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ChemChina seeks EU okay for $43bn Syngenta deal

  Bloomberg China National Chemical Corp. sought European Union approval for its $43 billion takeover of Syngenta AG, one of a trio of mega-deals reshaping the global agrichemicals industry already described as “quite concentrated” by the bloc’s antitrust chief.The European Commission set an initial Oct. 28 deadline to rule on the deal, according to a website filing on Monday. ChemChina ...

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Aleppo reels from strikes as Russia accused of ‘war crimes’

  Aleppo / AFP Residents of Syria’s Aleppo faced worsening food and medical shortages on Monday as warplanes again pounded the city after Western powers at the UN accused Russia of war crimes. A fresh wave of intensive air strikes hit the city’s opposition-controlled east from dawn on Monday, an AFP correspondent in the city said, on the morning after ...

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Clinton and Trump neck and neck before first debate

  Washington / AFP The lengthy US presidential campaign is careening towards a 90-minute on Monday showdown, with Democrat Hillary Clinton and Republican Donald Trump squaring off in their first televised debate as they sit nearly neck and neck in the polls. The event, which is expected to be watched — and parsed — by tens of millions of Americans, ...

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Market for fit outs fuels furniture industry

  DUBAI / Emirates Business The GCC market for interior contracting and fit outs in 2015 was estimated at US$ 7.06 billion, according to a recent report of the GCC Building, Construction and Interiors Market by Retailspace. Growth in this sector is set to climb by 25.62 percent to US$ 8.87 billion by 2016, from the projects likely to be ...

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Emaar unveils first iconic beachfront project in Dubai

  Dubai / Emirates Business Emaar Hospitality Group, the hospitality & leisure business of global developer Emaar Properties, on Monday unveiled the first and only beachfront resort property under its flagship Address hotel brand in Dubai – The Address Jumeirah Resort + Spa, The Address Residences Jumeirah Resort + Spa and The Residences Jumeirah Dubai, Managed by The Address. The ...

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AED100mn cave, glass house plan in Quran Park approved

  DUBAI / WAM HH Sheikh Hamdan bin Rashid Al Maktoum, Deputy Ruler of Dubai, Minister of Finance and Chairman of Dubai Municipality, approved the cave and glass house project in the Quran Park at an estimated cost of AED100 million. Hussain Nasser Lootah, Director-General of Dubai Municipality, said, “The approval of Sheikh Hamdan for this project comes in order to ...

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‘Dubai continues to strengthen its position as a major hub for media’

  New York / Emirates Business His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister and Ruler of Dubai, stressed the state’s continued investment in creating a supportive environment for business and attracting talent to support the goals of “UAE Vision 2021.” He added that these could be attained while maintaining the principle of partnership between ...

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MBRF to participate in Frankfurt Book Fair from Oct 19-23

  Dubai / Emirates Business Mohammed bin Rashid Al Maktoum Foundation (MBRF) – part of Mohammed bin Rashid Al Maktoum Global Initiatives – is set to take part in the 68th edition of the Frankfurt Book Fair on October 19-23. Represented by Qindeel Printing, Publishing and Distribution, the Foundation is keen to attend the Fair – the largest of its ...

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Brexit-trigger process shouldn’t drag on: Johnson

  Bloomberg Foreign Secretary Boris Johnson said the U.K. shouldn’t prolong the process of withdrawing from the European Union, suggesting the government will formally trigger an exit by May of next year. Though Britain voted for Brexit in June, formal talks with the 27 other EU members can’t begin until Prime Minister Theresa May activates Article 50 of the bloc’s ...

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Spain eyes Basque and Galician polls to break political deadlock

  San Sebastian / AFP Spain’s Basque country and Galicia went to the polls on Sunday in regional elections that may help unblock the long-lasting national political paralysis. The country is stuck in limbo, run by a government without full powers following two inconclusive elections which the conservative Popular Party (PP) won without an absolute majority, and which have seen ...

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