Uncategorized

Dubai / Emirates Business His Highness Sheikh Ahmed bin Saeed Al Maktoum, President of the Dubai Civil Aviation Authority, CEO and Chairman of the Emirates Group, Chairman of Dubai World, and Noor Takaful Insurance Company, officially inaugurated the 40th edition of The Big 5 at the Dubai World Trade Centre on Monday. The construction industry mega-event is set to welcome ...

Dubai / WAM Smart Dubai and the Dubai Department of Economic Development, DED – Dubai Economy, have announced a joint new data initiative for the retail sector, part of the Private Sector Data Engagement Strategy, which was designed to foster stronger collaboration between the public and private sectors on data. The new initiative will see anonymised and aggregated datasets examined ...

AJMAN / WAM Ajman Free Zone (AFZ), signed an agreement with LinkedIn, which will see it benefit from an enhanced profile on the global business networking platform and enable targeted communications with key business sectors on a global scale. The move is part of Ajman Free Zone’s expansion strategy to attract more investor companies. The potential reach is on a ...

Bloomberg London’s transit authority refused to grant Uber Technologies Inc a new license in the capital, endangering the ride-hailing company’s future operations in the city. While the company has made some progress in addressing Transport for London’s (TfL) concerns, the regulator is still concerned that unauthorised drivers can manipulate the app to carry passengers, it said in a statement. Uber ...

Bloomberg HP Inc rejected Xerox Holdings Corp’s request to open its financial books after turning down its unsolicited merger offer last week, saying that the smaller suitor hasn’t proven it’s healthy enough to raise the funding or complete such a transaction. “Your proposal does not constitute a basis for due diligence or negotiation,” Chief Executive Officer Enrique Lores and Chairman ...

Bloomberg Economy minister Peter Altmaier defended the German government’s decision not to exclude China’s Huawei Technologies Co over security concerns, citing a similar decision years earlier in the wake of US espionage. Germany didn’t boycott US companies when it surfaced in 2014 that the NSA spied on institutions and individuals in Europe’s biggest economy, Altmaier said on broadcaster ARD. “The ...

Bloomberg China is planning a record sale of sovereign bonds in dollars, with a potential $6 billion offering, according to people familiar with the discussions. The ministry of finance is considering tenors of three years, five years, 10 years and 20 years, according to the people, who asked not to be named as the talks aren’t public. The ministry didn’t ...

Bloomberg Southeast Asian payments platform 2C2P Pte, which helps airlines, travel companies and online shopping malls handle payments from customers in the region, has raised $52 million from investors including the World Bank’s International Finance Corp, Cento Ventures and Arbor Ventures to fund expansion. The new funding round will bolster the company’s position in Southeast Asia’s burgeoning digital payments market ...

Bloomberg House Democrats are starting to compress weeks of depositions, documents and testimony into a report almost certain to result in articles of impeachment against President Donald Trump, as the White House wages a campaign to discredit the investigation. Intelligence chairman Adam Schiff won’t rule out more witnesses or other avenues of investigation beyond a central focus: whether Trump tried ...

ABU DHABI / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, received on Sunday the credentials of new ambassadors from brotherly and friendly countries to the UAE, at the Qasr Al Watan Palace. Also present were HH Lt. General Sheikh Saif bin Zayed Al Nahyan, Deputy Prime ...