Dubai /Â WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, approved the award of two contracts for constructing the 7th Interchange on Sheikh Zayed Road, as well as Al Yalayis and Al Asayel Roads, at a cost of AED 1.2 billion. The two projects will enhance the ...
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Mohammed opens GMIS
Abu Dhabi /Â WAM The Inaugural edition of the Global Manufacturing and Industrialisation Summit (GMIS) was officially opened on Monday evening in the presence of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE, and Ruler of Dubai. The Summit is being held under the patronage of His Highness Sheikh Mohamed bin Zayed ...
Read More »Abu Dhabi Media wins 3 ‘Digital Studio Awards’
Abu Dhabi / Emirates Business Abu Dhabi TV Network, part of Abu Dhabi Media, has won three strategic ‘Digital Studio 2017’ awards at the CABSAT 2017 Dubai exhibition, underscoring the network’s leading role in the regional media industry. The prestigious awards highlight the commendable status and values of Abu Dhabi Media’s television network, which adopts the highest professional standards ...
Read More »Putin critic jailed as mass rallies energize Russian opposition
Bloomberg Russian opposition leader Alexei Navalny was jailed for 15 days after the largest anti-government demonstrations for at least five years energized President Vladimir Putin’s critics as presidential elections loom. Navalny was imprisoned by a Moscow court on Monday after being convicted of disobeying police and fined 20,000 rubles ($352) for organizing an unsanctioned protest after more than 1,000 ...
Read More »Mother of the Nation Festival taps importance of water sustainability
Abu Dhabi / WAM Miyah – World of Water, an interactive installation illustrating the importance of global water sustainability, will debut at this year’s Mother of the Nation Festival taking place from March 26- April 4 on the Abu Dhabi Corniche. The installation aims to shed light on the value of water preservation while outlining its role in sustaining ...
Read More »US travel sector to take a beating under Trump
Bloomberg Like many Washington lobby groups, the US Travel Association was quick to congratulate the new president on his victory last November. “We are encouraged that Mr Trump’s extensive business and hospitality background … will make him a ready and receptive ear,†the trade organization said. Upon the Republican’s inauguration, the USTA’s chief executive, Roger Dow, pledged the industry ...
Read More »BT to pay $429mn for late network installs
Bloomberg BT Group Plc was fined a record 42 million pounds ($53 million) and ordered to reimburse another 300 million pounds to competitors after an investigation found the former phone monopoly failed to adequately compensate them for broadband service delays. The UK communications regulator Ofcom found a “serious breach†of rules in place to protect competitors who rely on ...
Read More »Fortis Healthcare weighs Singapore trust buyout
Bloomberg Fortis Healthcare Ltd., India’s second-largest private hospital chain by market value, is weighing a buyout of the Singapore-listed business trust that owns some of its clinics, people with knowledge of the matter said. The New Delhi-based company is considering making an offer for all the units it doesn’t already own in RHT Health Trust, which has a market ...
Read More »China’s Huishan had emergency creditor meeting before rout
Bloomberg China Huishan Dairy Holdings Co.’s creditors held an emergency meeting on Thursday to discuss a cash shortage at the milk producer, according to a peer-to-peer lender that attended the gathering. Government officials from Liaoning province, where Huishan is based, convened the meeting and asked the company’s lenders to refrain from demanding immediate repayment, according to Hongling Capital, a ...
Read More »Dow-DuPont $77bn merger gets EU nod
Bloomberg Dow Chemical Co. and DuPont Co. won European Union approval for a $77 billion merger, overcoming regulators’ concerns with hefty concessions, including the sale of large parts of DuPont’s global pesticide business. The takeover, announced a year ago, is the first to win EU approval out of a trio of mega-deals that would reshape the global agrochemicals industry. ...
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