Bloomberg Acacia Mining Plc jumped in London trading after the gold miner confirmed it is in early-stage talks with rival Africa-focused producer Endeavour Mining Corp. about a possible merger of the two companies which have a combined value of about $4 billion. Acacia, which mines the precious metal in Tanzania, jumped as much as 7.7 percent to the highest …
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Abu Dhabi / WAM Abu Dhabi Ports signed a Musataha Agreement with Khalidia International Shipping, a subsidiary of Emirates Business Group (EBG) to set up a third-party logistics (3PL) warehouse with a total investment of AED80 million in KIZAD, the Khalifa Industrial Zone’s trade and logistics cluster. The agreement was signed by Mohamed Abdul Jaleel Al Blooki, Chairman of the …
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Abu Dhabi /Â WAM His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, welcomed on Sunday Nursultan Nazarbayev, President of the Republic of Kazakhstan, at Al Mushrif Palace in Abu Dhabi. Nazarbayev is currently on an official visit to the UAE. His Highness Sheikh Mohamed bin Zayed …
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Abu Dhabi / Emirates Business The 10thWorld Future Energy Summit (WFES) opens on Monday at the Abu Dhabi National Exhibition Centre (ADNEC), with the 2017 edition expected to be the biggest ever. Hosted by Masdar as part of Abu Dhabi Sustainability Week (ADSW), WFES drives the business case for sustainability, and is now firmly established as a leading global …
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Dubai / Emirates Business The Dubai Courts launched the third phase of ‘Aoun’, a leading initiative designed to provide financially challenged litigants with assistance under the supervision of a group of volunteer legal experts. This move complements the Courts’ efforts to support the national movement towards establishing the concept of giving as an inherent value within society in response …
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PARIS /Â AP Fearing a new eruption of violence in the Middle East, more than 70 world diplomats gathered in Paris on Sunday to push for renewed peace talks that would lead to a Palestinian state. The conference is meant to be a forceful message to US President-elect Donald Trump and Israeli Prime Minister Benjamin Netanyahu that much of the …
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Bloomberg Indian Prime Minister Narendra Modi’s disruptive cash ban is unlikely to damage his party’s performance in upcoming state polls. In fact, it might even help. Modi’s move to invalidate 86 percent of circulated currency in Asia’s third-largest economy forced millions of Indians into lengthy bank queues. It has also dented India’s world-beating growth as the country’s cash-dependent economy …
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Bloomberg China’s recent push to clean up its air is leaving some of its neighbours feeling threatened. The Asian country’s road to cleaner air has been gradual, with lead-free gasoline only becoming a requirement in 2000, almost three decades behind the US. This month, China imposed new curbs on the amount of sulfur in vehicle fuels to about a …
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Bloomberg The people who make some of Switzerland’s most expensive watches have a word of advice for the rest of the industry: Slow down. That might help avoid a repeat of the last two years, when watchmakers had to cut jobs and repurchase inventory after their rush into the Chinese market hit a wall. As more than two dozen …
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Bloomberg Takata Corp. admitted to hiding the deadly risks of its exploding air bags for about 15 years in an agreement to pay US regulators, consumers and car manufacturers $1 billion in penalties. The faulty air bags have been linked to at least 17 deaths worldwide. The Tokyo-based manufacturer also agreed to plead guilty to one criminal charge. The …
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