at Bosasso in the Puntland State of Somalia. The approximate investment for the modern multi-purpose facility will be USD336mn divided into two phases: $136 million for Phase 1 and $200 million for ...

  SHARJAH / WAM The Sharjah Electricity and Water Authority (SEWA) and the Sharjah National Oil Corporation (SNOC) discussed ways to jointly promote innovation and sustainable development in the emirate. This step aims to strengthen their strategic plans to preserve the environment, enhance Sharjah’s competitiveness and focus on the implementation of relevant research studies to apply the vision and guidance ...

  DUBAI / WAM The UAE, represented by the General Civil Aviation Authority (GCAA) together with state officials and representatives from the ICAO Member States, as well as regional and international organisations, acknowledged the “Dubai Declaration on Cyber Security in Civil Aviation”. President of ICAO Council Dr Olumuyiwa Benard Aliu made the announcement during the ICAO Cyber Summit & Exhibition, ...

  DUBAI / Emirates Business Ezdan Holding Group QPSC priced its 2nd Sukuk transaction, under its US$ 2bn Sukuk EMTN Programme established in 2016. The successful US$ 500 million 5 year Sukuk attracted an order-book of more than US$ 1.2 billion, with 129 investors from around 30 countries participating. Investors from the Middle East took 58% of the issuance, with ...

  DUBAI / Emirates Business Majid Al Futtaim, the leading shopping mall, communities, retail and leisure pioneer across the Middle East, Africa and Asia, announced the upcoming launch of Orbi, a supercharged indoor nature experience and a first in the Middle-East. Collaboratively developed by SEGA Holdings Co., Ltd. and BBC Worldwide, Orbi fuses BBC Earth’s world-leading nature content with SEGA’s ...

  Dubai / WAM The Middle East Film and Comic Con (MEFCC) officially opened its doors at the Dubai World Trade Centre (DWTC) on Thursday. Director General of the Government of Dubai Media Office (GDMO) Mona Al Marri officially opened the event at a ribbon-cutting ceremony, in the presence of CEO of Dubai World Trade Centre and Director General of Dubai’s ...

  Sharjah / WAM The Sharjah Electricity and Water Authority (SEWA) and the Sharjah National Oil Corporation (SNOC) discussed ways to jointly promote innovation and sustainable development in the emirate. This step aims to strengthen their strategic plans to preserve the environment, enhance Sharjah’s competitiveness and focus on the implementation of relevant research studies to apply the vision and guidance of ...