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Bloomberg Alibaba co-founder Jack Ma may team up with SoftBank Group Corp.’s Masayoshi Son in a $1.5 billion investment in ride-hailing startup Grab, according to people familiar with the matter. The investment would be part of Grab’s previously reported $1.5 billion fundraising, led by SoftBank and aimed at giving the Singaporean startup cash to battle Uber Technologies Inc. in Southeast ...

Bloomberg China Vanke Co., a logistics partner of Blackstone Group LP in China, is in talks to join a management-backed consortium bidding for warehouse operator Global Logistic Properties Ltd., people with knowledge of the matter said. The Shenzhen-based homebuilder has discussed becoming one of about six major investors in the Chinese bidding group backed by Hopu Investment Management, Hillhouse Capital ...

Bloomberg Since its founding 23 years ago, Amazon.com Inc. has upended the business of selling books, music and just about everything else we consume — except food. Not anymore. In one fell swoop, Amazon founder Jeff Bezos charged into the supermarket business with the $13.7 billion acquisition of Whole Foods. The surprise deal shakes up the $800 billion grocery sector ...

Bloomberg Nestle SA’s new chief executive officer is putting the world’s biggest food company on a diet, moving to shed its US confectionery business as he seeks growth from healthier and more profitable businesses. Half a year after taking the helm at the Vevey, Switzerland-based company, Mark Schneider put brands like Butterfinger and BabyRuth up for sale. Nestle’s shares rose ...

Bloomberg President Donald Trump announced new restrictions limiting US citizens’ ability to travel to and do business in Cuba, moving to roll back his predecessor’s historic rapprochement and drawing a rare rebuke from the nation’s largest business lobbying group. The changes Trump announced include a ban on Americans doing business with the military and intelligence-affiliated companies that control large swaths ...

Dubai / Emirates Business Dubai Properties, a leading Dubai-based real estate master developer and asset manager, has announced the commencement of work on the new Marasi Business Bay marina. The installation of the pontoons, which marked the occasion, took place in the presence of Abdulla Lahej, Group CEO of Dubai Properties at the Marasi Business Bay Promenade. Launched by Dubai ...

dubai / emirates business National Bonds Corporation, the leading sharia-compliant savings and investment company in the UAE, announced the results of its financial health check for H1 2017 (from January until June). The National Bonds financial health check spans four main categories – monthly saving for married couples, retirement saving for people aged 41 to 55 years old, on time ...

Abu Dhabi / WAM Dr Amal Abdullah Al Qubaisi, Speaker of Federal National Council (FNC) has emphasised that the prestigious status of UAE as the biggest donor of developmental aid in the world reflects the vision of the founding father, the late Sheikh Zayed bin Sultan Al Nahyan, and represents the culmination of his efforts to establish the country’s commitment ...

Dubai / Emirates Business Jabal Omar Development Company (JODC), the region’s leading real estate development company, on Wednesday announced that Emaar Hospitality Group’s premium luxury hotel brand Address Hotels + Resorts has been selected to manage its flagship hospitality project in the Holy City of Makkah. This also marks the first expansion of Address Hotels + Resorts to the Kingdom ...

Bloomberg Attorney General Jeff Sessions played two starkly different roles as he fielded questions from lawmakers over the firing of FBI chief James Comey and alleged Russian connections to himself and other associates of Donald Trump. For Republicans at Tuesday’s hearing of the Senate Intelligence Committee, Sessions was the nation’s top law enforcement officer, defending the president and declining to ...