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NWP buys 5 Lippo shopping malls in Indonesia for $124mn

Bloomberg NWP Retail, a shopping mall developer backed by Warburg Pincus LLC, will spend $123.5 million buying five Lippo shopping malls in Indonesia. Two shopping malls will be acquired from the Indonesian units of Singapore-listed Lippo Malls Indonesia Retail Trust for $92 million while another three will be bought for $31.5 million from entities owned by PT Multipolar. The acquisitions ...

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Winter storms in Midwest delay 500 flights

Bloomberg Winter storms that delivered cold rain and ice to much of the Northeast and snow to the Midwest left more than 100,000 homes and businesses without power and caused more than 500 flight delays. The storms also produced treacherous road conditions, reduced visibility and knocked down power lines in an area that stretched from North Dakota, Minnesota and northern ...

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Special stamps mark 110 years of UAE’s postal services

Dubai / WAM Postal services in the UAE have spanned over a century, connecting near and far. Marking the occasion, Emirates Post has issued a series of commemorative stamps to celebrate 110 years of postal services in the country. The first postal agency opened in the Emirate of Dubai on 19th August 1909. It was initially affiliated to and managed ...

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