Uncategorized

Bloomberg The French voted on Sunday for the fourth time in two months and the main outstanding question is just how big a majority they will hand President Emmanuel Macron. Polls from Harris and OpinionWay last week projected that Macron’s Republic on the Move movement, known as REM, may take up to 80 percent of the seats in the 577-member ...

Dubai / Emirates Business A recent analysis conducted by the Dubai Chamber of Commerce and Industry revealed that Dubai’s total date trade amounted to $221.7 million in 2016, of which exports accounted for the largest share ($85.1 million), followed by imports ($72.1 million) and re-exports ($64.5 million). Dubai’s export share of the emirate’s total date trade stood at 38% in ...

Dubai / Emirates Business The Dubai College of Tourism (DCT), an institution established by Dubai’s Department of Tourism and Commerce Marketing (Dubai Tourism), has announced the first graduates of its interactive training programme, ‘Dubai Way’ designed for government and private sector staff engaged in tourist-facing roles in various service sectors. The ‘Dubai Way’ initiative was launched earlier this year by ...

Abu Dhabi / WAM The UAE has improved its standing in the 2017 Global Innovation Index (GII), topping all Arab countries and ranking 35th globally to improve six places from last year’s 41st position cementing its status as one of the world’s most innovative countries. The results of the index were officially announced during a press conference held on June ...

Abu Dhabi / Emirates Business ADNOC Distribution announced that its Vehicle Inspection Centres (VICs) in Abu Dhabi processed more than 350,000 light vehicles during the first five months of 2017. These inspections were performed at 21 centres across the Emirate, including 8 centres in Abu Dhabi and its suburbs, 6 centres in Al Ain and 7 centres in Al Dhafra ...

Bloomberg Australia’s best three months of hiring since 2004 has brought the jobs market into line with buoyant business conditions — signaling the economy could be in better shape than recent GDP data showed. At the Reserve Bank of Australia, there’ll be some relief. For months, it’s repeated that forward indicators suggested higher employment and lower unemployment were in the ...

Bloomberg Alibaba co-founder Jack Ma may team up with SoftBank Group Corp.’s Masayoshi Son in a $1.5 billion investment in ride-hailing startup Grab, according to people familiar with the matter. The investment would be part of Grab’s previously reported $1.5 billion fundraising, led by SoftBank and aimed at giving the Singaporean startup cash to battle Uber Technologies Inc. in Southeast ...

Bloomberg China Vanke Co., a logistics partner of Blackstone Group LP in China, is in talks to join a management-backed consortium bidding for warehouse operator Global Logistic Properties Ltd., people with knowledge of the matter said. The Shenzhen-based homebuilder has discussed becoming one of about six major investors in the Chinese bidding group backed by Hopu Investment Management, Hillhouse Capital ...

Bloomberg Since its founding 23 years ago, Amazon.com Inc. has upended the business of selling books, music and just about everything else we consume — except food. Not anymore. In one fell swoop, Amazon founder Jeff Bezos charged into the supermarket business with the $13.7 billion acquisition of Whole Foods. The surprise deal shakes up the $800 billion grocery sector ...

Bloomberg Nestle SA’s new chief executive officer is putting the world’s biggest food company on a diet, moving to shed its US confectionery business as he seeks growth from healthier and more profitable businesses. Half a year after taking the helm at the Vevey, Switzerland-based company, Mark Schneider put brands like Butterfinger and BabyRuth up for sale. Nestle’s shares rose ...