Abu Dhabi / Emirates Business The Supreme Legislation Committee in the Emirate of Dubai (SLC) hosted recently a panel discussion titled the ‘Legislative Audit Guidelines for Proper Implementation of the Legislation in force in the Emirate of Dubai.’ During the sessions, 17 participating local government entities gained valuable insights on the legislative audit. This includes the rules and measures ...
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Trump sits down with tech execs, including critics
New York / AFP Donald Trump met with some of America’s most powerful tech executives in a bid to mend fences with a largely pro-Hillary Clinton industry and promote job creation and trade. The afternoon summit at Trump Tower in New York gathered some of the wealthiest and brightest brains in the tech industry around the same table as ...
Read More »Tata Motors turns key battle in biggest Indian proxy fight
Bloomberg Tata Motors Ltd., the $22 billion producer of Jaguar sports cars and Land Rover sport utility vehicles, is shaping up as a key battleground in the fight for control of India’s biggest conglomerate. Tata Group is facing opposition to its plan to remove Cyrus Mistry from the automaker’s board after Glass Lewis & Co. and Institutional Shareholder Services ...
Read More »Hong Kong property shares turn toxic as mortgage costs spike
Bloomberg Hong Kong’s property developers are fast falling out of favor among investors as surging mortgage costs and punitive taxes threaten to choke home sales. A gauge of real estate companies traded on the city’s stock market has tumbled 13 percent this quarter, with developers accounting for half of the biggest losers on the benchmark Hang Seng Index, which ...
Read More »VW gains market share first time since ‘diesel scandal’
Bloomberg Volkswagen AG gained market share in Europe for the first time since its diesel-cheating scandal erupted in September 2015, a sign that the German manufacturer is regaining consumer trust. The region’s biggest automaker accounted for 24.8 percent of car sales in November compared with 24.6 percent a year earlier, the Brussels-based European Automobile Manufacturers’ Association, or ACEA, said ...
Read More »Lonza focuses on health with $5.5 billion Capsugel deal
Bloomberg Lonza Group AG agreed to buy US capsule maker Capsugel SA from KKR & Co. for $5.5 billion, as the Swiss biotech and specialty chemicals company seeks to focus more on health care. The price includes refinancing of existing Capsugel debt of about $2 billion, Basel-based Lonza and Capsugel, which has headquarters in Morristown, New Jersey, said in ...
Read More »UAE and Russia review trade, economic partnerships
Abu Dhabi /Â WAM His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces on Wednesday received the visiting Leonid Eduardovich Slutskii member of the State Duma of Russia, at Al Shai’ Palace. They reviewed cooperation between the UAE and Russia and the strong trade and economic partnerships ...
Read More »â€˜Special approach needed to address challenges in Arab world’
Dubai / WAM The challenges faced by the conflict-ravaged Arab region require a special approach, based on comprehensive solutions such as empowering national capabilities and preparing them to make a better future, said His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, while attending a session of the Arab Strategy ...
Read More »Deadly clashes hit Aleppo as evacuation deal on hold
Aleppo /Â AFP Deadly clashes erupted in Syria’s Aleppo on Wednesday and a deal for the evacuation of rebel areas was on hold, leaving thousands of cold and hungry civilians uncertain of their future. Entire families had gathered in the early hours, in the hope of leaving Aleppo after an agreement announced the night before for rebels to withdraw from ...
Read More »International Franchise Conference and Exhibition kicks off in Abu Dhabi
Abu Dhabi / Emirates Business The 2016 edition of the International Franchise Conference & Exhibition began yesterday, at the Abu Dhabi National Exhibition Centre (ADNEC). The event, which is organized by the Abu Dhabi Chamber of Commerce and Industry, gathers companies and brands together with the goal of providing investment opportunities for entrepreneurs and businesses in the United Arab ...
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