News

Bloom Properties awards main contract for Saadiyat ‘Park View’

  ABU DHABI / Emirates Business Bloom Properties — a Bloom Holding subsidiary dedicated to developing sustainable and integrated urban communities — awarded the main contracting works of ‘Park View’ mixed-use development on Saadiyat in Abu Dhabi to Tharwaa / Al Mansouri 3B Joint Venture. With enabling works for Park View in final stages of completion, site mobilization has also commenced. ...

Read More »

New accounting and finance qualification courses in UAE

  Dubai / Emirates Business AAT (the Association of Accounting Technicians), a globally-recognized player in the accounting and finance sector, has joined forces with PAC Professionals & Accountancy Center Dubai to deliver AAT’s highly respected and internationally recognized accounting and finance courses in the UAE for the first time. With over 130,000 members in more than 90 countries, courses offered ...

Read More »

‘Egypt needs $5-6bn in bilateral financing’

  CAIRO / Reuters Egypt’s preliminary deal for a $12 billion IMF loan programme can go to the board for approval only if the government secures $5-6 billion in bilateral financing for the first year, Chris Jarvis, the head of the IMF mission in Cairo, said. The International Monetary Fund (IMF) said earlier it had agreed in principle to grant ...

Read More »

Bahrain’s Investcorp sets sights on up to 6 new investments

  Reuters Bahrain-based Investcorp is aiming to make one to two new investments in the next year in each of its regions of the United States, Europe and the Gulf, Co-Chief Executive Rishi Kapoor said on Thursday. The investments will help contribute to Investcorp’s goal of more than doubling its assets under management in the next five to seven years ...

Read More »

Clintons made $10.6mn in 2015, paid $3.6mn tax

  Bloomberg Democratic presidential nominee Hillary Clinton and her husband, former president Bill Clinton, earned adjusted gross income of $10.6 million in 2015 and paid $3.6 million in federal income taxes, according to a tax return her campaign released as it sought to draw a contrast with her Republican rival, Donald Trump. Their income would place the Clintons well within ...

Read More »

Venezuela hikes minimum wage by 50% as inflation soars

  Bloomberg President Nicolas Maduro raised Venezuela’s minimum wage 50 percent and announced that his oil and foreign ministers will visit producer countries to lobby for price increases ahead of an informal OPEC meeting next month. The wage increase becomes effective Sept. 1, Maduro said, and applies to all workers earning minimum wages and all public employees, members of the ...

Read More »

Excessive heat warnings hit millions of Americans

  New York / AFP Millions of Americans will spend the weekend hot under the collar as soaring East Coast temperatures and stifling humidity slapped excessive weather warnings on New York and Philadelphia. The combination of heat and humidity would make it feel as hot as 110 degrees Fahrenheit (43 degrees Celsius) in the two cities. Temperatures would stay in ...

Read More »

UK vows to match EU funds, farm subsidies after Brexit

  London / AFP The British government pledged on Saturday to match European Union funding for farmers, universities and infrastructure projects following Brexit, as it sought to allay fears over key sectors. The commitment, intended to address uncertainty arising from the June 23 vote to quit the bloc, could cost £4.5 billion a year, finance minister Philip Hammond said. The ...

Read More »

UAE envoy, Belarusian minister discuss coop

  MINSK / WAM Ahmed Mohammed Al Tenaiji, UAE Ambassador to Belarus, discussed with Alexander Yaroshenko, Deputy Minister of Economy of Belarus, the economic relations between the two countries and ways to strengthen them in all fields. The two sides stressed during the meeting, which was held at the headquarters of the Ministry of Economy in Minsk, the need to ...

Read More »

ADB sells $1.3bn bonds to spur climate financing

  MANILA / WAM The Asian Development Bank (ADB) raised $1.3 billion to help finance climate change mitigation and adaptation projects with the issue of dual-tranche 3-year and 10-year green bonds, following its inaugural green bond issue in 2015. “Scaling up climate financing is essential for the region to keep its commitments to the Paris Agreement, adopted at last year’s ...

Read More »
Send this to a friend