News

  Bloomberg Italian Transport Minister Graziano Delrio dismissed Germany’s demands to recall Fiat Chrysler Automobiles NV cars for alleged pollution violations as “completely unacceptable,” refusing to give in after months of pressure over emissions standards. “Our tests demonstrate that there are no illegal devices or abnormal procedures” involving Fiat Chrysler vehicles, Delrio told Italy’s RAI3 state television channel on Sunday ...

  Bloomberg Acacia Mining Plc jumped in London trading after the gold miner confirmed it is in early-stage talks with rival Africa-focused producer Endeavour Mining Corp. about a possible merger of the two companies which have a combined value of about $4 billion. Acacia, which mines the precious metal in Tanzania, jumped as much as 7.7 percent to the highest ...

  Bloomberg BMW AG sought to defuse potential tensions with President-elect Donald Trump by noting its factory in the US is its largest in the world and that a new, smaller factory in Mexico will make cars for its global customers and not just Americans. Trump singled out BMW in an interview with German newspaper Bild on Sunday, saying the ...

  Bloomberg Atlas Copco plans to break itself up and list its mining tools business in the biggest-ever shakeup of the Swedish company that could spark takeover interest. A newly created company with annual sales of about 28 billion kronor ($3.1 billion) will focus on mining and construction-equipment making, and will be spun off to shareholders in a tax-free distribution, ...

  ABU DHABI / Emirates Business Abu Dhabi National Exhibitions Company (ADNEC) on Sunday unveiled the official platforms and hashtags of the International Defence Exhibition & Conference (IDEX 2017) and Naval Defence Exhibition (NAVDEX 2017) on key social media platforms. For IDEX 2017, ADNEC has selected #IDEXUAE as the official English hashtag and #NAVDEXUAE as the official English hashtag of ...

  ABU DHABI / Emirates Business Masdar Institute of Science of Technology, an independent, research-driven graduate-level university focused on advanced energy and sustainable technology, on Sunday announced Mubadala Development Company (Mubadala) will pledge to support the Institute’s Young Future Energy Leaders (YFEL) 2017 program as part of its drive to build capable future leaders. Mubadala has committed to support the ...

  DUBAI / WAM Nakheel announced an invitation to submit construction proposals for Deira Islands Boulevard, its new, AED5 billion community for 10,000 people, to be built at Deira Islands in Dubai. Nakheel announced that it will release a tender this week for the construction of 2,924 apartments and townhouses in 16 residential towers spread across four clusters, each containing ...

  Abu Dhabi / WAM Abu Dhabi Ports signed a Musataha Agreement with Khalidia International Shipping, a subsidiary of Emirates Business Group (EBG) to set up a third-party logistics (3PL) warehouse with a total investment of AED80 million in KIZAD, the Khalifa Industrial Zone’s trade and logistics cluster. The agreement was signed by Mohamed Abdul Jaleel Al Blooki, Chairman of the ...

  Dubai / WAM The number of passengers through the Dubai air, land and sea ports over the past year had reached about 52 million passengers, according to the statistical report issued by the General Directorate of Residency and Foreigners Affairs-Dubai (GDRFA). Major General Mohammed Ahmed Al Marri, Director -General of the GDRFA said that the passenger traffic through Dubai International ...

  Vatican City / WAM Pope Francis praised the policy of tolerance pursued by the wise leadership of the UAE in promoting the values of tolerance, compassion and cooperation. The statement was issued during the official visit of Dr. Hessa Abdullah Al Otaiba, UAE Ambassador to Spain, at the invitation of His Holiness Pope Francis for the annual meeting of the ...