Al Ain / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of UAE and Ruler of Dubai, and His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, received a delegation from Strata Manufacturing at Qasr Al Maqam in Al Ain on Monday. ...
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Maktoum meets HSBC’s CEO designate John Flint
Dubai / WAM His Highness Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, Deputy Ruler of Dubai and President of the Dubai International Financial Centre, on Monday received John Flint, the newly appointed Executive Director and Group Chief Executive of HSBC Group, who was accompanied by his predecessor Stewart Gulliver. Sheikh Maktoum welcomed Flint, who will assume his duties in ...
Read More »Etihad Airways, Emirates ink deal on aviation security
DUBAI / Emirates Business Emirates Group Security and Etihad Aviation Group (EAG) signed a Memorandum of Understanding (MoU) for cooperation in aviation security. The MoU was signed by Sir Tim Clark, President Emirates Airline, and Tony Douglas, Group Chief Executive Officer of Etihad Aviation Group, in the presence of His Highness Sheikh Ahmed bin Saeed Al Maktoum, Chairman and Chief ...
Read More »Emirates makes travel attractive with low fares
Dubai / Emirates Business Emirates is making it even more attractive for travellers to enjoy new destinations and experiences in this year. For a limited time, travellers can avail special offers on Economy and Business class fares to a wide range of cities across the globe. Bookings have to be made between January 8-22, for travel between January 12 to ...
Read More »$45,000 SUV with smartphone’s ease shows China’s ambitions
Bloomberg A $45,000 electric SUV using facial recognition to unlock doors, Amazon’s Alexa to entertain and a 49-inch screen across the dashboard may be a harbinger of driving’s future. It also shows what China’s doing to grab that business now as the government pushes gas guzzlers off its roads. Byton, a Nanjing-based company started by former BMW AG executives, became ...
Read More »China property stocks soar on sales optimism
Bloomberg A clear winner is emerging among Chinese equities this year, whether in Hong Kong or Shanghai: real estate. Property firms account for eight of the 10 best performers on MSCI Inc.’s gauge of offshore Chinese shares in January, while developers have rallied the most among industry groups on the Shanghai benchmark. Shimao Property Holdings Ltd. has led the charge ...
Read More »Novo Nordisk goes public with $3.1bn bid to pressure Ablynx
Bloomberg Danish drugmaker Novo Nordisk A/S made its largest takeover offer ever, an unsolicited 2.6 billion-euro ($3.1 billion) bid for Belgium’s Ablynx NV, to beef up its lesser known blood-disorder unit and rekindle growth. The offer for Ablynx signals a higher appetite for deals at the world’s biggest maker of diabetes medicines. After taking the reins, CEO Lars Fruergaard Jorgensen ...
Read More »German factory orders slump in 2017 but economy continues upward trend
Bloomberg German factory orders fell in November 2017 as demand for investment goods dropped, though the Economy Ministry said the trend remains upward. Orders, adjusted for seasonal swings and inflation, slid 0.4 percent after a revised 0.7 percent gain in October, the ministry said on Monday. While the decrease snapped three month of gains, the number is typically volatile and ...
Read More »Uber’s rivals muscle in to lure passengers, regulators in Europe
Bloomberg Uber Technologies Inc.’s rivals are stepping up the battle for ride-sharing dominance in Europe, with local startups raising funds and global adversaries increasing contact with local regulators as they seek to gain a toehold in the region. Taxify OU is looking to raise $50 million in the first quarter to fund expansion plans, according to a person familiar with ...
Read More »Macron calls for China-EU ties to ‘enter 21st century’
Bloomberg French President Emmanuel Macron called for an overhaul to relations between China and the European Union, pushing for more balanced trade ties while embracing President Xi Jinping’s signature infrastructure push. Speaking on Monday in the ancient imperial capital of Xian, the eastern departure point of the Silk Road trade route, Macron repeated a call for “reciprocity†in trade ties ...
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