Dubai / WAM Dubai Holding, the global investment holding company, on Saturday announced the launch of its dedicated Youth Council, which has been formed to empower young people across the organisation while seeking to capture their unique talents and voices. Open to Dubai Holding staff aged 21 through 30 years, the Dubai Holding Youth Council has been designed to ...
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EU leaders pledge unity just days away from UK exit trigger
Bloomberg European Union leaders gathering in Rome on Saturday sought to reinforce the unity of the remaining member states, flagging a common defense as a priority, just four days before Britain officially sends notice it’s leaving. UK Prime Minister Theresa May’s absence from the celebratory summit, marking 60 years since the Treaty of Rome created the bedrock for the ...
Read More »Trump approves Keystone XL pipeline
Washington / AP President Donald Trump greenlighted the long-delayed Keystone XL pipeline, declaring it a “great day for American jobs†and siding with energy advocates over environmental groups in a heated debate over climate change. The presidential permit comes nearly a decade after Calgary-based TransCanada applied to build the $8 billion pipeline, which will snake from Canada through the ...
Read More »China’s Zhonghong agrees to acquire 21% SeaWorld stake
Bloomberg China’s Zhonghong Zhuoye Group Co. agreed to acquire a 21 percent stake in SeaWorld Entertainment Inc. from Blackstone Group LP, becoming the embattled US theme-park operator’s largest shareholder. The Asian leisure and tourism holding company will pay Blackstone $23 a share, or about $448.5 million based on shares held at the end of December. That represents a 33 ...
Read More »Euro-area economy pace bodes well for prices, jobs
Bloomberg The euro area’s accelerating economy is translating into faster job creation and stronger inflation pressures. A key gauge of activity rose to a near six-year high in March, and employment increased the most since July 2007, with hiring picking up both in services and manufacturing. The jump in the headline IHS Markit Purchasing Managers Index compared with economists’ ...
Read More »Fitbit moves towards trial in Jawbone ‘trade secrets theft’ controversy
Bloomberg Fitbit Inc. is headed toward a trial over claims it stole rival Jawbone Inc.’s trade secrets, after failing to persuade a judge to throw the case out. A California state judge has rejected Fitbit’s argument that the lawsuit is merely an attempt to rehash claims that were already analyzed and rejected by the US International Trade Commission in ...
Read More »Gargash highlights UAE’s counter-terrorism steps
WASHINGTON / WAM The UAE appreciates the United States administration’s clear policy against extremism and terrorism, and its understanding of relevant regional consequences, said Dr Anwar bin Mohammed Gargash, Minister of State for Foreign Affairs. ”The war against terrorism requires concerted, united and focussed efforts and co-operation from both countries and civilised communities,” Dr. Gargash said in an intervention during ...
Read More »Sharjah leads to Moscow to promote tourism industry
Sharjah / WAM The Sharjah Commerce and Tourism Development Authority (SCTDA) headed to Moscow from Berlin to continue promoting international travel to the emirate. The Authority is heading a delegation, which includes key representatives from Sharjah tourism and travel players, to Moscow International Trade and Tourism, MITT, Russia’s leading and largest travel exhibition and one of the five largest exhibitions ...
Read More »Abu Dhabi all set to launch Mother of the Nation Festival
ABU DHABI / Emirates Business Abu Dhabi Tourism & Culture Authority (TCA Abu Dhabi) announced that preparations for Mother of the Nation Festival are in their final stages. The Festival will open its doors from 4pm until midnight on Sunday March 26 and run daily until April 4 on Abu Dhabi Corniche. The Festival will offer four diverse activity zones ...
Read More »Myanmar luxury property reels from foreign-buyer confusion
Bloomberg Confusion over a law allowing foreigners to buy condominiums in Myanmar is prolonging a slowdown in its residential property sector, highlighting the challenges of regulatory flux in the frontier market. The legislation adopted in January 2016 leaves unanswered questions such as whether it applies to existing apartments, hurting efforts to woo investors. The outlook now depends partly on ...
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