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 ...
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$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 ...
Read More »UAE plans to distribute 70% VAT revenues to local governments
Abu Dhabi / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of UAE and Ruler of Dubai, chaired on Sunday the first Cabinet session of the new year and highlighted the importance of choosing the year 2018 to be the ‘Year of Zayed’. The session was held at the Presidential Palace in Abu Dhabi, ...
Read More »UAE, Morocco discuss ways to enhance bilateral cooperation
Abu Dhabi / WAM His Highness Sheikh Abdullah bin Zayed Al Nahyan, Minister of Foreign Affairs and International Cooperation, received Morocco’s Minister of Foreign Affairs and International Cooperation, Nasser Bourita, at the ministry on Sunday. During a meeting, they discussed the fraternal relations and existing co-operation between the two countries. They also reviewed ways to enhance bilateral relations between the ...
Read More »DWTC set to host 172,000 trade visitors in January
DUBAI / Emirates Business The Dubai World Trade Centre (DWTC) is set to kick off another new and exciting exhibitions season with a packed schedule of events this January, expected to play host to more than 172,000 trade visitors and 6,000 exhibiting companies. These industry leading events range from healthcare and science, to technology and design, including Arab Health, the ...
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