Abu Dhabi / WAM The Ministry of Foreign Affairs and International Cooperation (MoFAIC), launched the third edition of the Humanitarian Emergency Response Manual, in cooperation with the United Nations Office for the Coordination of Humanitarian Affairs (UNOCHA). The new edition complies with the latest developments in the humanitarian sector and the emergence of new factors, which include climate change, conflicts ...
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Exhibition on ‘Birmingham Quran’ opens in Abu Dhabi
ABU DHABI / Emirates Business A digital exhibition of the manuscript of the ‘Birmingham Quran’, one of the oldest surviving parts of the Quran in the world, was inaugurated at the Umm Al Emarat Park in Abu Dhabi. The manuscript includes parts of Surahs 18-20 of the Quran, written in ink on parchment using an early Arabic Hijazi script. Part ...
Read More »Schneider Electric showcases latest oil, gas solutions at ADIPEC
DUBAI / Emirates Business Real-time data captured from the field and conveyed to the cloud via sensors and analytical engines can impact the profitability of entire oil and gas (O&G) businesses. Building around this concept, Schneider Electric, the global specialist in energy management and automation, marks its seventh outing at the Abu Dhabi International Petroleum Exhibition and Conference (ADIPEC) 2017. ...
Read More »Mom-and-pop pile into Hong Kong IPOs in $163bn bonanza
Bloomberg Mom-and-pop investors haven’t been this crazy for Hong Kong initial public offerings since 2009. Hong Kong retail stock buyers placed orders for $163 billion worth of equity in this year’s major deals, according to data compiled by Bloomberg. That’s equal to more than three quarters of the territory’s monetary base. The most popular was China Literature Ltd., a local ...
Read More »Duterte invites China to enter Philippine mobile-phone market
Bloomberg Philippine President Rodrigo Duterte has invited Chinese companies to take a role in the country’s wireless communications industry to add a third carrier to compete with PLDT Inc. and Globe Telecom Inc. Duterte offered China the right to operate in the Philippines during his bilateral talks with Chinese Premier Li Keqiang, Duterte spokesman Harry Roque told reporters in Manila ...
Read More »Brexit may shock UK firms in ‘productivity’
Bloomberg Britain’s productivity malaise may find a solution from the unlikeliest of places—Brexit. Poor productivity has long been the bane of the UK, with output per worker far below the Group-of-Seven average and successive predictions for a recovery since the financial crisis failing to materialise. Still, according to UBS Wealth Management economist Dean Turner, Britain’s exit from the European Union ...
Read More »Qualcomm investors want at least $10 more per share from Broadcom
Bloomberg Qualcomm Inc. investors want at least $10 more than the $70-a-share Broadcom Ltd. is offering. If history is any guide, they might get partway there. “We would be very interested in evaluating an offer that begins with an 8,†said Daniel O’Keefe, a fund manager of the $3.1 billion Artisan Global Value Fund, which owns Qualcomm stock. The board ...
Read More »London’s iconic red buses to run on biofuel made from old coffee
Bloomberg London’s iconic red double-decker buses will soon run on a biofuel partially made from old coffee grounds. The fuel will be supplied by a demonstration project set up by Bio-bean Ltd., a London-based company that joined with Royal Dutch Shell Plc on the initiative. It will produce 6,000 litres a year of the fuel. “It’s got a high oil ...
Read More »Merkel’s bid to form new German govt collapses
Bloomberg German Chancellor Angela Merkel’s bid to form a new government failed, raising the prospect of fresh elections in Europe’s largest economy and casting doubt on the future of its longest-serving leader. A month of coalition talks collapsed in dramatic fashion just before midnight on Sunday as disputes among a grab-bag of disparate parties over migration and other polices led ...
Read More »Mohamed bin Zayed attends Tahnoon’s wedding reception
ABU DHABI / WAM His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, attended the wedding reception of Sheikh Tahnoon bin Saeed bin Saif bin Mohamed Al Nahyan to the daughter of His Highness Dr Sheikh Sultan bin Khalifa Al Nahyan, Adviser to the UAE President, at ...
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