Uncategorized

Dubai / Emirates Business Majid Al Futtaim, the leading shopping mall, communities, retail and leisure pioneer across the Middle East, Africa and Asia, on Wednesday announced that it will provide design and development consultancy services for the world’s largest indoor Snow & Ski resort, Wintastar Shanghai, led by Singapore’s SGX Catalist-listed purveyor of luxury lifestyle, real estate and hospitality, KOP ...

Frankfurt / WAM A memorial to the UAE’s heroes and a celebration of the nation’s unity, Abu Dhabi’s Wahat Al Karama (Oasis of Dignity) has been announced as one of the winners of the German Design Award, an annual competition organised by the German Design Council, to recognise exceptional architectural projects and products. The Oasis received the award for its ...

Bloomberg The UK charged two Russian nationals over the attempted murder of a former spy and the use of a Novichok nerve agent on British soil, a move that will further sour ties with the Kremlin. Police named Alexander Petrov and Ruslan Boshirov as the aliases of the two key suspects in the attack on Sergei Skripal and his daughter ...

Bloomberg Zijin Mining Group Co., a Chinese gold and base metals producer, agreed to buy Nevsun Resources Ltd. for $1.41 billion in cash, just days after winning a tender for a Serbian copper miner. The Fujian-based company will acquire all of the issued and outstanding shares of Nevsun for C$6 per share in cash, they said. The cash consideration represents ...

Bloomberg Regions around Osaka, Japan’s second biggest population centre, struggled to recover from damage left by Typhoon Jebi, which left 10 people dead, hundreds of thousands of buildings without power and the area’s main airport closed. Kansai International Airport, a key transport and cargo hub that lies on an artificial island in Osaka Bay almost directly in the typhoon’s path, ...

Bloomberg Ford Motor Co. has stopped running national ads for the Fusion and Focus sedans it’s killing and put more marketing muscle behind the Mustang, a decision that paid off with a 35 percent sales jump for the pony car last month. “Those are the kind of things you’re able to do when you narrow the focus of your lineup,” ...

Bloomberg Bayer AG’s $63 billion Monsanto purchase has suffered regulatory delays, mounting legal claims and now will yield lower earnings for the year than earlier forecast. Still, the company’s CEO says he has “no regrets.” The German company lost out on revenue from Monsanto’s busy spring season, when farmers in the Northern Hemisphere plant the bulk of their crops, because ...

Bloomberg The British and German governments have abandoned key Brexit demands, potentially easing the path for the UK to strike a deal with the European Union, people familiar with the matter said. The pound rose. Germany is ready to accept a less detailed agreement on the UK’s future economic and trade ties with the EU in a bid to get ...

Abu Dhabi / WAM Abu Dhabi on Tuesday hosted the ministerial meeting of the Joint Committee between the UAE and Chad, under the co-chairmanship of Dr. Sultan bin Ahmad Sultan Al Jaber, Minister of State, and Ashtah Saleh Daman, Minister of State for Foreign Affairs, African Integration, International Cooperation and Diaspora Affairs. Dr. Al Jaber stated that the political ties ...

DUBAI / WAM DMCC, the world’s flagship Free Zone and Government of Dubai Authority on commodities trade and enterprise, has announced the official opening of its representative office operated by the German Arabian Advisory GmbH in Dusseldorf, Germany. Opening a representative office in one of Germany’s economic and trade centres, brings DMCC to the doorstep of European clients, and will ...