News

  Bloomberg The European Commission fired a warning shot across Theresa May’s bow after her government decided to seek a tailor-made Brexit deal on its own terms, saying that the U.K. could not pick and choose the conditions it preferred. The British premier earlier this week set out the first of her red lines for Brexit negotiations, saying she wanted ...

  Bloomberg The US Food and Drug Administration has banned several key chemicals in antibacterial hand soap, warning of health risks and saying they were not more effective than the ordinary soap. The FDA move took aim at 19 ingredients including the two most common, triclosan and triclocarban, which are widely included in liquid and bar antibacterial soaps despite fears ...

  Bloomberg A majority of French say that economic and social issues should be the top priority for candidates in next year’s presidential election, an Elabe poll showed. About 64 percent of voters say the economy and social matters are more important than questions about the French identity and security in the presidential campaign, according to a poll of 1,002 ...

  Bloomberg The European Commission said Germany requested that it mediate a dispute with Italy over whether Fiat Chrysler Automobiles NV’s vehicles breached emissions rules. “We will now assist the German and Italian authorities to the extent possible with a view to facilitating a common understanding of the car manufacturer’s compliance, or lack thereof,” commission spokeswoman Lucia Caudet said by ...

  Emirates Business A survey of home buyers and investors across the GCC and Egypt has shown that real estate is the number one preferred investment, underlining the buoyancy of the regional property market. The Real Estate Barometer study, conducted by global market research company YouGov in partnership with Cityscape Global, revealed that more than half of respondents (54%) would ...

  Emirates Business Bloom Properties, a Bloom Holding business specializing in the development of integrated and sustainable communities, has announced a mixed-use project in Jumeirah Village Circle (JVC) in Dubai, marking the Abu Dhabi-based master developer’s foray into mid-market housing in the Emirate. Located in the heart of new Dubai, Jumeirah Villa Circle is a family-friendly development designed to provide ...

  Emirates Business Economic growth, rising tourism, and the completion of several mega projects, are the key drivers of the UAE’s professional AV (audio visual) market, with demand for related equipment and services estimated to grow by nearly eight per cent over the next two years, new research has revealed. According to a report by Euromonitor International (EMI), the UAE’s ...

  REUTERS Saudi Basic Industries Corp (SABIC) expects its coal-to-chemicals project in China with Shenhua Ningxia Coal Industry Group to cost $3-4 billion, its acting CEO told Al Arabiya TV. “The project is approximately $3-4 billion and we expect it to be ready in 2020,” Yousef al-Benyan said. SABIC signed the agreement in May. The joint project would be a ...

REUTERS Kunooz Oman Holding, one of the country’s major mining, quarrying, transportation and construction materials groups, plans an initial public offer of its shares in the first half of 2017, chairman Salim Abdullah al-Rawas said on Thursday. He told a news conference that the company had obtained initial approval from Oman’s securities regulator to offer at least 25 percent of ...

  REUTERS Oil settled up nearly 3 percent after a weak U.S. jobs report hurt the dollar and boosted commodities, but crude prices still ended the week sharply lower on concerns about oversupply. U.S. employment growth eased more than expected in August after two straight months of robust gains, the report showed. That initially led to doubts that the Federal ...