Dubai / WAM The Ministry of Climate Change and Environment (MoCCaE) held its first ‘Environment and Business Majlis’ for 2017. The Majlis took place on Monday at Majid Al Futtaim’s Leadership Institute in Dubai, and was attended by leaders from 60 companies. In his opening statement, Dr. Thani bin Ahmed Al-Zeyoudi, Minister of Climate Change and Environment, stressed the importance ...
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UAE firms to exhibit at Hannover Messe
Abu Dhabi / Emirates Business As many as 15 government entities and private bodies will exhibit in the UAE pavilion at Hannover Messe — the world’s largest manufacturing industry trade fair. The UAE is sending a delegation to Germany to participate in the prestigious exhibition for the tenth consecutive year, being held from April, 24-28. Across two halls and ...
Read More »Sultan Al Qasimi to witness SCRF launch
SHARJAH / Emirates Business His Highness Sheikh Dr Sultan bin Muhammad Al Qasimi, Member of the Supreme Council and Ruler of Sharjah, will witness the launch of the region’s largest children’s reading event on Wednesday at 10:00 AM, as more than 2,093 activities and 123 international exhibitors focus on the needs, trends, issues and solutions of young readers at ...
Read More »South Korean pension fund clears Daewoo bailout plan
Bloomberg South Korea’s National Pension Service agreed to restructure 1.55 trillion won ($1.4 billion) of bonds issued by Daewoo Shipbuilding & Marine Engineering Co., helping the world’s largest shipbuilder tide over a payment crisis that had threatened to almost shut the company. An agreement came after Daewoo, the Korea Development Bank and Export-Import Bank of Korea took steps to ...
Read More »Singapore home sales surge to highest in 4 years
Bloomberg Singapore home sales surged to the highest monthly total for nearly four years in March, a month in which the government rolled back some property curbs following a three-year slide in prices. Developers sold 1,780 units in March, the most in a month since June 2013 and more than double the 843 sold in the same period last ...
Read More »Ant Financial raises MoneyGram bid by 36%
Bloomberg Ant Financial raised its agreed offer for MoneyGram International Inc. by 36 percent as the financial-services company controlled by Chinese billionaire Jack Ma tries to top a competing offer and overcome security concerns. The revised bid is worth $18 a share in cash, up from a previous offer of $13.25, the companies said in a joint statement. The ...
Read More »India seeks end to urea imports in 5 years
Bloomberg India, the world’s second-biggest consumer of urea, is boosting production of the crop nutrient seeking to end imports in the next five years. The South Asian nation, where agriculture makes up about 14 percent of the economy, produced 24.5 million tons of urea in the year ended March 2016, compared with consumption of around 32 million tons during ...
Read More »Brexit poses risks to chemicals industry
Bloomberg Chemical companies are preparing for a potentially disruptive Brexit as the UK withdrawal from the European Union threatens an integrated market underpinning more than 40 billion euros ($42 billion) a year in two-way trade. Marco Mensink, director general of the European Chemical Industry Council representing manufacturers such as BASF SE, Akzo Nobel NV and Dupont Co., said the ...
Read More »France’s Macron says German trade surplus harmful to EU’s economy
Bloomberg France’s independent presidential candidate Emmanuel Macron, tied with far-right candidate Marine Le Pen in polls before the election, said Germany’s large trade surplus is harmful to the euro-zone economy and called for more balance. “Germany benefits from the imbalances within the euro zone and achieves very high trade surpluses,†centrist candidate Macron said in an interview published on ...
Read More »â€˜UAE Forces proved their high standards in military missions’
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, expressed his pride and appreciation for the country’s men who served in its national institutions since its establishment, who carried the message of its development and modernisation, and contributed in important ways to further ...
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