News

  Sharjah / Emirates Business Tilal Properties, a leading Sharjah-based real estate developer and the first to develop freehold and leasehold properties in the emirate, is set to showcase its flagship projects at Cityscape Jeddah 2016, taking place from November 2-4 at Jeddah Centre for Forums and Events. At the forefront of its participation, the latest updates, designs and progress ...

  Dubai / Emirates Business Dubai Trade, the single window for cross-border trade and smart trading solutions, and Imdaad, a leading provider of integrated facilities management solutions in the GCC, have announced the integration of Imdaad’s website and Dubai Trade’s secured e-Payment gateway, ‘Rosoom’. Almost 3,000 of Imdaad’s customers can now process payments online eliminating the need to visit its ...

  Dubai / Emirates Business Dubai International Financial Centre (DIFC), the global financial services hub connecting businesses and institutions with emerging market opportunities across the Middle East, Africa and South Asia (MEASA) region, on Saturday announces the addition of Geneva-based Pictet Asset Management, a leading asset management company for institutional clients. A subsidiary of the Pictet Group, Pictet Asset Management ...

  Dubai / WAM In a nation-wide Can Collection Drive, the Emirates Environmental Group, collected on Saturday 6,250 kg of Aluminum Cans. Through this collection EEG has managed to mitigate 364 MTCO2 emissions and saved 589 cubic meters of landfill space. In its 20th year the Drive acts as a flagship programme to the Can Collection Campaign. The EEG organised and ...

  Bloomberg Senior officials from Italy, Greece, Cyprus and Israel agreed to advance talks on a pipeline from Israel to Europe after an EU-sponsored study showed the project would be “very feasible,” Israel’s Energy Minister Yuval Steinitz said in an interview. The study showed the pipeline, which would traverse Cyprus and Greece before reaching Italy, would cost about 5 billion ...

  CAIRO / Reuters Egyptian property company Palm Hills expects to sign a revenue-sharing deal with the government this year to develop what would be the country’s second-largest real estate project, one of its co-chief executives said. The country’s property sector has boomed in recent years as the population grew to more than 91 million, with demand driven higher by ...

  Brussels / AFP Belgium on Saturday officially signed the landmark EU-Canada trade accord after a drama that saw Belgian regions threaten to torpedo years of negotiations. “Nothing is simple in Belgium but few things are impossible,” tweeted Belgian Foreign Minister Didier Reynders after signing the pact on behalf of his country. EU Trade Commissioner Cecilia Malstrom, who negotiated the ...

  Bloomberg Volkswagen AG’s worker representatives will block investment decisions unless the German carmaker’s management commits to production programs that secure jobs, top labor leader Bernd Osterloh said in an interview. The hard-line stance sets up tense negotiations in the coming weeks over the so-called Future Pact. The labor agreement at Volkswagen’s namesake brand is aimed at cutting costs to ...

  Bloomberg The Brexit squeeze on UK consumers tightened as Apple Inc. and Electrolux AB responded to the falling pound by charging more for their products in Britain. Apple quietly raised the cost of some of its machines including the “Mac Pro” by 20 percent overnight, while Sweden’s Electrolux said it’s boosting the prices of its home appliances by 10 ...

Bloomberg Exxon Mobil Corp. warned it may be facing the biggest reserves revision in its history as production sank to a seven-year low and profit slid amid a prolonged slump in energy markets. About 3.6 billion barrels of reserves in the Canadian oil sands and the equivalent of another 1 billion barrels of oil in other North American fields may ...