SHARJAH / WAM His Highness Dr Sheikh Sultan bin Mohammed Al Qasimi, Supreme Council Member, Ruler of Sharjah, and President of the University of Sharjah (UoS), attended on Monday the inauguration of the second hub of the Sharjah Entrepreneurship Center, Sheraa, part of Sharjah Investment and Development Authority, Shurooq. Located at the UoS campus, the new space is dedicated to ...
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Second Maritime Leaders Roundtable seeks to boost UAE ports’ leadership
Abu Dhabi / WAM Under the patronage of the Federal Transport Authority for Land and Maritime (FTA), the Tactics Maritime Media and Marasi News have successfully arranged, “The UAE Maritime Leaders Roundtable Discussion,” under the theme “To what extent do the UAE ports meet the current demands of the shipping industry?” The event brought together prominent maritime leaders from private ...
Read More »Once-in-a-lifetime deals fuel a $100bn India M&A boom
Bloomberg The biggest mergers-and-acquisitions boom in Indian history has investment bankers preparing for even more dealmaking to come. Transactions involving Indian companies have reached $104.5 billion in 2018, trouncing the previous annual record with almost four months left in the year, according to data compiled by Bloomberg. The tally may surpass $100 billion again in 2019, said Sanjeev Krishan, a ...
Read More »Jack Ma to hand Alibaba’s helm to CEO Daniel Zhang
Bloomberg Alibaba is heralding the end of the Jack Ma era. A former English teacher who helped found Alibaba Group Holding Ltd. two decades ago, Ma outlined plans to hand the executive chairman role to Daniel Zhang, a finance veteran who’s presided over an ambitious expansion and won over investors in three years as chief executive officer. Ma will officially ...
Read More »Apple to launch iPhone Xs line, new watches
Bloomberg Apple Inc. will kick off a blitz of new products this week, ending a year of minor updates and setting the technology giant up for a potentially strong holiday quarter. Through the rest of 2018, the world’s most valuable public company will launch three new iPhones, revamped iPad Pros, Apple Watches with larger screens, a new entry-level laptop with ...
Read More »Sky backs BT’s faster broadband in boost to former monopoly
Bloomberg Sky Plc is backing a push by BT Group Plc to move more Britons onto faster internet services, in a boost to the former monopoly. Sky, which resells internet services from BT’s network unit Openreach, has a new agreement to encourage more of its UK customers to take up higher-speed fiber-based connections after Openreach introduced discounts for wholesale customers ...
Read More »Aston Martin names chairman ahead of London listing
Bloomberg Aston Martin, maker of luxury sports cars for James Bond, is moving ahead with a plan to list shares in London, naming Penny Hughes as chairman to end all-male board representation. The manufacturer will trade on the London Stock Exchange in October, with a free float of at least 25 percent of the issued share capital and Daimler AG ...
Read More »Palestinians condemn Trump decision to close US mission
Bloomberg Palestinian leaders confirmed they’d been informed by the Trump administration that it plans to shut the Palestinian mission in Washington, condemning the move as proof the US is disbanding international efforts towards a peace deal with Israel. The announcement of the closure, earlier reported by the Wall Street Journal citing unidentified White House officials, was expected to be made ...
Read More »Ajman Ruler receives Saudi businessmen, investors
Ajman / WAM His Highness Sheikh Humaid bin Rashid Al Nuaimi, Supreme Council Member and Ruler of Ajman, on Sunday received, in his office at the Ruler’s Court, a Saudi delegation of businessmen and investors led by Dr. Abdulrahman Abdullah Abdulaziz Al Moshaiqeh, Chairman of the Industrial Methods Group of Al Qussaim and Member of the Shura Council. Sheikh Humaid ...
Read More »Dubai FDI in second investment promotion mission in US cities
Dubai / WAM Dubai FDI, the investment development agency of Dubai Economy (DED), is going on to second investment promotion mission to the United States this month in a bid to further strengthen its bilateral relations with one of the world’s leading economic powers. The high-level mission will visit the cities of Indianapolis and Detroit. The main objective of the ...
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