Uncategorized

Dubai / Emirates Business Global Village, the world’s leading multicultural Festival Park and the region’s first family destination for culture, shopping, and entertainment, closed the gates on its biggest ever season on April 13. Season 23 welcomed a record-breaking number of more than seven million guests over 166 days of operation, a jump of more than 16 percent over the ...

Abu Dhabi / Emirates Business Abu Dhabi National Exhibition Centre (Adnec) is hosting several major local and international events throughout the month of April, including three key events this week. Set to welcome tens of thousands of visitors from the UAE and abroad under one roof, notable among these events are the EmiratesSkills National Competition, Cityscape Abu Dhabi 2019, Morocco ...

Dubai / WAM The UAE- Italy non-oil trade exchange amounted to $7.8 billion in 2017 and exceeded $5.7 bn during the first nine months of 2018, according to Sultan bin Saeed Al Mansouri, Minister of Economy. The minister said this while delivering the inaugural remarks of the Italy-UAE Business Forum which opened on Monday in Dubai in the presence of ...

Cairo / WAM Workplace relationship in the UAE is based on tolerance, dialogue, accepting the other, respect for diversity, combating discrimination and guarantee of rights, affirmed Nasser bin Thani Al Hamli, UAE Minister of Human Resources and Emiratisation, at the 46th Arab Conference in Egyptian capital, Cairo, on Monday. “In the Year of Tolerance 2019, the UAE is embedding the ...

Bloomberg Foxconn Technology Group Chairman Terry Gou said the iPhone will go into mass production in India this year, a shift for the largest assembler of Apple Inc’s handsets that has long concentrated production in China. Gou said that Prime Minister Narendra Modi has invited him to India as his Taiwanese company plans its expansion in the country. Apple has ...

Bloomberg Huawei Technologies Co’s ability to make inroads into Europe’s future telecom infrastructure may be more about regulatory hurdles than outright bans. The US has been engaged in a vocal campaign to keep Chinese tech companies out of advanced 5G networks that promise faster connections, enabling uses such as autonomous vehicles and remote surgery. US President Donald Trump’s administration has ...

Bloomberg Just months after being freed from US sanctions, Russia’s largest aluminum maker plans to invest in a new aluminum rolling mill in Kentucky. United Co Rusal, controlled by billionaire Oleg Deripaska until the US Treasury forced him to reduce his stake earlier this year, intends to invest up to $200 million in the plant being built by closely held ...

Bloomberg The European Union has taken a closer look at how Google uses operations in Ireland to help reduce its corporate tax obligations within the trade bloc, two people familiar with the matter said. Officials from the European Commission, the EU’s executive arm, held in-depth talks with Irish authorities late last year about whether the Internet-search unit of Alphabet Inc. ...

Bloomberg Trafigura Group Ltd. will take control of Nyrstar NV, Europe’s biggest zinc smelter, as part of a deal to restructure the struggling company’s debt and steer it away from bankruptcy. Under the agreement, Trafigura — Nyrstar’s main shareholder as well as a top supplier, customer and financier — offered a package of its own debt securities to Nyrstar’s creditors ...

Bloomberg Sudanese pro-democracy protesters won further concessions from the army that overthrew President Omar al-Bashir, as upheaval in the ruling military council signals a power struggle among the remnants of his 30-year regime. Since taking control, the council has cancelled its curfew, freed prisoners, changed leadership and vowed to review laws that brought trials for perceived indecency or apostasy, all ...