Abu Dhabi / Emirates Business The 2017 edition of the Dubai Airshow will mark Mubadala Investment Company’s 10th anniversary in the aerospace industry, following a decade of strategic investment that has accelerated the growth of a flourishing, leading-edge aerospace hub in Abu Dhabi anchored by homegrown success stories such as Strata Manufacturing (Strata). Over the past 10 years, Mubadala’s aerospace ...
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Bloomberg Alibaba Group Holding Ltd.’s Singles’ Day shopping bonanza broke last year’s all-time high of 120.7 billion yuan ($18.2 billion) by 1:09 pm in Beijing, with about 11 hours still to go before the final bell. The annual frenzy had already hit $8.6 billion in sales in the first hour after starting at midnight, and by 8 am some 82 ...
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Bloomberg The euphoria around Chinese fintech listings may be starting to wane. Online lender PPDAI Group Inc. raised $221 million after pricing its US initial public offering below the bottom end of a marketed range. The stock climbed 1.2 percent to $13.15 as of 12:52 pm in New York. Rival Qudian Inc. fell below its offer price the week after ...
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Bloomberg European Union chief negotiator Michel Barnier raised the prospect of Brexit talks failing to reach a breakthrough by year-end, saying the UK has two weeks to come up with a better offer on the financial settlement. Barnier called for “real and sincere progress†on the three divorce issues, which include the separation bill, the rights of EU citizens and ...
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Bloomberg Lyft Inc. has gained significant ground on its rival, Uber Technologies Inc., and is expected to grab more market share in the US, according to a private Lyft investor document obtained by Bloomberg. A major investor is projecting Lyft will have boosted its share of US ride-hailing business some 61 percent by the end of the year, climbing to ...
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Bloomberg The deadliest mass shooting in modern US history is adding to soaring costs for insurance companies, which are already taking a beating this year from an onslaught of hurricanes, earthquakes and wildfires. The industry may have to shell out more than $1 billion for the Las Vegas massacre, insurance executives say. Acts of a solo gunman, who killed almost ...
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Bloomberg A blockbuster Pacific trade pact abandoned by US President Donald Trump has edged closer to becoming reality after days of tense talks in Vietnam. Japanese Economy Minister Toshimitsu Motegi said the 11 remaining members of the Trans-Pacific Partnership had secured a framework agreement on how to salvage the deal. Canada, which had held out for a day on signing ...
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ABU DHABI / AGENCIES His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of UAE and Ruler of Dubai, His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, and President of France Emmanuel Macron, opened on Wednesday Louvre Abu Dhabi, the first museum ...
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Abu Dhabi / WAM Abu Dhabi Ports, the master developer, operator and manager of commercial and community ports within the emirate of Abu Dhabi, as well as Fujairah Terminals and Khalifa Industrial Zone Abu Dhabi KIZAD, has showcased opportunities available for Indian businesses and investors during the third edition of the UAE-India Economic Forum (UIEF), which kicked-off in Dubai on ...
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DUBAI / WAM Emirates NBD, a leading bank in the region, marked the commencement of operations in India with the inauguration of its first branch in Mumbai. The Mumbai branch, centrally located in Maker Maxity, Bandra Kurla Complex, marks the bank’s fifth international branch outside of its UAE network. The branch will offer a range of services to corporate, SME ...
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