News

  Bloomberg Volkswagen AG is facing renewed pressure to repair the damage caused by its diesel emissions scandal, with the European Union calling on the carmaker to start compensating affected consumers and show clear proof that vehicles will be fixed within the coming year. VW “should clearly identify what will be offered to consumers and this in a similar manner” ...

  Brussels / AFP Belgium is unable to sign off on a landmark EU-Canada free trade deal after Wallonia and other regional administrations refused to give the federal government the go-ahead, Prime Minister Charles Michel said on Monday. “We are not in a position to sign CETA,” Michel said after brief talks with Belgium’s regional leaders in Brussels broke up ...

  Bloomberg A property company managed by Schroders Plc is bidding for an office building in Frankfurt, anticipating the banking fallout from Brexit will boost values in the German financial center. The London-based property investor isn’t alone preparing for an exodus from the British capital, with both CBRE Global Investors LLC and Standard Life Plc seeking to purchase office space ...

  Dubai / WAM Expo 2020 Dubai announced on Monday Luxembourg as one of the first countries to formally confirm its participation, raising to 70 the national commitments received from countries from all around the world. The agreement was made at a meeting with HH Sheikh Ahmed bin Saeed Al Maktoum, Chairman of the Expo 2020 Dubai Higher Committee, during a ...

  Dubai / Emirates Business A high profile delegation comprising 25 delegates from Thrissur Chamber of Commerce, India, under the leadership of its President TS Pattabhiraman, Chairman and Managing Director, Kalyan Silks held a high level discussion with officials from Dubai Chamber of Commerce on Monday in Dubai. Announcing this in a press release, Pattabhiraman said that the team from ...

  Abu Dhabi / WAM India’s solar power industry will showcase an unprecedented range of investment opportunities at the World Future Energy Summit (WFES) 2017 in Abu Dhabi, after the Indian government recently outlined plans to add an additional 175 GW of renewable energy to the nation’s electricity supply by 2022. The Indian Ministry of New and Renewable Energy (MNRE) is ...

  Dubai / Emirates Business Under the patronage of Her Highness Sheikha Latifa Bint Mohammed Bin Rashid Al Maktoum, Vice Chairman of the Board of Directors, Dubai Culture & Arts Authority, TECOM Group, part of Dubai Holding, the leading global investment group, and Dubai Creative Clusters Authority announced the establishment of Dubai Institute of Design and Innovation (DIDI). Considered a ...

  Dubai / Emirates Business Dubai Electricity and Water Authority (DEWA) organised a number of innovative and interactive activities at Festival City Mall for three consecutive days, in conjunction with World Energy Day, endorsed by HH Sheikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai, along with representatives of 54 countries, in ...

  Dubai / Emirates Business Despite a softening in some markets of the GCC construction sector, and slow global oil price recovery, retail industry in the region is expected to see yearly growth between 7 to 12 percent, this on the back of expansions in leisure facilities like theme parks, new malls, as well as mega events like Expo 2020, ...

  Fujairah / Emirates Business Danube Home, the retail wing of UAE-based Danube Group, announced the opening of a newly refurbished store in Fujairah, UAE. The new addition to the diverse Danube Group portfolio is in line with its aggressive expansion plan undertaken to meet the increased demands of customers and to strengthen its foothold in the GCC Market. The ...