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Abu Dhabi / WAM Abu Dhabi Securities Exchange (ADX) distributed around AED22.1 billion in cash dividends to investors during the first six months of 2016 on behalf of its listed companies. ADX Chief Executive, Rashed Al Blooshi, said, “The distributed cash dividends were sent via direct bank transfers to the accounts of investors who have updated their bank account details ...

Dubai / Emirates Business Sandooq Al Watan, a national initiative launched by prominent Emirati businessmen to support research projects, has announced an unprecedented initiative titled “Our Future”. The initiative aims to prepare the UAE for a post-oil era by supporting the establishment world-class Emirati start-ups and growing them into global companies that generate massive economic and social returns to the ...

Abu Dhabi / Emirates Business The Yahsat Space Lab at Masdar Institute of Science and Technology hosted a workshop on how to build a lunar rover capable of exploring the moon’s rocky terrain, led by TeamIndus ‒one of five teams competing for the Google Lunar XPRIZE. The workshop was held at Masdar Institute, which is part of the Khalifa University ...

Sharjah / WAM Sharjah Media City, Shams, the world-class free zone hub for innovation, has signed an agreement with leading property consultancy Cluttons, to conduct market feasibility and analysis studies on relevant real estate products and options for Shams. The company is also assigned to develop innovative, high quality real estate solutions. “We are delighted to welcome our strategic partner, ...

Abu Dhabi / WAM MRO supply chain and logistics company, Farsound Aviation, has secured a multi-million-dollar contract renewal with Turbine Services and Solutions (TS&S) Aerospace, a specialised and leading maintenance, repair and overhaul provider for aircraft engines located in Abu Dhabi. The contract represents the renewal of an existing agreement and business relationship between the two organisations. David Skinner, Managing ...

Bloomberg A group led by Bain Capital LP and Japanese investors has offered about 2.1 trillion yen ($19 billion) for Toshiba Corp.’s semiconductor division, emerging as a leading bidder in the hotly contested auction, according to people familiar with the matter. The US private equity firm has the backing of state-supported Innovation Network Corp. of Japan and Development Bank of ...

Bloomberg As monsoon rains move across India — usually a boom time for the agriculture sector — farmers have left their land and taken to the streets amid growing anger over falling food prices and high debts. With protests spreading around the country, the government of Prime Minister Narendra Modi is under pressure to provide more incentives. A drop in ...

Bloomberg The White House is divided over how hard to come down on cheap steel imports in a debate that will help set the tone for future trade policy, according to two industry representatives briefed on the discussions. As the Commerce Department prepares to disclose its findings from an investigation into possible national-security threats posed by steel shipments, Secretary Wilbur ...

Bloomberg Lyft Inc. complained to a judge that Uber Technologies Inc. moved to drag it into the larger ride-hailing company’s trade-secrets fight with Waymo two days after Lyft and the Alphabet Inc. unit announced an autonomous driving partnership. Lyft said Uber has demanded confidential information about “expansive and irrelevant topics” including an analysis of Lyft as a potential acquisition target ...

Bloomberg The French voted on Sunday for the fourth time in two months and the main outstanding question is just how big a majority they will hand President Emmanuel Macron. Polls from Harris and OpinionWay last week projected that Macron’s Republic on the Move movement, known as REM, may take up to 80 percent of the seats in the 577-member ...