News

  Abu Dhabi / Emirates Business Innovative lighting technologies have drastically changed the future of the lighting industry. The influence of new trends such as smart lighting and connected lighting have reshaped various lighting categories – architectural, indoor, outdoor, residential and street lighting, to name a few. Further, industry reports indicate that the residential market is the largest market sector ...

  WAM The Roads and Transport Authority (RTA), represented by a delegation from the Licensing Agency, has attended the conference held by the International Commission for Driver Testing (CIECA) in Madrid, Spain. The event focused on the best practices adopted in training, qualifying and licensing of drivers, and sharing expertise with the Licensing Agency. The overall objective of the event ...

  Emirates Business Over 100 baskets of dabbas were lined up on tables, awaiting judgement for the tastiest, healthiest and the best looking date. This variety of date, especially popular in Liwa oasis, was the first of the 10 ratab — half ripen dates — competitions to start the 12th annual Liwa Dates Festival. Organised by the Cultural Programmes and ...

  Emirates Business Visitors to Al Majaz Waterfront in Sharjah can enjoy a host of new activities on offer, with the premier tourist and leisure destination having commenced its exciting ‘Summer Fun’ annual programme which will run every weekend (on Thursday and Friday) until the end of August. Starting on the first day of Eid Al Fitr, Summer Fun at ...

  Bloomberg The thwarted coup attempt in Turkey is leaving derivatives traders with little doubt the country’s three-year sojourn in investment grade is coming to an end, potentially triggering a fire sale of almost $9 billion of bonds. In the three trading days since President Recep Tayyip Erdogan survived a bid by a faction of the military to depose him, ...

  Bloomberg Daimler AG maintained the profitability of its Mercedes-Benz Cars unit in the second quarter even as it spent money to introduce a new version of the E-Class sedan, a model it said will help boost returns the rest of the year. Adjusted for special items, the return on sales was 10 percent at the division, which includes the ...

  Bloomberg The U.K. economy may be heading for its first recession since 2009, with economists slashing their forecasts in the wake of the Brexit vote and now seeing two quarters of contraction this year. While the 0.1% decline in gross domestic product anticipated in each of the third and fourth quarters is modest, it will mark the end of ...

  Bloomberg French executives brushed aside concerns about the U.K. vote to leave the European Union, reporting improving confidence in the first major survey of business sentiment since the British referendum. Business sentiment rose two points to 102 in July, while sentiment among manufacturing executives climbed one point to 103, national statistics office Insee said Thursday. The increase suggests that ...

  Bloomberg Galenica AG, the owner of Switzerland’s biggest pharmacy network, agreed to buy Relypsa Inc. for about $1.53 billion to gain a new medicine and a commercial network in the U.S. The Swiss company will pay $32 per share in cash for Redwood City, California-based Relypsa, it said in a statement on Thursday. That’s 59 percent above yesterday’s closing ...

  Bloomberg Exxon Mobil Corp. has a clear path to expanding its reach in Papua New Guinea after its rivals said they wouldn’t counter a $2.5 billion bid for gas explorer InterOil Corp. Oil Search Ltd. and Total SA had offered to buy InterOil in May in a deal that valued the company at $2.2 billion. Exxon topped it with ...