Bloomberg Investors led by Chinese online games developer Shanghai Giant Network Technology Co. agreed to buy Caesars Entertainment Corp.’s online casino-style games unit Playtika Ltd. for $4.4 billion in cash, even as gambling remains illegal in the Asian country. The consortium includes Yunfeng Capital, the private equity company founded by Alibaba Group Holding Ltd. Chairman Jack Ma, China Oceanwide ...
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Madrid /Â AFP Luis Lag is one of thousands of Spaniards who went abroad during the crisis. This “very good decision” allowed him to find a better job when he eventually came back. But many others who left their country in search of work are still unable to return home due to Spain’s sky-high unemployment. Before leaving in 2011, Lag ...
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Bloomberg America Movil SAB, the Latin American wireless carrier controlled by billionaire Carlos Slim, sank to a seven-year low after reporting disappointing profit with its Mexican unit under siege from competitors and regulators. Earnings before interest, taxes, depreciation and amortization fell 11 percent from a year earlier to 61 billion pesos ($3.23 billion), the Mexico City-based company said Thursday ...
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Cologne / AFP Tens of thousands of supporters of Turkish President Recep Tayyip Erdogan rallied in the German city of Cologne on Sunday as tensions over Turkey’s failed coup put authorities on edge. Waving the Turkish flag and chanting “Turkey”, the demonstrators turned the rally site next to the River Rhine into a sea of red as they began ...
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Dubai / Emirates Business An increase in soil testing frequency is pointing to a buoyant construction sector in the UAE, according to the top official of Geoscience Testing Laboratory (GTL), a subsidiary of Prime, the region’s leading quality and compliance solutions provider. The Chief Executive Officer of GTL, Mary Jane Alvero Al Mahdi said, “There is an increase in frequency ...
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Dubai / Emirates Business The ambitious targets of the UAE government’s ‘UAE Vision 2021’ with regards to road fatalities demand the support of the entire nation and UAE’s corporations must play a vital role in achieving those targets. In this context, more corporations are rising to the challenge, becoming ever more aware of their critical role. Thought-leading corporations and ...
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Dubai / WAM Dubai’s active initiatives towards encouraging 3D printing are set to make it the world’s leading destination in this additive manufacturing technology, a leading 3D printing expert has said. Vice President and Prime Minister and Ruler of Dubai, His Highness Sheikh Mohammed bin Rashid Al Maktoum, recently launched the ‘Dubai 3D Printing Strategy’, a unique global initiative ...
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Dubai / EMIRATES BUSINESS Her Excellency Ohood bint Khalfan Al Roumi, UAE Minister of State for Happiness, announced the selection of 60 Chief Happiness and Positivity Officers representing federal and local government entities. The candidates will undergo a practical, comprehensive, and intense training programme – the first of its kind on a global level – as of September, to ...
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Dubai / WAM Dr Thani bin Ahmed Al-Zeyoudi, Minister of Climate Change and Environment, headed the second meeting of the Higher Committee for Environmental Coordination for 2016, hosted by the Municipality and Planning Department in Ajman, where the meeting was held at Al Zorah Nature Reserve in Ajman and attended by the committee members from concerned departments across the ...
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LONDON / WAM Sheikha Jawaher bint Mohammad Al Qasimi, wife of HH the Ruler of Sharjah, Chairperson of NAMA Women Advancement Establishment (NAMA) and Honorary Chairperson of the Sharjah Business Women Council (SBWC), participated in the opening ceremony of the Sharjah Business Women Forum in London, UK. Organised by NAMA and held at the capital city’s Royal Automobile Club, the ...
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