News

  Abu Dhabi Emirates Business Abu Dhabi Ports (ADP), the master developer, operator and manager of the Emirate’s commercial and community ports as well as Khalifa Industrial Zone, and Integral Plastic Industries Co. LLC on Tuesday signed a Musataha agreement to build a new manufacturing plant in Khalifa Industrial Zone (KIZAD) with an investment of AED10 million. The agreement was ...

  Dubai / Emirates Business The Sustainable City received the Vice President of Uruguay, H.E. Raúl Fernando Sendic Rodríguez recently, the region’s first fully sustainable community hosted a big commercial delegation that included, H.E. Dr. Nelson Yemil Chaben Ambassador of Uruguay to the UAE, Mr. Daniel Fernández, Vice-president ´s Chief of Staff, Mr. Carlos Fagetti, General Director of the Ministry ...

  Dubai / Emirates Business The UAE’s existing and new generation theme parks will attract more than 19 million admissions a year by 2020 if current trends continue, according to data released by Colliers International ahead of Arabian Travel Market 2017. The prediction is made using existing admissions and arrivals data for Yas Island’s Ferrari World and Waterworld and Dubai’s ...

  Tunis / AFP Qatar and France promised more than a billion dollars in financial support for Tunisia at an investment conference on Tuesday aimed at reviving the country’s struggling economy. Nearly six years after its Arab Spring revolution, Tunisia hopes the meeting will help it confront challenges including high unemployment, low growth and a tourism sector hammered by jihadist ...

  DOHA / Reuters Qatar Navigation (Milaha) and Qatar Ports will start a joint venture to operate Qatar’s Hamad Port in Doha, Milaha’s Chairman Sheikh Ali bin Jassim bin Mohammad al-Thani said on Tuesday. The venture, QTerminals, will have a proposed 100 million riyals ($27.5 million) in capital, Qatar’s transport minister told reporters on the sidelines of a signing ceremony ...

  Bloomberg Samsung Electronics Co. didn’t quite come out and actually say it, but South Korea’s most valuable company is probably going to split as soon as next year. Samsung said on Tuesday it’s looking at a plan to turn itself into a holding company, and would have more to say on the issue at a later date. The idea ...

  Bloomberg Tiffany & Co. reported third-quarter profit that exceeded analysts’ estimates as demand improved in China and Japan, a sign that the worst of the global luxury market’s downturn may be over. Earnings were 76 cents a share in the period ended Oct. 31, the New York-based company said in a statement on Tuesday. Analysts projected 68 cents, on ...

  Bloomberg The brawl atop India’s largest conglomerate isn’t just splitting the $100-billion Tata Group, it’s also forcing the nation’s business community to pick sides. That’s because many of India’s industry captains are board members at Tata’s dozens of units. They include the heads of the nation’s oldest conglomerate — the Wadia Group — top mortgage provider Housing Development Finance ...

  Bloomberg China’s government is stepping up efforts to contain runaway property prices, with the central bank clamping down further on mortgage lending in areas deemed overheated, people with knowledge of the matter said. Some lenders in those cities have been asked to suspend distributing new home loans, said the people, who asked not to be named as the change ...

  Bloomberg New Zealand is seeking to offset its global warming emissions by investing almost $5 billion in green projects overseas, saving six times that figure to meet its Paris climate commitments. Climate Minister Paula Bennett sounded out countries willing to sell emission-reduction credits as she met them at the United Nations climate talks in Morocco this month, she said ...