Bloomberg Procter & Gamble Co. is facing longer odds in its standoff with Nelson Peltz, the billionaire investor who is vying for a board seat in one of the most contentious proxy fights in years. Peltz won the approval of prominent shareholder-advisory firm Institutional Shareholder Services Inc , following a similar endorsement from Glass Lewis & Co. the previous week. …

Abu Dhabi / Emirates Business Aldar Properties PJSC (‘Aldar’), Abu Dhabi’s leading listed property development, investment and management company, appointed Construction Group Contracting House (CGCH) as the main contractor and early works package provider for an AED 745 million contract at The Bridges, its mid-market residential development on Reem Island. The contract, which commences with immediate effect, comprises the construction …

Abu Dhabi / WAM The number of commodities covered by the UAE’s selective taxation has been announced as 1,610 items, 60% of which are classified as soft drink products, 26% as tobacco and its derivatives, and some 14% as energy drinks, all deemed as the most damaging to the public’s health. The Federal Tax Authority has prepared a list of …