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Sial Middle East 2018 to draw strong participation from GCC

Abu Dhabi / Emirates Business The ninth edition of Sial Middle East is set to feature country pavilions of Kuwait, Bahrain and Saudi Arabia, indicating a growing interest from the GCC countries to benefit from the sizeable opportunities created by the fastest-growing food, beverage and hospitality event in the region. Held in strategic partnership with Abu Dhabi Food Control Authority ...

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UAE highlights its clean, renewable energy targets at COP24

KATOWICE / WAM The UAE delegation to the 24th Conference of the Parties, COP24, to the United Nations Framework Convention on Climate Change (UNFCCC), in Katowice, Poland, attended the official opening ceremony of the event and the High-level Segment for Heads of State and Government. The delegation joined attendees from more than 190 countries and territories at the meeting, aimed ...

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French govt meets on riot response as clean-up begins

Bloomberg Clean-up crews were at work across Paris after Saturday’s riots as President Emmanuel Macron returned from Argentina and held an emergency cabinet meeting. Last week’s “Yellow Vests” protests saw 412 arrests and 133 wounded, including 23 among the security forces, according to the Paris police. There was also violence in Toulouse, Nantes, near Lyon, and in the Ardennes. Rioters ...

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Unilever adds Horlicks in $3.8bn deal for Glaxo India

Bloomberg Unilever agreed to acquire GlaxoSmithKline Plc’s Indian consumer business, including malted milk drink Horlicks, for 3.3 billion euros ($3.8 billion) to boost its footprint in one of the world’s fastest-growing major economies. It’s one of the Anglo-Dutch company’s largest acquisitions under departing Chief Executive Officer Paul Polman, who in January is handing over to personal-care head Alan Jope. It’s ...

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Indian graphite maker sees more gain on China skies

Bloomberg The world’s most profitable graphite electrode maker expects China’s push for blue skies to fuel higher margins as it bolsters demand for the steelmaking ingredient. India’s HEG Ltd. expects revenue to more than double and the pretax margin to rise to as much 75 percent as demand remains strong because of environmental curbs in China, according to Chief Executive ...

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Mexico, Canada diverge in metal tariff relief hopes

Bloomberg Fresh off signing their trade deal with the US, the governments of Canada and Mexico are diverging on the continent’s other trade fight over metals tariffs — with Mexico setting hopes for a deal sooner than Canada. The three countries signed their new deal in Buenos Aires to replace the North American Free Trade Agreement (Nafta) despite US tariffs on ...

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Brexit prompts financial firms to weigh Dutch licences

Bloomberg As Brexit nears, the Dutch authorities processing banking and markets licenses are starting to feel the heat. About 50 banks and other financial institutions are having or have had talks with the Dutch central bank about setting up shop in the Netherlands, according to Tobias Oudejans, a spokesman for the institution. Fewer than five companies have been granted licenses ...

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California ponders PG&E’s future amid protests

Bloomberg California’s top energy regulator isn’t sure how to fix PG&E Corp. As protesters chanted “No bailout” at a public meeting, California Public Utilities Commission President Michael Picker said the company “lacks a clear vision for safety” and will face a sweeping review following the deadliest wildfire in state history. “Is there a different model to ensure that we have ...

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We are continuing our advanced, journey to improve people’s lives

ABU DHABI / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, has stressed the importance of utilising digital tools in the design and implementation of government services. “We want the UAE Government to develop unique services using innovative tools and advanced technologies, that contribute towards providing the ...

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500-strong team brainstorming UAE’s future over next 50 years: Al Gergawi

Abu Dhabi / WAM A 500-strong team is collectively working to ensure effective brainstorming at generating innovative ideas for the fulfillment of the country’s vision adopted by President His Highness Sheikh Khalifa bin Zayed Al Nahyan; His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai; and His Highness Sheikh Mohamed ...

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