Sharjah / Emirates Business With the UAE topping the Middle East and North Africa market for Italian products, Sharjah is looking at taking full advantage of the growing trade and business relations with the UAE and Italy. A Sharjah team led by Saif Mohammed Al Midfa, CEO, Expo Centre Sharjah, is in Italy to boost trade ties with Bergamo, ...
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Chinese tourists wildcard for Thailand growth outlook
Bloomberg Thailand is nursing a slide in Chinese holidaymakers after cracking down on low-budget tours from the world’s most-populous country, muddying the Southeast Asian nation’s economic growth outlook. Arrivals fell 16 percent in December from a year ago, extending a slide that began after Thailand in September clamped down on operators bringing in large groups from China on cut-price ...
Read More »Hong Kong’s Leung warns on housing costs
Bloomberg Hong Kong Chief Executive Leung Chun-ying hit out at independence advocates and called for developing city parks to cool housing prices in his fifth and final policy address. The speech represented Leung’s last chance to define his legacy and set the agenda for potential successors after his surprise decision last month not to seek a second term. The ...
Read More »May to plow $210mn in UK productivity drive
Bloomberg UK Prime Minister Theresa May will plow 170 million pounds ($210 million) into setting up new technology institutes, placing scientific education at the heart of her drive to boost Britain’s productivity through a new industrial strategy unparalleled since the 1980s. The institutes will specialize in teaching science, technology, engineering and math, providing high-school graduates with the skills demanded by ...
Read More »French billionaire’s e-car venture becomes huge success
Bloomberg French billionaire Vincent Bollore’s push into electric vehicles has been a huge success, at least in terms of publicity and eye-catching contracts. For investors, it hasn’t worked out so well. Shares of his battery company, Blue Solutions SA, have plunged by more than two thirds since peaking 2 1/2 years ago, wiping out 775 million euros ($823.5 million) ...
Read More »AIG to pay Berkshire $9.8bn in insurance deal
Bloomberg American International Group Inc. agreed to pay $9.8 billion to Warren Buffett’s Berkshire Hathaway Inc. to take on long-term risks from commercial policies written in prior years. The reinsurance deal transfers liabilities on certain US policies from 2015 and earlier, representing reserves of about $34 billion as of Jan. 1, 2016, New York-based AIG said in a statement. ...
Read More »Essilor to buy Ray-Ban maker Luxottica for $24 billion
Bloomberg French lensmaker Essilor International SA agreed to buy Luxottica Group SpA, the maker of Ray-Ban sunglasses, for about 22.8 billion euros ($24 billion) in stock, combining the largest manufacturer and retailer in eyewear. Leonardo Del Vecchio, who created Luxottica in 1961 and controls 62 percent of its stock, will be executive chairman and chief executive officer of the ...
Read More »In first remark, Trump mocks worldwide demonstrations
Bloomberg President Donald Trump mocked protesters who gathered for large demonstrations across the U.S. and the world on Saturday to signal discontent with his leadership, questioning whether they voted and criticizing celebrities who participated in the events. “Watched protests yesterday but was under impression that we just had an election! Why didn’t these people vote? Celebs hurt cause badly,†...
Read More »Mohammed bin Rashid Smart Majlis receives 35,000 ideas
Dubai / WAM The Mohammed bin Rashid Smart Council received more than 35,000 innovative and developmental ideas since its launch one year ago. These ideas have been studied by a team of more than 460 employees working in 41 government and private entities- in a bid to maintain the Smart Council’s role as a leading international platforms for ideas. “This ...
Read More »Sharjah population crosses 1.4 million mark in 2015
Dubai / WAM The Sharjah’s overall population is 1,405,843 people, according to results of the Sharjah Census 2015. “There are 175,432 Emirati nationals – 86,325 males and 89,098 females – who constitute 12 percent of the overall population. The number of non-national residents is 1,230,417, – 834,542 males and 395,875 females – who form 87 percent of the overall population, ...
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