Dubai / WAM Dubai Customs has been nominated in six main categories of the ‘Ideas UK and Ideas America 2017’ awards. The categories in Ideas UK 2017 are the best safety and environment solution, and in Ideas America 2017, the best innovation, the best safety and environment solution, the best ambassador and communication director. Dubai Customs is participating in ‘Ideas ...
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UAE Space Agency and IAF discuss cooperation in space science, research
Dubai / Emirates Business A UAE Space Agency delegation, led by Chairman Dr Ahmad Belhoul Al Falasi, met the President of the International Astronautical Federation (IAF), Dr Jean-Yves Le Gall, to discuss a range of opportunities for collaboration in space science, research and education. Al Falasi also highlighted the UAE’s interest in hosting the International Astronautical Congress in 2020, coinciding ...
Read More »Angry Birds maker plans IPO that may value it at $2 billion
ÂÂÂÂÂÂÂÂÂÂÂBloomberg Angry Birds maker Rovio Entertainment Oy plans to sell shares in a Helsinki initial public offering, seeking funds to support its resurgence seven years after releasing its best-selling mobile-game title. Main owner Kaj Hed, 62, and some other holders will sell shares, and Rovio will offer about $36 million of new stock, the company said Tuesday, without providing a ...
Read More »Schneider eyeing market leadership again at Aveva deal
Bloomberg After two failed attempts in as many years, Schneider Electric SE is betting a deal to combine its industrial software business with the UK’s Aveva Group Plc will create a market leader in programs to design and operate power plants and factories. Schneider and Aveva unveiled on Tuesday an agreement by which the French company will receive a 60 ...
Read More »Japan Post to announce trillion-yen IPO on Sept 11
Bloomberg Japan Post Holdings Co. will announce plans for a share sale by the government as early as Sept. 11, almost two years after the postal and financial-services giant was listed, people with knowledge of the matter said. The Ministry of Finance plans to offer about 1 trillion yen to 1.4 trillion yen ($9.1 billion to $12.8 billion) of Japan ...
Read More »Google continues to hire in China with search still blocked
Bloomberg Google’s search service may be banned in China but parent Alphabet Inc. is hunting for workers in a further sign it has ambitions in the world’s biggest internet market. At least 20 positions based in Beijing are advertised on the company’s careers site, spanning engineering and marketing to product managers. Multiple listings are shown in the field of machine ...
Read More »Xi, Modi seek stable ties after worst border spat since 1962
Bloomberg Chinese President Xi Jinping and Indian Prime Minister Narendra Modi held their first talks since defusing a border stand-off, with both leaders calling for stable ties between the two Asian giants. A healthy, stable relationship is in the fundamental interest of both nations, Xi said, according to the official Xinhua News Agency on Tuesday after the conclusion of a ...
Read More »Nakheel all geared up to launch AED3.2bn projects at Cityscape
Dubai / WAM Dubai-based master developer Nakheel is gearing up to unveil a diverse range of projects, with a collective value of collectively more than AED3.2 billion, at Cityscape Global 2017 next week, with the launch of six new residential, retail and hospitality developments at four of its communities in Dubai, including its world-famous flagship master development, Palm Jumeirah. The ...
Read More »5.5 million people use RTA services during Eid holiday
Dubai / WAM The Roads and Transport Authority (RTA) has revealed that the total number of passengers lifted by public transport and taxicabs in Dubai during Eid al-Adha holiday has topped 5,454,714. “The RTA has lifted 5,454,714 passengers during Eid al-Adha holiday, where the number of Metro riders reached 1,829,356 passengers; with 1,177,502 passengers carried on the Red Line compared ...
Read More »Emirates Islamic records net profit of AED387 million in H1
Dubai / WAM Emirates Islamic’s net profit for the first half of 2017 stood at AED387 million compared to AED137 million for the same period last year, reflecting the success of its investment deposits. One-year deposits offered 1.95 percent per annum in the second quarter of 2017, up by 50 bps since the end of 2016, while two-year deposits offered ...
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