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UAE, Singapore discuss cooperation in food security

Dubai / Emirates Business HE Mariam bint Mohammed Almheiri concluded her trip to Singapore that included government visits to explore prospects of cooperation between the two countries in terms of food security, as well as ways to facilitate the exchange of knowledge, international best practices and governance, in the lead-up to the launch of the UAE National Strategy for Future ...

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Populists keep EU on edge as focus shifts to 2019 elections

Bloomberg With the European Union gearing up for legislative elections in 2019, the battle between EU supporters and opponents is shaping up to be a lot like many of the contests in this summer’s soccer World Cup: back and forth, passionate and down to the wire. Last year’s election of French President Emmanuel Macron and fourth-term victory of German Chancellor ...

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Samsung unveils Note9, watch, home speaker

Bloomberg Samsung Electronics Co. unveiled the Galaxy Note 9 in New York, banking on the larger-screen device to rejuvenate sales of a struggling flagship line and fend off Apple Inc.’s upcoming iPhones over the holidays. The 6.4-inch screen Note 9 will start at $999.99 and max out at $1,249.99 — becoming, at about $100 above the iPhone X’s upper limit, ...

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Flood cripples Philippine capital as 54,000 evacuated to safer ground

Bloomberg More than 54,000 people were moved to safer ground in the Philippine capital and nearby provinces, while calls for help swamped social media as monsoon rain triggered floods reminiscent of Typhoon Ketsana, which killed hundreds of people in Metro Manila in 2009. Marikina City implemented forced evacuations affecting at least 21,000 people after its river, the catch basin of ...

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Generic drugmakers struggle despite US push for copycats

Bloomberg Generic drugmakers are being crushed by the very forces that the Trump administration is counting on to drive down prescription costs. While policy makers are betting that opening the market to a deluge of new medicines and reforming the drug supply chain will help contain rising prices, many widely used copycat medications are already seeing their prices fall at ...

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EU loses to Canada for No. 3 wheat exporter title due to summer

Bloomberg Europe’s wheat loss is a win for Canadian farmers. After a scorching summer fried wheat crops across the European Union, the bloc is set to lose its position as the world’s third-largest exporter as Canada usurps the title, according to the US Department of Agriculture. The agency cut its outlook for EU wheat exports by 16 percent to a ...

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KKR to bulk up growth-equity group with New York-based hires

Bloomberg KKR & Co. is expanding its growth-equity group, adding to its New York office under the leadership of Erica Martin. The firm will add four or five people to the team focusing on technology, media and telecommunications in the next couple of months, according to Martin, who joined earlier this year from buyout firm Warburg Pincus. KKR had about ...

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Ajman hotel guests up 14% during first half of 2018

AJMAN / WAM The number of guests in Ajman’s hotels increased by 14 percent in the first half of this year compared to the same period last year, supported by increasing efforts to promote the emirate and by Ajman’s success in diversifying its tourism markets, which is reflected in the occupancy rate which grew by five percent. Ajman’s total revenue ...

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Cultivating a culture to establish Arab cinema

SHARJAH / WAM Cinema is a universal language that brings people together and breaks all discriminatory barriers by offering a common platform to all, stated Sheikha Jawaher bint Abdullah Al Qasimi, Director of FUNN and Sharjah International Children’s Film Festival. ‘‘Film is a multi-doctrine creative art that really speaks one language to every enthusiast and lover, and embraces individual interpretation ...

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Cash dividends paid out by ADX-listed firms up 5.5%

ABU DHABI / WAM Abu Dhabi Securities Exchange (ADX), the region’s leading financial market, has announced the distribution of more than AED23.4 billion in cash dividends to around 406,000 investors on behalf of listed companies in 2018. The cash dividends paid out by listed companies increased around 5.5% compared to AED 22.2 billion in the year 2017. This announcement is ...

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