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Dubai Property Show to return to Mumbai

  Dubai / Emirates Business Geared by the successful Mumbai exhibition last year that raked in approximately AED 400 million into Dubai real estate and attracted almost 6000 visitors, Dubai Property Show is all set to return to the Indian metropolis this year in December. The realty expo is being organised by Sumansa Exhibitions in partnership with Dubai Land Department. ...

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Ajman gears up to welcome Eid visitors

  Ajman /Emirates Business Hotels and hotel apartments in Ajman are all set to welcome visitors to the emirate during the Eid Al Adha holiday. Majority of the establishments have reported 80% occupancy but expecting to reach full occupancy this week from last-minute bookings after the announcement that the public sector would enjoy a week-long Eid holiday and three days ...

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Danaher strikes $4bn Cepheid deal

  Reuters Danaher Corp said it would buy medical diagnostics company Cepheid in a deal valued at $4 billion, including debt, that will strengthen its presence in molecular diagnostics. Danaher, which develops technology for the dental, life sciences, diagnostics and environmental industries, spun off its industrial division in July to focus on science and technology. Piper Jaffray analysts said the ...

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Hammond seeks to keep UK a ‘great place’ for banks post-Brexit

  Bloomberg UK Chancellor of the Exchequer Philip Hammond said he understands the risks posed to Britain’s financial industry by the vote to leave the European Union and the importance of limiting the fallout on banks. ”It is important Britain maintains its status as a great place for financial services,” Hammond said in a statement. “The government stands ready to ...

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Australia economy grows at fastest pace in four years

  Bloomberg Australia’s economy expanded at the fastest annual pace in four years, driven by a surge in public investment to build roads and railways and continued strength in resource exports. Gross domestic product rose 0.5% in the second quarter from the previous three months, when it grew by a downward revised 1%; economists estimated 0.6% gain. The economy expanded ...

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Malaysia palm oil reserves at 5-year low as demand goes up

  Bloomberg Palm oil inventories in Malaysia probably fell to the lowest since 2011 as demand for the vegetable oil used in everything from instant noodles to detergents surged in countries including India and China. Inventories fell 7.9 percent to 1.63 million metric tons in August from a month earlier, the lowest since March 2011, according to the median of ...

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Mohammed tours Cityscape

  Dubai / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, on Tuesday toured the 15th Cityscape Global real estate exhibition which began on Tuesday at Dubai World Trade Centre and will conclude on September 8. Some 272 exhibitors from more than 30 countries (68 percent from the ...

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Dubai South and Expo 2020 Dubai collaborate at Cityscape

  Dubai / WAM Dubai South and Expo 2020 Dubai are collaborating at this year’s Cityscape Global to showcase the legacy that will be generated by the Expo and how it forms a part of the residential lifestyle opportunities for thousands of individuals within Dubai South in the run up to, and post, the mega-event. The Expo 2020 site in the ...

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Hamdan awards AED1bn contract for Mohammed bin Rashid Library

  Dubai / WAM His Highness Sheikh Hamdan bin Rashid Al Maktoum, Deputy Ruler of Dubai, UAE Minister of Finance, and Chairman of Dubai Municipality, approved the awarding of a AED1 billion contract for the construction of the Mohammed bin Rashid Library, the biggest cultural project in the Arab world. Construction work will commence in September 2016 and be completed by ...

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MoE organises workshop on Trade Facilitation Convention of WTO

  Abu Dhabi / WAM The Ministry of Economy recently organised a workshop to discuss the terms of the Trade Facilitation Convention of the World Trade Organisation (WTO) and its implementation in relation to international trade. Organised at the Ministry’s office in Abu Dhabi, the workshop was attended by representatives from the Abu Dhabi Global Market, Dubai Silicon Oasis Authority, Dubai ...

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