News

  Bloomberg Williams Cos. said Energy Transfer Equity LP is breaching a merger agreement “through a pattern of delay and obstruction” and asked a court in Delaware to prevent the pipeline operator from terminating the deal. Energy Transfer — which offered $43.50 a share, or $37.7 billion, for rival Williams in September — said May 5 that the multibillion-dollar takeover ...

  SANTO DOMINGO / AP Dominicans faced a dizzying array of choices on Sunday in one of the most complex ballots in recent history, with eight candidates for president, all 222 members of Congress up for re-election and thousands of people vying for local offices around the country. For many voters it amounts to a referendum on whether to let President ...

  Bloomberg GN Store Nord A/S, the world’s third-largest listed producer of hearing aids, signed a conditional agreement to buy Audigy Group LLC in a deal that could value the U.S. audiology and hearing services company at as much as $151 million. GN will pay $91 million up front and as much as $60 million more depending on Audigy’s financial ...

  Bloomberg Venezuelan President Nicolas Maduro announced undefined “military exercises” for the embattled nation, just a day after pledging to prolong his government’s special emergency powers. Speaking in Caracas’s Ibarra Square after a march on Saturday by several hundred supporters, Maduro said his opponents are orchestrating foreign military intervention in Venezuela. Exercises by the army and militia groups would prepare ...

  Bloomberg Federally mandated ethanol blending is adding extra pressure to the faltering profits of U.S. refiners. The worst crude oil downturn in a generation, which at first helped refiners’ profits, has now passed through to the fuel prices. Now, gasoline is cheaper than the ethanol that refiners have no choice but to use. Ethanol averaged 30 cents above gasoline ...

  RITIKA SHARMA / Emirates Business “It is a big concern that in UAE the percentage of graduating women is 51% while the percentage of those working is only 18%. Such high number of skilled women only translates to such low number of them in workforce. It is high time we find solutions to such a major workforce difference,” Fadi ...

  Ras Al Khaimah / Emirates Business RAK Ceramics PJSC (Ticker: RAKCEC: Abu Dhabi), one of the world’s largest hi-tech manufacturers of lifestyle ceramics solutions, on Sunday announced its results for the first quarter ended March 31. RAK Ceramics delivered a 10.8% increase in net profit to AED 65.9 million (Q1 2015: AED 59.5 million) for the period despite heightened ...

  Sunaina Rana / Emirates Business Social media is emerging as the biggest element in endorsing digital marketing. As the industry moves fast forward towards industrialisation, Liana Technology, a leading cloud-based digital marketing and communications Company, has launched an innovative social media monitoring tool. LianaMonitor is a cloud-based tool that will monitor the online media and social media for the ...

  Dubai / Emirates Business NavLink, an AT&T affiliated company, has announced the launch of its Disaster Recovery as a Service (DRaaS) in UAE and the Gulf region. NavLink’s continuous expansion of services enables it to provide more holistic solutions to its customers. Disaster Recovery as a Service is an innovative, cloud-based, enterprise-grade replication solution to meet the needs of ...

  ALKESH SHARMA / Emirates Business UAE’s real estate industry is gradually bouncing back, especially sale-purchase segment. Market pundits have observed a good rise in the property buyers’ interest that has been recorded at maximum levels in the last couple of years. Industry experts maintained that upcoming mega events in the region, including Expo 2020 and FIFA World Cup, have ...